Winkworth’s H1 results show, as anticipated, a decline versus prior year comparators heavily disrupted by the 3% extra Stamp Duty on second homes in Q1 and the impact of Brexit in June. However, the London-centred sales and lettings agent states it is on-track to meet FY 17 expectations and has maintained its rate of quarterly dividend pay-outs. Moreover, there appear to be tentative signs of stabilisation in London. The group has £3.0m cash and the shares yield 7.2%. Our unchange
13 Sep 2017
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M Winkworth plc (WINK:LON) | 175 21.9 7.7% | Mkt Cap: 22.6m
- Published:
13 Sep 2017 -
Author:
Alastair Stewart -
Pages:
7
Winkworth’s H1 results show, as anticipated, a decline versus prior year comparators heavily disrupted by the 3% extra Stamp Duty on second homes in Q1 and the impact of Brexit in June. However, the London-centred sales and lettings agent states it is on-track to meet FY 17 expectations and has maintained its rate of quarterly dividend pay-outs. Moreover, there appear to be tentative signs of stabilisation in London. The group has £3.0m cash and the shares yield 7.2%. Our unchange