reports
Strategic Investor buys 23% of WHI
​W.H. Ireland ("WHI") has gained a new and powerful strategic investor in Kuwaiti European Holdings ("KEH"), the vehicle of the highly respected Al-Humaidi family, which has purchased 23% of the shares at 140p per share, a 39% premium to Friday's closing price. KEH owns substantial businesses in leisure, property, financial services and healthcare, including an investment management company in Kuwait and a FCA-regulated firm in the UK. The FCA has approved a "change of control" allowing KEH to...
Strategic progress in choppy waters
​WH Ireland (WHI) is a financial services company offering Private Wealth Management, Wealth Planning and Corporate Broking services.Results today show that , helped by winning a number of significant mandates, AUM grew 6% in the half-year, despite a 2% fall in the FTSE All-Share index, with a particularly strong 24% rise to £949m in the more valuable discretionary FUM. This actually exceeded the rise in total AUM as the move to a fee-based system has led, in those clients' interests, to the ...
Achieving growth in falling markets
​The preliminary results announced today by WH Ireland ("WHI"), for the year to 30 November 2015, show strong growth of 40% in headline earnings per share, resulting from useful, but more modest, increases in both absolute numbers and market share for AUM and corporate clients, allied to effective cost control. These have been achieved despite the well-publicised travails of the SmallCap sector and, in particular, the AIM market, where WHI is one of the leading corporate brokers and NomAds wit...
Share Placing and FCA settlement
​WH Ireland has this morning announced the terms of a settlement with the FCA relating to deficiencies in the systems and controls for the protection against risk of "market abuse" during a period 3 years ago. The sanctions comprise a fine and a temporary restriction on its investment banking division.In a separate announcement WHI has also announced that it has placed 1,193,000 new ordinary shares to raise approx. £1,070,000, at a price of 90p per share, (a premium to last night's close). Th...
QuickView: Half-year results
WH Ireland’s efforts to bring greater focus to its Wealth Management and Corporate Broking businesses had a positive impact on H1. Wealth Management fee income grew 55% y-o-y with discretionary AUM up 16% from the year end. Retainer fee income and client numbers in Corporate Broking also increased. Improvement on profitability is still needed and management plans to lift the operating margin (just 2% in H1) towards the industry norm (we estimate 15%) through further revenue growth and cost eff...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.