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 ....
02 Nov 2021
Profit ‘in-line’ and cash ‘beat’ in FY21E update
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Profit ‘in-line’ and cash ‘beat’ in FY21E update
Watkin Jones Plc (WJG:LON) | 39.9 0.1 0.8% | Mkt Cap: 102.3m
- Published:
02 Nov 2021 -
Author:
Alastair Stewart -
Pages:
7
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 ....