WJG is the 10th largest holding in my portfolio at an average price of 39p. I believe the Trading Update in August to prepare the market that they weren’t going to achieve the revenue they’d previously expected. As you say, investors were holding off committing and WJG weren’t dropping their prices to match. There is an impasse until predicted interest rates materialise or expectations change.
I thought they’d settled the cladding issues. Bit of a blow to hear there’s still £46m outstanding.
Still happy with my position. Seems like a company with good track record and in demand sector. I’m not seeing this years drop to 26p. On a happy day for AIM they have once again fallen.
WJG is the 10th largest holding in my portfolio at an average price of 39p. I believe the Trading Update in August to prepare the market that they weren’t going to achieve the revenue they’d previously expected. As you say, investors were holding off committing and WJG weren’t dropping their prices to match. There is an impasse until predicted interest rates materialise or expectations change.
I thought they’d settled the cladding issues. Bit of a blow to hear there’s still £46m outstanding.
Still happy with my position. Seems like a company with good track record and in demand sector. I’m not seeing this years drop to 26p. On a happy day for AIM they have once again fallen.
🤷♂️
I was going back over the rationale and the drop makes this astonishingly good value
Now down to 23p… go figure
Nice write up Oak! As you say it's very cheap but a waiting game for all the pieces to come together and the value trap becomes a growth engine :)