Two Directors at Watkin Jones bought 379,000 shares at between 26p and 27p. The significance rating of the trade was 71/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two yea...
* A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Share prices and market capitalisations taken from the current price on the day of publication Dish of the day Admissions: None Delistings: None What’s baking in the oven? Transferring markets: 8 November: Zentra Group plc (ZNT.L)* will delist from the Equity Transition Segment of the Main Market...
21st May 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced, or it is a rumour Dish of the day Admissions: Delistings: What’s baking in the oven? ** Potential**** Initial Public Offerings: ITF announced: 7th May: Time To ACT plc, an engineering business focused on technology for the energy transition sector, has announced its intention to seek Admission to t...
23rd April 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced Dish of the day Admissions: Delistings: Bidstack Group (BIDS.L) has left the AIM market What’s baking in the oven? ** Potential**** Initial Public Offerings: Reverse Takeovers: 16 April 2024: Electric Guitar (ELEG.L) Concurrent with its Admission to trading on AIM, Electric Guitar is proposing to ...
11th October 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment obje...
Joiners: No joiners today. Leavers: No leavers today. What’s cooking in the IPO kitchen?** Substrate Artificial Intelligence, an artificial intelligence company based in Spain that creates, buys and scales companies around AI in diverse sectors such as fintech, agritech, energy, human resources, and health, intends to join the Access Segment of the AQSE Growth Market. Expected Admission 21 July 2023. Blackpoint Biotech plc, a medical cannabinoids company established to fulfil gaps in the medical...
Nick Searle speaks to Richard Simpson, CEO of Watkin Jones Group. Richard moved into real estate after starting his career in the British Army. He describes his career progression at Unite and the transition to CEO at Watkin Jones. Nick and Richard discuss the current economic backdrop and the impact on the business, the outlook and the commercial real estate sector following Covid 19. Watkin Jones is the UK’s leading developer and manager of residential for rent focusing on the build to rent r...
In early 2021 we set out our top stock picks for the year. From the date of that note to 31 December 2021, the average performance of our ten top picks was 32.0%, outperforming the AIM All-Share and FTSE All-Share by 29.4% and 21.5% respectively. In this note we discuss our 2021 picks’ performance, equities trends in 2021, and our outlook for 2022, before setting out our new top picks for 2022.
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Red Dwarf, the very British sci-fi comedy franchise, ran for 11 seasons – most recently in 2017; and The Promised Land is a feature-length TV movie – out this year. Yes, the programme is an acquired taste. Strangely, too, many episodes are impacted by a virus or three (physiological, not main-frame). More practical right now, and a veritable Canaan, would be Reverse Flu Virus; and, even better, the Luck Virus. The former infects the individual with a feeling of well-being and happiness - wh...
There is an expression on Wall Street that the “market goes up the escalator, but down the liftâ€. However during these type of ‘Pearl Harbor’ moments, investors are also offered incredible ‘once in a generation’ opportunities. Sure we are not trying to call a bottom, albeit the risk/reward balance has now seriously shifted to the upside, especially for quality names like Watkin Jones. Last week, the firm said it was temporarily suspending all non-essential work at its PBSA, BtR and...
What makes a great stock? Well according to legendary investor Warren Buffet, it is buying a “wonderful business at a fair priceâ€. A maxim that we believe rings true for Watkin Jones, who today issued another positive set of results. FY19 turnover climbed 3.2% to £374.8m (£363.1m LY), with the dividend hiked 9.9% to 8.35p (7.6p LY & 2x covered), reflecting robust cashflows and closing net funds of £76.8m (£80.2m LY), equating to 30p/share. Elsewhere gross profits rose 6.0% to £76.8m (...
For fighter pilots, it is a minimum requirement. But having 20/20 ‘visual acuity’ (correct term) does not necessarily mean you have perfect vision (as convention assumes); instead, it indicates sharpness and clarity of vision at a distance. It is measured by a Snellen Chart, which displays letters of progressively smaller size and whereby 20/20 means that the test subject sees the same line of letters at 20 feet that a person with normal vision sees at 20 feet (or 6 metres; but 6/6 simply di...
Watkin Jones is a rare breed. Not only is this developer & manager of large scale, multi occupancy property bucking the wider UK economic trends. But also the company is benefitting from the long term secular tailwinds supporting in its 2 key markets of Build to Rent (BtR) & student accommodation (PBSA). What’s more the business is performing well, with the CEO Richard Simpson saying this morning that “trading remained strong through Q4’19, …[and] the Board expects to report FY19 revenue...
Watkin Jones is a rare breed. Not only is this developer & manager of large scale, multi occupancy property bucking the wider UK economic trends. But also the company is benefitting from the long term secular tailwinds supporting in its 2 key markets of Build to Rent (BtR) & student accommodation (PBSA). What’s more the business is performing well, with the CEO Richard Simpson saying this morning that “trading remained strong through Q4’19, …[and] the Board expects to report FY19 revenue...
Watkin Jones is a rare breed. Not only is this developer & manager of large scale, multi occupancy property bucking the wider UK economic trends. But also the company is benefitting from the long term secular tailwinds supporting in its 2 key markets of Build to Rent (BtR) & student accommodation (PBSA). What’s more the business is performing well, with the CEO Richard Simpson saying this morning that “trading remained strong through Q4’19, …[and] the Board expects to report FY19 revenue...
Quality businesses have many attractions. Not least the ability to expand profitably, even during choppy seas such as today. Enter Watkin Jones, a leading UK developer & manager of large scale, multi occupancy accommodation, focusing on purpose built student accommodation (PBSA) and residential build to rent (BtR). Yesterday the company announced a slew of property deals and pipeline updates, involving 2,532 PBSA beds, 431 BtR units and 88 residential appts. Here UK demand for new build rental p...
For centuries, home ownership has proved to be reliable path to riches. However nowadays, due to elevated prices and an acute lack of supply, this is a dream for many, especially those trying to initially get on the property ladder. Not surprisingly therefore, more and more people are turning to the buoyant Build-to-Rent sector, which real-estate adviser Savills expects to ultimately be worth £543.6bn, equivalent to 1.749m apartments compared to 30.4k today (£9.6bn). What’s more this isnâ€...
There aren’t too many safe haven UK stocks that can claim to have largely escaped the Brexit bearhug. However we think Watkin Jones, a leading developer/manager of large scale, multi occupancy accommodation, is just such one. This morning the company reported H1’19 results that were ‘in line’ with FY19 expectations, alongside lifting the interim dividend 11.3% to 2.75p (2.47p). Here gross margins climbed 1.9% to 23.7% on sales up 0.5% to £159.1m, reflecting improved mix (re more premi...
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