W.h. Ireland Share Discussion Threads

[cwa1] 27/6/2017 08:23

SP been reasonably perky over the past few days. Delayed response to decent TS....broker upgrade...share tip-anybody seen anything specific?

[chrisdgb] 21/6/2017 09:33

turnaround well underway in my opinion..........

[meijiman] 21/6/2017 09:09

Its not so significant if you are coming from a low base or a loss making position. The release is long on waffle and short on numbers but may well herald better times ahead.

[cwa1] 21/6/2017 08:30

Is it my imagination, or is that not a fairly buoyant trading update?



The first six months of the financial year has seen further significant progression across the Company, with both divisions reporting strong momentum both in absolute terms and also relative to the comparative period a year ago, and the first half figures will show a significant improvement on those for the previous year.

I counted no less than THREE uses of the word significant in the whole update-and none of them used in a negative manner!

Does anyone know if there are any current broker forecasts out there and, if there are, what sort of numbers they expect for this and the following year?

Thanks for any input.

[gargoyle2] 31/5/2017 14:11

"Under the terms of the JSOA, Adam Pollock has an option to acquire the ESOT's interest in the JSOA Shares for nil cost at any time between 30 May 2020 and 30 May 2027 provided certain performance conditions are met based on achieving group and divisional profit targets"

Frustrating that they don't tell the shareholders what those performance conditions are. Contrast that with the terms of Killingbeck's and Cowland's deals with the ESOT, where the exercise price of their options to acquire were clearly stated in the relevant RNS. Their deals depend on the share price at certain dates, rather than performance targets, but there should still be no reason why Pollock's deal can't be disclosed imo.

[mctmct] 23/5/2017 09:32

just over 1% dilution, so in the noise so far as valuation and share price is concerned, IMHO. But I don't like LTIPs unless they are treated equally with other remuneration.

[gargoyle2] 23/5/2017 07:20

Can that be correct? 300k shares issued at 5p a share? That's pretty outrageous dilution imo. I guess it must have been approved by the major shareholders though.

[gargoyle2] 02/5/2017 16:45

Nice to see Polygon remaining keen here. Another 100k at 135p. Over 25% again.

[mctmct] 22/3/2017 09:36

Sudden drop on low volume today - does anyone here have L2 and can tell us what the book looks like?

[gargoyle2] 02/3/2017 07:15

Polygon increasing significantly since their last holdings announcement. Good sign. Looks like they are hovering up any sells.

[gargoyle2] 20/12/2016 10:16

Thanks. As at the end of June, WHI's discretionary AUM was around GBP 950 million (out of a total of GBP 2.67 billion AUM), up 24% from the previous year.

[huttonr] 20/12/2016 08:53

I think that Duncan Lawrie's AUM are all discretionary so will probably gross some 5-6M revenue - what is the WHI mix?

[gargoyle2] 20/12/2016 07:58

Interesting to see Brewin Dolphin buying Duncan Lawrie’s asset management business, spending £28m to acquire £735m of investments. What price does that imply for WHI's 3 billion under management?

[gargoyle2] 11/12/2016 04:28

Good to see Polygon, Oceanwood and KEH all stumping up in the placing recently, although slightly concerning that the company needs a placing for a mere GBP 1.5 million 'for general corporate purposes' (presumably, because they're running out of cash). Polygon and Oceanwood must be hoping for a full KEH takeover imo. We should be getting a trading update this week, I think.

[mctmct] 08/12/2016 18:35

Polygon buying again. 23% now.

[gargoyle2] 25/10/2016 19:42

70k shares bought at 125p today..

[gargoyle2] 13/10/2016 05:48

Interesting to see Polygon still buying here, imo. Up to 5,770,634 shares (22.078%), from the 5,525,634 (21.12%) last reported. So they've added around 250k shares (GBP 300k) in the last 6 weeks or so, even after the Kuwaitis took a stake. I guess that means they can't be in discussions with the Kuwaitis bout selling their stake, but positive nevertheless imo. I still hold quite a few here.

[gargoyle2] 21/9/2016 16:33

Equity Development seem to think it's not a precursor to a full takeover. However, I bet Oceanwood and Polygon will be banging on the Kuwaitis' door trying to do a deal with them. they won't want to be stuck with 36% of the company without the prospect of being taken out, imo.

[mctmct] 20/9/2016 14:00

Indeed. I did. Thanks.

[tromso1] 20/9/2016 12:25

More to come?

"potentially as the precursor to a full takeover of the London-listed firm."



A chance to get in 10% cheaper than the 140 paid by the Kuwaitis yesterday.

[mctmct] 20/9/2016 12:25

tromso1: Simon Thompson is behind a paywall. Does he say anything interesting?

[gargoyle2] 20/9/2016 11:55

The price was 140p. Just check yesterday's trades. (I take meijiman's point about Equity Development though!)

[mctmct] 20/9/2016 11:06

Why would KEH want a small value stake in WHI? It seems unlikely that they hope to make a trading profit, or hang about hoping for dividends.

[meijiman] 20/9/2016 10:34

Who would take note of anything written by Equity Development?