Watkin Jones plc Progressive publishes new research

TIDMWJG

Watkin Jones plc

17 May 2022

 
On track for FY forecasts driven by rush to rent 
 Residential-for-rent developer and manager Watkin Jones has confirmed it is on track to meet 
 FY2022E expectations of rising profits in today's interim results, which showed an 8% rise 
 in revenue and a temporary decline in adjusted PBT, reflecting previously signalled timing 
 and mix of sales. We are maintaining our estimates for FY2022E-23E, which show 21% compound 
 growth in PBT. Longer term, we expect further growth fuelled by increasing demand for rental 
 property from tenants and international investors.

Click here for full analysis

Subscribe to Progressive's research, which is freely available to every type of investor, and be kept informed about our regular programme of investor engagement.

About Progressive:

Progressive helps you make informed investment decisions. FCA authorised and regulated, and with a 15-strong team of highly experienced analysts, we provide freely available institutional grade equity research and access to company management teams across every sector of the market.

www.progressive-research.com

 
       Broad coverage                   Analyst calibre 
      across 12 sectors 
 
Business Services  Oil & Gas      15      with average     20 
                                analysts                  years 
   Financials       Property               experience 
                                               of 
   Healthcare        Retail 
   Industrials     Technology     30+                   techMARK 
Investment Trusts   Telecoms                industry     Extel 
                                              based 
     Mining        Utilities                 awards     StarMine

For further information please contact:

Keith Hodgskiss

+44 (0) 20 7781 5300

khodgskiss@progressive-research.com

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word "Reach" in the source column of the News Explorer pages of London Stock Exchange's website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRAARMRTMTIBMRT

(END) Dow Jones Newswires

May 17, 2022 11:53 ET (15:53 GMT)

Watkin Jones (LSE:WJG)
Historical Stock Chart
From Apr 2024 to May 2024