M Winkworth Share Discussion Threads

[aleman] 12/3/2021 13:35

That's a fair old jump (mid up 14%) on no news! Is this afters from Wednesday's Foxton results that showed good numbers for London?

[hillofwad] 15/2/2021 13:42

With a huge belt of investor money being released by the sale of CWD looking for a home in the sector.Why Not WINK /

Ticks a lot of boxes

41.8% owned by 78 year old Simon Agace who surely will be doing some tax planning at his age

With a market cap of a bitezize under £18m surely under the radar of predators eyes

Good reputation and the London branches faring much better than Foxtons or Marsh &Parsons

Somebody could easily kick up here for a nationwide rollout and it does not have to be franchised

[aleman] 29/10/2020 09:49

Mortgage lending hits 13 year high as 91.5k mortgages approved.

[trustman] 26/10/2020 20:52

4.5% yield-and £3m+ cash!

[aleman] 29/9/2020 12:41

It seems odd for the shares to fall on the day they announce the largest number of mortgage approvals for house purchase in 13 years.

[aleman] 09/9/2020 10:29

Seems pretty solid and looking to continue expansion. Sounds like a strong H2 in progress so maybe a return of capital coming again unless Covid gets in the way.

[trustman] 09/9/2020 10:25

Solid interims-cash balance accruing nicely; dividend payer.

[trustman] 17/7/2020 11:13

I'm a biased fan; if they are paying a dividend now I'm hoping for more as the year progresses!

[aleman] 15/7/2020 12:32

Another modest quarterly dividend reduction. I don't mind this. The company seems to be paying out in line with cash generation. It got worse in lockdown but was better than expected and the market has recovered a bit better than expected. The company made a profit in H1, net cash remains above £3m, and it sounds like they might have gained market share. Now we have a stamp duty holiday which should boost the lower end of the market, but volume feeds up the chain so it will help a bit. Barring more lockdown disruptions, the business seems to be on an even keel. The question is whether the dividend remains flat a few quarters or recovers. Presumably that depends on whether the market continues to improve or not. Lots could change. So far so good ....

[aleman] 11/6/2020 12:57

Might not be sustainable?

[aleman] 10/6/2020 11:57

The lettings market has bounced back faster than the home sales market, according to the upmarket estate agent Knight Frank. It says that the number of valuation appraisals for lettings properties jumped to a record high in the week to 6 June, and was 19% above the five-year average. The weekly number of tenants looking to move was 40% above the five-year average.

Viewings to buy are still down around 1/4.

[aleman] 02/6/2020 21:39

Not there yet but the property market looks to be trying to get quickly back to business.

[trustman] 30/5/2020 08:13

AS a recent purchaser I am hopeful that with this stock so tightly held,
the family showing interest, a nice cash position, and a disposition to pay a good dividend this stock will be recognised more widely.
My concern is the lack of liquidity and the very wide spread; the other side of that coin however is that a more positive view oft he stock could result in sharp price movement.

[aleman] 13/5/2020 11:46

Infection rates in Geneva will be well above 10% now, also suggesting a second wave there is likely to be less severe - like the UK, New York and Sweden.



Lebanon has had to lock down again, but they avoided the first wave. Deaths per million population there stand at only 4 versus 482 for the UK. They will have not have 10%+ immunity. Probably more like only 1%.





So we could be over the worst for the virus in the UK but what about the housing market's prospects if we slowly unlock?



Our research for the period of 11 March to 14 April shows that average mortgage rates for all loan-to-value (LTV) ranges, all interest rate types and all deal terms, have reduced from an overall average of 2.59% to 2.41%.

[aleman] 12/5/2020 19:56

They said in yesterday's Covid-19 press briefing that antibody tests showed London had 10% positive infections 5 weeks ago. Social spacing and rising immunity of that level would not stop a second wave but it would limit its size to something rather smaller than the first. Given the results suggest the first lockdown was excessively sharp, restrictions for a second wave should be much lighter. It might even just consist of making everyone wear masks now we have them.

But, given this government so far, who knows?

(Germany has had two spikes that weren't. They were most likely just statistical quirks in a dodgy R number on the back of dodgy swab testing regimes. There's too much error in swab testing to generate accurate data (so why are we still trying to?). The clue is when they say the UK's R on Sunday was somewhere between 0.5 and 0.9. = we don't really know if the compass on this ship is working so keep following that seagull.)

[euclid5] 12/5/2020 19:27

Dominic Raab has warned that the UK would have to endure a second lockdown if it eases current restrictions too early.

Speaking at today’s press conference, the Foreign Secretary said: ‘A second spike would be harmful to public health and it would result in many more deaths from Covid-19, that itself would lead to a second lockdown inflicting further prolonged economic pain on the country. ‘ Quoting Bank of England governor Andrew Bailey, he said this wouldn’t just be ‘economically dangerous’, but would ‘inflict a serious blow to public confidence.’

He said a second spike was not a ‘theoretical risk’, pointing to figures from Germany suggesting cases have risen since Chancellor Angela Merkel has losened lockdown.

[aleman] 12/5/2020 19:23

The housing market has been given the green light to reopen after the Government announced it would lift the ban on property viewings and valuations taking place.

From Wednesday May 13, people will be allowed to travel to visit estate agents, letting agents or show homes. House buyers will also be permitted to view residential properties they wish to buy or rent.

[euclid5] 12/5/2020 19:13

Dominic Agace, Chief Executive of Winkworth, says “The agents at Winkworth are continuing to work from home and are using virtual viewings and video appraisals to keep business moving. However, the key to keeping the second-hand and new build homes markets active is for banks to allow valuers to go back to work to allow mortgages to progress.

This could be done with strict social distancing, hygiene and wearing of masks and other protective clothing rules in place. The Government needs to consider this as a priority.”

hxxps://thenegotiator.co.uk/boris-plan-published-today-ignores-property-industry/

[euclid5] 12/5/2020 19:12

You sure about that Aleman, have another think and read

Estate agents and letting agents

Agents fall under the non-essential retail category, according to the guidelines. While they can continue to carry out business remotely at present, they must also stick to social distancing measures. Many are operating on reduced staff numbers, speaking with clients via phone, email and other means.

However, as mentioned above, this sector is likely to fall under the ‘Step Two’ bracket. This means changes could be on their way from 1st June. The government is due to announce which non-essential retailers will be first to reopen when the day comes. Of course, many in the industry are calling for estate agents to be a priority.

[aleman] 12/5/2020 19:01

The new regulation confirms that garden centres can open - and that people can visit estate agents and view homes they want to buy or rent.

[aleman] 11/4/2020 13:04

WINK's strong balance sheet to see purchase of managed tenancy books from distressed sellers? (from 49:30)