London and Home Counties estate agent Winkworth yesterday indicated that, due to slower than anticipated autumn trading, full year revenues and profits for 2016 would be “moderately below” market expectations. We have cut our EPS estimate for 2016 by 10% and a possibly conservative 21% for 2017, but have raised our dividend forecasts to reflect a higher pay-out than we had projected. We do not see the softer market as being a surprise and maintain our positive stance on the franch
11 Nov 2016
London slowdown signalled
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London slowdown signalled
M Winkworth plc (WINK:LON) | 175 7 2.3% | Mkt Cap: 22.6m
- Published:
11 Nov 2016 -
Author:
Alastair Stewart -
Pages:
5
London and Home Counties estate agent Winkworth yesterday indicated that, due to slower than anticipated autumn trading, full year revenues and profits for 2016 would be “moderately below” market expectations. We have cut our EPS estimate for 2016 by 10% and a possibly conservative 21% for 2017, but have raised our dividend forecasts to reflect a higher pay-out than we had projected. We do not see the softer market as being a surprise and maintain our positive stance on the franch