W H Ireland Group (WHI)

Sector:

Financials

Index:

FTSE AIM All-Share

 4.25p
   
  • Change Today:
      0.000p
  • 52 Week High: 23.00
  • 52 Week Low: 3.50
  • Currency: UK Pounds
  • Shares Issued: 235.99m
  • Volume: 0
  • Market Cap: £10.03m
  • RiskGrade: 64

WH Ireland warns of loss after tough year for markets

By Josh White

Date: Monday 03 Apr 2023

LONDON (ShareCast) - (Sharecast News) - Investment firm WH Ireland warned on its results for the financial year just ended on Monday, after its performance was impacted by market conditions throughout the second half.
The AIM-traded company said revenue for the 12 months ended 31 March was expected to be about £26m, with a loss of over £2.2m before tax.

That would be below management's previous expectations.

WH Ireland put the loss down to a "lack of transactional activity" across capital markets throughout 2022, which had continued into 2023, affecting its capital markets division.

However, the company said it believed the division had the potential to capitalise on an upturn in the market, due to cost actions taken throughout the year.

The division ended the year with 88 retained corporate clients - the same as the previous year.

In contrast, the wealth management division remained "resilient", and achieved underlying profitability in the last six months.

Total assets under management within the division at year-end were £1.5bn, a slight decrease from the previous year's £1.6bn.

Meanwhile, the group's assets under management totalled £2.2bn, down from the previous year's £2.4bn.

"The company had cash at the period end of £4.0m, ahead of the receipt of quarterly recurring cash from the company's platform providers - anticipated to be at least £2.5m - due imminently," the board said in its statement.

At the end of the 2022 financial year, WH Ireland reported cash of £6.4m.

At 0821 BST, shares in WH Ireland were down 2.63% at 18.5p.

Reporting by Josh White for Sharecast.com.

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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.

 

WHI Market Data

Currency UK Pounds
Share Price 4.25p
Change Today 0.000p
% Change 0.00 %
52 Week High 23.00
52 Week Low 3.50
Volume 0
Shares Issued 235.99m
Market Cap £10.03m
RiskGrade 64

WHI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
16.82% above the market average16.82% above the market average16.82% above the market average16.82% above the market average16.82% above the market average
17.31% above the sector average17.31% above the sector average17.31% above the sector average17.31% above the sector average17.31% above the sector average
Price Trend
92.95% below the market average92.95% below the market average92.95% below the market average92.95% below the market average92.95% below the market average
93.16% below the sector average93.16% below the sector average93.16% below the sector average93.16% below the sector average93.16% below the sector average
Income Not Available
Growth
87.48% below the market average87.48% below the market average87.48% below the market average87.48% below the market average87.48% below the market average
81.13% below the sector average81.13% below the sector average81.13% below the sector average81.13% below the sector average81.13% below the sector average

WHI Dividends

  Latest Previous
  Interim Final
Ex-Div n/a 12-Mar-15
Paid n/a 10-Apr-15
Amount 0.000p 2.00p

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

WHI Key Personnel

CEO Phillip Wale
CFO Simon Jackson

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