Research on Watkin Jones (WJG) from Progressive Equity Research
Watkin Jones highlights its continued diversification strategy in the face of rental sector challenges in today’s update for the year to 30 September 2026. As stated in its Q3 update, a small number of transactions had the potential to complete in Q4, but the Board now concludes it is unlikely that all of them will be finalised by the year-end, with the FY26E adjusted operating profit likely to match the first half. However, net cash should exceed the £61m at the half year and the group remains ‘well positioned to capitalise on the attractive long-term fundamentals’ of private rental.
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