The franchised sales and lettings agent has signalled that FY 2018 PBT will be “slightly ahead” of expectations even though its core London market continued to see weak transactions. Interestingly, there was a “sharp increase” in applications during December. We have marginally nudged up our PBT and EPS estimates, while trimming our revenue expectations. The group remains cash positive even after the £1.1m return of capital during the year and the stock, which yi
16 Jan 2019
Better margins edge up profit expectations
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Better margins edge up profit expectations
M Winkworth plc (WINK:LON) | 162 0 0.0% | Mkt Cap: 21.0m
- Published:
16 Jan 2019 -
Author:
Alastair Stewart -
Pages:
2
The franchised sales and lettings agent has signalled that FY 2018 PBT will be “slightly ahead” of expectations even though its core London market continued to see weak transactions. Interestingly, there was a “sharp increase” in applications during December. We have marginally nudged up our PBT and EPS estimates, while trimming our revenue expectations. The group remains cash positive even after the £1.1m return of capital during the year and the stock, which yi