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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.

  • Epic Code:
  • WIL
  • Price:
  • 310p
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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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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