Walker Crips Share Discussion Threads

[freedomexpress747] 01/8/2023 21:31

Hi, never been a holder here, but it strikes me some visionary leadership could transform this company. Get rid of the commission men... who owns the clients anyway? Work out what historic legacies are? Exactly how much capital is needed and find a better use for the excess capital. Merger? Shame that this business can't organise itself.

[davydoo] 01/8/2023 16:47

Barker Poland in London, and Wealth Management in York are worth something, everything else is risk and distraction.

[arthur_lame_stocks] 01/8/2023 10:31

This is a frustrating share to own. I still believe the intrinsic value is considerably in excess of the market cap but the company seems remarkably accident prone. The small dividend is also disappointing given the cash position.

[29palms] 01/8/2023 08:50

Naughty, Naughty WCW

Release of figs “after the bell” not good IMO

Note 10 Exceptional Item:
Stamp Duty Reserve Tax liability to HMRC resulting from a system monitoring error where stamp duty was omitted from client contracts. A voluntary disclosure to HMRC will be made and we presently estimate the cost of repayment, potential penalties, and related costs, net of tax, to be GBP878,000.

[galles] 01/8/2023 08:38

Pretty muted response

[galles] 01/8/2023 07:30

Can't figure out how the market will react. Cash is now more than market cap. Profit massively up but hit by exceptional items, dividends CUT. Might open down because of the dividends news but quickly bought due to the shares being backed by cash?

[gbenson1] 31/7/2023 08:44

Results due anytime now, last year they came out on the 29/7, in interims they said they face curtains headwinds and that rising interest rates were negative for results which i don't quite understand? There's a 1 trade this morning perhaps results imminent?..

[arthur_lame_stocks] 28/7/2023 22:55

Worth a read.

[davydoo] 28/7/2023 09:34

WHI on course to be worth less than it paid for Harpsden

[arthur_lame_stocks] 28/7/2023 09:26

I think though WHI's Wealth Management business is or at least was until recently, profitable.

[davydoo] 28/7/2023 09:21

W H Ireland on the rocks, different business with its capital markets division, but interesting to see what's happening amongst the smaller listed players

[chrisdgb] 17/7/2023 12:47

Oh sorry, I just mean Gresham House.........

[arthur_lame_stocks] 17/7/2023 12:27

Who was it Chris? Have you got a link.

[chrisdgb] 17/7/2023 08:48

Another bid in asset management land today........

[gbenson1] 11/7/2023 08:32

A lot of the smaller U.K. wealth management company's have already been taken over, surely WCW have had the rule run over them? Results are due later this month..

[chrisdgb] 11/7/2023 07:59

Well, if STM is worth 70p (closed at 27.5p) just imagine what this is worth.......

[arthur_lame_stocks] 07/7/2023 16:38

Looking at prior years we may get the results this month, if not I expect it will be no later than August.

[chrisdgb] 22/6/2023 07:45

Another beneficial interest rate rise today, shame no one cares with this stock........

[chrisdgb] 31/5/2023 09:15

Would be interesting and I also think they were downplaying the positive impact of interest rates in the interims so will be fascinating to see next results, lets hope for an even better dividend.....

[arthur_lame_stocks] 28/5/2023 10:40

There's an article in the FT that's worth a look. It's behind a paywall but if you type "verso wealth hires new chief ahead of acquisition spree" into Google you should be able to read it.

I guess we can but hope that Mr Lim is going to put WCW up for sale.

[chrisdgb] 25/5/2023 10:04

Market cap now the cash balance..............!!!

[chrisdgb] 09/5/2023 15:55

Interesting, thanks............

[small cap value investor1] 04/5/2023 17:40

I was the purchaser of the larger trades today
Cash on hand exceeds market capitalisation
Earnings improving on both cash on hand and margin on Clients cash
A geographical spread of branches and a Stock market quotation
A decent amount of assets under management
Can't see much down side
It was a bit mean to reduce the interim dividend a commitment to a more generous dividend policy would underpin the share price
We just have to live long enough to see the share price reflect all the potential

[chrisdgb] 04/5/2023 15:30

Think of the interest margin they must be making........