The franchised estate and lettings agent has signalled PBT for FY 17 will be “slightly ahead of expectations” and indicated that the net cash position will beat our estimate despite a “challenging background” in its markets of London and the South East. However, the company has seen improved levels of sales activity in prime Central London (PCL) as well as lettings wider afield. We have nudged up our FY 17 PBT estimate by 5% but maintain our FY 18 assumptions for the t
17 Jan 2018
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M Winkworth plc (WINK:LON) | 175 0 0.0% | Mkt Cap: 22.6m
- Published:
17 Jan 2018 -
Author:
Alastair Stewart -
Pages:
3
The franchised estate and lettings agent has signalled PBT for FY 17 will be “slightly ahead of expectations” and indicated that the net cash position will beat our estimate despite a “challenging background” in its markets of London and the South East. However, the company has seen improved levels of sales activity in prime Central London (PCL) as well as lettings wider afield. We have nudged up our FY 17 PBT estimate by 5% but maintain our FY 18 assumptions for the t