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Yes , someone obviously thinks there will be some action of some sort coming .
well there is some unusally large trades this weeek.
somethings brewing.
Hopefully with cash in the bank and the stated acquisition strategy etc , we will see some good moves soon , that will create some action with the sp . Looks very cheap at these levels to me .
a trade.
Looks as though we may actually be in for some profits in the future, and some dilution. Just a pity that it is such an illiquid market and that there is no broker report to disentangle all the goings on. I suspect that EWG is quite cheap, but time will tell.
Perky today.
This Newbridge acquisition looks like it could be game-changing; only problem is that spread! Seems to move sharply on relatively small trades (in both directions). May keep the traders away but some increased liquidity would be welcome. Buy on weakness and hold for me.
If ever there was one which folks seem to be unaware of, it's this one.
Decent RNS out this morning: "European Wealth Group Limited ('European Wealth'), the AIM-listed integrated wealth management group (AIM ticker: EWG, EWGL), today announced that it has acquired Xcap Nominees. The acquisition brings a further £30 million of assets to European Wealth's Manchester office, opened in late 2014, which has a team of six investment managers, servicing clients both within the local area and throughout the UK. The office also has an increasing international focus, providing a range of sophisticated investment services to professional intermediaries across the Far East. Further evidence of the international expertise in the Manchester office is the appointment of European Wealth as the preferred discretionary investment manager to the Montpelier Group of businesses based in Malaysia and Thailand, with combined assets under management of over £100 million. John Morton, the Executive Chairmen of European Wealth, said, "Manchester is a key regional centre for our business. This deal further strengthens the asset base of the business and emphasises our commitment to building our presence here."
The market seems to be overlooking EWG, who I view could be the next St James .....Todays RNS headlines include Assets under management/ influence increase in the first half of 2014 by 24.2% to £0.82 billion. Plus just appointed Adam Suggett as a Financial Controller, who has joined from Hume Capital Securities plc having previously been a Manager in Grant Thornton's Capital Markets team http://bit.ly/1p6ZQTH
JFord-Timmins, thanks for the link. I already had shares in the company but had failed to understand the re valuation of the shares . I was some way out on the new share price and due to technical issues topped up later at 110. Might have topped up earlier and paid more . Have a lot of faith In John Morton.
Let us see what tomorrow brings........
video interview European Wealth Group: The time is right for AIM listing A reverse takeover by EW Group has brought European Wealth Group to the market, introducing to AIM a fast-growing wealth management business. Executive chairman John Morton explains why the time is right for the new group to join AIM. As well as comforting clients about the business, Morton says the listing will give the company better access to capital. He also talks about the company's plans for more acquisitions when the right opportunity arises. http://tinyurl.com/pknqsy7
60 to 1
I sold out yesterday for some reason
Yea finally figured it out after more coffee nearly fell off the seat lol. Still a good share to be in!
Anyone?
This rise genuine?
Ninja, it is the consolidation of 1 share for 60 old shares
Likewise, I can't get a trade be trying since 8.00am
?
From todays RNS....Better than I thought : Revenue:0.8m to 5.8m in 3 years Profit : 0.6m to 4.7m in 3 years Per RNS A summary of European Wealth's financial performance is set out below: Year ended Year ended Year ended 31 December 31 December 31 December 2011 2012 2013 GBPm GBPm GBPm Revenue 0.8 2.5 5.8 Gross Profit 0.6 2.3 4.7 Loss after tax (1.0) (0.4) (1.0) Net liabilities (1.1) (0.1) (0.2)
Sorry just read the RNS
Can I assume I missed the boat here ?