Residential for rent developer and manager Watkin Jones traded strongly in H1 but faces inevitable disruption on its student housing and build-to-rent developments, according to last week’s pre-close update. However, we believe its established defensive qualities are demonstrated by its net cash position, forward sold position and ‘capital-light’ model. Although it has withdrawn guidance, we believe it is strongly placed to return to growth when the virus abates and could ex
07 Apr 2020
Defensive in the face of Coronavirus threat
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Defensive in the face of Coronavirus threat
Watkin Jones Plc (WJG:LON) | 42.7 0 0.0% | Mkt Cap: 109.7m
- Published:
07 Apr 2020 -
Author:
Alastair Stewart -
Pages:
6
Residential for rent developer and manager Watkin Jones traded strongly in H1 but faces inevitable disruption on its student housing and build-to-rent developments, according to last week’s pre-close update. However, we believe its established defensive qualities are demonstrated by its net cash position, forward sold position and ‘capital-light’ model. Although it has withdrawn guidance, we believe it is strongly placed to return to growth when the virus abates and could ex