RCS - Watkin Jones plc - Progressive publish new research

Watkin JonesAnnouncement

02/11/2021 09:10

RNS Number : 0509R
  
Watkin Jones plc
  
02 November 2021
  
 





Demand grows in rental and student markets
Residential-for-rent developer and manager Watkin Jones has confirmed in today's trading update that operating profit for the year to September 2021 will be in line with expectations, but that year-end net cash of £125m is £40m ahead of our estimates. We are not changing our FY22E P&L estimates but have increased our net cash in line with the 'beat' for FY21E. The statement precedes today's Capital Markets Day at which WJG will highlight its sustainability and affordable homes strategies against what we see as a backdrop of increasingly supportive build-to-rent and student markets.




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across 12 sectors


 


 


 












 


 


 




Business Services


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15
analysts


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20
years




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Property


experience of




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Industrials


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30+






techMARK




Investment Trusts


Telecoms


industry based


Extel




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Utilities


awards


StarMine



 
 
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