This share is shooting up, recent acquisition has dramatically improved share price. Plenty of surplus cash on books maybe looking for further acquisitions. Maybe not one to miss out on DYOR.

StockMarketWire.com
Wilmington Group reports revenue in the year to 30 June 2012 increased by 1.8% to £85.3m (2011: £83.8m).

This growth includes the net impact of a full year's revenue from Axco, which was acquired in September 2010, a reduction of £0.95m of revenue resulting from the closure of a number of directory and print products, and lower revenues resulting from the planned reduction in the legal training course programme. Elsewhere revenues have shown aggregate year-on-year growth of 6.0%.

Adjusted EBITA increased by 10.2% to £16.5m (2011: £14.9m) and statutory EBITA increased by 11.1% to £15.1m (2011: £13.6m).

Adjusted Profit before Tax increased by 4.6% to £14.0m (2011: £13.4m) reflecting the increased cost of our borrowing facilities following their renewal in June 2011. Statutory Profit before Tax increased by 4.1% to £6.3m (2011:£6.1m).

Operating cash flow continued to be strong with a cash conversion rate of 109% (2011: 111%) of operating profit into operating cash flow.

Adjusted Earnings per Share increased by 5.3% to 12.41 pence (2011: 11.79 pence). Basic earnings per share were 5.81 pence (2011: 5.20 pence).

Due to the continuing strong cash flow of the business the Group's net bank debt at 30 June 2012 reduced to £36.2m (2011: £40.0m). The current facilities of £65m are committed until February 2016. Net debt to Adjusted EBITDA was 2.1 (2011: 2.5).

The Board is recommending that the dividend for the year is maintained at the same level as the previous year. The Board proposes a final dividend of 3.5 pence per share (ex-divi 17th Oct '12) .

That's quite a chart - nice find Harry.

I was actually hunting around for decent divi payers and stumbled upon WIL. Don't know a great deal about the company, but as you say, quite an impressive graph!

Me neither - you could have found them in July!!! :-)

Perhaps it is the yield driving it then?

They look fairly innocuous at an initial glance Wilmington Group

Quite an interesting little company. Information and Solutions, Print and Online Publishing, Professional Training, Conferences and Events. Will have a better look over the w/e. Thanks for the link.

18 September 2012



WILMINGTON GROUP PLC

("Wilmington", "the Group" or "the Company")

Full Year Results for the year ended 30 June 2012



Wilmington Group plc, the professional information and training group, today announces its results for the year ended 30 June 2012.



Highlights



· Good progress towards medium term objectives

- Adjusted EBITA1 increased by 10.2% to £16.5m (2011: £14.9m)

- Adjusted EBITA margins improved to 19.3% (2011:17.8%)

- Adjusted Profit before Tax2 up 4.6% to £14.0 million (2011: £13.4 million) on revenues up 1.8% to £85.3m (2011: £83.8m): statutory profit before tax increased by 4.1% to £6.3m

· Good progress towards strategic objectives

- continued transition to a higher margin, better quality business

- growth in recurring revenues

- focus on key market verticals, with management organised by market

- exited contract directory publishing

- significant investment in new product development

- technology and customer demand increasingly driving convergence of training and information activities

· Publishing & Information revenues from the higher margin online/digital business have increased to 76% (2011: 72%), with print decreasing to 11% (2011: 16%)

Segmental profit3 up 14.8% to £12.2m (2011: £10.6m) on revenues up 4% to £41.8m (2011: £40.2m)

· Significantly restructuring of the legal training business has contributed to improved profitability in Training and Events

Segmental profit3 up 9.2% to £7.1m (2011: £6.5m) on revenues stable at £43.5m (2011: £43.6m)

· Strengthening financial position

- continued strong cash generation, with 109% (2011: 111%) cash conversion of operating profit

- net debt £3.8m lower at £36.2m (2011: £40.0m)

- planned sale of surplus freehold property

· Proposed final dividend of 3.5 pence per share, making a full year maintained dividend of 7.0 pence per share



1 Adjusted EBITA - see note 3 to the financial statements

2 Adjusted Profit before Tax - see note 3 to financial statements

3 Segmental profit before amortisation and share based payments - see note 4 to the financial statements





Mark Asplin, Chairman, commented:



"As part of our transition to a higher margin better quality business, a number of major operational challenges have been successfully addressed during the year. The result is a more streamlined, focussed and profitable business.



"The legal training business is now more profitable and in better shape than it was twelve months ago, although market conditions affecting our client base remain difficult. The phasing out of legacy publishing products will continue during the current year as the Group continues to invest in subscription based digital products and migrates its business away from print directories and services in which it does not own intellectual property. We expect the remainder of our core businesses to continue to show growth. We are also pleased with the progress we are making towards achieving our medium term financial targets."