Walker Crips Share Discussion Threads

[davydoo] 22/11/2021 16:24

Barker Poland alone is worth over £5m, add the cash, and the rest of the business is essentially free

[chrisdgb] 22/11/2021 15:04

Agree with all this, it is one of very few situations trading at a materially different factor to where it should be......

[value hound] 22/11/2021 14:35

Hi RM and Arthur. For once, I fully agree :-) and bought some last week at 30.15p. It's a tough one to value accurately IMO, but I don't intend to sell any sub 50p (m/cap £21m). But even that would be an absolute drop in the ocean compared with the valuation mooted for Succession Wealth as Arthur has pointed out in the link above; £8bn assets managed = £400m, WCW has £3.4bn AUM, valuation now <£13m (a little over NTAV); simplistic perhaps, but still...!

[rainmaker] 22/11/2021 14:10

From the Walker Cripps annual report, released 20/8/2021-


"I mentioned earlier that it has been pleasing to see an improvement in management fee income as markets have recovered. Total Assets Under Management and Administration ("AUMA") averaged GBP4.9 billion during the year, compared with GBP5.0 billion in the previous year, affected by the collapse in equity markets in March 2020 due to the onset of the global pandemic. Discretionary and Advisory Assets Under Management were similarly impacted by the market decline, though recovered by end of the year to GBP3.4 billion (2020: GBP2.8 billion). Total AUMA is up 24% from March 2020 levels to GBP5.4 billion (2020: GBP4.3 billion)."

Remember that their market cap at the current share price is just £12.60mln

AIMHO, DYOR as I have done mine

regards

[rainmaker] 22/11/2021 11:44

Hi Arthur and Co, I have been buying Walker Cripps(WCW) this morning, adding to my holdings and in many years of Stockmarket Value Investing, I cannot remember another Company that is both so massively and obviously undervalued. I'm going to be buying a lot more as IMHO at current levels its a gift or early Christmas present:-).

AIMHO, DYOR as I always do mine

regards

[arthur_lame_stocks] 09/11/2021 11:05

I agree and bought some more this morning. If the price stays this low I will buy more as and when funds allow.

[chrisdgb] 09/11/2021 10:56

Good spot, if anyone wants to do the maths, it is eye watering.......

[arthur_lame_stocks] 09/11/2021 09:53

There was an article on MSN this morning which I can't find now about a wealth manager with £8bn under management which has put itself up for sale at £400m.

That makes WCW look dirt cheap if those sorts of prices can be achieved.

[chrisdgb] 28/10/2021 14:31

Remember the Charles Stanley valuation over the summer would make this 115p per share.....even if you think it is not quite the same business, still a massive gap..

[chrisdgb] 27/10/2021 10:45

Asset markets continue to be strong, remember deals done in the sector mean this should be at least a £1 per share..........my most undervalued holding but as ever patience!

[chrisdgb] 14/10/2021 07:56

With interest rates finally about to rise, should provide an income boost here in the coming years....

[chrisdgb] 17/9/2021 13:54

So many deals in the sector, the bigger shareholders should sell this......

[gbenson1] 08/9/2021 13:30

Can't buy anymore than £500 worth of stock @ a fixed price with iii.!!

[chrisdgb] 07/9/2021 12:42

More 'nibbly' buying, this is simply way too cheap......

[chrisdgb] 25/8/2021 08:27

Some nice buying yesterday.....

[baddeal] 20/8/2021 22:18

Announcing results at 15.40 on a Friday afternoon. There is financial pr for you!

[davydoo] 20/8/2021 16:59

Wish they'd drop the reg tech venture, what an unnecessary distraction

[davydoo] 20/8/2021 16:58

it is bonkers

Especially when you look at what they paid to buy £0.23bn of assets with Barker Poland in 2015, which was a good deal by todays prices, and assets are likely to be much higher now

[chrisdgb] 20/8/2021 16:02

Total AUMA at £5.4 billion for a market cap of £14.2m....bonkers....!

[chrisdgb] 20/8/2021 15:57

Well spotted, nice outlook statement and dividend back, will go through in detail.......

[redalert] 20/8/2021 15:49

results are out

[chrisdgb] 18/8/2021 15:39

As I have mentioned before, comparable deals would indicate this should be closer to a £1......

[arthur_lame_stocks] 18/8/2021 09:52

No price though as far as I can see, that would give us a steer on what this might be worth.

[chrisdgb] 18/8/2021 08:31

The quest for assets continues, M&G purchase today continues the trend.....