M Winkworth Plc

0.00 (0.0%)
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 Shares Traded Last Trade
  0.00 0.0% 167.50 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
165.00 170.00 167.50 167.50 167.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Agents & Mgrs 9.31 1.95 15.30 11.17 21.33
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 167.50 GBX

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M Winkworth Forums and Chat

Date Time Title Posts
06/11/202214:37M WINKWORTH154
02/2/200417:59Wink-Wink Franchise Opportunity-
02/2/200401:37Wink-Wink Franchise Opportunity-
01/2/200413:51Wink-Wink Franchise Opportunity-

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M Winkworth (WINK) Most Recent Trades

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M Winkworth (WINK) Top Chat Posts

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Posted at 06/11/2022 14:37 by tmfmayn
M WINKWORTH: Yield Approaches 7% Despite Acceptable H1 2022, Quarterly Dividends Lifted 23% And Confidence Towards £2m Profit Forecast #WINK

"The board therefore has good reason to ensure the dividend is sustained during any difficult times."


Posted at 12/10/2022 07:52 by pireric
Trading in the third quarter of the financial year was good, with a sharp increase in sales year-on-year due in part to an overhang of uncompleted transactions from the second quarter, but also as levels of interest remained strong. Lettings showed good growth, held back only by a shortage of available properties, particularly in London.

We have not as yet witnessed a negative impact from the mini-budget on applications and sales and, although higher mortgage rates are likely to put a cap on further price appreciation, we anticipate that an increased supply of properties and persistent strong demand will support transactions for the rest of the current year.

The Directors expect that full year pre-tax profits will be at least in line with the market forecast of GBP2.1m.


Posted at 07/9/2022 15:19 by km18
Winkworth plc posted Interims for HY2022 this morning, results were in line with expectations and show good progress against 2019 but inevitably look soft compared to extraordinary H1 2021 comparative. Network revenues were down by 24% to £27.7 million, Winkworth revenues were down 18% to £4.28 million. Group PBT was down by 46% to £1.07 million, a dividend of 5.4p was declared during the period. CEO Dominic Agace observed, the “business has developed well since the last year of normalised trading in 2019” and the Group “enters the second half with an overhang of unfulfilled business.” Performance is solid but will clearly dip from bumper FY21 numbers. Valuation is pretty reasonable, the business is very high quality, share price is consolidating early year gains near record highs. The macro outlook looks to be the main risk to the share price, the housing sector is directly in the firing line of higher interest rates. And smaller caps generally perform worse in periods of derisking. Certainly a decent company, but a share worth monitoring for the time being...

...from WealthOracle

Posted at 13/8/2022 15:14 by tmfmayn
M WINKWORTH: Outstanding FY 2021 Heralds Promising FY 2022 Following 23% Q1 Dividend Lift And Prospect Of Sales Again Exceeding Lettings #WINK

"Operating profit surged 113% to set WINK’s best-ever yearly performance"


Posted at 16/3/2022 17:01 by km18
...from last year...

Company overview:
Winkworth’s original office opened in 1835 and it is the first estate agency to franchise. The company is traditionally linked to the London market which as we stated above is a major factor for good performance. The strategical advantage Winkworth provides is the brand name, which is of great importance to estate agents, especially in a market such as London. WINK provides the agents with platform accessing compliance, marketing, public relations and admin services. The company has adopted a more organic approach towards growth, with no major acquisitions in the past decade.
Let us begin with the red flags we should be looking. First of all, the ending of stamp duty relief – this has been one of the key drivers of the real estate sector. This will inevitably pull back the volumes in the sector in the coming periods. The other big red flag are interest rates – with demand supported by mortgage rates at 1% this topic requires a lot of analysis and is important to be reviewed regularly. Lastly, the stock itself is quite illiquid with spread at around 1050bps.
To balance off the negativity there are plenty of positives. Although prices of RE may fall in the coming periods the sticky nature of rental income could smooth out the overall performance. In the interim report for 2021 the company is presenting a 92% growth in network revenues to £36.4m which is driven by 195% rise in sales and 11% in lettings.  The growth is channelled to PBT level which is 330% above comparable period at £1.98m. Management is aware of the unsustainable boost in profits coming from the favourable environment for purchases. The backlog of transactions will keep the momentum in H2 and there is a trend to move towards country with lockdowns changing the consumer behaviour. London is expected to rebound in the coming periods as international students start returning.

Short analysis:

Cash is at £4.57m, compared to £4.66m at the end of 2020 mainly due to dividends and non-controlling interest
Net debt negative, as cash covers debt levels
CA/CL = 3.08
Cash ratio = 2.16
P/S TTM = 3.78, which is better than the average for the industry
BV ps (2020) = 41.3, growing at 0.076% CAGR
Operating profit is £1.99m, 4.4x the H1 2020 results
Gross profit Margin is 86.7%, compared to 79.7% for H1 2020...

...from WealthOracleAM

Posted at 06/3/2022 12:53 by tmfmayn
M WINKWORTH: Exceptional H1 Sets New £2m Profit High As Record Quarterly Dividend Plus Third Special Payout Underpin ‘Busy’ FY 2022 #WINK

"WINK managed to convert almost 38% of revenue into profit"


Posted at 08/9/2021 16:17 by aleman
Ok that's interesting and good to know. I did say I'd been through numerous areas and not just Manchester. SE London volumes are down about 60% according to this (again allow several weeks from sale to completion) :


A problem at the moment that I would expect would be incomplete chains. You could have 4 or 5 houses in a chain sold but the house at the top sticking so U/O and SSTC in windows could be a little misleading. I am helping a friend hunt for a house at the moment. It's a very strange market. Our old house sold recently for over the ask at exactly double the price we sold it to the selling owner for, after 6 years. However, she broke the chain by taking it back off the market when she found her +100% windfall could not buy her what she thought it would on the next step.

Posted at 03/6/2021 09:23 by aleman
Foxtons have issued a very strong trading update, though shares are only up slightly as it seems to have been anticipated.

Posted at 07/5/2021 13:40 by aleman
20 trades and a big jump. These have definitely been tipped somewhere or there is some price sensitive news coming. It's unusual for me not to be able to find a tip, even if I can not access it.
Posted at 07/5/2021 09:18 by aleman
A price jump after 8 trades already this morning for a share that's usually more like one or two per day. Has it got a mention somewhere?
M Winkworth share price data is direct from the London Stock Exchange
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