Hunters Property (HUNT)

Sector:

Real Estate

Index:

FTSE AIM All-Share

67.50p
   
  • Change Today:
    -2.00p
  • 52 Week High: 74.50
  • 52 Week Low: 33.00
  • Currency: UK Pounds
  • Shares Issued: 32.50m
  • Volume: 4,000
  • Market Cap: £21.94m
  • RiskGrade: 175

Hunters thrives despite challenging market for estate agents

By Duncan Ferris

Date: Thursday 06 Sep 2018

LONDON (ShareCast) - (Sharecast News) - Estate agents Hunters Property on Thursday reported an increase in first-half profits after adding eight branches to its network and launching a revamped website.
In the six months ended 30 June, the company's profit before tax increased 38% to £0.3m after network income jumped 2% to £17.9m and sales remained unchanged at £6.7m compared to a year ago.

Off the back of the results, the AIM-traded company declared an interim dividend of 0.8p per share, up from 0.7p a year ago.

Glynis Frew, chief executive, said: "We have delivered robust results in the six months to June 2018 against a backdrop of markets that have continued to contract in terms of completed sales transactions which HMRC reported as at June as being down 8.8% as against the same period last year."

Despite the market's depleted sales, Hunters' board expects the company to perform better in the second half of the year and meet expectations of outperforming last year's results over the full 12 months.

Plans to achieve this centre on the addition of new businesses to the company network and the firm's "strong net asset position".

"Our view is that the challenging market is unlikely to improve in the foreseeable future, but our intention is to continue the industry's consolidation. The continuing work and support displayed by our staff and the franchise network is a great credit to the group," said Frew.

At the half year point, the firm's net debt stood at £3m, up 32% compared to the same point last year, while cash and cash equivalents increased by 26% to £1.1m.

Hunters' shares were up 0.51% at 49.50p at 0844 BST.

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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.

 

HUNT Market Data

Currency UK Pounds
Share Price 67.50p
Change Today -2.00p
% Change -2.88 %
52 Week High 74.50
52 Week Low 33.00
Volume 4,000
Shares Issued 32.50m
Market Cap £21.94m
RiskGrade 175

HUNT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
53.28% below the market average53.28% below the market average53.28% below the market average53.28% below the market average53.28% below the market average
55.17% below the sector average55.17% below the sector average55.17% below the sector average55.17% below the sector average55.17% below the sector average
Price Trend
84.96% above the market average84.96% above the market average84.96% above the market average84.96% above the market average84.96% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Income
40.58% above the market average40.58% above the market average40.58% above the market average40.58% above the market average40.58% above the market average
47.62% above the sector average47.62% above the sector average47.62% above the sector average47.62% above the sector average47.62% above the sector average
Growth
68.14% below the market average68.14% below the market average68.14% below the market average68.14% below the market average68.14% below the market average
35.71% below the sector average35.71% below the sector average35.71% below the sector average35.71% below the sector average35.71% below the sector average

HUNT Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Sep-19 25-Apr-19
Paid 18-Oct-19 22-May-19
Amount 0.87p 1.60p

Trades for 21-Feb-2020

Time Volume / Share Price
11:00 1,500 @ 67.05p
08:51 2,500 @ 67.05p

HUNT Key Personnel

Chair Kevin Paul Hollinrake
CEO Glynis Joan Frew
CFO Edward ("Ed") Anthony Jones
COO Dan Rafferty

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