W.h. Ireland Share Discussion Threads

[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.......

[rohkap] 19/1/2007 20:56

Could be a fallout from Bridgewell's results where they warned over tough trading conditions during the summer + higher staff costs? I guess all will be revealed soon!

[jjbaumhardt] 18/1/2007 22:15

Anyone still interested enough to comment on the recent share price falls?

JJB

[daz] 18/12/2006 15:12

Looks like it's bounced from the botton of the trend channel, looking at the charts in the header

[its the oxman] 18/12/2006 14:55

so why the strong bounce - to just under 140p?

[maximoney1] 08/12/2006 00:13

Looks like they're playing it out to the outer limit of the minor trend....if so, should get some movement in a few more days....imo.

maxi ;-)


edit...wonder whats with the large T trade sells....didnt seem to affect the share price much?


free stock charts from www.advfn.com

[handycam] 30/11/2006 08:32

Shore cap. raises £10m this morning. Ties in rather nicely...

[moogies] 24/11/2006 10:02

WH Ireland Group names Roger Lane Smith as non-executive director
LONDON (AFX) -

WH Ireland Group PLC said it has appointed Roger Lane Smith as a non-executive director with immediate effect.

Lane-Smith is non-executive chairman of JJB Sports PLC. He was Senior partner and chairman of DLA Piper UK LLP. He is also a non-executive director of MS International plc, Dolphin Capital Investors, Timpsons PLC and a number of others. [e-mail] ypv/tc

[rohkap] 15/11/2006 22:11

AGM statement from Ultimate Finance not too promising and I havent seen too many AIM admissions from WHI recently. Hopefully this should be offset to some extent by the strong rebound in the equity markets (boosting broking commissions and asset management fees)

Ultimate Finance Group plc ("Ultimate", "the Company" or "the Group) provides recourse factoring, invoice discounting and confidential invoice discounting

At the Annual General Meeting held today all resolutions were unanimously passed.

The Chairman stated in his comments to the meeting that he was delighted with the progress made in delivering significant growth in profit before tax, #290,494 for the year ended 30 June 2006 compared with #20,581 in 2005.

The Chairman stated that current market conditions were putting pressure on sales and margins, as a result of which progress in the first half of the current financial year will be slower than expected. However the board are confident Ultimate will continue to deliver growth over the medium and long term.