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Watkin Jones

June 2019

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • WJG
  • Price:
  • 215.5p
Watkin Jones has reported a strong H1. Sales were flat at £159m but pretax profit grew by 10% to £26m and eps by 8% to 8.1p. Net cash was £18m, albeit a delayed payment of £14m was subsequently received.Due to timing and mix, revenue from the student accommodation side was £13.4m less than for H1 18 at £128.8m reflecting fewer developments in H1 19 compared to the prior year: six schemes are scheduled to complete this year (2,723 beds), compared with ten schemes (3,415 beds) in FY18. Watkin Jones reports a pipeline of 9,000 beds across 20 developments, of which 5,334 over 11 sites are currently forward sold for delivery over the period FY19 -21, so outer years are set to see a pickup.This r ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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