For professional investors, volatility begets opportunity. In fact 2 days ago, the FTSE100 tumbled 3.2% on the back of indiscriminate selling from algos and programmatic traders, with only 2 companies closing in the green. So how do you take advantage of these wild swings? One approach is to keep a shopping list of premium, dividend paying stocks to ‘buy & hold’ for the long term. Take Watkin Jones, who yesterday announced a clutch of new property deals and pipeline updates, involving 2,532 PBSA beds, 431 BtR units and 88 residential appts (see below).
Here we reckon WJG’s total PBSA pipeline (see below) now comprises circa 22 sites, from which >9,100 beds are anticipated to be delivered between FY19-22. And secondly that the 2,606 slated for FY20 have all been forward funded, with the Fresh lettings division contracted to manage the 2 sites sold to Arlington in Chester.