Watkin Jones set to rebuild confidence

Residential and student accommodation developer Watkin Jones (LON: WJG) was hit hard by Covid-19 after-effects but the share price has started to recover. The full year figures have been well-flagged, but the trading statement on Tuesday 19 January should clarify the prospects for the operations.

Pre-tax profit is expected to decline from £50.2m to £45m. Net cash was £90m at the end of September 2020 and this will enable the company to pay a dividend twice covered by earnings. That suggests ...

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Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.