W.h. Ireland Share Discussion Threads

[gargoyle2] 09/2/2023 19:11

Confirmation of a couple of departures from WM

www.portfolio-adviser.com/wh-ireland-manager-exits-for-silverwood-wealth-management/
www.investmentweek.co.uk/news/4073950/paul-sheehan-joins-oberon-investments

“Many firms are compromising and adjusting their business models to manage an ever-increasing number of portfolios to the detriment of client relationships and service. Our goal is to do this differently, focusing squarely on building enduring relationships with clients and families.”

It seems that WH WM is moving away from the touchy feely approach to wealth management.

[creativevision] 17/1/2023 16:26

Yes you’re right about PE backed businesses buying up wealth managers but I can’t see Polygon letting this go for less than they paid for it. Wasn’t their in price in the region of 55p? Can’t see a bid at over 100% premium to current price. Of course we might see a simultaneous MBO of the capital markets arm, that gives Polygon a net neutral return. Can’t see who would finance management though.

[davydoo] 17/1/2023 14:00

Lots of PE backed financial advice consolidators buying up firms in the £1-£10m space almost daily.

A lot of work would be required to buy, separate and consolidate this business, but it's got to be worth it for someone trying to get to the oft quoted £10bn scale

[gargoyle2] 17/1/2023 13:57

Bit of share price action today. Is that bid finally coming?

[gargoyle2] 20/12/2022 19:41

Agree, he looked pretty downbeat compared to previous vids that he's done. I've never rated him, but who else is a microcap company like this going to get? Sell off the capital markets arm and have a bigger fund manager take over the rump imo. The brand name and the company's history need to be saved before the current management drive it into the ground imo.

[oceans4] 20/12/2022 17:27

Unfortunately, there's a high possibility. I don't think there's going to be a takeover anytime soon as no larger shareholder would be selling if this was a possibility. And raising capital won't help at this stage unless management is restructured in its entirety. Phillip Wale looked absolutely knackered on the results video and that pretty much sums up the company.

[gargoyle2] 20/12/2022 16:29

Melvin averaging down. Reckon we'll see some corporate action here before too long.

[gargoyle2] 17/12/2022 17:11

ESOT scheme only permitted to buy 50k shares a month, if I remember correctly. David Ross avaraging down, I hope!

[oceans4] 17/12/2022 08:13

Very likely and the shares sold matches. Maybe the WHI ESOT scheme has purchased them.

[gargoyle2] 16/12/2022 20:23

I reckon that could be M&G exiting finally. A disaster investment for them. More interesting might be who has bought them.

[oceans4] 16/12/2022 16:52

It's because these result are not good at all. There are so many warning signs if one digs a little. I think I'm just going to cut my losses on this one.

[creativevision] 16/12/2022 16:49

Someone just offloaded nearly £1m worth of stock at 16p ...

[creativevision] 16/12/2022 16:12

It's not really that disastrous a set of results if you compare to general market conditions over last 6 months. Let's see if the indication to tighten costs flows all the way to the ridiculous Board salaries.

[harry_david] 16/12/2022 09:31

Figures are better than competition. Broking services are definitely superior, not currently a shareholder but now on the shortlist.

[tomps2] 16/12/2022 08:16

WH Ireland (WHI) 2023 interim results overview - December 2022

WH Ireland’s CEO Phillip Wale presents a short overview of the Group’s half year results for the six months ended 30 September 2022.

Watch the video here:

Or listen to the podcast here:

[oceans4] 16/12/2022 08:11

What a disaster set of result :(On every level. Plus, no update on their website which likely means they have no marketing team left.

[gargoyle2] 16/12/2022 08:09

hxxps://www.piworld.co.uk/company-videos/wh-ireland-interim-results-december-22-piw/

[oceans4] 14/12/2022 08:14

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.

[gargoyle2] 18/11/2022 09:58

Someone just bought £5k worth. Takeover coming? Weekend news? I live in hope..

[charo] 16/11/2022 12:37

The crushing weight of regulation ,plus the reluctance to act quickly against rogue actors by stock exchange is destroying the AIM MARKET.Confidence is low liquidity sluggish and fund manager interest minimal.A once vibrant market generating fees and commissions supporting a healthy advisory network is collapsing.
The ever increasing cost to companies trading on AIM will lead to more delisting and further retrenchment in the advisory sector.

[oceans4] 16/11/2022 12:19

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).

[panther21] 16/11/2022 11:36

They haven’t got £2.4 m under discretionary management earning fees only £1bn see their published accounts the rest is largely simply clients shareholdings ie execution only so another delusion . Time for David Ross to take charge and sack the whole board.This company has total failure written all over it . Lowest share price ever