W.h. Ireland Share Discussion Threads

[makingheaps] 28/2/2007 18:36

I agree eps progress will be difficult if in the coming year there are no asset disposals but the underlying performance is good if you strip these profits out of both years. The obvious way to improve is to eliminate the loss in the acquisition. There was disappointingly littel comment on this. It may be one off or it may be a more serios issue?? The revaluation of the new building will help NAV. Dividend is useful and well covered. The forward looking statement might be disappointing but surely not surprising. If the market is to be tougher then come consolidation is likely and this should be a good target for someone. In that context it hardly seems over priced

[scotswhaehae] 28/2/2007 13:49

Not a great day to announce prelims....and not great results either imo!

Very disappointing forward statement...and most LSE shares gone now so it will be even harder to make EPS progress this year. Divi is indeed good, as is the asset base, but actual trading/AIM listings need to improve.

Disappointing imo.

[rohkap] 28/2/2007 13:02

Hope ypu're right NJP but I think traders are looking for reasons to further batter the stock

[njp] 28/2/2007 12:19

Take a look at the rest of the stocks on your monitor, Rohkap. The red ain't a comment on WHI's results. :-)

[rohkap] 28/2/2007 12:16

market seemingly spooked by trading outlook and by significant loss from acquisitions, but I think 20% increase in final divident is excellent indication of managements confidence in company. The balance sheet is looking very solid

[its the oxman] 28/2/2007 11:01

similar view - whi's time will come again - nice div now as well

[njp] 28/2/2007 10:58

Yes, excellent results but obviously overlooked.

I still have a reduced holding. Won't add, as tempted elsewhere, but very happy to hold.

[a3477681] 28/2/2007 10:52

An excellent set of results. Seems they are being overlooked due to the market turbulence. We must see value come out of these one day but in the mean time a final 3p divi is quite cheering

[makingheaps] 16/2/2007 14:32

Very nearly bailed out earlier this week thank goodness I couldn't find the time! Is this just the expectation of the results announcement or is there a rumour in the market?

[nooption] 16/2/2007 14:12

Numis on the rise today as well is it a sector thing?

[scotswhaehae] 16/2/2007 13:43

Begining to gather momentum...

Interesting times!

Good luck all!

[moogies] 16/2/2007 13:22

Thanks for that.

M.

[scotswhaehae] 16/2/2007 13:08

Barclays concensus EPS is 11.7p followed by 13p with 4.5p full year divi.

Be careful with the EPS though...so many factors....such as asset backing/cash pile which other brokers may not have, particularly freehold property backing...so I would argue a 'real comparison' PER is hugely more favourable to WHI than first sight suggests!

[moogies] 16/2/2007 12:31

Well we shouldn't have long too wait now - last years prelim results were released on the 20th Feb 06.

Can anyone indicate what brokers expect eps for year ending 30 Nov 06 to be in the region of?

Thanks.

M.

[scotswhaehae] 16/2/2007 11:44

...a while since I've posted

No change to the excellent prospects and, imo, total undervaluation of the exceptionally strong asset base here...

Results keenly awaited...and maybe WHI will start to gain recognition at long last!

Good luck all!

[a3477681] 15/2/2007 17:02

Rohkap
Appreciate your thoughts and agree the shares a very cheap. In the past on this site quite a few posters have tended to discount the warrants associated with the AIM flotations although there were probably as many who included them in their calculations.

I suppose that they continue to receive management fees as Nomad to companies they act for. I grant there has been a lot less activity on this front last year but the rest of their brokerage must have been doing very nicely thank you. I have the feeling that they are a pretty flexible company and that their results will surprise on the upside. I think there is an unfounded wariness about WHI that seems to depress the price until nearer results when they will suddenly put on a sprurt not giving a chance to get in cheaply like now.

[silverlandfinance] 14/2/2007 14:22

This company is totally undervalued compared to its peers who are trading on a p/e of 14.
It is very likely that the earnings per share for the Y/E 30th November 2006 are 17p On this basis the share price should be 238p rather than the present 130p
We shall know soon as the results are due anytime now

[silverlandfinance] 14/2/2007 14:22

This company is totally undervalued compared to its peers who are trading on a p/e of 14.
It is very likely that the earnings per share for the Y/E 30th November 2006 are 17p On this basis the share price should be 238p rather than the present 130p
We shall know soon as the results are due anytime now

[silverlandfinance] 14/2/2007 14:22

This company is totally undervalued compared to its peers who are trading on a p/e of 14.
It is very likely that the earnings per share for the Y/E 30th November 2006 are 17p On this basis the share price should be 238p rather than the present 130p
We shall know soon as the results are due anytime now

[rohkap] 13/2/2007 21:07

For whats its worth, think the shares are cheap. The underlying NAV must provide some support plus there is £500m of discretionary AUM (could be worth 1-2% of AUM) as well as some property revaluation gains that may flow through in the full year results and a relatively high divi yield (for the sector). On the negative side of things, AIM new issues seem to have dried up and WHI is not involved with any upcoming floatations (according to Bloomberg). In addition, there may be a negative mark to market on the securities portfolio given the mediocre performance of AIM last year. In terms of whether WHI may be taken over, the appointment of Rothschild was touted by the press as a precursor to a sale but nothing has materialised despite subsequent rumours

[a3477681] 09/2/2007 11:13

Gowermonkey.
It seems a bit strange that management should be looking for an exit after investing in new premises and staff and taking over DJ Carmichaels and other business enhancing aquisitions. You say they have the business up for sale but don't quote any reference to where that rumour came from. Perhaps you could elaborate a bit more on that please?

The idea that they maybe taken over has been mooted several times on this board and the consensus of opinion seemed to be that its difficult to buy out people and talent.

I still have my holding and will certainly consider buying more at these levels so all comments welcome.

[tkon] 29/1/2007 11:33

I wonder if TEG have managed what WHI would like to do. Certainly significant interest this morning!

[gowermonkey] 29/1/2007 11:23

The big issues with WHI share price is the lack of quality of earnings and lack of quality of management.A large amount of the companys earnings comes from "half commission men" who are not actually employed by the company at all.These are essentially self employed people who cleared their business through WHI.This could walk at anytime.In addition to this they are not a very fee based business like most of the rated brokers ,relying strongly on dealing commissions and corporate deals.

Management are known to have the business up for sale and and are looking for an exit in my opinion.Question is who would pay a premium to buy this asset?

HL would as you correctly say handycam produce a much better return on funds than WHI team BUT how much of the asset does the company actually own ????

[handycam] 25/1/2007 21:36

Well, nobody likes Bridgewell. Can they be trusted?

I see Hargreaves Landsdowne are coming to market at £600m. Obviously the appeteite is there. Co's such as HL could make a better return on the funds and assets at Ireland than the incumbent team, which is why we are all still long.

[cambium] 19/1/2007 22:07

same chart as evg.......