thirty fifty twenty
28 Mar 2018
at 115p great results i think these results are an incredible performanceprofits are up, there is CASH and CASH flow.... as well as a 6% dividend.WINK are obviously performing well despite the tough market.the BIg advantage they has is as a franchise model.thus they are veyr protected from lower volumes as they just earn the franchsie feesecondly they are able to grow quite easily as there are lots of aspiring entrenpenuers....so they are able to choose the most committed,and then these individuals take the first aspect of business riskEPS will be 9p and i think a P/E of high teens is justified for the business,then add back the CASH to get a valuation closer to 200pthey also talk re industry consolidation so the price should also hold a bid premiumseems like a steady buy and a 6% divi yield to tide over for a couple of years.All IMHO, DYOR + BoLWINk is in my portfolio
Blanketstacker
15 Jan 2018
Increased holding [link] Minister of Education for the Maldives, who is some sort of management guru, now holds over 4% of the company. I am not sure how good (or bad) this is!
mcescher
28 Mar 2016
Good analysis report on WINK Great dividend stock, this infographic shows the recent performance [link]
pharmaspecialist
26 Feb 2015
Re: NEW ARTICLE: Winkworth calls end to Lond... The slowing housing market and approaching general election mentioned in the article has resulted in a significant decline in the company's share price which I think now offers reasonable value. I have been investing in financially strong AIM stocks for a few years but have never really looked at estate agents because the cyclical nature of the housing market tends to create booms and busts for this type of business. You can be certain that Winkworth's share price will fall further if there is another sharp decline in the housing market. However, the interesting point is that this company remained solidly profitable during 2008/9 when property prices were weak so the impact of falling house prices on its financial performance (as opposed to its share price) is limited. I think this is partly because about a third of its business is based on property rentals rather than sales and because it sells franchises rather than operates estate agents itself. This reduces the assets that are tied up in the business and transfers some of the financial liabilities to the owners of the franchise. The lack of any significant debt also helps make Winkworth more resilient. The limited assets tied up in the business also make it possible to achieve a relatively high return on capital invested which is always a good sign and decent profit margins. The family also has a significant stake in the business which I take as a positive sign. Of course, there are other similar franchise businesses such as Belvoir and MartinCo but my impression is that Winkworth is a better quality company. I have checked the web sites of all three companies and Winkworth seems to have significantly more properties offered for rent or sale per office than the other two companies. I have also read that Winkworth has more franchisees who have had previous experience in the estate agent industry than the other two companies which I think is another good sign. Although I have invested now, I'm not sure this is a good time to invest - I am no good at timing, but I because of the company's fundamental qualities I expect to receive a satisfactory return in the long term.
II Editor
02 Dec 2014
NEW ARTICLE: Winkworth calls end to London property boom "Uncertainty surrounding May's General Election will stifle an already slowing housing market, LSE:WINK:Winkworth has warned, something flagged up at September's interims. But these concerns should at least support the estate agent's rental ..."[link]
