Progressive publishes new research
On track for FY forecasts driven by rush to rentResidential-for-rent developer and manager Watkin Jones has confirmed it is on track to meet FY2022E expectations of rising profits in today's interim results, which showed an 8% rise in revenue and a temporary decline in adjusted PBT, reflecting previously signalled timing and mix of sales. We are maintaining our estimates for FY2022E-23E, which show 21% compound growth in PBT. Longer term, we expect further growth fuelled by increasing demand for rental property from tenants and international investors. |
Subscribe to Progressive's research, which is freely available to every type of investor, and be kept informed about our regular programme of investor engagement.
About Progressive:
Progressive helps you make informed investment decisions. FCA authorised and regulated, and with a 15-strong team of highly experienced analysts, we provide freely available institutional grade equity research and access to company management teams across every sector of the market.
|
Broad coverage
|
Analyst calibre
|
|||
|
across 12 sectors |
|
|
|
|
|
|
|
|
|
|
|
Business Services |
Oil & Gas |
15 |
with average |
20
|
|
Financials |
Property |
experience of |
||
|
Healthcare |
Retail |
|
||
|
Industrials |
Technology |
30+ |
|
techMARK |
|
Investment Trusts |
Telecoms |
industry based |
Extel |
|
|
Mining |
Utilities |
awards |
StarMine |
|
For further information please contact:
Keith Hodgskiss
+44 (0) 20 7781 5300
khodgskiss@progressive-research.com
Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 2 hours ago Alphawave IP Group
- 3 hours ago WH Smith
- 4 hours ago Staffline Group
- 4 hours ago Manchester & London Investment Trust
- 4 hours ago Associated British Foods