Reported Earnings • Apr 16
Full year 2025 earnings released: EPS: UK£0.13 (vs UK£0.14 in FY 2024) Full year 2025 results: EPS: UK£0.13 (down from UK£0.14 in FY 2024). Revenue: UK£10.7m (flat on FY 2024). Net income: UK£1.63m (down 7.8% from FY 2024). Profit margin: 15% (down from 16% in FY 2024). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Real Estate industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has remained flat. New Risk • Apr 15
New major risk - Revenue and earnings growth Earnings have declined by 3.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.5% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (UK£22.3m market cap, or US$30.2m). Announcement • Apr 15
M Winkworth PLC, Annual General Meeting, May 21, 2026 M Winkworth PLC, Annual General Meeting, May 21, 2026. Location: the lansdowne club, 9 fitzmaurice place, w1j 5jd, london United Kingdom Declared Dividend • Apr 10
Dividend of UK£0.033 announced Dividend of UK£0.033 is the same as last year. Ex-date: 16th April 2026 Payment date: 14th May 2026 Dividend yield will be 7.8%, which is higher than the industry average of 3.8%. Sustainability & Growth The dividend has increased by an average of 7.3% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 14% to bring the payout ratio under control, which is more than the 6.2% EPS growth achieved over the last 5 years. Announcement • Apr 09
M Winkworth PLC Announces Interim Dividend for the First Quarter of 2026 , Payable on May 14 , 2026 M Winkworth PLC announced that the Company will pay an interim dividend of 3.3 pence per ordinary share for the first quarter of 2026 to shareholders. Ex-Dividend Date is April 16, 2026. Record Date is April 17, 2026 and Expected Payment Date is May 14, 2026 . New Risk • Apr 05
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (UK£21.3m market cap, or US$28.1m). Declared Dividend • Jan 16
Dividend of UK£0.033 announced Dividend of UK£0.033 is the same as last year. Ex-date: 22nd January 2026 Payment date: 19th February 2026 Dividend yield will be 7.1%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio) nor is it adequately covered by cash flows (90.3% cash payout ratio). The dividend has increased by an average of 6.9% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 14% to bring the payout ratio under control, which is more than the 6.2% EPS growth achieved over the last 5 years. Announcement • Jan 15
M Winkworth PLC to Report Fiscal Year 2025 Results on Apr 15, 2026 M Winkworth PLC announced that they will report fiscal year 2025 results at 8:00 AM, GMT Standard Time on Apr 15, 2026 Announcement • Jan 14
M Winkworth plc Announces Ordinary Dividend Fourth Quarter of 2025, Payable on February 19, 2026 M Winkworth PLC announced that the Company will pay an ordinary dividend of 3.3 pence per share for the fourth quarter of 2025 (Q4 FY24: 3.3 pence per share), bringing the total ordinary dividend payments declared for FY25 to 13.2p per share (FY24: 12.3 pence per share) an increase of 7.3%. Ex-Dividend Date January 22, 2026. Record date is January 23, 2026. Expected payment date is February 19, 2026. Declared Dividend • Oct 17
Dividend increased to UK£0.033 Dividend of UK£0.033 is 10% higher than last year. Ex-date: 23rd October 2025 Payment date: 21st November 2025 Dividend yield will be 6.8%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio) nor is it adequately covered by cash flows (90.3% cash payout ratio). The dividend has increased by an average of 8.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 14% to bring the payout ratio under control. EPS is expected to grow by 49% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Sep 21
First half 2025 earnings released: EPS: UK£0.048 (vs UK£0.059 in 1H 2024) First half 2025 results: EPS: UK£0.048 (down from UK£0.059 in 1H 2024). Revenue: UK£5.20m (up 1.1% from 1H 2024). Net income: UK£615.0k (down 19% from 1H 2024). Profit margin: 12% (down from 15% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Real Estate industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. New Risk • Sep 17
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 97% Cash payout ratio: 90% Dividend yield: 6.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 97% Cash payout ratio: 90% Minor Risk Market cap is less than US$100m (UK£25.2m market cap, or US$34.3m). Declared Dividend • Jul 18
Fourth quarter dividend of UK£0.033 announced Shareholders will receive a dividend of UK£0.033. Ex-date: 24th July 2025 Payment date: 20th August 2025 Dividend yield will be 6.2%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (89.6% earnings payout ratio) but not covered by cash flows (117% cash payout ratio). The dividend has increased by an average of 8.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share is expected to grow by 34% over the next 3 years, which should maintain adequate earnings cover for the dividend. Announcement • Jul 16
M Winkworth PLC Announces Dividend for the second Quarter of 2025, Payable on August 20, 2025 M Winkworth plc announced that the Company will pay an interim dividend of 3.3 pence per ordinary share for the second quarter of 2025 to shareholders. Ex-Dividend Date: July 24, 2025. Record date: July 25, 2025. Expected Payment Date: 20 August 2025. Reported Earnings • Apr 16
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: UK£0.14 (up from UK£0.13 in FY 2023). Revenue: UK£10.8m (up 17% from FY 2023). Net income: UK£1.76m (up 5.3% from FY 2023). Profit margin: 16% (down from 18% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, while revenues in the Real Estate industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Apr 16
M Winkworth PLC, Annual General Meeting, May 22, 2025 M Winkworth PLC, Annual General Meeting, May 22, 2025. Location: the lansdowne club, 9 fitzmaurice place, w1j 5jd, london United Kingdom Declared Dividend • Apr 11
Dividend of UK£0.033 announced Shareholders will receive a dividend of UK£0.033. Ex-date: 17th April 2025 Payment date: 15th May 2025 Dividend yield will be 6.2%, which is higher than the industry average of 3.8%. Sustainability & Growth The dividend has increased by an average of 9.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 3.6% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 09
M Winkworth plc Announces Dividend for the First Quarter of 2025, Payable on May 15, 2025 M Winkworth PLC announced that the Company will pay an interim dividend of 3.3 pence per ordinary share for the first quarter of 2025 to shareholders. Ex-Dividend Date: April 17, 2025. Record date: April 22, 2025. Expected Payment Date: 15 May 2025. New Risk • Mar 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (UK£25.5m market cap, or US$33.0m). Announcement • Feb 08
M Winkworth plc Announces Demise of Lawrence Alkin, Independent Non-Executive Director, Chairman of Remuneration Committee and Member of the Audit Committee It is with great sadness that M Winkworth plc announced that Mr. Lawrence Alkin, an independent non-Executive Director of the Company, passed away on 5 February 2025. The board extends its deepest condolences and sympathies to Lawrence's family and would like to take this opportunity to express its thanks for his significant contribution to the Company during the many years of his involvement. Lawrence helped create the framework and documentation for Winkworth Franchising Ltd. in 1981, the first franchised real estate agency in the UK, before going on to pursue other successful business ventures, including founding the leisure business Holmes Place Health Clubs. He returned to join the board of Winkworth as a non-Executive Director at the time of the Company's listing on AIM in 2009. He was a key part of the management team, chairing the remuneration committee and serving as a member of the audit committee. Declared Dividend • Jan 17
Dividend increased to UK£0.033 Dividend of UK£0.033 is 10% higher than last year. Ex-date: 23rd January 2025 Payment date: 20th February 2025 Dividend yield will be 5.9%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (79% cash payout ratio). The dividend has increased by an average of 8.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 14
M Winkworth plc Announces Company Secretary Changes M Winkworth PLC announced the departure of Margaret Doregos as Company Secretary with effect from October 14, 2024. Margaret has served in her role since 4 June 2009 and now intends to pursue other interests. The Board wishes to express its gratitude to Margaret for her valuable contribution and dedicated service to the Company during her tenure. The Board announced that it has appointed Andrew Nicol as Company Secretary with effect from October 14, 2024. Andrew, who has been CFO for the Group since 2016, is now CFO and Company Secretary. Declared Dividend • Oct 11
Dividend of UK£0.03 announced Shareholders will receive a dividend of UK£0.03. Ex-date: 17th October 2024 Payment date: 14th November 2024 Dividend yield will be 5.9%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (79% cash payout ratio). The dividend has increased by an average of 8.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Sep 17
First half 2024 earnings released: EPS: UK£0.059 (vs UK£0.043 in 1H 2023) First half 2024 results: EPS: UK£0.059 (up from UK£0.043 in 1H 2023). Revenue: UK£5.14m (up 21% from 1H 2023). Net income: UK£759.0k (up 36% from 1H 2023). Profit margin: 15% (up from 13% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, while revenues in the Real Estate industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Aug 31
M Winkworth PLC to Report First Half, 2024 Results on Sep 11, 2024 M Winkworth PLC announced that they will report first half, 2024 results on Sep 11, 2024 Declared Dividend • Jul 12
Fourth quarter dividend of UK£0.03 announced Shareholders will receive a dividend of UK£0.03. Ex-date: 18th July 2024 Payment date: 14th August 2024 Dividend yield will be 5.9%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (89.9% earnings payout ratio) but not covered by cash flows (135% cash payout ratio). The dividend has increased by an average of 8.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share is expected to grow by 38% over the next 3 years, which should maintain adequate earnings cover for the dividend. Announcement • Jul 10
M Winkworth Plc Announces Dividend for the Second Quarter of 2024, Expected Payable on 14 August 2024 The directors of M Winkworth Plc announced that the company will pay a dividend of 3.0 pence per ordinary share for the second quarter of 2024 to shareholders. Ex-dividend date is 18 July 2024. Record date is 19 July 2024. Expected payment date is 14 August 2024. Board Change • Jun 11
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director John Nicol was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 06
M Winkworth PLC Announces Directorate Change M Winkworth plc announced the appointments of Tom Fyson and Jonathan Adams as Non-Executive Directors of the Company, and as members of the Audit Committee and Remuneration Committee respectively, with effect from 4 June 2024. The Company also announces that John Nicol, who has been a Non-Executive Director of the Company and a member of the Audit and Remuneration Committees since 10 June 2014, has elected to stand down with effect from 12 September 2024 to pursue his charitable interests. Tom Fyson is a Managing Director of Blackdown Partners, an independent advisory firm providing public and private businesses with advice on corporate finance, M&A, capital markets, investor relations and strategy. He brings over 20 years of financial experience, having begun his career at KPMG, where he qualified as a chartered accountant, before moving into corporate finance in 2006. Jonathan Adams spent 14 years in M&A and as an equity analyst at JPMorgan before working as a global fund manager, initially at Citigroup and, subsequently, for 16 years at Investec. In 2022, he founded Butterwalk Advisory LLP, providing advice to, and investing directly in, small cap companies. He is a Senior Advisory Board Member to King's College Cambridge's Entrepreneurship Lab, a privately funded body with the goal of increasing awareness of entrepreneurship amongst its student membership. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to UK£2.00, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the Real Estate industry in the United Kingdom. Total returns to shareholders of 29% over the past three years. New Risk • Apr 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 45% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (45% accrual ratio). Minor Risks Dividend is not well covered by cash flows (167% cash payout ratio). Market cap is less than US$100m (UK£22.6m market cap, or US$28.1m). Reported Earnings • Apr 17
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: UK£0.13 (down from UK£0.15 in FY 2022). Revenue: UK£9.27m (flat on FY 2022). Net income: UK£1.67m (down 14% from FY 2022). Profit margin: 18% (down from 21% in FY 2022). Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 5.1%. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 2.7% decline forecast for the Real Estate industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 1% per year. Declared Dividend • Apr 12
Dividend of UK£0.03 announced Shareholders will receive a dividend of UK£0.03. Ex-date: 18th April 2024 Payment date: 16th May 2024 Dividend yield will be 7.3%, which is higher than the industry average of 3.8%. Sustainability & Growth The dividend has increased by an average of 9.4% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 8.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 10
M Winkworth PLC Announces Dividend for the First Quarter of 2024, Payable on 16 May 2024 The directors of M Winkworth Plc announced that the company will pay a dividend of 3.0 pence per ordinary share for the first quarter of 2024 to shareholders. Ex-dividend date is 18 April 2024. Record date is 19 April 2024. Expected payment date is 16 May 2024. Announcement • Apr 03
M Winkworth PLC to Report Fiscal Year 2023 Final Results on Apr 17, 2024 M Winkworth PLC announced that they will report fiscal year 2023 final results on Apr 17, 2024 New Risk • Mar 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (UK£21.0m market cap, or US$26.4m). Announcement • Feb 13
M Winkworth PLC Appoints of Tara Tan to Its Board as an Executive Director with Effect from 12 February 2024 M Winkworth PLC announced the appointment of Tara Tan to its Board as an Executive Director with effect from 12 February 2024. Tara, a qualified solicitor with over 20 years' experience, joined the Winkworth team in 2001 and became a director of Winkworth Franchising Limited ("WFL") in 2004 as Director of Legal and Business Affairs. Tara stepped down from WFL and left the Company in 2006 to focus on other interests. She re-joined in 2012 as a consultant, and in 2014 was appointed to work full time as General Counsel before re-joining the Board of WFL in 2020. Tara will provide strategic and transactional guidance to the business development team and to the day-to-day commercial operations team, as well as continuing her work on brand protection, network compliance and training. Announcement • Jan 10
M Winkworth plc Announces Ordinary Dividend for the Fourth Quarter of 2023, Payable on February 15, 2024 M Winkworth PLC announced that the Company will pay an ordinary dividend of 3.0 pence per share (2022: 2.9 pence per share) for the fourth quarter of 2023, bringing the total ordinary dividend payments declared for the year to 11.7 pence per share (2022: 11.0 pence per share). Ex-dividend date is January 18, 2024, Record date January 19, 2024 and Expected payment date February 15, 2024. Announcement • Oct 11
M Winkworth PLC Declares Dividend for the Third Quarter of 2023, Payable on November 16, 20203 The Directors of M Winkworth Plc announced that the Company will pay a dividend of 2.9p per ordinary share for the third quarter of 2023 to shareholders. The timetable is as follows: Ex-Dividend Date is October 19, 2023, Record Date is October 20, 2023, and Expected Payment Date is November 16, 20203. Reported Earnings • Sep 07
First half 2023 earnings released: EPS: UK£0.043 (vs UK£0.063 in 1H 2022) First half 2023 results: EPS: UK£0.043 (down from UK£0.063 in 1H 2022). Revenue: UK£4.27m (flat on 1H 2022). Net income: UK£559.0k (down 30% from 1H 2022). Profit margin: 13% (down from 19% in 1H 2022). Revenue is forecast to grow 1.3% p.a. on average during the next 2 years, compared to a 6.2% decline forecast for the Real Estate industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Aug 26
M Winkworth PLC to Report First Half, 2023 Results on Sep 06, 2023 M Winkworth PLC announced that they will report first half, 2023 results on Sep 06, 2023 New Risk • Jul 31
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 10% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (UK£19.7m market cap, or US$25.3m). Announcement • Jul 12
M Winkworth PLC Announces Dividend for the Second Quarter of 2023, Payable on August 16, 2023 The Directors of M Winkworth plc ("Winkworth" or the "Company") announced that the Company will pay a dividend of 2.9 pence per ordinary share for the second quarter of 2023 to shareholders. Ex-Dividend Date: July 20, 2023. Record Date: July 21, 2023. Expected Payment Date: August 16, 2023. Recent Insider Transactions Derivative • Jun 27
CEO & Director exercised options to buy UK£145k worth of stock. On the 23rd of June, Dominic Charles Agace exercised options to buy 102k shares at a strike price of around UK£1.02, costing a total of UK£104k. This transaction amounted to 13% of their direct individual holding at the time of the trade. Since September 2022, Dominic Charles has owned 641.73k shares directly. Company insiders have collectively bought UK£104k more than they sold, via options and on-market transactions, in the last 12 months. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to UK£1.33, the stock trades at a trailing P/E ratio of 8.6x. Average forward P/E is 15x in the Real Estate industry in the United Kingdom. Total returns to shareholders of 25% over the past three years. Announcement • Jun 07
M Winkworth PLC, Annual General Meeting, Jun 06, 2023 M Winkworth PLC, Annual General Meeting, Jun 06, 2023. Reported Earnings • Apr 20
Full year 2022 earnings released: EPS: UK£0.15 (vs UK£0.20 in FY 2021) Full year 2022 results: EPS: UK£0.15 (down from UK£0.20 in FY 2021). Revenue: UK£9.31m (down 1.5% from FY 2021). Net income: UK£1.95m (down 23% from FY 2021). Profit margin: 21% (down from 27% in FY 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Jan 11
M Winkworth plc Announces Ordinary Dividend for the Fourth Quarter of 2022 and for the Year 2022, Payable on February 16, 2023 The directors of M Winkworth PLC announced ordinary dividend for the fourth quarter of 2022 and for the year 2022. For the period, the Company will pay an ordinary dividend of 2.9 pence (2021: 2.7 pence) per share. For the year, the company reports bringing the total ordinary dividend payments declared for the year to 11.0 pence (2021: 9.3 pence). Ex-Dividend Date is January 19, 2023. Record Date is January 20, 2023. Expected Payment Date is February 16, 2023. Announcement • Nov 22
M Winkworth PLC Provides Revenue Guidance for the Year 2022 As a result of this buoyant level of activity in the second half of 2022, Winkworth's full year revenues are expected to exceed management forecasts and full year pre-tax profits to be ahead of the current market forecast of £2.1 million. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. CFO & Director Andrew J. Nicol was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Oct 12
M Winkworth PLC Declares Dividend for the Third Quarter of 2022, Payable on November 17, 2022 M Winkworth PLC announced that the Company will pay a dividend of 2.7 pence per ordinary share for the third quarter of 2022 to shareholders. The timetable is as follows: Expected Payment Date is November 17, 2022. Record Date is October 21, 2022. Ex-Dividend Date is October 20, 2022. Buying Opportunity • Oct 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 7.2%. The fair value is estimated to be UK£2.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 27%. Reported Earnings • Sep 07
First half 2022 earnings released: EPS: UK£0.063 (vs UK£0.12 in 1H 2021) First half 2022 results: EPS: UK£0.063 (down from UK£0.12 in 1H 2021). Revenue: UK£4.28m (down 18% from 1H 2021). Net income: UK£797.0k (down 47% from 1H 2021). Profit margin: 19% (down from 28% in 1H 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 1.3% growth forecast for the Real Estate industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Aug 22
M Winkworth PLC to Report First Half, 2022 Results on Sep 07, 2022 M Winkworth PLC announced that they will report first half, 2022 results on Sep 07, 2022 Announcement • Jul 13
M Winkworth PLC to Pay Ordinary Dividend for Second Quarter 2022, Payable August 17, 2022 The Directors of M Winkworth Plc announced that the Company will pay a dividend of 2.7 pence per ordinary share for the second quarter of 2022 to shareholders. Ex-Dividend Date July 21, 2022. Record Date is July 22, 2022. Expected Payment Date is August 17, 2022. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. CFO & Director Andrew J. Nicol was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Apr 13
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: UK£0.20 (up from UK£0.092 in FY 2020). Revenue: UK£9.45m (up 48% from FY 2020). Net income: UK£2.52m (up 116% from FY 2020). Profit margin: 27% (up from 18% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%. Over the next year, revenue is expected to shrink by 9.0% compared to a 10% decline forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Jan 12
M Winkworth PLC Announces Special Dividend for the Fourth Quarter of 2021, Payable on February 17, 2022 The directors of M Winkworth PLC announced that the company will pay special dividend of 3.8 pence per share, in recognition of the continued strong performance in the second half of the year. Ex-Dividend Date: January 20, 2022. Record Date: January 21, 2022. Expected Payment Date: February 17, 2022. Reported Earnings • Sep 09
First half 2021 earnings released: EPS UK£0.12 (vs UK£0.029 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: UK£5.25m (up 106% from 1H 2020). Net income: UK£1.49m (up 309% from 1H 2020). Profit margin: 28% (up from 14% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 19% per year. Announcement • Jul 15
M Winkworth PLC Announces Special Dividend for the First Quarter of 2021, Payable on August 18, 2021 The Directors of M Winkworth Plc announced that the company paid a special dividend of 1.3 pence for the first quarter of 2021 to shareholders. Ex-Dividend Date is July 22, 2021. Record date is July 23, 2021. The dividend will be payable on August 18, 2021. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improved over the past week After last week's 15% share price gain to UK£2.02, the stock trades at a trailing P/E ratio of 22x. Average forward P/E is 15x in the Real Estate industry in the United Kingdom. Total returns to shareholders of 117% over the past three years. Announcement • Apr 14
M Winkworth Plc Announces Special Dividend for the First Quarter of 2021, Payable on May 20, 2021 The Directors of M Winkworth Plc announced that the company will pay special dividend to shareholders of 1.3 pence for the first quarter of 2021. Ex-dividend date is April 22, 2021. Record date is April 23, 2021. Expected payment date is May 20, 2021. Reported Earnings • Apr 10
Full year 2020 earnings released The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: UK£6.41m (flat on FY 2019). Net income: UK£1.17m (down 9.0% from FY 2019). Profit margin: 18% (down from 20% in FY 2019). Is New 90 Day High Low • Mar 13
New 90-day high: UK£1.63 The company is up 8.0% from its price of UK£1.50 on 11 December 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Real Estate industry, which is up 9.0% over the same period. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improved over the past week After last week's 15% share price gain to UK£1.63, the stock is trading at a trailing P/E ratio of 17.4x, up from the previous P/E ratio of 15.1x. This compares to an average P/E of 18x in the Real Estate industry in the United Kingdom. Total returns to shareholders over the past three years are 72%. Is New 90 Day High Low • Dec 16
New 90-day high: UK£1.53 The company is up 11% from its price of UK£1.38 on 16 September 2020. The British market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 10.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: UK£1.28 The company is down 2.0% from its price of UK£1.30 on 24 June 2020. The British market is down 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Real Estate industry, which is up 1.0% over the same period. 
