IN BRIEF: M Winkworth Profit To Fall; Enters New Year With Momentum

M Winkworth PLC - residential real estate agencies franchiser headquartered in London - Says ...

Alliance News 13 January, 2021 | 8:25PM
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M Winkworth PLC - residential real estate agencies franchiser headquartered in London - Says second half of 2020 remained strong after post-lockdown "boom", which was fuelled by stamp duty holiday.

Revenue for 2020 "broadly flat" on 2019 and pretax profit expected to be lower, with total dividend for year reduced by around 15%. Will pay dividend of 1.8 pence for fourth quarter, bringing total dividends declared for the year to 6.68p, down from 7.8p the year before.

"We are relieved that estate agencies are to remain open for business during the current lockdown and with our Q4 2020 sales applications up 44% and lettings applications up 12% year-on-year, and with a record pipeline of sales still to feed through to trading in Q1 2021, we have entered the current year with considerable momentum," company says.

Current stock price: 147.50 pence

Year-to-date change: up 3.5%

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
M Winkworth PLC 147.50 GBX 0.00 -

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