WH Ireland is a financial services company offering Private Wealth Management, Wealth Planning and Corporate Broking services. The Private Wealth arm provides discretionary, advisory and execution only services to individuals, corporates, trusts and funds. By offering a highly personal, bespoke service we are able to provide timely advice and create long term relationships based on trust.

Our Corporate Broking division provides Corporate Finance, Research, Market Making and Fund raising capabilities to quoted small/mid-cap companies. We offer a full NOMAD service to the majority of our corporate clients.

We firmly believe that by placing our client needs at the centre of everything we do, WH Ireland is well placed to provide timely, bespoke and helpful advice to a diverse range of clients.


http://www.wh-ireland.co.uk/

A buy in this weeks midas tip.

Closed up 15%

Nice on DC.

Cheers skinny.

Final Results

RNS


RNS Number : 9320A

W.H. Ireland Group PLC

26 February 2014






WH Ireland Group plc

("WH Ireland", "the Group" or "the Company")



Final Results



WH Ireland, the financial services group that provides corporate broking and private wealth management services, today announces its final results for its financial year ended 30 November 2013.



Financial Highlights:



· Revenue increased by 18.2% to £29.7m (2012: £25.1m)

· Recurring revenue increased by 32% to £8.9m (2012: £6.8m)

· Profit before tax £1.7m (2012: loss before tax £0.2m)

· Basic earnings per share of 4.80p (2012: loss 0.89p)

· Proposed final dividend of 1.5p (2012: 0.5p)



Corporate Broking:



· Continued growth in the number of Corporate Broking clients to 85 (2012: 83)

· Fund raisings totalled £102m (2012: £116m) in 21 transactions (2012: 25)

· M&A transactions valued at £138m completed

· Market making revenue and secondary commission both increased



Private Wealth Management:



· Funds under management and administration rose by 43% to £2.5bn (2012: £1.7bn)

· Acquisition of the former Seymour Pierce client list in February 2013 added over £300m of assets

· Continuing to be active in seeking to recruit or acquire individuals or teams

· Isle of Man office opened (see separate announcement issued today)



Richard Killingbeck, Chief Executive Officer, said:



"For the first time since the financial crisis, the Group is now operating in more benign markets, albeit the environment remains highly competitive and subject to much regulatory change and consolidation."



"The current year has started well and the number of corporate clients that we advise has risen further, which is driving a good pipeline of corporate transactions. Our assets under management and administration have continued to grow boosted by stronger markets. We are also seeing some interesting opportunities to expand the reach of our Private Wealth Management business through new office openings such as in the Isle of Man and through recruitment."



"Overall, we are focusing on delivering our strategic plan to develop further both divisions and thereby deliver strong shareholder returns. We look forward to the year ahead with confidence."



In accordance with Rule 20 of the AIM Rules, WH Ireland Group plc confirms that the annual report and accounts for the year ended 30 November 2013, including notice of the Company's annual general meeting to be held at 10.00am on 25 March 2014, will today be posted to shareholders. The report will be available, in electronic form, for download on the Company's website: www.wh-ireland.co.uk.

LISTEN: Richard Killingbeck, CEO of WH Ireland, discusses the final results for the year ended 30 November 2013

Click here to listen

Showed breakout on chart thread earlier today DC. Very nice.

Nice to see it continue its upward momentum. Thanks gf.

AGM Statement

RNS


RNS Number : 0545D

W.H. Ireland Group PLC

25 March 2014






25 March 2014

WH Ireland Group Plc

("WH Ireland" or the "Company")

AGM Statement

At the Company's Annual General Meeting, to be held at 10 a.m. today, the Chairman of WH Ireland, Rupert Lowe, will make the following statement:

"Since the announcement of our 2013 final results, issued on 26 February 2014, the Company has continued to trade in line with our expectations.

Corporate broking has continued to increase the number of its corporate clients and the pipeline of potential new business activity remains strong whilst trading and fund raising activity has also remained robust. We continue to recruit staff to expand the division's capability and reach.

The Private Wealth Management division continues to make significant progress in developing its investment proposition and in growing its asset base, including through the launch of a new office in the Isle of Man. We have recently appointed and continue to engage with additional individuals who might wish to join us in both London and our regional offices.

We have today separately announced the appointment of Tim Steel, formally vice-Chairman of Cazenove Capital Management, as a non-executive director of the Company; this, together with the recent appointment of Dan Cowland as Finance Director, has significantly strengthened our Board to deliver our growth strategy.

Overall, we are encouraged by the start to the year and have confidence in WH Ireland's prospects".

For further information please contact:

Trading Statement

RNS


RNS Number : 1979K

W.H. Ireland Group PLC

23 June 2014






WH Ireland Group Plc



("WH Ireland" or the "Company")



Update on Trading and Notice of Results



WH Ireland, the financial services group that provides corporate broking and private wealth management services, today issues an update on trading for its half year ended 31 May 2014.

Revenue growth in both the Private Client and Corporate Broking divisions has been encouraging and has continued the trends witnessed during 2013, namely a strong increase in management fees and commissions in the Private Client division and a solid increase in retainer income and success fees in the Corporate Broking division.

Profit before tax after specific reorganisation costs incurred during this period will be ahead of the comparable period a year ago.

Richard Killingbeck, Chief Executive Officer of WH Ireland, said:

"We have had an encouraging start to the current financial year, as we continue to grow our corporate client list and assets under management. Our growth initiatives - to extend our capability, and selectively add high quality individuals and teams - support our confidence that WH Ireland will make further progress in 2014."

Notice of Results

The Company intends to announce its half year results for the six months ended 31 May 2014 on Monday 21 July 2014.

Expansion of Private Wealth Management Division

RNS


RNS Number : 5662K

W.H. Ireland Group PLC

26 June 2014






WH Ireland Group Plc



("WH Ireland" or the "Company")



Significant Expansion of Private Wealth Management Division



WH Ireland, the financial services group that provides corporate broking and private wealth management services, today announces a significant expansion of its Private Wealth Management division, including a new office opening and a number of senior appointments.

First, the Company is pleased to confirm its intention to open a new Milton Keynes office. This office will focus on discretionary and advisory fund management and its team will include Paul Wilson, formerly of Charles Stanley & Co, who has been appointed an Investment Director. Paul will be joined by other investment directors in due course.

In addition, a number of appointments have recently been made in our London office. Vincent Ferguson, Martin Guilbert and Turon Miah have all joined as investment directors, and will shortly be joined by Andrew Little. All four were previously at Canaccord Genuity Wealth Management, Vincent having originally been with Collins Stewart, Martin with Eden Financial, and Turon and Andrew at Barclays Wealth.

Richard Killingbeck, Chief Executive Officer of WH Ireland, said:

"Today's expansion is evidence of our growth initiatives in action - to extend our capability, and selectively add high quality individuals and teams - and follows the successful opening of our new Isle of Man office earlier in the year.

"We are pleased that these talented investment directors have chosen WH Ireland to further develop their careers, which is testament to the significant improvements to the business initiated over the last year and the continuing change in the industry landscape. We believe that they will significantly augment our funds under management over the next 12-18 months."

Half Yearly Report

RNS


RNS Number : 7927M

W.H. Ireland Group PLC

21 July 2014






WH Ireland Group plc

("WH Ireland", "the Group" or "the Company")



Half Year Results



WH Ireland, the financial services group that provides corporate broking and private wealth management services, today announces its results for six months ended 31 May 2014.



Highlights:



· Revenue increased by 12.6% to £14.69m (2013: £13.05m)

· Recurring revenue increased by 9.3% to £4.7m (2013: £4.3m)

· Adjusted* profit before tax £470,000 (2013: £59,000)

· Profits before tax £203,000 (2013: £59,000)

· Basic earnings per share of 0.58p (2013: 0.16p)

· Dan Cowland appointed Finance Director and Tim Steel as non-executive director



*Before one off re-organisation costs of £267,000





Corporate Broking:



· Continued growth in the number of corporate broking clients to 92 (2013: 84)

· Fund raisings increased to £34.8m (2013: £26.5m) in 9 transactions (2013: 13)

· Market making revenue and secondary commission increased total divisional revenue by 12%

· Recruitment has taken place in investor relations, research, sales and corporate teams enhancing the division's capability and capacity





Private Wealth Management:



· Funds under management and administration rose by 9.6% to £2.7bn (30 November 2013: £2.5bn)

· Active recruitment of individuals and teams, specifically in Milton Keynes, Birmingham and London

· Isle of Man office fully operational and winning new private client mandates

· Focusing the offering:

o Streamlining of smaller offices with assets transferred to London

o Ceased to offer traded options facilities

o Planning to exit third party administration business





Richard Killingbeck, Chief Executive Officer, said:



"WH Ireland performed strongly during the first half of the year, with good growth in adjusted pre-tax profits and revenues, continuing the progress made in the last financial year.



"Much progress has been made in the development of WH Ireland into a focussed business around two key disciplines, Corporate Broking and Private Client Wealth Management. Both businesses are in a considerably stronger position than twelve months ago in terms of their financial performance, proposition and teams.



We anticipate making further progress in the second half and into 2015."



A copy of these results are available on the Company's website: www.wh-ireland.co.uk

13/10/2014 BUY Dan Cowland FD 10,000

WH Ireland launches Milton Keynes office

RNS


RNS Number : 7237X

W.H. Ireland Group PLC

24 November 2014






24 November 2014

WH Ireland Group Plc

("WH Ireland" or "the Group")

WH Ireland launches Milton Keynes office

WH Ireland, the financial services group that provides corporate broking and private wealth management services, is pleased to announce the opening of its new office in Milton Keynes as part of the continued expansion of its private wealth management division. This follows the recruitment of three investment managers, formerly of Charles Stanley & Co, announced on 26 June 2014.



Paul Wilson heads up the new office located on Upper Fourth Street. A mix of discretionary and advisory fund management will be offered by the Milton Keynes team, which includes two other highly experienced fund managers, Robin Innes-Ker and Nicholas Fox.

The expansion follows the opening of WH Ireland's new Isle of Man office in February, and the growth of the teams in Birmingham, London and Manchester through recruitment this year.

Richard Killingbeck, Chief Executive of WH Ireland commented:



"Our new Milton Keynes office reflects our strategy to grow our discretionary and advisory wealth management business by extending our capability and selectively adding high quality individuals and teams. The expansion also illustrates our commitment to offering local expertise whilst recognising the continuing change in our industry landscape. Our new office openings and recruits are expected to augment significantly our funds under management over the next 12-18 months."

Trading Statement

RNS


RNS Number : 6687Y

W.H. Ireland Group PLC

03 December 2014




3 December 2014

WH Ireland Group Plc

("WH Ireland" or the "Company")



Trading Update



WH Ireland Group PLC, the financial services group that provides corporate broking and private wealth management services, today issues a trading update for its financial year ended 30 November, 2014.



Overview

W H Ireland has undergone significant change during 2014 in order to create a more stable and robust structure from which it can progress with confidence to achieve its growth ambitions for 2015 and beyond. Progress has been made in growing like for like assets under management, increasing the number of corporate clients, completing a major management and business reorganisation whilst continuing to invest in people and systems.



Whilst the Group's underlying trading performance has improved slightly on last year, the Board now expects adjusted operating profits to be below its previous expectations. This has been due to a decline in dealing commission revenue in the last quarter in the Private Wealth Management division in common with others in the industry, and delays to transactions being completed in the Corporate Broking division which are now expected in 2015. In addition significant non-recurring costs have been incurred relating to the reorganisation, such that profit before tax is expected to be below last year which had benefited from £0.7m of one off gains.

Looking ahead, the Board has greater confidence for 2015, reflecting not only the positive impact of delayed business from 2014 being executed in 2015, but also anticipate a significant margin improvement across the business as a whole and in particular within the Private Wealth Management division.



Private Wealth Management

The Private Wealth Management division has made a substantial investment during the period in the recruitment of new teams with primarily discretionary books of business in the UK (principally in Birmingham, London and Milton Keynes) and the Isle of Man, the full financial benefits of which will become evident in 2015.



Furthermore the division has successfully exited from a number of smaller regional offices and also from low margin product lines which were non-core to the division`s strategy and profitability criteria.



As has been commented upon elsewhere, towards the end of the period a decline in dealing commission was witnessed which impacted commission revenue growth in this division for the year. However this has been partially mitigated by a strong increase in management fee income during the same period. Asset growth has remained strong and at year end assets under management and advice had risen by approximately 10% on a like for like basis.







Corporate Broking

The Corporate Broking division has continued to grow its corporate client list and as of the year end the number of clients had risen to 93 from 85 at year end 2013. In addition the division has continued to attract and recruit senior individuals across all disciplines, which is expected to enable the corporate client list to continue to grow. Due to the recent less favourable market conditions in the last quarter a number of proposed corporate and M & A transactions, and the associated fees thereon, have been delayed into 2015.



Non-recurring costs

The major transition referred to above is now complete and the new management team is making significant progress in both reducing risk and identifying and implementing efficiency gains across the Company. The cost of these structural changes combined with higher than anticipated specific regulatory costs are expected to result in a non-recurring charge in excess of £0.7m.





Dividend and Notice of Results

Reflecting the Board's confidence in the outlook for 2015, it will be proposing to Shareholders an increase in the final dividend payment of 0.5p to 2p per Ordinary share. This will be subject to shareholder approval at the 2015 AGM.



Full year 2015 results will be issued on Monday, March 2nd 2015."



Richard Killingbeck, Chief Executive of WH Ireland Group said:

"WH Ireland has undergone significant change in 2014 which positions it very strongly for 2015, on the back of growing assets under management and an increased corporate client list. Whilst 2014 has finished below our expectations, we believe we have built a platform to deliver future profitable growth."

Please Note - Streaming News is only available to subscribers to the Active Level and above



Final Results
RNS
RNS Number : 1636G
W.H. Ireland Group PLC
02 March 2015

WH Ireland Group Plc

("WH Ireland", "the Group" or "the Company")



Final Results



Improvement in earnings quality and recurring revenue



WH Ireland, the financial services group that provides corporate broking and private wealth management services, today announces its final results for its financial year ended 30 November 2014.



Financial overview



· Group revenue increased to £30.0m (2013: £29.7m)

· Recurring revenue increased by 12.4% to £10.0m (2013: £8.9m)

· Adjusted operating profit for the year of £1.45m (2013: £0.9m) excludes ''one off'' charges

· Reported profit before tax £0.5m (2013: £1.7m)

· Cash of £7.5m (2013: £6.0m)

· Basic earnings per share of 1.42p (2013: 4.80p)

· Proposed final dividend of 2.0p (2013: 1.5p)



Private Wealth Management



· Total assets under management increased by 8.4% to £2.7bn (2013: £2.5bn)

· Strong increase in discretionary assets under management of 42.7% to £0.7bn (2013: £0.5bn)

· Management fee income increased by 25.6% to £4.9m (2013: £3.9m)

· Commission income increased by 1.8% to £11.3m (2013: £11.1m)



Corporate Broking



· Further growth in number of retained corporate clients to 93 (2013: 85)

· Retainer fee income rose by 6.7% to £3.2m (2013: £3.0m)

· Transaction fees fell by 14.0% to £4.9m (2013: £5.7m)



Richard Killingbeck, Chief Executive Officer, said:

"The new management team has had a busy year in bringing greater focus to both divisions. This year of transition has resulted in some "one-off" charges and by their very definition will not be repeated. Adjusting for these "one-off" charges operating profitability would have increased over the figures reported last year.

"We are well placed to continue to build upon the positive momentum achieved during the past year. In the Corporate Broking division the focus will remain on the continued growth in the number of corporate clients and the successful execution of corporate transactions whilst the Private Wealth Management division will continue to focus upon the growth of fee paying discretionary and advisory assets.



"Both divisions have contributed to this growth which encourages me immensely and reinforces my positive outlook for WH Ireland in the year ahead."

ST of IC - I am happy to maintain my longstanding buy recommendation on W.H. Ireland’s shares having first advised buying them at 68p ('Broking for success', 1 August 2011). With the benefit of client capital raisings coming through, new mandates on the private client, and a more profitable business mix following last year’s reorganisation, the platform looks firmly in place for a profit surge this year. My target price is 140p. Buy.

Half Yearly Report - Replacement
RNS
RNS Number : 5456T
W.H. Ireland Group PLC
20 July 2015



The following amendments have been made to the Half Year Results announcement released on 20 July 2015 at 7.00am under RNS No 4414T.



In Note 2 Segmental reporting, in the table representing revenue and profit information for the Group's business segments for the half year ended 31 May 2015, all figures marked with an asterisk have been amended.



All other details remain unchanged.



The full amended text is shown below.











Monday, 20 July 2015





WH Ireland Group plc

("WH Ireland", "the Group" or "the Company")



Half Year Results



WH Ireland, the financial services group that provides corporate broking and private wealth management services, today announces its results for its half year ended 31 May 2015.



Highlights



· Group revenue increased 9% to £15.94m (2014: £14.69m)

o 34% increase in recurring revenues to £5.13m (2014: £3.83m)

· Operating profit of £0.31m (2014: £0.12m)

· Profit before tax of £0.59m (2014: £0.20m)

· Basic earnings per share of 1.86p (2014: 0.58p)



Private Wealth Management



· Total funds under management and control of £2.8bn up 3.7% from year end (30 November 2014: £2.7bn)

o Strong increase in discretionary assets under management of 16% to £0.83bn (30 November 2014: £0.72bn)

· Management fee income increased by 55% to £3.4m (2014: £2.2m)



Corporate Broking



· Further growth in number of retained corporate clients to 98 (2014: 92)

· Retainer fee income rose by 7% to £1.68m (2014: £1.57m)

· Increased flow of secondary placings with 15 transactions completed





Richard Killingbeck, Chief Executive, said:



"We have reported an improved and profitable first half performance with increased discretionary funds under management in Private Wealth Management and increased numbers of clients in Corporate Broking.



"The actions we have taken in order to achieve the margins that the Company is capable of producing will begin to benefit the second half and beyond. We remain cautiously optimistic and look forward to the next six months with confidence."

ST of IC today -So if you followed my earlier advice, I would run your healthy 65 per cent paper profits and I maintain a conservative target price of 140p. Run profits.