M Winkworth (WINK)

Sector:

Real Estate

Index:

FTSE AIM All-Share

172.50p
   
  • Change Today:
      3.50p
  • 52 Week High: 175.00
  • 52 Week Low: 105.00
  • Currency: UK Pounds
  • Shares Issued: 12.73m
  • Volume: 6,590
  • Market Cap: £21.96m

Winkworth sees FY profit 'slightly ahead' despite challenging market

By Michele Maatouk

Date: Wednesday 16 Jan 2019

LONDON (ShareCast) - (Sharecast News) - AIM-listed estate agent Winkworth reported a rise in full-year total revenue on Wednesday and said full-year profit should be "slightly ahead" of 2017 despite a challenging market.
In an update for the year to the 31 December 2018, the company said the UK residential sales market continued to be challenging amid low stock availability. Prime central London prices stabilised around 15-20% below the peak levels seen in 2014, while prices in greater London slipped by as much as 10%.

Winkworth said that while the number of transactions in London remained weak, it ranked second by number of exchanges and third by number of new listings according to data collated by TwentyCI.

Despite rental prices being broadly flat for the year, the company said it achieved a further increase in revenue from its lettings and management business, which now accounts for half of group turnover.

Total revenues for 2018 rose on the previous year and are expected to be within 5% of market expectations, while pre-tax profits are expected to be higher than in 2017 and slightly ahead of expectations of £1.4m.

Chief executive officer Dominic Agace said: "We are proud of what the group was able to achieve in 2018 in a market still suffering from uncertainty, and this is further testimony to the hard work and dedication of our franchisees.

"While the outlook remains hard to forecast, the market fundamentals remain sound with interest rates low, real wage growth and record levels of employment. We are encouraged by the sharp increase in applicants on our site for both property purchases and rentals seen in December."

At 0920 GMT, the shares were up 2.6% to 112.90p.



Email this article to a friend

or share it with one of these popular networks:


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

 

M Winkworth Market Data

Currency UK Pounds
Share Price 172.50p
Change Today 3.50p
% Change 2.07 %
52 Week High 175.00
52 Week Low 105.00
Volume 6,590
Shares Issued 12.73m
Market Cap £21.96m

M Winkworth Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
50.91% below the market average50.91% below the market average50.91% below the market average50.91% below the market average50.91% below the market average
41.38% below the sector average41.38% below the sector average41.38% below the sector average41.38% below the sector average41.38% below the sector average
Price Trend
89.46% above the market average89.46% above the market average89.46% above the market average89.46% above the market average89.46% above the market average
76.67% above the sector average76.67% above the sector average76.67% above the sector average76.67% above the sector average76.67% above the sector average
Income
59.60% above the market average59.60% above the market average59.60% above the market average59.60% above the market average59.60% above the market average
76.19% above the sector average76.19% above the sector average76.19% above the sector average76.19% above the sector average76.19% above the sector average
Growth
65.47% below the market average65.47% below the market average65.47% below the market average65.47% below the market average65.47% below the market average
28.57% below the sector average28.57% below the sector average28.57% below the sector average28.57% below the sector average28.57% below the sector average

M Winkworth Dividends

  Latest Previous
  Q4 Q3
Ex-Div 23-Jan-20 24-Oct-19
Paid 20-Feb-20 21-Nov-19
Amount 2.10p 1.90p

Trades for 17-Feb-2020

Time Volume / Share Price
11:39 2,860 @ 175.00p
11:03 84 @ 172.00p
11:00 2,146 @ 168.00p
10:16 1,500 @ 172.00p

M Winkworth Key Personnel

CEO Dominic Agace
CFO Andrew Nicol

Top of Page