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WHI Financial Highlights: -- Revenue increased by 18.2% to GBP29.7m (2012: GBP25.1m) -- Recurring revenue increased by 32% to GBP8.9m (2012: GBP6.8m) -- Profit before tax GBP1.7m (2012: loss before tax GBP0.2m) -- Basic earnings per share of 4.80p (2012: loss 0.89p) -- Proposed final dividend of 1.5p (2012: 0.5p) Corporate Broking: -- Continued growth in the number of Corporate Broking clients to 85 (2012: 83) -- Fund raisings totalled GBP102m (2012: GBP116m) in 21 transactions (2012: 25) -- M&A transactions valued at GBP138m completed -- Market making revenue and secondary commission both increased Private Wealth Management: -- Funds under management and administration rose by 43% to GBP2.5bn (2012: GBP1.7bn) -- Acquisition of the former Seymour Pierce client list in February 2013 added over GBP300m of assets -- Continuing to be active in seeking to recruit or acquire individuals or teams -- Isle of Man office opened (see separate announcement issued today)
Lovely results here.
Well done for holding here guys. Excellent rise and turnaround from last year.
WHI Results on Wednesday are expected to show the company moving from a loss of £200,000 to a core profit of more than £750,000 for the year to November 30, 2013. The dividend is also likely to rise from 0.5p to at least 0.75p and trading since November is thought to have been particularly strong. http://www.thisismoney.co.uk/money/investing/article-2565570/MIDAS-SHARE-TIPS-Buy-broker-WH-Ireland-rich-return-markets.html?ito=feeds-newsxml
I've been in since 70p so happy with the weekend tip! MMs often automatically increase prices after stocks are tipped so no-one can get in at that price and we just end up with profit-takers which seems to be what's happened this morning. IMO this is a good share to me in atm, and should benefit from recent increased market confidence, corporate activity and AIM flotations. The company announced before Xmas that last year's profits would exceed market expectations and I think results are due this week. If guidance for the current year is similarly positive then there should be further upside in this share.
i was in plus500 from the start but sold to early as always .
Missed it. Tipped 19th and it rocketed as other good news on circa the same time. Anyway I'm hijacking WFI! sorry WFI people (May be joining you tomorrow....)
Same here.....was going to buy PLUS500 a while back too but didn't. Questor is recommending them again too so they will spike I imagine. If I can get to the computer in work at 8:00 tomorrow I will have a look at WHI but simply as a quick in and out.
You in already? MIDAS share tips invariably go up about 20% on the Monday morning. Eg REVO recently... May get some in the morning and see how they go for a quick hit....
Recd today by papers....all the best to anyone in.
Personally I would call Killingbecks buy insider trading, how can it not be when his shares are bought in the same transaction as a +5% purchase at mid-price?
Oceanwood: The portfolio typically holds 20-40 investment ideas with 15 core positions, depending on the conviction levels and environment. Each idea can comprise multiple lines of securities, long or short. Position size is evaluated within the context of the particular strategy, the portfolio as a whole and the manager’s own view of the current environment. Average holding period is nine months, with a typical range of three to 15 months. http://www.risk.net/hedge-funds-review/profile/2274966/oceanwood-global-opportunities-master-fund-oceanwood-capital-management
Oceanwood, Christopher Gate Hedge Fund. Take profit when you can, they sure will & the price will fall when they sell. Probably got a target of 80p.
Ah, OCEANWOOD CAPITAL MANAGEMENT LLP with a purchase of 1,256,584 shares, juat 100k shy. Somebody else piggybacking as well for 100k shares. Nice buys if you can get them.
So Killingbeck bought 65k shares @ 70.5p in 14th Nov. LSE only shows 3 trades on the day, two being minor buys at 72p & above, the other being a single trade at mid-market price of 70.5p, but for 1,421,584 shares (£1.02M), so who's got the other 1,356,584 shares? Only 24M shares in circulation, that's over 5% of the company changed hands in a single transaction. Has Killingbeck piggy-backed on somebody elses trade to get lower buying price? You know I'm not a supporter of WHI so I suspect something fishy, Anybody care to affer an explanation?
Looking good here slops. Plenty of value at this level. Stop talking to yourself now.
Thankyou Slops. Best of luck here.
10% in a week. 90p looking good here. Well done Slops.
Reiterates the message in last weeks IC also. Been watching his tips for months now and the guy is 100% profit, so I'm in, for the 90p target. Makes you wonder how the rest of the staff at IC come up with such turkeys at times.
Great online IC article by Simon Thompson. Strong asset backing including cash in the bank and its HQ building. Porfitable business thrown in for free. Profits and dividend expected to rise. 90p target.
Interim results broadly in line with expectations, with positive effect of Seymour Pierce acquisition expected to show in current full year with full effect seen in 2014. Net assets plus cash on hand equivalent to £21m compared with £14m currrent market cap. So, at these levels you're getting a company with about 87p per share of assets for a 33% discount (so 50% potential upside) and the business thrown in for free. Good value on a 6 - 12 month view.
The group expects this transaction to be earnings enhancing during the year ending November 30th 2013. Seymour Pierce fell into into administration last month and is now called Tenebris Realisations.
AIM-listed financial services group WH Ireland has acquired Tenebris's private wealth management arm, formerly Seymour Pierce. The Manchester based stockbroking firm paid 25,000 to buy Seymour Pierce, one of the oldest brokers in the City of London, out of administration. The deal boosts WH Ireland's managed funds by about 15%. "The acquired assets include Tenebris's private client list and, as part of the transaction, the assets under management relating to those clients, valued at approximately 270m, will transfer to the control of WH Ireland," it said in a company statement. WH Ireland Chief Executive Officer Richard Killingbeck said he was pleased to secure this agreement with the administrators of Tenebris. "Part of our Private Client growth strategy is to seek to acquire private client teams and assets in existing WH Ireland office locations and this transaction will add considerably to our London based assets under management."
sadly i can see this one slipping alot further over time, its a shame.