Updates

Wilmington

August 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Having been sold off unfairly in recent weeks from 350p, Wilmington soared after it said pretax profit for the year would be ahead of forecast. Sales for the year just ended in June are expected to be £123.5m (9% organic growth), with recurring revenue up 7% supported by strong retention rates. As a result, pretax profit is expected to be up 18% to £24.3m, for eps of c.21.8p. The strong FY23 results have led to a net cash position of £42.2m, up from £22.9m in December - or 48p a share. That can only herald a period of M&A as Wilmington continues to consolidate its position in the expanding GRC and Regulatory markets. Buy. ...

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Wilmington (December 2024)

Wilmington (August 2024)

Wilmington (June 2024)

Wilmington - Could have £100m war chest by year end (March 2024)

Wilmington (November 2023)

Wilmington (March 2023)

Wilmington - Labels itself as governance, risk and compliance (GRC) specialist (November 2022)

Wilmington (August 2016)

Wilmington (May 2016)

Wilmington (March 2016)

Wilmington (February 2016)

Wilmington (October 2015)

Wilmington (August 2015)

Wilmington (June 2015)

Wilmington (March 2015)

Wilmington (October 2014)

Wilmington (March 2014)

Wilmington (October 2013)

Wilmington (March 2013)

Wilmington (December 2012)

Wilmington - Quality of earnings and margins rise (October 2012)

Wilmington (June 2012)

Wilmington - "Unprecedented organic growth" (May 2012)

Wilmington - Bid approach (August 2008)

Wilmington (July 2007)

Wilmington - Buys accountancy training business (November 2006)

Wilmington - Further acquisitions should excite (April 2006)

Wilmington - Bolt on acquisition (November 2005)

Wilmington (October 2005)

Wilmington - Training and compliance growing like topsy (August 2005)

Wilmington - Further acquisitions expected (March 2005)

Wilmington - H1 trading at top end of expectations (January 2005)

Wilmington - Pleasing results (October 2004)

Wilmington (August 2004)

Wilmington - Results will be ahead of forecast (August 2003)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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