Professional
Added to YB: 2025-01-24
Pitch date: 2025-01-23
WJG.L [bullish]
Watkin Jones Plc
+6%
current return
Author Info
Progessive Equity Research provides bespoke research, investor engagement and advisory services to public and private companies of all sizes and across a broad range of sectors. Visit their website.
Company Info
Watkin Jones Plc engages in the development and the management of properties for residential occupation in the United Kingdom.
Market Cap
GBP 68.1M
Pitch Price
GBP 0.25
Price Target
N/A
Dividend
N/A
EV/EBITDA
50.44
P/E
-184.14
EV/Sales
0.10
Sector
Real Estate Management and Development
Category
N/A
Watkin Jones Plc: FY24 profits and cashflow beat expectations
WJG.L: FY24 profits & cash beat expectations. PBSA & BTR developer adapting to sector headwinds. £9.2m adj PBT, £83.4m net cash. Strong pipeline: 2,600+ PBSA beds planned. Awaiting rate clarity for investor appetite. Long-term outlook positive due to high rental demand. Innovative JV & diversification efforts ongoing.
Read full article (5 min)