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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| W.h. Ireland Group Plc | WHI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.25 | -8.06% | 2.85 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.85 | 2.85 | 2.85 | 2.85 | 3.10 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 10/10/2024 07:10 by chrisdgb Missed that value investor Worsley was now on the register..... |
Posted at 28/7/2023 15:12 by oceans4 I agree. The individuals most adversely affected in this scenario are the hardworking general staff responsible for keeping the business operational and the clients of WH Ireland. It's important to note that this situation is entirely unrelated to any challenges faced by the markets throughout the year. Anyone with even a basic understanding of the situation will recognise this fact.Many Qs, but here are a few 1. Why is Philip Wale still in the job? 2. Why is Philip Wale getting 6,666,666 nil cost options? 3. Why is Michael Bishop getting anything? One could put forward a strong case explaining how he has single-handedly played A key role in wrecking the WM side business as of late. 4. Why is Simon Jackson getting anything? 5. Harry and 4,166,666 shares for arranging the placing? This does not add up, other than the guy has too much influence. Investors would significantly benefit from using the circa £5m to establish a new wealth management business or even just a portion of this amount. In my view, it is not wise to invest good money after bad. With a £5m investment, the business could grow substantially within three years, surpassing WH Ireland in size while also becoming compliant, profitable, and attractive to potential buyers. Setting up and managing a wealth management business is not an overly complex task – in fact, it is quite feasible and achievable even with no start up cash. |
Posted at 17/5/2023 14:21 by melloteam Just to let shareholders and prospective investors know that WH Ireland will be attending Mello2023. We have created a two day physical investor conference (23rd & 24th May) at the Clayton Hotel and Conference Centre in Chiswick that will include 15 top quality keynote speakers, 12 educational workshops and panel sessions, 50 exhibiting companies plus over 80 company presentations for investors to evaluate and understand their current or future investments. For a £25 bonus add-on price delegates at Mello2023 are also invited to make it a three day visit and join us for the Mello2023 Virtual event the day after, Thursday 25th May. Tickets are still available and if you would like one at half price then enter the code MMTADVFN50. |
Posted at 14/12/2022 08:14 by oceans4 I was thinking the same. My best guess is it's because the company has lost a number of key people over the last year. And that they were partly responsible for gathering data that feeds into accounts for results. Plus, having problems tallying this with previous results. Or the announcement is just being timed with Christmas in the hope that investors don't notice - lol. |
Posted at 16/11/2022 12:19 by oceans4 Company staff are off loading their shares at any price. Agreed - The board should be sacked in its entirety. And plans put in place to sell the business / give it away. There is little value. The company now needs to focus on looking after the interests of its clients and staff. Of which many will have been with the firm for decades. The major shareholders are experienced investors and will have known what they were getting involved with (or at least should). |
Posted at 09/11/2022 11:45 by oceans4 Polygon's investment in the Company is a mystery - it's not like they are inexperienced invest |
Posted at 22/9/2018 19:11 by gargoyle2 Simon Thompson (IC):There has been some important newsflow from Aim-traded shares in WH Ireland (WHI:107p), a corporate brokerage and private client wealth manager. Firstly, 21.86 per cent shareholder Kuwaiti European Holding has exited. Its holding of 6.52m shares has been effectively acquired by existing shareholders Oceanwood Capital Management and Polygon Global Partners, and new shareholder M&G Investments. The three institutions are also backing a £2m placing of new shares at 100p to increase WH Ireland’s core tier 1 capital ratio (11.2 per cent at end of March 2018) and ensure the company has adequate resources in place to comply with the FCA’s capital adequacy requirements. The fundraising bolsters pro-forma net funds to almost £9.5m, and is subject to shareholder approval at a general meeting on 10 October. Their backing is significant as it comes after WH Ireland posted a thumping £2m operating loss in the last four months of the 16-month reporting period to end-March 2018 (new financial year-end) due to the resolution of legacy issues as part of a major restructuring of its private wealth management arm. I certainly wasn’t anticipating that, nor was the market. I wasn’t expecting chief executive Richard Killingbeck to depart either. He is being replaced by former Panmure Gordon boss Phillip Wale. WH Ireland had previously reported an underlying operating profit of £423,000 on revenue of £28.5m in the 12 months to end November 2017. The company incurred around £2.5m of restructuring costs in the 16 months to end-March 2018 with the aim of generating £2m-worth of cost savings in the current financial year by targeting a greater proportion of higher-margin discretionary (accounting for more than two-fifths of assets under management of £2.56bn) and fee-paying execution-only mandates (a third of the total). Clearly, Oceanwood, Polygon and M&G are taking the view that with the restructuring now complete, trading conditions more benign since the start of April and monthly fee income of £1.3m equating to 55 per cent of overall revenue, WH Ireland is finally in a position to capitalise on the hefty investment it has made in its platforms and IT infrastructure and create a scalable business. Understandably, other investors have had concerns with the management changes and the hefty loss reported, which is why the shares are down by around 7 per cent since I last covered the company ('Running gains’, 21 May 2018). However, M&G Capital’s emergence on the share register with a 14.2 per cent stake is very interesting at this stage and is clearly a vote of confidence in the business. The fund manager wouldn't have taken such a large new position without having a degree of confidence that WH Ireland has turned the corner. We will have to await the half-year trading update from the company to ascertain whether that is the case. So, having first advised buying WH Ireland's shares at 68p ('Broking for success', 1 August 2011), it makes sense to continue to hold on to your shares. Hold. |
Posted at 20/9/2018 10:35 by gargoyle2 Another placing. What a shambles. At least they wouldn't have had to do much work on the placing announcement, it's almost a word for word copy from the 23 January placing announcement.On a more positive note though, good to see Polygon and Oceanwood staying committed, although they probably have little choice at this point. M&G is a welcome new investor. |
Posted at 20/9/2016 11:25 by tromso1 More to come?"potentially as the precursor to a full takeover of the London-listed firm." A chance to get in 10% cheaper than the 140 paid by the Kuwaitis yesterday. |
Posted at 20/9/2016 09:11 by mctmct Equity Development say the price was 140p:---------------- W.H. Ireland ("WHI") has gained a new and powerful strategic investor in Kuwaiti European Holdings ("KEH"), the vehicle of the highly respected Al-Humaidi family, which has purchased 23% of the shares at 140p per share, a 39% premium to Friday's closing price. KEH owns substantial businesses in leisure, property, financial services and healthcare, including an investment management company in Kuwait and a FCA-regulated firm in the UK. The FCA has approved a "change of control" allowing KEH to buy up to 29.9% of W.H. Ireland. We can visualise significant benefits: firstly synergies between WHI and the Kuwaiti investment manager (many Kuwaitis wish to invest in the UK), secondly KEH will use WHI's expertise when making other investments in the UK, thirdly KEH's access to capital can fund any attractive acquisition opportunities that come WHI's way. The price KEH paid for the shares is a substantial 42% discount to our estimate of a sum-of-the-parts valuation for WHI (of 240p per share), but an almost equal 39% premium to the market price on Friday evening (pre announcement). Paying £8m+ at a significant premium to the market price looks like a strong vote of confidence in the strategies that WHI CEO Richard Killingbeck and his team have been pursuing. |
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