Share Name Share Symbol Market Type Share ISIN Share Description
Harwood Wealth Management Group Plc LSE:HW. London Ordinary Share GB00BYYWB172 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 132.50p 130.00p 135.00p 132.50p 132.50p 132.50p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 32.7 2.0 1.9 69.4 87

Harwood Wealth Management Share Discussion Threads

Chat Pages: 1
Glad they've been able to borrow to fund more acquisitions rather than issuing more equity down here. Last fund raise was at 150p
And so it was. Good set of numbers today, and looks like more acquisitions that will feed through to the full year numbers
AFH results were very positive today. They have been more aggressive with acquisitions than here, but reading across looks good
Reminds me more of MTW.
True - but this caught my eye - big %s - small free float What we can't easily know as a new listing is this the start of an aggressive new cycle (by looking at old results) - I guess the cycle kick started in apr 15 with pension reforms - then had a second acquisition led spree with the IPO - so nearly 2 yrs in - 1yr in from the IPO new lease of life - so could be another yr or two of big %s. I presume they are mostly buying small groups of IFAs & their 'book' - CR wasn't a fan of this style of people orientated buy to build (Auwkett? Architects was it?) because the good ones can just leave & perhaps start up elsewhere after a time. But HW do seem to have a rigid process that works (a bit like a franchise formula) and a new technology platform to centralise access and acc management I presume - if a very good system package it may make each newly acquired 'book of clients' & teams of IFAs more sticky. ie if they get access to better compliance, IT systems, easy reporting, better visibility, cross selling, wider product ranges etc than before. The pension advice/release mkt is particularly ripe for expansion. If the franchise style formulaic expansion really works they could just keep relentlessly pushing it out. Reminds me a little of DPP (pizza lol) took a while but they just kept expanding the formula through thick n thin - 5 bagged. Assets under influence (AUI) up 75% to GBP2.1bn (2015: GBP1.2bn) -- Revenue up 47% to GBP11.6m (2015: GBP7.9m) of which more than 75% is recurring -- Gross margin of 61% (2015: 56%) -- Adjusted EBITDA* is up 42% to GBP2.7m (2015: GBP1.9m)
Someone finally opened a thread, this is no IT LMfar too illiquid to buy on news
Spread and illiquid puts me off Lucky.
Chat Pages: 1
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