Watkin Jones confident in outlook, citing earnings visibility

17th Nov 2016 11:43

(ShareCast News) - Property developer Watkin Jones said it remains confident in its outlook, noting the company's development pipeline provides excellent visibility of earnings and cash flow.Directors believed the company would report a successful financial year with trading in line with expectations."It has been a busy year for the Group and excellent progress has been made," said chief executive Mark Watkin Jones in a statement."Not only have we delivered 3,819 beds across ten sites in the UK, but we have also successfully made the transition to being a public company," he added."Our performance in the year reinforces the attractiveness of our end-to-end business model to investors, whilst our development pipeline continues to provide excellent visibility of earnings and cashflow."At about 11:06 GMT, shares in Watkin Jones were up 1.7% to 120p.