Walker Crips Group (WCW)

Sector:

Financials

Index:

FTSE Fledgling

 22.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 26.50
  • 52 Week Low: 21.50
  • Currency: UK Pounds
  • Shares Issued: 43.33m
  • Volume: 65
  • Market Cap: £9.75m
  • RiskGrade: 43

Disposal proceeds help Walker Crips book record profits

By Benjamin Chiou

Date: Friday 14 Jun 2013

LONDON (ShareCast) - AIM-listed financial services group Walker Crips reported flat revenue but delivered record pre-tax profits in the year ended March 31st after a one-off gain from the disposal of its fund management subsidiary last year.

The company, which provides investment management and wealth management services, said that pre-tax profits reached a record £9.1m, up from £0.6m the year before, helped by the £11.7m profit from the sale of Walker Crips Asset Managers (WCAM) in April 2012.

Shares were up 1.81% at 31.56p in early trading on Friday morning.

However, before booking this gain, the operating loss for the year totalled £1.0m for the year, compared with a profit of £0.8m the year before, which reflected weak trading conditions and lower volumes during most of the period.

While things picked up in the final quarter, this dented private-client commission income and, combined with an increase in the proportion of shared revenues, led to a rise in commission paid to £8.6m (2012: £5.7m).

Revenue totalled £20.3m, unchanged from the prior year despite the loss of WCAM income of nearly £3.5m the year before. Assets under management and administration rose by 43% to £2.0bn

The full-year dividend was raised to a record 8.87p per share (1.84p the year before) after the 7.5p special interim dividend which was paid from the profits of the disposal of WCAM.

"As a result of the strategic initiatives and changes implemented during the year, we have seen a consistent run rate of profitability in the months immediately before and since the year end.  This gives us measured optimism for the current year," said Chairman David Gelber.

"Many worldwide financial issues remain unresolved, the continuing uncertainty from international monetary easing and ongoing Eurozone issues to name just two. However, despite volatility, global equity markets have shown some resilience and this has assisted in an encouraging start to the current year for the group.|

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

WCW Market Data

Currency UK Pounds
Share Price 22.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 26.50
52 Week Low 21.50
Volume 65
Shares Issued 43.33m
Market Cap £9.75m
RiskGrade 43

WCW Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
12.07% below the market average12.07% below the market average12.07% below the market average12.07% below the market average12.07% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Price Trend
26.74% below the market average26.74% below the market average26.74% below the market average26.74% below the market average26.74% below the market average
8.62% below the sector average8.62% below the sector average8.62% below the sector average8.62% below the sector average8.62% below the sector average
Income
15.15% below the market average15.15% below the market average15.15% below the market average15.15% below the market average15.15% below the market average
36.36% below the sector average36.36% below the sector average36.36% below the sector average36.36% below the sector average36.36% below the sector average
Growth
65.39% above the market average65.39% above the market average65.39% above the market average65.39% above the market average65.39% above the market average
70.09% above the sector average70.09% above the sector average70.09% above the sector average70.09% above the sector average70.09% above the sector average

WCW Dividends

  Latest Previous
  Interim Final
Ex-Div 11-Jan-24 21-Sep-23
Paid 26-Jan-24 06-Oct-23
Amount 0.25p 0.25p

Trades for 28-Mar-2024

Time Volume / Share Price
15:40 17 @ 24.00p
15:40 40 @ 24.00p
15:40 8 @ 24.00p

WCW Key Personnel

CEO Sean Kin Wai Lam

Top of Page