Updates

Wilmington

October 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.

Full year results showed flat sales of Â£85m but this is mainly because it was another year of capital reallocation as Wilmington continued to ditch low margin, poor quality businesses (adverting now <6% of sales), replacing the gap with acquisitions and focusing on parts with better margins and sustainable repeat income. During the year two acquisitions were completed at a cost of Â£6.8m and both were 30%+ margin businesses helping lift the total overall to 19.8%.Wilmington reports across six market facing divisions but pensions & insurance (30% profit in these results) and banking & compliance (18%) are the true stars. Both are high margin and have taken sales outside the UK to 32%. Speaking to the company, a third el ...

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Wilmington (November 2023)

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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 (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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