Staggering growth, if only…
News covered in our update here include staggering growth from a very large company which dominates its market - who said elephants can’t gallop! Elsewhere, one of our Bonkers Bargain opportunities updated on trading, while a retailer of fresh cream cakes continues to try and restore investor confidence. Read on here for this and other news. (Free to read)
Winkworth: earnings down, cash up Full year results from M. Winkworth (AIM:WINK), a franchisor of real estate agencies, mainly served to highlight to us the excellence of Property Franchise Group (‘TPFG’), whose results we covered yesterday here. Despite opening two new offices in the year, Winkworth reported revenues of £9.31m, marginally down on the prior year’s £9.45m, while pre-tax tax was 23% lower at £2.47m. That’s very different to the organic growth reported by TPFG in its reported results. More positively, cash flow was strong, with a net operating cash inflow of £2.8m and free cash inflow of £2.6m, lifting…