Wednesday 18 December, 2013


MartinCo PLC

Admission to trading on AIM



With a network of almost 200 offices, Martin & Co is one of the largest franchised property businesses in the UK. Established in 1986, it provides a responsive local letting and sales service with the backing of a national brand.

The company has a strong focus on lettings and currently manages 30,000 properties on behalf of private clients, which amounts to a town the size of Maidenhead in Berkshire.

In March 2012, Martin & Co introduced an estate agency service with a view to leverage and extend its established brand name in the UK. The company's approach to estate agency differs from standard commission based estate agent sales models, in that it offers an option for vendors to instruct it on a pay-as-you-go basis, depending on which services they require.

Martin & Co is a multi-award winning business, including Gold for Best Large Letting Chain at the ESTAS (Estate & Letting Agent Awards) in 2009 and 2012, Franchise of the Year awarded by The Negotiator magazine in 2011 and Lettings Agency of the Year (Silver) awarded by The Sunday Times in 2013.



http://www.martinco.com/

Analyst price target 168p Panmure Gordon 4 Feb 2015

Final results


Operational Highlights



· Xperience acquisition increases footprint significantly - office numbers increased 49% from 189 to 282 in 49 new locations



· Number of tenanted managed properties increased from 30,623 to 32,210 at Martin & Co. Total across the Group was more than 42,000 at year end



· Total of 14 new Martin & Co franchisees recruited, six new offices opened (Inverness, Guisborough, Sunderland, Fitzrovia, Wilmslow & Sheffield) and two offices preparing to launch (Plymouth & Edinburgh)



· 23 offices with annual fee income over £500k of which 11 are Martin & Co and 12 are Xperience brands



· Group remains heavily weighted toward lettings market, accounting for 78% of Management Services Fees revenue



· Strong cash position of £3.4m at year end with £5m (£2.5m undrawn) debt facility agreed during the period





Financial Highlights



· Revenue* increased 25% to £5.2m (2013: £4.1m)



· Management Service Fees increased 16% to £4.1m (2013: £3.5m)



· Operating Profit** increased 26% to £2.0m (2013: £1.6m)



· Profit before tax increased 115% to £1.9m (2013: £0.9m)



· Net Assets increased 26% to £6.3m (2013: £5.0m)



· Proposed final dividend of 2.7p per share, making total for 2014 of 4.0p per share


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MartinCo hikes FY pretax profit by 115%
StockMarketWire.com




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31 Mar Panmure Gordon 168.00 Buy

TV interview (<5mins) with CEO Ian Wilson giving overview of the business

AGM Statement
RNS
RNS Number : 3775M
MartinCo PLC
07 May 2015

MARTINCO PLC



("Martin & Co", the "Company" or the "Group")



AGM Statement





At today's Annual General Meeting of MartinCo Plc, Richard Martin, Chairman, will make the following statement:



"During our first year as a public company, we have delivered on a number of key strategic objectives set out at IPO and in doing so have grown the business substantially. In particular, the acquisition of Xperience in October increased our UK footprint by 89 offices, added four established property franchise brands and we now have over 43,000 tenanted managed properties across the Group, exceeding our target to achieve 40,000 properties within two years of listing.



"The progress made during the year demonstrates the strong fundamentals of the UK residential property market as the economic recovery gains momentum. We look forward to continuing to create value for our shareholders through both the lettings and estate agency services offered by the Group."



"Current trading is in line with market expectations. Our acquisition of the Xperience offices occurred six months ago and we are seeing the expected uplift in Group revenue, whilst our cost base remains under tight control. All of the franchisor functions for our five brands have now been successfully consolidated into our Bournemouth headquarters, and we have absorbed the restructuring costs involved. We are currently the only property franchisor successfully pursuing a multiple parallel brand strategy in the UK" commented CEO Ian Wilson.







-Ends-

MIDAS-SHARE-TIPS-UPDATE-Lettings-agency-tip-Martin-grabs-slice-success.

Midas verdict: Martin & Co has done well since flotation but the best is yet to come. These shares are a strong hold.

Notice of Results
RNS
RNS Number : 3692X
MartinCo PLC
28 August 2015



MartinCo Plc



("MartinCo or the "Group")

Notice of results



MartinCo Plc, one of the UK's largest property franchise businesses, will announce its Interim Results for the six months ended 30 June 2015 on 09 September 2015.



-Ends-

Looking for a good set of interim results in the morning.

MARTINCO

09 Sep 2015 07:00:12



MartinCo PLC



RNS Number : 4674Y

MartinCo PLC

09 September 2015






MARTINCO PLC



("Martin & Co", the "Company" or the "Group")



Interim Results for the six months ended 30 June 2015



Record revenue up 48% with successful integration of the "Xperience" brands and continued development of estate agency and lettings



MartinCo Plc, one of the UK's largest property franchises, today announces its interim results for the period ended 30 June 2015.



FINANCIAL HIGHLIGHTS



§ Revenue increased by 48% to £3.4m (H1 2014: £2.3m)

§ Management Service Fees (royalties) increased by 61% to £2.9m (H1 2014: £1.8m)

§ Gross profit increased by 53% to £3.2m (H1 2014: £2.1m)

§ Operating profit increased by 66% to £1.3m (H1 2014: £0.8m) before exceptional reorganisation costs of £0.1m following the acquisition of "Xperience"

§ Operating margin of 38% (H1 2014: 34%) before exceptional items

§ Strong balance sheet with a cash position of £3.8m at 30 June 2015 (H1 2014: £5.5m)

§ Earnings per share increased by 45% to 4.2p per share (H1 2014: 2.9p)

§ Interim dividend increased by 38% to 1.8p per share (H1 2014: 1.3p)



OPERATIONAL HIGHLIGHTS



§ 284 trading offices (H1 2014: 193), 239 franchisees, no company owned offices

§ 253 offices offering Estate Agency service (H1 2014: 145)

§ 44,000 tenanted managed properties (H1 2014: 31,000)

§ 7 new franchisees recruited (H1 2014: 12)

§ 5 new offices opened (H1 2014: 3), further 7 offices preparing to open (H1 2014: 3)

§ 6 portfolio acquisitions by franchisees, adding 519 tenanted managed properties



Ian Wilson, CEO commented:



"Our strategy of developing "The Property Franchise Group" by acquiring other property franchisors has delivered a very good set of numbers in the first half-year after our acquisition of "Xperience". We have seen a strong increase in Group revenue and an even stronger increase in Group operating profits.



"We have substantially completed the integration of the "Xperience" divisional functions into our Head Office in Bournemouth, and we believe that there is scope for further operational gearing if the right target presented itself. We have cash on the balance sheet, unused debt facility and evidence that we can execute and consolidate the acquisition of another franchisor successfully.



"We will be increasing our focus in the second half-year on franchise sales activity, as we believe that each of our five brands is capable of further development through a mix of franchisee recruitment, encouragement for existing franchisees to expand, and the conversion of competitors to a franchise model.



"The track record of our letting business is that it has traditionally performed more strongly in the second half of the year and this trading pattern is expected in our estate agency business for 2015. The slower start to estate agency transactions in 2015 compared to 2014 appears to be reversing and the value of our transactions exchanged at £6.6m was 21% higher in June 2015 than it was in the previous year.



"We are pleased to announce an interim dividend of 1.8p representing a 38% year on year increase and it confirms our commitment to a progressive dividend policy."



-Ends-

MartinCo PLC (MCO:LSE) set a new 52-week high during today's trading session when it reached 175.00. Over this period, the share price is up 69.08%.

Trading Update and Capital Markets Event
RNS
RNS Number : 0394D
MartinCo PLC
22 October 2015



MARTINCO PLC



("Martin & Co", the "Company" or the "Group")



Trading Update for the nine months ended 30 September 2015



Record revenue up 47% with successful integration of the "Xperience" brands and continued development of estate agency and lettings



MartinCo Plc, one of the UK's largest property franchises, today announces the following trading update for the year ending 31 December 2015 in advance of its Capital Markets Event for analysts and investors at the offices of Bell Pottinger in London.



A copy of the presentation given by management will be made available on the Company's website later today. http://www.martinco.com/investor-relations



TRADING SUMMARY



The period to 30 September 2015 has been a record for the Group, with total revenue increasing by 47% to £5.3m (2014 £3.6m) and total Management Service Fees ("MSF") increasing by 64% to £4.6m (2014 £2.8m)



MSF from its lettings business increased by 33% to £3.5m (2014 £2.6m) and MSF from its sales business increased by 504% to £1.0m (2014 £0.2m). This growth was primarily as a result of the Xperience acquisition in October 2014.



The Martin & Co branded network achieved 6% growth in MSF from lettings and 78% growth in MSF from sales compared to the same period last year.





Ian Wilson, CEO commented:



"Our strategy of developing the Group by acquiring other property franchisors continues to deliver strong growth. Trading up to the end of September is in line with expectations".



-Ends-

22 Oct Panmure Gordon 192.00 Buy

Going well.

MartinCo PLC (MCO:LSE) set a new 52-week high during today's trading session when it reached 190.00. Over this period, the share price is up 69.64%.

Big faller today. I'm out.

Interim Results

RNS


RNS Number : 7494J

MartinCo PLC

14 September 2016






MARTINCO PLC



(the "Company" or the "Group")



Interim Results for the six months ended 30 June 2016



EBITDA up 31% as the Group benefits from continued revenue growth and operational gearing



MartinCo Plc, one of the UK's largest property franchises, today announces its interim results for the period ended 30 June 2016.





FINANCIAL HIGHLIGHTS




·

Revenue increased by 12% to £3.7m (H1 2015: £3.4m)


·

Management Service Fees (royalties) increased by 10% to £3.2m (H1 2015: £2.9m)


·

Operating profit increased by 22% to £1.6m (H1 2015: £1.3m before exceptional costs)


·

Operating margin of 42% (H1 2015: 38% before exceptional costs)


·

Strong balance sheet with a net cash position of £4.5m at 30 June 2016 (H1 2015: £3.8m)


·

Earnings per share increased by 36% to 5.7p per share (H1 2015: 4.2p)


·

Interim dividend increased by 11% to 2.0p per share (H1 2015: 1.8p)






OPERATIONAL HIGHLIGHTS




·

289 trading offices (H1 2015: 284)


·

271 offices offering Estate Agency service (H1 2015: 253)


·

46,000 tenanted managed properties (H1 2015: 44,000)


·

7 new franchisees recruited (H1 2015: 7)


·

4 new offices opened (H1 2015: 5), further 3 offices preparing to open (H1 2015: 7)






Ian Wilson, CEO commented:



"I am delighted to announce this very strong performance in the first half of the year which reflects the significant strategic growth achieved over the period.



"The Company is in its strongest position since its admission to trading on AIM in 2014 and considering the current momentum, the Board remains confident of future progress for the benefit of shareholders and other stakeholders."