Reported Earnings • Jun 02
First half 2026 earnings released: UK£0.003 loss per share (vs UK£0.003 loss in 1H 2025) First half 2026 results: UK£0.003 loss per share (in line with 1H 2025). Revenue: UK£100.2m (down 23% from 1H 2025). Net loss: UK£888.0k (loss widened 29% from 1H 2025). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Real Estate industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Announcement • May 20
Watkin Jones Plc to Report First Half, 2026 Results on May 27, 2026 Watkin Jones Plc announced that they will report first half, 2026 results on May 27, 2026 Announcement • Jan 06
Watkin Jones Plc, Annual General Meeting, Feb 04, 2026 Watkin Jones Plc, Annual General Meeting, Feb 04, 2026. Location: the offices of mhp group, 60 great portland street, w1w 6rt, london United Kingdom Reported Earnings • Dec 17
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: UK£0.033 loss per share (down from UK£0.007 profit in FY 2024). Revenue: UK£279.8m (down 23% from FY 2024). Net loss: UK£8.41m (down UK£10.3m from profit in FY 2024). Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 20% p.a. on average during the next 2 years, while revenues in the Real Estate industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings. New Risk • Dec 16
New major risk - Revenue and earnings growth Earnings have declined by 56% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 56% per year over the past 5 years. Minor Risk Market cap is less than US$100m (UK£67.9m market cap, or US$91.2m). New Risk • Dec 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). Market cap is less than US$100m (UK£65.9m market cap, or US$88.1m). Price Target Changed • Dec 14
Price target increased by 27% to UK£0.70 Up from UK£0.56, the current price target is an average from 2 analysts. New target price is 166% above last closing price of UK£0.27. Stock is up 36% over the past year. The company is forecast to post earnings per share of UK£0.006 for next year compared to UK£0.0074 last year. Announcement • Oct 22
Watkin Jones Plc Provides Earnings Guidance for the Year Ended September 30, 2025 Watkin Jones Plc provided earnings guidance for the year ended September 30, 2025. For the year, the group expected to report, subject to audit, revenue of £280 million. New Risk • Sep 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Jun 02
First half 2025 earnings released: UK£0.003 loss per share (vs UK£0.006 profit in 1H 2024) First half 2025 results: UK£0.003 loss per share (down from UK£0.006 profit in 1H 2024). Revenue: UK£129.2m (down 26% from 1H 2024). Net loss: UK£689.0k (down 143% from profit in 1H 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, while revenues in the Real Estate industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 50% per year, which means it has not declined as severely as earnings. Major Estimate Revision • May 29
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from UK£350.9m to UK£313.0m. EPS estimate fell from UK£0.0087 to UK£0.0066 per share. Net income forecast to grow 11% next year vs 24% growth forecast for Real Estate industry in the United Kingdom. Consensus price target of UK£0.58 unchanged from last update. Share price fell 21% to UK£0.30 over the past week. Announcement • May 22
Watkin Jones Plc to Report First Half, 2025 Results on May 29, 2025 Watkin Jones Plc announced that they will report first half, 2025 results on May 29, 2025 Announcement • Feb 07
Watkin Jones Plc, Annual General Meeting, Mar 04, 2025 Watkin Jones Plc, Annual General Meeting, Mar 04, 2025. Location: the offices of mhp group, 60 great portland street, w1w 6rt, london United Kingdom Recent Insider Transactions • Jan 31
CFO & Director recently bought UK£61k worth of stock On the 24th of January, Simon David Jones bought around 231k shares on-market at roughly UK£0.26 per share. This transaction increased Simon David's direct individual holding by 29x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Simon David's only on-market trade for the last 12 months. Reported Earnings • Jan 24
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: UK£0.007 (up from UK£0.13 loss in FY 2023). Revenue: UK£362.4m (down 12% from FY 2023). Net income: UK£1.90m (up UK£34.4m from FY 2023). Profit margin: 0.5% (up from net loss in FY 2023). Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) also missed analyst estimates by 60%. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Real Estate industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance. New Risk • Jan 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 5.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.0% average weekly change). Market cap is less than US$100m (UK£50.2m market cap, or US$61.8m). Price Target Changed • Jan 23
Price target decreased by 9.4% to UK£0.56 Down from UK£0.62, the current price target is an average from 3 analysts. New target price is 121% above last closing price of UK£0.25. Stock is down 46% over the past year. The company is forecast to post earnings per share of UK£0.018 next year compared to a net loss per share of UK£0.13 last year. Announcement • Jan 17
Watkin Jones Plc to Report Fiscal Year 2024 Results on Jan 23, 2025 Watkin Jones Plc announced that they will report fiscal year 2024 results at 11:00 AM, GMT Standard Time on Jan 23, 2025 New Risk • Aug 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: UK£75.3m (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Market cap is less than US$100m (UK£75.3m market cap, or US$99.5m). Recent Insider Transactions • Aug 23
Independent Non-Executive Chairman recently bought UK£51k worth of stock On the 22nd of August, Alan Clifford Giddins bought around 157k shares on-market at roughly UK£0.32 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Alan Clifford has been a buyer over the last 12 months, purchasing a net total of UK£90k worth in shares. New Risk • Aug 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Apr 24
Watkin Jones Plc Announces CFO Changes Watkin Jones Plc announced that, as part of a managed succession process, Sarah Sergeant, Chief Financial Officer, will step down from the Board in mid-June 2024. The Board announced that Simon Jones has been appointed to succeed Sarah. Simon will join Watkin Jones as Chief Financial Officer Designate and as a member of the Board on 21 May 2024 and will work closely with Sarah to ensure a smooth hand over of responsibilities following the publication of the Group's interim results for the six months ended 31 March 2024. Simon is a highly experienced CFO with a strong track record within the property sector, and with proven commercial and operational expertise. Most recently Simon was CFO at the US majority owned Mapeley Group, where his main focus was performance improvement and growth, and latterly its successful divestment. Prior to this he held a number of senior finance roles within, amongst others, Bass PLC (now IHG Group PLC), Hilton and Whitbread PLC. Simon qualified as a chartered accountant with KPMG. Simon David Ainslie Jones is 54 years old.Current directorships and those held by Simon within the last five years are as follows: Current directorships:- Mapeley Estates Limited;Mapeley Steps Contractor Limited;Durham Student Living Limited;Osm House (Freehold) Limited. Previous directorships:- Atlas Workplace Services Limited; Cannon Capital Developments Limited; Mapeley Abi Provider Limited; Mapeley Columbus II Limited; Mapeley Columbus Properties Limited; Mapeley Investment Group Limited; Mapeley Steps Properties Limited; Ogle Road Developments Limited; Ogle Road Management Limited; Salisbury Engineering and Compliance Limited; Salisbury Esco Limited; Salisbury Holdings Limited; Salisbury Integrated Services Limited; Salisbury Security Services Limited. Announcement • Feb 02
Watkin Jones Plc, Annual General Meeting, Feb 29, 2024 Watkin Jones Plc, Annual General Meeting, Feb 29, 2024, at 10:30 Coordinated Universal Time. Location: the offices of Buchanan Communications, 107 Cheapside, London, EC2V 6DN London United Kingdom Reported Earnings • Jan 23
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: UK£0.13 loss per share (down from UK£0.052 profit in FY 2022). Revenue: UK£413.2m (up 1.5% from FY 2022). Net loss: UK£32.5m (down 343% from profit in FY 2022). Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 9.2%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 3.3% decline forecast for the Real Estate industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 39% per year, which means it has not declined as severely as earnings. Announcement • Jan 10
Watkin Jones Plc to Report Fiscal Year 2023 Results on Jan 23, 2024 Watkin Jones Plc announced that they will report fiscal year 2023 results on Jan 23, 2024 Price Target Changed • Nov 17
Price target decreased by 20% to UK£0.78 Down from UK£0.97, the current price target is an average from 4 analysts. New target price is 64% above last closing price of UK£0.47. Stock is down 53% over the past year. The company is forecast to post a net loss per share of UK£0.14 compared to earnings per share of UK£0.052 last year. Announcement • Nov 15
Watkin Jones plc Appoints Alex Pease as Chief Executive Officer Watkin Jones Plc announced the appointment of Alex Pease as chief executive officer (CEO) with immediate effect. Alex joined the company in 2010 and took on the role of Group Investment Director in 2013. He was appointed Chief Investment Officer in 2021 and joined the Board in 2022. Since 19 July 2023, Alex has been the Interim CEO, leading the business through a critical period during which the markets in which the Group operates have faced significant challenges. During this time, the Group under Alex's leadership has successfully concluded the sale of three non-core Private Rented Sector assets, taken action to better align its cost base and made progress against a number of important operational initiatives. New Risk • Oct 12
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: UK£81.6m (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (UK£81.6m market cap, or US$99.7m). Announcement • Oct 11
Watkin Jones Plc Provides Earnings Guidance for the Fiscal Year 2024 Watkin Jones Plc provided earnings guidance for the fiscal year 2024. For the year, Group's level of secured revenue is £330 million. Announcement • Aug 19
L1 Capital Pty. Limited acquired Three Non-core Private Rented Sector Operational Assets from Watkin Jones Plc (AIM:WJG) for £11 million. L1 Capital Pty. Limited acquired Three Non-core Private Rented Sector Operational Assets from Watkin Jones Plc (AIM:WJG) for £11 million on August 17, 2023. The consideration consists After repayment of the related debt financing and disposal costs, the net cash inflow to Watkin Jones will be an initial £9 million in the fourth quarter of financial 2023. There will also be a further £2 million deferred payment in the first half of financial 2024. Mike Bell and Ed Allsopp of Peel Hunt LLP acted as financial advisor and Joint Corporate Broker to Watkin Jones plc. L1 Capital Pty. Limited completion the acquisition of Three Non-core Private Rented Sector Operational Assets from Watkin Jones PLC on August 17, 2023.Watkin Jones Plc (AIM:WJG) was advised in the transaction by Savills. Mishcon De Reya LLP acted as legal advisor to Watkin Jones Plc (AIM:WJG). Recent Insider Transactions • Jul 21
Independent Non-Executive Chairman recently bought UK£194k worth of stock On the 19th of July, Alan Clifford Giddins bought around 416k shares on-market at roughly UK£0.47 per share. This transaction increased Alan Clifford's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Alan Clifford has been a buyer over the last 12 months, purchasing a net total of UK£283k worth in shares. New Risk • Jul 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 14% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Price Target Changed • Jul 19
Price target decreased by 23% to UK£1.34 Down from UK£1.74, the current price target is an average from 4 analysts. New target price is 186% above last closing price of UK£0.47. Stock is down 79% over the past year. The company is forecast to post earnings per share of UK£0.061 for next year compared to UK£0.052 last year. Buying Opportunity • Jul 05
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be UK£0.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Earnings per share has declined by 23%. For the next 3 years, revenue is forecast to grow by 24% per annum. Earnings is also forecast to grow by 28% per annum over the same time period. Upcoming Dividend • Jun 01
Upcoming dividend of UK£0.014 per share at 9.3% yield Eligible shareholders must have bought the stock before 08 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 9.3%. Within top quartile of British dividend payers (5.9%). Higher than average of industry peers (4.6%). Buying Opportunity • Jun 01
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be UK£0.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Earnings per share has declined by 23%. For the next 3 years, revenue is forecast to grow by 24% per annum. Earnings is also forecast to grow by 32% per annum over the same time period. Reported Earnings • May 24
First half 2023 earnings released: UK£0.002 loss per share (vs UK£0.052 loss in 1H 2022) First half 2023 results: UK£0.002 loss per share (improved from UK£0.052 loss in 1H 2022). Revenue: UK£153.9m (down 20% from 1H 2022). Net loss: UK£593.0k (loss narrowed 96% from 1H 2022). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 2.5% decline forecast for the Real Estate industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 24% per year. Major Estimate Revision • May 23
Consensus revenue estimates decrease by 12% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from UK£547.4m to UK£480.2m. EPS estimate unchanged from UK£0.12 per share at last update. Real Estate industry in the United Kingdom expected to see average net income decline 24% next year. Consensus price target of UK£1.70 unchanged from last update. Share price fell 21% to UK£0.77 over the past week. Announcement • May 23
Watkin Jones plc Declares an Interim Dividend, Payable on 30 June 2023 The board of Watkin Jones Plc has declared an interim dividend for the period of 1.4 pence per share, which will be paid on 30 June 2023 to shareholders on the register at close of business on 9 June 2023. The shares will go ex-dividend on 8 June 2023. Announcement • Feb 03
Watkin Jones Plc, Annual General Meeting, Feb 28, 2023 Watkin Jones Plc, Annual General Meeting, Feb 28, 2023, at 10:30 Coordinated Universal Time. Location: offices of Buchanan Communications, 107 Cheapside, London, EC2V 6DN London United Kingdom Agenda: To receive the Company's financial statements and the reports of the Directors and of the auditor for the year ended 30 September 2022; to declare final dividend for the year ended 30 September 2022 of 4.5 pence per ordinary share of the Company, to be paid on 2 March 2023 to shareholders whose names appear on the register of members of the Company as at close of business on 3 February 2023; to approve the Directors remuneration report for the year ended 30 September 2022; to re-elect Directors of the Company; to re-appoint Deloitte LLP as the Company's auditor to hold office until the conclusion of the next Annual General Meeting of the Company at which accounts are laid; and to authorize the Directors to agree the remuneration of the auditor of the Company. Recent Insider Transactions • Feb 02
Non-Executive Director recently bought UK£50k worth of stock On the 31st of January, Francis Salway bought around 46k shares on-market at roughly UK£1.10 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought UK£229k more in shares than they have sold in the last 12 months. Reported Earnings • Jan 26
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: UK£0.052 (down from UK£0.16 in FY 2021). Revenue: UK£407.1m (down 5.4% from FY 2021). Net income: UK£13.4m (down 68% from FY 2021). Profit margin: 3.3% (down from 9.7% in FY 2021). Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 55%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.5% decline forecast for the Real Estate industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Jan 25
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from UK£589.8m to UK£571.7m. EPS estimate also fell from UK£0.174 per share to UK£0.15 per share. Net income forecast to grow 406% next year vs 50% decline forecast for Real Estate industry in the United Kingdom. Consensus price target of UK£1.89 unchanged from last update. Share price fell 4.5% to UK£1.06 over the past week. Announcement • Jan 25
Watkin Jones Plc Proposes Final Dividend for Year Ended 30 September 2022, Payable on 2 March 2023 The Board of Watkin Jones Plc has proposed a final dividend of 4.5 pence per share for year ended 30 September 2022 (Fiscal year 2021: 5.6 pence per share). Taken together with the interim dividend of 2.9 pence per share (Fiscal year 2021: 2.6 pence per share), this will give a total dividend for the year of 7.4 pence per share (Fiscal year 2021: 8.2 pence per share). The company will be paid on 2 March 2023 to shareholders on the register at the close of business on 3 February 2023. Announcement • Jan 10
Watkin Jones Plc to Report Fiscal Year 2022 Results on Jan 25, 2023 Watkin Jones Plc announced that they will report fiscal year 2022 results on Jan 25, 2023 Price Target Changed • Dec 06
Price target decreased to UK£1.89 Down from UK£2.18, the current price target is an average from 4 analysts. New target price is 97% above last closing price of UK£0.96. Stock is down 62% over the past year. The company is forecast to post earnings per share of UK£0.13 for next year compared to UK£0.16 last year. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Horsley Addison was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Price Target Changed • Nov 09
Price target decreased to UK£2.18 Down from UK£2.47, the current price target is an average from 5 analysts. New target price is 134% above last closing price of UK£0.93. Stock is down 61% over the past year. The company is forecast to post earnings per share of UK£0.13 for next year compared to UK£0.16 last year. Board Change • Oct 14
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Horsley Addison was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Major Estimate Revision • Oct 05
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from UK£538.3m to UK£523.4m. EPS estimate also fell from UK£0.15 per share to UK£0.12 per share. Net income forecast to grow 354% next year vs 9.7% decline forecast for Real Estate industry in the United Kingdom. Consensus price target down from UK£2.82 to UK£2.47. Share price fell 36% to UK£0.98 over the past week. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorated over the past week After last week's 33% share price decline to UK£1.01, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Real Estate industry in the United Kingdom. Total loss to shareholders of 50% over the past three years. Price Target Changed • Sep 28
Price target decreased to UK£2.82 Down from UK£3.11, the current price target is an average from 6 analysts. New target price is 83% above last closing price of UK£1.54. Stock is down 33% over the past year. The company is forecast to post earnings per share of UK£0.15 for next year compared to UK£0.16 last year. Upcoming Dividend • Jun 02
Upcoming dividend of UK£0.029 per share Eligible shareholders must have bought the stock before 09 June 2022. Payment date: 30 June 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.5%. Lower than top quartile of British dividend payers (4.9%). Lower than average of industry peers (3.1%). Major Estimate Revision • May 24
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from UK£0.17 to UK£0.14 per share. Revenue forecast steady at UK£541.6m. Net income forecast to grow 411% next year vs 5.7% decline forecast for Real Estate industry in the United Kingdom. Consensus price target of UK£3.12 unchanged from last update. Share price fell 5.3% to UK£2.25 over the past week. Reported Earnings • May 18
First half 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First half 2022 results: UK£0.052 loss per share (down from UK£0.081 profit in 1H 2021). Revenue: UK£193.0m (up 8.2% from 1H 2021). Net loss: UK£13.3m (down 164% from profit in 1H 2021). Revenue missed analyst estimates by 16%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 35% compared to a 11% decline forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Jan 19
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: UK£0.16 (up from UK£0.082 in FY 2020). Revenue: UK£430.2m (up 22% from FY 2020). Net income: UK£41.9m (up 99% from FY 2020). Profit margin: 9.7% (up from 6.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) exceeded analyst estimates by 5.2%. Over the next year, revenue is forecast to grow 26% compared to a 7.2% decline forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Board Change • Nov 15
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Simon Laffin is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Oct 22
Price target increased to UK£2.83 Up from UK£2.58, the current price target is an average from 6 analysts. New target price is 23% above last closing price of UK£2.30. Stock is up 57% over the past year. The company is forecast to post earnings per share of UK£0.15 for next year compared to UK£0.082 last year. Board Change • Oct 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Liz Reilly was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jul 29
Non-Executive Director recently bought UK£147k worth of stock On the 22nd of July, Alan Clifford Giddins bought around 64k shares on-market at roughly UK£2.30 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought UK£175k more in shares than they have sold in the last 12 months. Upcoming Dividend • Jun 03
Upcoming dividend of UK£0.026 per share Eligible shareholders must have bought the stock before 10 June 2021. Payment date: 30 June 2021. Trailing yield: 2.3%. Lower than top quartile of British dividend payers (4.0%). In line with average of industry peers (2.5%). Reported Earnings • May 22
First half 2021 earnings released: EPS UK£0.081 (vs UK£0.085 in 1H 2020) The company reported a poor first half result with weaker earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: UK£178.4m (down 3.9% from 1H 2020). Net income: UK£20.8m (down 3.9% from 1H 2020). Profit margin: 12% (in line with 1H 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Mar 05
Watkin Jones Plc to Report First Half, 2021 Results on May 18, 2021 Watkin Jones Plc announced that they will report first half, 2021 results on May 18, 2021 Is New 90 Day High Low • Feb 25
New 90-day high: UK£2.05 The company is up 16% from its price of UK£1.76 on 27 November 2020. The British market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£3.50 per share. Price Target Changed • Feb 03
Price target raised to UK£2.53 Up from UK£2.22, the current price target is an average from 4 analysts. The new target price is 30% above the current share price of UK£1.95. As of last close, the stock is down 20% over the past year. Announcement • Jan 28
Watkin Jones Plc, Annual General Meeting, Feb 19, 2021 Watkin Jones Plc, Annual General Meeting, Feb 19, 2021, at 10:30 Coordinated Universal Time. Agenda: To receive the Company's financial statements for the year ended 30 September 2020 together with the reports of the Directors and auditor thereon; to declare a final dividend of 7.35 pence per ordinary share of the Company; to approve the Directors' remuneration report for the year ended 30 September 2020; to re-elect directors; to re-appoint Ernst & Young LLP as the Company's auditor to hold office until the conclusion of the next AGM the Company at which accounts are laid; and to consider any other matters. Analyst Estimate Surprise Post Earnings • Jan 21
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) missed analyst estimates by 7.9%. Over the next year, revenue is forecast to grow 28% compared to a 8.9% decline forecast for the Real Estate industry in the United Kingdom.