A not unexpected weak result from Sydney real estate agency, McGrath for the six months to the end of December, and a not unexpected weak forecast of ongoing tough property market conditions in the short term, thanks to the uncertainty caused by the NSW and federal elections.
Read MoreA weak interim profit lies ahead for struggling real estate agency McGrath which yesterday reported a small loss for the first quarter of 2018-19 and all but admitted the company will not make a profit for the year to June 30 on an after-tax basis.
Read MoreMore bad news for the listed real estate agency McGrath yesterday with investors warned to expect a bottom line loss of more than $50 million for the year to June 30.
Read MoreMore revenue and profit woes for embattled listed real estate agency McGrath Ltd as it reveals its second or third earnings downgrade of the year so far.
Read MoreShares in battling real estate agency group, McGrath rose nearly 4.9%on Monday, ending at 43 cents after a new chairman and director were announced in time to stave off the company being in breach of ASX listing rules for minimum board requirements.
Read MoreFor such a small, insignificant company, real estate group McGrath continues to generate a lot of publicity – all of it bad. Yesterday we saw a big loss, big fall in revenue, a results briefing cancelled and then trading in the shares halted at the company’s request, which is quite a mouthful for just one day.
Read MoreShares in real estate agency group McGrath closed badly battered yesterday after the Sydney-based real estate company cut its earnings guidance and promised an intense round of cost cutting.
Read MoreIt wasn’t the biggest result, nor the worst, but it did contain a warning for many other companies in and around the property and home lending businesses.
Read MoreShares in one of the country’s largest real estate agents, McGrath (MEA), dived yesterday after it warned of a weak June half year.
Read MoreMcGrath Estate Agents (ASX: MEA) share price fell over 30 per cent on the back of an announcement that its profits will fall short of the prospectus forecasts in FY16.
Read MoreStruggling listed real estate agency group, McGrath Limited (MEA) has been forced to slash its dividend target from 4.5 cents a share to 3 to 3.5 cents a share after it was forced to cut its sales estimates for the 2016 financial year.
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