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Wilmington

March 2013

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:
  • 158p
Wilmington has reported another solid H1, typically its quieter half. Revenues were more or less unchanged at £40.9m but adjusted pretax profit and eps went up 15% and 23% to £6m and 5.5p, respectively. Overall margins increased from 15.6% to 17.4%. This leaves Wilmington set fair to get to its target of £19m profit and EBITDA margins of 20.6% by 2017. Speaking to the company post results, our first question was exactly how Wilmington would achieve this given it has already moved most products to digital (now 90% of publishing), stabilised its legal side and also ditched areas of low margin.Chief executive Charles Brady, points out that of its six business areas, it's three biggest, pensions & insurance, healthcare a ...

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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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