The London and South East focused sales and lettings agent has proposed a £1.146m return of capital, worth 9p a share. This return of surplus funds reflects the low capital requirements and positive cashflow of the group’s franchising model, which also allows it to pay a steady stream of dividends, yielding a forecast 6% for FY2018. This is against a backdrop of what we see as of encouraging evidence of improving transaction volumes in the capital.
22 Jun 2018
Capital return
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Capital return
M Winkworth plc (WINK:LON) | 162 0 0.0% | Mkt Cap: 21.0m
- Published:
22 Jun 2018 -
Author:
Alastair Stewart -
Pages:
2
The London and South East focused sales and lettings agent has proposed a £1.146m return of capital, worth 9p a share. This return of surplus funds reflects the low capital requirements and positive cashflow of the group’s franchising model, which also allows it to pay a steady stream of dividends, yielding a forecast 6% for FY2018. This is against a backdrop of what we see as of encouraging evidence of improving transaction volumes in the capital.