Welcome to EQUITY DEVELOPMENT
The UK's longest established regulated provider of sponsored equity research.
We launched EQUITY DEVELOPMENT in 1997 becoming the first ever regulated provider of Sponsored Equity Research in the UK.
Our research teams are made up of expert analysts with deep understanding & experience in their sectors. Our research is distributed to all relevant investment classes & commentators. (at no cost to the reader).
We have made our name by specialising in those companies who are not receiving the attention that they merit, using detailed commentary, appropriate valuation metrics and regular publications to help eradicate undervaluation in the medium term.
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W H Ireland
W H Ireland is a fast-growing stockbroker, the second largest based outside London and among the top ten corporate advisers to AIM companies
W H Ireland; exceptional growth and turnover
- Strong corporate finance revenues
- Good contribution from DJ Carmichael
- Reinvestment into the business for the future
W H Ireland delivering record results
- All divisions showing impressive growth
- At least 50% discount to comps with PER(Est) at 10x '06 earnings
- Confident dividend increase of 67%
W H Ireland; Corporate Finance dictating growth
- Acquired 51% of Australian broker, providing further long term growth prospects
- Fair price of 175p
- First half turnover greater than any full year before 03/04
W H Ireland; past investment bears fruit
- Record profits as corporate finance focus on AIM reaps rewards
- 80% rise in divided to 2.25p plus special 2p dividend
- 2005/6 has a forecast p/e ratio of 7.5x
- Cautious market outlook lowers forecast for group profits, but PFER still at 36% discount to sector average
- Fair price of 168p
W H Ireland; Delivering the goods
W H Ireland reported record turnover and profits for 2003/4, with pretax profits on a Headline Earnings basis up 772% to £2.66m and eps up 911% to 12.4p on an 82% increase in turnover. Net cash more than doubled from £4.66m to £10.58m and annual dividends are increased by 80% to 2.25p, in addition to which the special dividend received from the LSE is being passed on to shareholders as a 2p special dividend.
