W.h. Ireland Share Discussion Threads

[chrisdgb] 13/12/2024 14:34

Worsley topping up..?

[chrisdgb] 13/12/2024 10:30

??? this is upside chief, not downside....

[kemche] 13/12/2024 09:57

Banana skin clearly signposted:



Estimate of contingent consideration

The sale of the CM business in July 2024 is on a contingent consideration basis to be paid in cash within 30 days of the first anniversary of Completion and is to be calculated by reference to the retainer and transaction revenue generated by the CM Division within the 12 months after Completion. This amount is to be the aggregate of 20% of the Retainer Fees, 30% of the Transaction Fees, 75% of the Market Making Equity Value and, subject to the Relevant Retainer Fees being equal to or greater than £2.75m, an amount equal to the Market Making Cash (£250k). Terms that are capitalised are defined in the relevant sale and purchase agreement dated 12 July 2024.

Based on the level of retainer and transaction revenue over the previous 12 month period, management has currently estimated this amount to be £2m. This has been recognised fully in the Consolidated statement of comprehensive income during the period and is subject to re-measurement following further assessment at 31 March 2025.

[panther21] 13/12/2024 09:52

Agreed it is only a shell now. The losses and the tragic decline continues. The interims are a fantasy including £2m credit for projected consideration not yet received from Zeus or actually yet defined! How does that work?? It confirms the board put both divisions up for sale in March last year - they just forgot to tell the shareholders at the time. Beyond belief.

[kemche] 13/12/2024 09:52

"whilst also assessing strategic opportunities for the Group as they arise."

He is a card!

[chrisdgb] 13/12/2024 09:36

Looks like a nice reverse vehicle now........upside from Capital Markets into 25' if small cap rallies....

[chrisdgb] 10/10/2024 07:10

Missed that value investor Worsley was now on the register.....

[chrisdgb] 13/8/2024 15:03

A game is afoot..........

[markgordon1] 13/8/2024 09:48

Owns no shares Says it all

[meijiman] 13/8/2024 09:37

A non holder but fascinated by this basket case. The ceo is a complete mug. He has failed in every job. Needs a sort out and quick I would say.

[panther21] 13/8/2024 09:13

And to cap it all the remaining WM division increased its losses substantially in the previous year so the board has decided not to sell it . This year there will be continuing losses and exceptional costs already incurred so half year results to end September will be awful again yet no mention of this. How long can an £11m turnover rump continue to pay its CEO nearly 400k pa for such performance no doubt a big payoff is on its way. Shareholders deserve better than this fiasco from the major shareholder Polygon

[bigbigdave] 12/8/2024 14:51

So awful indeed especially when HL. CMCX and AJB are doing so well.

[panther21] 12/8/2024 14:18

On the 3rd of June ie two months after the year end in March the company issued a Trading Statement along with some details of the disposal. Why did the statement not refer to the horrendous loss of £5.9mn just announced?How can this obfuscation be allowed to continue?Does no one care about transparency any more?

[panther21] 12/8/2024 09:16

So results for year to March are in.They are so awful they are almost funny like a Blackadder script of every disaster you can think of . At least we are being given information previously withheld (why?) on the disastrous Harpenden acquisition the failed disposal costs the farcical terms of the Capital markets disposal terms the mythical £5m which is actually £1 and the changes in accouniotreatment whenever the board changes its mind within weeks on what is for sale. A total farce should not be a public company. Do not add to the sewage in our rivers please dispose of these accounts responsibly.

[panther21] 08/8/2024 10:38

Agreed but does the current share cap allow forA big losses for last year of circa 4.5mB Write down of assets on disposal of capital markets division circa 3mC Fees for disposal of capital markets division circa 750kD. Termination payments to Bisho etc etc 500kE not forgetting bonuses to directors as always for such a wonderful job presiding over the decline of what was a good companyWhen will the FCA and the Aim team and the Takeover Panel investigate the position this company finds itself in

[chrisdgb] 08/8/2024 09:12

Agreed, it would be a clean cash shell eventually...?

Hugh Osmond with nearly 10% is particularly interesting....

[panther21] 13/7/2024 16:33

Interesting that a small group of people have been buying large amounts of stock with no apparent reason to do so provided by the company publicly. Some people have a better crystal ball than others.

[chrisdgb] 12/7/2024 12:39

Volume...........!

[chrisdgb] 12/7/2024 07:57

Let us hope they can quietly sell off the other division, at least markets are helping.....

[panther21] 27/6/2024 07:36

In last two days over 20 percent of the shares have changed hands so no doubt there will be a statement soon?

[chrisdgb] 26/6/2024 12:52

Volume..................!

[panther21] 25/6/2024 21:35

Huge block of shares changes hands see LSE trades yet no announcement or price movement when will shareholders be told what is going on????

[harry_david] 11/6/2024 10:08

We will get a bid any day

[panther21] 11/6/2024 09:45

Also Harry Ansell big commission earner and leader of all the rescue placing is going to Zeus with his high net worth clients .How much compensation being paid to Bishop? et al? Still no real trading statement. As any buyer of wealth management in the ongoing strategic review will not want the quote is a delisting likely to save costs in which case it's over as a public company so should you sell while you can?

[t123ham] 11/6/2024 09:22

I’m assuming the remaining parts won’t be around in 12 months. So Zeus gets it for £1. Michael Bishop removed from company website, yet no RNS. FCA must be looking at governance and ability of the firm to manage their client’s assets based on so few IMs and IFAs. Not sure why the remaining IMs haven’t already left. The remaining AUM will be spread across thousands of small clients