Hunters Property PLC AGM Statement and Trading Update (4897O)
May 18 2018 - 1:00AM
UK Regulatory
TIDMHUNT
RNS Number : 4897O
Hunters Property PLC
18 May 2018
Embargoed 7.00a.m.
18 May 2018
HUNTERS PROPERTY PLC
("Hunters" or the "Group")
AGM Statement and Trading Update
Hunters (AIM - HUNT) one of the UK's largest franchised sales
and lettings agency businesses, issues an AGM Statement and Trading
Update for the first four months of the year, ahead of its Annual
General Meeting to be held today at 10.00 am. The Chairman, Kevin
Hollinrake, will make the following statement:
"So far this year we have signed nine new Hunters branches and
have opened three. The Group has a strong pipeline of agreed sales
and has increased instructions in the four months to the end of
April. Excluding the effect of the acquisition of our Bristol
chain, formerly known as Besley Hill, instructions are up by 5.4%
against the same period last year, which should lay the ground for
a comparatively strong second half performance.
The first half year is expected to end slightly better than the
Board anticipated giving us confidence in the full year outcome for
the Group. The government has put forward proposals to regulate the
industry and to ban certain tenant fees. Given our strong sales
profile our exposure is expected to be less significant than other
lettings only based participants. Furthermore, we believe we will
receive an increase in enquiries to join our Network to take
advantage of our procurement and training, e-learning and support
packages, which will prove invaluable in the new regulated
environment and as we help good independent agents manage the
transition.
Finally, I am delighted to announce our Customer Service Rating
this year has increased to 96% across both sales and lettings and
we retain a healthy pipeline of parties looking to join the
network. I look forward to updating you further as the year
progresses."
For more information, please contact:
Hunters Property Plc
Glynis Frew, Chief Executive Officer
Ed Jones, Chief Financial Officer 01904 756 197
SPARK Advisory Partners Limited (Nominated
Adviser)
Mark Brady
Neil Baldwin 020 3368 3551
Dowgate Capital Stockbrokers Limited (Broker)
David Poutney
James Serjeant 020 3903 7715
Smithfield Consultants (Financial PR)
Alex Simmons 020 7360 4900
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCSFUFMWFASESI
(END) Dow Jones Newswires
May 18, 2018 02:00 ET (06:00 GMT)
Hunters Property (LSE:HUNT)
Historical Stock Chart
From Apr 2024 to May 2024
Hunters Property (LSE:HUNT)
Historical Stock Chart
From May 2023 to May 2024