Share Name Share Symbol Market Type Share ISIN Share Description
M Winkworth Plc LSE:WINK London Ordinary Share GB00B4TT7L53 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 197.00 190.00 204.00 197.00 197.00 197.00 2,077 07:44:30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 6.4 1.5 9.2 21.5 25

M Winkworth Share Discussion Threads

Showing 76 to 92 of 150 messages
Chat Pages: 6  5  4  3  2  1
House prices pick up slightly as London activity increases. Https:// Also from the Guardian: Lucy Pendleton of estate agents James Pendleton: “Contributing to the pick up in the annual pace of growth is the London market, which has started to bubble away again. “In the capital, a big jump in the number of sales going to best-and-final offers is going hand in hand with increasing footfall through front doors as buyers’ appetites return.
ONS has average London house price jumping from £457k in May to £473k in September, which backs up comments by some estate agents saying there was signs of a bit more interest in the capital. There are signs in some regions of a summer pick up but the annual number is still weak due to falls in previous seasons that have yet to drop out.
Not bad results for a difficult market. Cash fell £0.653m but that's after a return of capital to shareholders of £1.15m. Current liabilities fell a touch and receivables were nearly flat so that's a very good showing really, in that they suggest an ability to generate slightly more than the £500k cash added over 12 months AFTER dividend and adjusting for capital return. It suggests room for a dividend rise or maybe another return of capital in a couple of years. Of course, that's if things remained the same, which they no doubt will not. Still slowly expanding the number of offices, too. Should do well if the bouncing along the bottom the housing market ever turns into a recovery. Meanwhile, seems to be generating plenty of cash from a mediocre market.
Interim results will probably be next week.
It's interesting to read that Hunters' interim profit was boosted from £857k to £1.1m by IFRS accounting changes (IFRS 16 mentioned specifically). However, their underlying operating cashflow was up about 30% anyway, so they are doing well. They raised the interim dividend 9%.
Hard to say. It certainly won't help but would it actually stifle the nascent signs of a recovery? Maybe. The RICS survey actually shows that weak prices have started to stimulate activity all across the south and rents are strong. Https://
I would have thought woes in the City will hold back London Deutsche Bank lay offs..most of whom unlikely to find new jobs .
Rental market looking stronger. London sales market not quite as weak and signs shortage of stock is lifting prices in some areas and drawing a few more out to sell. Https://
A month ago, WINK said it was sensing pent up demand, waiting for more certainty. As prices have declined over the last few years, we have noticed a consistent increase in applicants and so a pent-up demand that has not yet flowed through to a rise in sales. This is partly attributable to changing political dynamics creating uncertainty and holding transaction levels back. So long as political uncertainty dominates the news we anticipate that this will remain the case. However, when we eventually enter a period of relative stability we would expect the market to unlock, with sellers coming forward and buying demand feeding through to increased transactions, albeit without significant price increases due to affordability and tax changes. In lettings we anticipate strong levels of demand to continue to be driven by young professionals. Today, we have another report suggesting signs of the market picking up as those wanting to move can hold off no longer. Chestertons say it's their best start to a year since 2014. Https://
Foxtons shares up 20% in the last couple of weeks.
2018 slightly ahead of expectations and a slight dividend increase to 1.9p. What a pleasant contrast to the news I've been getting from most of my other small caps.
Foxtons have reported a slightly improved, flat Q3 trading update, as strengthening lettings offset sales revenue that was only down slightly. They have been reducing costs by closing branches so there could be a slight benefit for Winkworth on top of the slightly better market trend.
In the context of the return on capital, it might be worth a reminder that Simon Agace (Chairman) owns 43.5% of shares and Dominic Agace (CEO) owns another 5%. I am not complaining though.
There's a little update on the end of the return of capital confirmation. Dominic Agace, CEO of the Company, commented: "Winkworth continues to be cash generative and has a strong balance sheet, so we welcome this opportunity to return excess capital to shareholders. It remains the Company's policy, market conditions permitting, to make quarterly dividend payments, and we declared a second quarter dividend on 18 July. While the sales market remains challenging, our lettings business has started the year strongly and we continue to grow our franchise network."
I reckon the return of surplus capital equates to 9.0p. Http://
I've topped up. The shares are cautiously rated even though the company is still expanding its office numbers at minimal cost and disruption. The latest rightmove survey says London sales volumes were -5.0% in May, compared to a YTD of -6.5%. Although prices are down for the 10th month in the capital, it agrees with other surveys/Foxtons which indicate lower prices might be starting to stimulate slightly more activity. Https://
Foxtons update - recent improvement seen: Conditions in the London property market remain very challenging with sales volumes lower than prior year. Foxtons entered 2018 with a lower sales pipeline compared to the same point last year and this resulted in lower levels of activity in the quarter. Performance in lettings was impacted by a slow start to January and the timing of Easter, which had a negative effect on revenue. In the first quarter of 2018 group revenue was GBP24.5m compared to GBP28.7m in the first quarter of last year. This comprised sales revenue of GBP8.2m (2017: GBP11.1m), lettings revenues of GBP14.3m (2017: GBP15.5m), and Alexander Hall mortgage revenue of GBP2.0m (2017: GBP2.1m). Whilst the sales pipeline has begun to improve it remains below where it was this time last year. The performance of our lettings business improved towards the end of the quarter and throughout April. Foxtons remains in a strong financial position with a net cash balance.
Chat Pages: 6  5  4  3  2  1
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