Wynnstay Properties (WSP)

Sector:

Real Estate

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 570.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 600.00
  • 52 Week Low: 550.00
  • Currency: UK Pounds
  • Shares Issued: 3.16m
  • Volume: 0
  • Market Cap: £17.99m
  • RiskGrade: 41
  • Beta: 0.00

Wynnstay Properties records drop in profits despite increased property income

By Duncan Ferris

Date: Thursday 14 Jun 2018

LONDON (ShareCast) - (Sharecast News) - Property investment firm Wynnstay Properties on Thursday revealed a drop in profits, despite an increase in property income due to new acquisitions in its financial year ended 25 March.
The AIM-traded company saw its pretax profit drop by 6% to £3m compared to the previous year due to a smaller movement in the fair value of investment properties at £1.6m from £2.2m.

Conversely, Wynnstay's property income rose by 7.6% to £2.2m, with contributing factors being rent increases at an office property in Surbiton, as well as estates on Aylesford and Liphook.

The company finished its financial year with cash at £1.43m and borrowings of £10.24m, up from £11.34m the previous year.

Wynnstay proposed a dividend of 17.50 pence per share, up 11% from 15.75p the previous year.

Philip Collins, chairman of Wynnstay Properties, said: "We remain confident of Wynnstay's future as a niche property investment company. However, we feel that it is appropriate to be cautious, avoiding over-expansion or over-paying for acquisitions, and to take a measured approach in continuing to develop and build Wynnstay's portfolio."

The chairman highlighted that the company's results follow six successive years of capital, income and dividend growth, casting some blame towards the current political uncertainty in the UK.

"The continued growth of the UK domestic economy with its many successful small businesses is important to the commercial property market. Reform of the present system of business rates and the heavy costs of property transactions arising from recent increases in stamp duty are substantial impediments to the growth of small businesses and need to be addressed," said Collins.

As of 1610 BST, Wynnstay Properties' shares were unchanged at 575.00p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

WSP Market Data

Currency UK Pounds
Share Price 570.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 600.00
52 Week Low 550.00
Volume 0
Shares Issued 3.16m
Market Cap £17.99m
Beta 0.00
RiskGrade 41

WSP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
81.11% above the market average81.11% above the market average81.11% above the market average81.11% above the market average81.11% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average
Price Trend
53.01% above the market average53.01% above the market average53.01% above the market average53.01% above the market average53.01% above the market average
43.33% above the sector average43.33% above the sector average43.33% above the sector average43.33% above the sector average43.33% above the sector average
Income
46.06% above the market average46.06% above the market average46.06% above the market average46.06% above the market average46.06% above the market average
35.00% above the sector average35.00% above the sector average35.00% above the sector average35.00% above the sector average35.00% above the sector average
Growth
75.46% below the market average75.46% below the market average75.46% below the market average75.46% below the market average75.46% below the market average
40.35% below the sector average40.35% below the sector average40.35% below the sector average40.35% below the sector average40.35% below the sector average

WSP Dividends

  Latest Previous
  Final Interim
Ex-Div 20-Jun-19 22-Nov-18
Paid 19-Jul-19 21-Dec-18
Amount 12.00p 7.00p

Trades for --2019

Time Volume / Share Price
0 @ 0.000p

WSP Key Personnel

Finance Director Toby Parker

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