Private Punter4 Aug 2015 10:58
I am this week returning to the sector for the weekly column, with a look at WH IRELAND.
A familiar name within stockbroking and coverage of quoted companies at the smaller cap end, there is actually more to the business than many are perhaps aware of.
In penning the piece for tomorrow, I was fortunate enough to speak with the CEO Richard Killingbeck, who filled me in on some of the background and strategy for taking the business forward.
WH Ireland has, despite failing to make much of an impact on the profit front in previous years, seemingly a fair bit going for it which takes in a significant and growing position in small-cap brokering services.
Additionally, the balance sheet is sound, while there appears to have been a firm strategy put in place for increasing prospects across the board, which may bode well for the future years.
Although Theodore Agnew raised a few eyebrows last week in selling off his entire 3.6% stake, holders of the stock should not be too concerned, as his other extensive interests would appear to have been a main driver of the action.
Additionally, the shares soon found a good home, being placed with WH Ireland’s two major holders Polygon and Oceanwood Capital who in both picking up stock have also been joined by the respected Miton, which has taken an initial first stake in the company.
Any subsequent buying from the executive Directors of Ireland may also be perceived as a positive sign for the business, which is now eying ongoing improvement across the board.
The article should appear sometime from late morning for those interested in taking a look, via the usual link.
http://www.cambridge-news.co.uk/business/private-punter