M Winkworth (WINK)

Sector:

Real Estate

Index:

FTSE AIM All-Share

200.00p
   
  • Change Today:
      5.00p
  • 52 Week High: 208.00
  • 52 Week Low: 132.00
  • Currency: UK Pounds
  • Shares Issued: 12.91m
  • Volume: 7,614
  • Market Cap: £25.82m

Winkworth shares plunge after profit warning on weak housing sales

By Frank Prenesti

Date: Wednesday 12 Jul 2023

LONDON (ShareCast) - (Sharecast News) - Shares in UK estate agent Winkworth plunged on Wednesday as the company issued a profit warning due to a slump in house sales.
Rising interest rates have started squeezing the mortgage market and Winkworth said this had led to a 20% fall in sales compared with the first half of last year with earnings expected to "fall below market expectations".

Two-year fixed mortgages have already passed those after the disastrous mini-Budget of former prime minister Lizz Truss last September.

The only bright spot for the agent was its lettings business, up 20% in the half, as buyers were forced into the rental market.to rent

"While the directors believe that confidence will return once buyers can access a broader choice of mortgage finance, the outlook for sales in the second half of the year remains uncertain," the company said in a statement.

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

M Winkworth Market Data

Currency UK Pounds
Share Price 200.00p
Change Today 5.00p
% Change 2.56 %
52 Week High 208.00
52 Week Low 132.00
Volume 7,614
Shares Issued 12.91m
Market Cap £25.82m

M Winkworth Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
37.50% above the market average37.50% above the market average37.50% above the market average37.50% above the market average37.50% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Price Trend
76.89% above the market average76.89% above the market average76.89% above the market average76.89% above the market average76.89% above the market average
80.95% above the sector average80.95% above the sector average80.95% above the sector average80.95% above the sector average80.95% above the sector average
Income
82.09% above the market average82.09% above the market average82.09% above the market average82.09% above the market average82.09% above the market average
72.41% above the sector average72.41% above the sector average72.41% above the sector average72.41% above the sector average72.41% above the sector average
Growth
69.43% below the market average69.43% below the market average69.43% below the market average69.43% below the market average69.43% below the market average
36.84% below the sector average36.84% below the sector average36.84% below the sector average36.84% below the sector average36.84% below the sector average

M Winkworth Dividends

  Latest Previous
  Q1 Q4
Ex-Div 18-Apr-24 18-Jan-24
Paid 16-May-24 15-Feb-24
Amount 3.00p 3.00p

Trades for 14-Jun-2024

Time Volume / Share Price
16:35 1 @ 190.00p
16:35 10 @ 200.00p
16:35 10 @ 200.00p
16:27 1,986 @ 191.60p
11:16 3,000 @ 192.00p

M Winkworth Key Personnel

CEO Dominic Agace
CFO Andrew Nicol

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