W.h. Ireland Share Discussion Threads

[gargoyle2] 26/6/2015 06:48

Very positive trading update imo. 'Significant' growth in management fee income and recurring retainer fee income 'continuing to increase'. The only blot is that market making revenues are lower than last year, although as a % of total revenue I don't think market making is a huge contributor. (I'd need to check that though.)

[gargoyle2] 22/6/2015 10:01

Trading update here soon? 23 June last year. They seem to have had a strong start to the year.

[sharesoc] 02/6/2015 11:09

We are holding one of our popular Investor Masterclasses in Manchester so local investors and shareholders in WHI may be interested in attending as WHI is based nearby our venue...

[gargoyle2] 01/6/2015 11:23

Another tick up towards the 105p resistance here. Through that and we could be away, imo.

Trading update likely in the next couple of weeks. We already know they've had a strong start to 2015.

DYOR

[gargoyle2] 27/5/2015 12:18

Ticking up here. If we can get through the resistance at 105p, then we could be away back up to 120 pretty quick imo. DYOR

[gargoyle2] 22/5/2015 12:13

Darrener, 5 posts on ADVFN in 6 years, all on WHI. You don't happen to work there, do you? :) Good to have an insider around. The price has ticked up today, so maybe the ops director leaving isn't such a bad thing..

[darrener] 22/5/2015 09:20

Ear to the ground!

[meijiman] 22/5/2015 07:53

you must have a contact there Darrener?

[darrener] 21/5/2015 20:18

Operations director gone - 2nd one in two years -
what is going on??

[gargoyle2] 21/5/2015 05:38

I'm expecting a trading statement before then. Issued on 23 June last year.

[tanelorn] 20/5/2015 23:53

Thanks for the post, am content to hold, and expect more buying activity leading up to mid year report.

[gargoyle2] 20/5/2015 13:32

Strong start to 2015, according to this item posted on the 'News' section of the WHI website a couple of days ago (although not the subject of an RNS):



Trading update next month should confirm it, imo.

[gargoyle2] 06/5/2015 06:44

Interesting RNS. Just looks like Polygon are now holding actual shares, rather than by way of CFD through JP Morgan. They have increased their shareholding slightly since the initial announcement of their interest back in March.

Oceanwood and Polygon, who both seem to have similar ('event driven') investment strategies, now hold over 22% of the company. I wonder what they have in mind..

[gargoyle2] 01/5/2015 13:02

Actual sell and buy prices at the moment (for a 10k deal) are 104 and 107. With a quoted spread of 102/107, that suggests that someone is keen for these.

tanelorn, I think that has to be the right decision..

[tanelorn] 01/5/2015 12:27

Gut instinct; I'm not selling!.

[gargoyle2] 01/5/2015 10:12

And now another trade gone through, even bigger -- 1.9 million shares, that's 8% of the company. Lord Marland has a stake about that size..

[gargoyle2] 01/5/2015 09:05

Nice breakout here yesterday. I noticed that a large trade has just gone through at mid-price -- over a million shares, that's over 4% of the company. (It's around the same size as the Chairman Lowe's stake -- wonder if it's him selling out?) Looking forward to the RNS.

[courant] 12/3/2015 08:44

From memory he's been on board for a while and has gone on the record as seeking consolidation in the wealth management/broking sector.

[paleje] 12/3/2015 08:18

Interesting new shareholder declared this morning, Polygon is controlled by hedgie Reade Griffith.

[tanelorn] 09/3/2015 10:36

Ex divi 12th March. Payment circa 10th April. 2p
oohh!, my 'cup runneth over' with glee!. I'll try not to spend it all at once.

[courant] 04/3/2015 08:39

I'm quite pleased with the results, actually, especially considering the year AIM has had, which WHI are most exposed to on the broking side of things. The valuation here is underpinned by the wealth management business and, as others have pointed out, the sum of parts valuation is at least double the current share price. Progress here seems good, revenue per £ in AUM was historically relatively low (compared to other wealth managers) and is improving, and AUM is growing. Happy to ride this one out, even if a value outer is a bit longer on the horizon - on a valuation basis, it's one of the cheaper shares in my portfolio.

[darrener] 03/3/2015 11:17

Smoke & mirrors!!!!

[paleje] 02/3/2015 13:51

Glass half full or half empty. IC's Simon Thompson has issued an upbeat piece on them today with a 140p Buy reco, I can't paste the full article but the opener is:-

Broking for bumper profits

Aim-traded private wealth management firm and corporate broker W.H. Ireland (WHI: 92p) has reported full-year profits well ahead of market expectations this morning following December’s trading update. In fact, the company’s adjusted operating profit of £1.45m was not only well above guidance of “between £1m to £1.1m” given at the end of last year, but was also significantly up on the £900,000 reported profits in the 2013 fiscal year......

[salpara111] 02/3/2015 12:22

Agreed, there is nothing wrong with the business however it is pretty clear that there are too many small brokers around, WHI say it. PMR say it as well.
I do think it would be helpful if there was a round of consolidation but no-one seems to want to get involved at present.
I made a tidy 7% on my very short term trade here but sold as both the market reaction and their own forward looking statement were rather negative.