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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| European W. | EWG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 17.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 17.50 | 17.50 |
| Top Posts |
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Posted at 21/11/2017 09:10 by fillipe Mid-price up almost 10% as I type with the lowest ask showing on L2 now at 40p.Still a plenty to go for here when you look at the progress made to date and the 100p share price for EWG of over 3yrs ago. f |
Posted at 28/3/2017 10:26 by kimboy2 From Proactive;To slightly misquote the Beach Boys, it’s was all about “FUM, FUM, FUM” for wealth management firm European Wealth Group Ltd (LON:EWG) in 2016. FUM is the asset management industry’s short-hand for funds under management, and it is safe to say that “more” is regarded as “better” in this line of work, so it is just as well European Wealth Group’s (EWG) FUM is/are heading north. EWG saw funds under management (FUM) rise to £1.5bn by the end of 2016; that’s 22% higher than the £1.2bn it had at the end of 2015. Over the same period, the FTSE All Share could only muster growth of a little over 12%. Furthermore, the end-2016 number does not include the £110mln of funds coming into the group from its purchase of the Towry book of business last October. As a result of the strong organic growth coupled with the addition of CIMCO, which it bought in September 2016, EWG expects revenues for the year to be “significantly higher” than 2015 at somewhere north of £9.3mln, which would represent an increase of at least 24% on 2015’s £7.6mln. The Brexit vote, expected to put a spanner in the works if it went the way of the Brexiters – which it did – proved to be a boon rather than a curse. The second half of 2016 saw EWG maintain the momentum built up in the first half, with a strong performance from the investment management and dealing business in the aftermath of the Brexit vote. Buy and build EWG’s stated aim is to grow through targeted acquisitions and to consolidate in the investment industry in the wake of regulatory changes that changed the landscape, particularly for independent financial advisers, or 'IFAs' as they are known in the trade, who were rocked by the Retail Distribution Review (RDR). The RDR introduced new rules aiming to improve standards of financial advice and consumers' understanding of the costs involved. John Morton, EWG's chairman, said EWG, which listed on AIM in 2014 after a reverse takeover, had been established with the "post RDR world in mind". City firm Panmure Gordon is a fan of the company, saying EWG has built a "scalable platform", has good organic growth prospect and scope for further acquisitions in the UK and overseas wealth management market, which is "ripe for consolidation" following the RDR reforms. Most of the rule changes have been in the financial planning side, where the payment structure has shifted from commission to a more professional on-going fee charging model. This has meant a number of smaller IFAs and sole practitioners have been driven out of business, unable to sustain margins and that's where EWG stepped in. "Clearly there is becoming a need for there to be size (scale) to be able to make a good return on the investment of being in the industry," said Morton. "That gives us an opportunity to look at a number of acquisitions." In its February trading update, Morton said: "European Wealth continues to make selective acquisitions whilst continuing to invest in resources into the organic development of the business." Regulation, regulation, regulation If EWG has benefited from changes such as the RDR, it recently acknowledged that MiFiD II – a tighter set of industry regulations that will come into force at the start of 2018 – will create a “challenging environment” over the coming year, but it is confident that it is still well-placed for future growth. “Continuing changes within the industry, particularly those covered by MiFID II, are likely to throw up an increased number of acquisition opportunities, all of which will be carefully analysed by the board; however, the noticeable increase in the valuation of investment management and financial planning businesses has resulted in the board's focus shifting towards accelerating organic growth in the shorter term,” the group said. In an otherwise upbeat update, a slight note of caution was raised with EWG saying an increased need for working capital meant it was keeping a close eye on its cash position ahead of its loan note obligations that are due in June this year. At the end of March, EWG appeared to lay these concerns to rest by entering into a £720,000 12-month loan facility. The facility carries an interest rate of 10% over the term of the loan. The loan will be used to provide adequate working capital for the company in the near term and will ensure that the company can meet its obligations as they fall due. |
Posted at 06/7/2015 20:34 by kimboy2 From proactive;European Wealth's (LON:EWG) plan to grow through targeted acquisitions and to consolidate in the investment industry in the wake of regulatory changes is rolling on apace as underlined by its purchase of ISM, completed last week. ISM is a City based independent financial adviser, or 'IFA' as they are known in the trade, and had sales last year of £1.1mln and will further strengthen European's financial planning business (the other arm of the group is investment management). City broker Panmure, which rates European's shares a 'buy', expects the purchase to add £1.2mln to the group's future revenues on an annualised basis and would be "materially accretive" to earnings per share (EPS), which it expects will grow to 0.8p in 2015 full year results. The broker applauds EWG, which it says, has built a "scalable platform", has good organic growth and scope for further acquisitions in the UK and overseas wealth management market, which is "ripe for consolidation" following the RDR reforms. By 'RDR', Panmure is referring to the retail distribution review three years ago, which introduced new rules aiming to improve standards of financial advice and consumers' understanding of the costs involved. John Morton, EWG's chairman, explained how this had created acquisition opportunities for the newly incarnated EWG, which listed on AIM in 2014 after a reverse takeover, as it had been established with the "post RDR world in mind". Most of the rule changes have been in the financial planning side, he said, where the payment structure has shifted from commission to a more professional on-going fee charging model, he said. This has meant a number of smaller IFAs and sole practitioners have been driven out of business, unable to sustain margins and that's where EWG stepped in. "Clearly there is becoming a need for there to be size (scale) to be able to make a good return on the investment of being in the industry," said Morton. "That gives us an opportunity to look at a number of acquisitions." A notable acquisition by the group, said Morton, was Worcester-based financial planning outfit Bradley Stewart in 2012. It meant EWG instantly took on a number of pension management schemes, complementing its financial planning side but also offered customers’ another service. A lot of Bradley's clients were also retained as they were moved from the commission world to fee-paying, said Morton. "It really gave us the backbone to then be able to acquire a company called Compass, which had the effect of really bulking up the volume going through the business and therefore giving us the sort of economies of scale we were looking for." Surrey-based Compass, which was bought last summer, had £31 million in funds under influence and in 2013 posted turnover of £434,230, of which around 76% was recurring income. It recorded a pre-tax profit in the year of £154,250. Meanwhile, in its maiden set of full-year numbers in May, European Wealth clearly showed just how such acquisitions were paying off. Funds under management (FUM) stood at £1.03bn at the end of 2014 - an impressive 59% higher than at the end of 2013. Revenues increased 16% to £6.7mln from £5.8mln in 2013, while the earnings before interest, tax, depreciation and amortisation narrowed to £203,000 from £368,000 the year before. Panmure sees revenues rising to £8.2mln in 2015 and £10.2mln in 2016, when adjusted EPS is expected to have reached 6.8p a share. Last year the firm said it was aiming to get to around £3bn in funds under management in the next three years - an aim which is "on track", said Morton, but added that the group didn't intend to make acquisitions just to attain that number. "I think it's more important to build a high quality, sustainable business," he said. The stepping stones to achieving that certainly appear to be in place, not least due to the current government changes in pensions rules and the way people can manage their own investment affairs in a much more hands-on way. "A good flow" of people are knocking on EWG's door currently, if only out of confusion, said Morton, in the wake of big pension changes - the most notable being the new ease of access and ability to take lump sums. "The whole pension world is getting turned on its head," said Morton and he reckons it will take at least six months before the "noise dies down". "It's almost creating a new way of saving and having as much effect as the introduction of ISAs and PEPs did donkey's years ago. One can't underestimate the impact," he said. All of this augurs well for a business that is unencumbered by any legacy issues and has management experienced in integrating new businesses. Lets leave Panmure the last word: "EWG has de-risked the business through its centralised investment process incorporating risk based modules that has driven consistent investment outperformance. EWG has been designed to be client centric and compliant." Panmure has a price target of 140p on the shares - pretty handsome upside considering they are now at 88.5p. It will be very interesting to see just how much the group grows – investors will hope in the same way its customers' portfolios also attract growth. |
Posted at 07/7/2014 11:44 by sammy_smith Listen: European Wealth (EWG) - Trading update Click the link below to listen |
Posted at 01/8/2013 11:36 by fillipe Small dir buy today, but you also may be able to pick some up at 1.18p as long as the amounts are not huge...... that price for say 100k should be possible - for now.this is a total sleeper, pending newsflow. f |
Posted at 26/6/2013 20:09 by fillipe Hi emps....trust all's well with you and yours.I've read the various RNS's for EWG - read some a few times over! I'm unsure quite what to make of this one, given there's so little gossip around about them. Have you any further thoughts on "what a story"?....Ta muchly. Best wishes f P.S. SKP seem to have legs, despite the huge debt, but encouraged by their most recent RNS. Singer say 8p of eps for 2014, with few shares there and a full list. |
Posted at 26/9/2011 11:12 by piedro The results in perspective ....... the first half (H1-) has never been good for EWG, but the latest interims (H1-11) show a useful profit and, if the end of year results follow the trend ... ... ... we can look forward to a PBT of ±£200,000 for this year - IMHO |
Posted at 09/5/2011 19:15 by ukinvestor220 queen was so impressed she's growing her own wine now outside slough - how does this bode for EWG .... attract attention or dilute the market ?? |
Posted at 14/4/2011 12:07 by ukinvestor220 KeywordCompany EPIC/TIDM SEDOL/ISIN News Price Announcements Fundamentals Article RSS English Wines Group plc (EWG) Add to Alerts list Print Mail a friend Thursday 14 April, 2011 English Wines Group plc Final Results Final Results English Wines Group plc ENGLISH WINES GROUP PLC CHAIRMAN'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2010 Summary I have pleasure in presenting the company's Annual Report and Financial Statements for the 12 months ending 31st December 2010. Overall turnover has risen by 7% to £2,668,249 principally due to a 6% increase in volume of wine sold. Gross profit is up 5% at £1,260,992, a gross profit margin of 47%. The Group made a pre-tax profit of £84,557 compared with a pre-tax profit of £61,828 in the previous year.* The 6% increase in volume, along with the impact of increasing raw material and fuel prices and unfavourable exchange rates, has led to an overall increase in cost of sales of 9%. Administration and marketing expenses have been tightly controlled, increasing by only 3% on a like for like basis at £1,007,605. Operations We continue to make good progress on our key targets:- Pricing continues to move forward. Despite poor trading conditions and heavy discounting on Champagne, our average selling price (excluding duty) has increased by 1%. Volumes are being managed to maintain supply to key customers. We are receiving strong support from D&D (formerly Conran) restaurants, Ramsay Holdings, Gary Rhodes, Selfridges, Roast and other well known prestige accounts and this is helping to improve awareness amongst our target audience. Similarly, we are receiving strong support from key retailers including Waitrose, Sainsbury, Marks and Spencer, Morrisons and Majestic. Overheads continue to be well controlled, with bad debts at almost zero in spite of the recession. We continue to seek growers to supply us with premium grapes. The development of our land at Kit's Coty, Aylesford has been successful, with the first small crop harvested in 2010 The 2010 harvest was 30% up in volume terms on 2009. |
Posted at 12/7/2010 20:43 by chutes01 Good article for EWG in sunday mail. |
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