Transaction volumes rose by 8% YoY last year in Winkworth’s central London operations despite “testing” market conditions as sellers accepted lower offers. Revenues and profits fell by around 3% – in line with our estimates – but cashflow exceeded our expectations. We have not made material changes to our FY2018 estimates, but see scope for the company to utilise its relatively strong balance sheet at a point when indebted competitors are struggling. It yields 6.
28 Mar 2018
Central London scores top in ‘testing’ market
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Central London scores top in ‘testing’ market
M Winkworth plc (WINK:LON) | 162 0 0.0% | Mkt Cap: 21.0m
- Published:
28 Mar 2018 -
Author:
Alastair Stewart -
Pages:
6
Transaction volumes rose by 8% YoY last year in Winkworth’s central London operations despite “testing” market conditions as sellers accepted lower offers. Revenues and profits fell by around 3% – in line with our estimates – but cashflow exceeded our expectations. We have not made material changes to our FY2018 estimates, but see scope for the company to utilise its relatively strong balance sheet at a point when indebted competitors are struggling. It yields 6.