Hunters Property (HUNT)

Sector:

Real Estate

Index:

FTSE AIM All-Share

 42.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 49.60p
  • 52 Week Low: 33.00p
  • Currency: UK Pounds
  • Shares Issued: 32.50m
  • Volume: 0
  • Market Cap: £13.65m
  • RiskGrade: 160
  • Beta: 0.00

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.

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.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

HUNT Market Data

Currency UK Pounds
Share Price 42.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 49.60p
52 Week Low 33.00p
Volume 0
Shares Issued 32.50m
Market Cap £13.65m
Beta 0.00
RiskGrade 160

HUNT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
27.9% below the market average27.9% below the market average27.9% below the market average27.9% below the market average27.9% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Price Trend
5.2% below the market average5.2% below the market average5.2% below the market average5.2% below the market average5.2% below the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Income
55.58% above the market average55.58% above the market average55.58% above the market average55.58% above the market average55.58% above the market average
56.10% above the sector average56.10% above the sector average56.10% above the sector average56.10% above the sector average56.10% above the sector average
Growth
69.95% below the market average69.95% below the market average69.95% below the market average69.95% below the market average69.95% below the market average
22.81% below the sector average22.81% below the sector average22.81% below the sector average22.81% below the sector average22.81% 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 --2019

Time Volume / Share Price
0 @ 0.000p

HUNT Key Personnel

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

Top of Page