Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Less than two months ago with half-year ended 31st March 2023 results, company describing itself as “the UK's leading developer and manager of residential for rent” Watkin Jones (WJG) stated that it “expected that H2-23 will be materially stronger than H1-23, with forward sales adding to performance from in-build developments”. So good news from a trading update today then? Er, the shares are currently down more than 37% to around 50p in response!
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