Announcement • 11h
Wilmington plc to Report Fiscal Year 2026 Results on Sep 29, 2026 Wilmington plc announced that they will report fiscal year 2026 results at 8:00 AM, GMT Standard Time on Sep 29, 2026 Board Change • May 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Senior Independent Director Chris Humphrey was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 17
Wilmington plc Announces Management Appointments, Effective April 28, 2026 Wilmington plc announced the appointment of three new non-executive directors who will join the board on April 28, 2026. Christopher Humphrey joins as Senior Independent Director, Dr. Erika Schraner joins as Chair of the Remuneration Committee, and Martin Rowland joins as a non-executive director. Christopher will also join the Remuneration and Audit Committees, and Martin will join the Audit Committee. Christopher is currently Senior Independent Director of RM plc and was Non-Executive Chair of Heywood Pension Technologies until February 20, 2026, following its acquisition by BlackRock and, until January 20, 2025, Chair of AIM-listed Eckoh plc, a position he held since 2017. He also served as Senior Independent Director and Audit Committee Chair at AVEVA Group plc from 2016 to 2023, Senior Independent Director and Audit Committee Chair at Videndum plc from 2013 to 2022, and non-executive director at SDL plc from 2016 to 2023. Chris has had a number of leadership roles during his career, including the position of Group Chief Executive Officer of Anite plc from 2008 to 2015. Erika is currently Senior Independent Director and Chair of the Remuneration Committee at Bytes Technology Group plc, Senior Independent Director at HgCapital Trust plc and Senior Independent Director, Chair of the Nomination Committee and Chair of the Audit Committee at JTC plc. During her executive career, she spent more than 18 years working in Silicon Valley in the technology sector. She held senior professional services roles with Ernst & Young and PricewaterhouseCoopers, and an executive role with Symantec Corporation, a global cybersecurity company. Earlier in her executive career, she held roles with IBM, REL Consultancy Group and Computer Science Corporation. Through this experience, she developed deep exposure to data and AI-enabled technologies within enterprise software. Erika earned a PhD in management science and engineering at Stanford University. Prior to her current roles, she served as a non-executive director and Chair of the Audit Committee at Videndum plc (2022-2024), non-executive director at Pod Point Group Holdings plc (2021-2025), non-executive director and Chair of the Remuneration Committee at BluJay Solutions Ltd. (2021) and non-executive director and Chair of the Audit Committee at Aferian plc (2019-2022). Martin is currently non-executive director and Executive Chair of Centaur Media plc and a non-executive director of Fevera plc. He was previously non-executive director and Chair of Smoove plc (2018-2023) and Chair of Inzpire Group. Prior to this, he held investment roles at LDC, the private equity fund, before moving into an advisory role with businesses. Declared Dividend • Mar 02
First half dividend increased to UK£0.031 Dividend of UK£0.031 is 3.3% higher than last year. Ex-date: 12th March 2026 Payment date: 14th April 2026 Dividend yield will be 4.1%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio). However, it is covered by cash flows (57% cash payout ratio). The dividend has increased by an average of 3.7% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 4.8% to bring the payout ratio under control. EPS is expected to grow by 77% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. New Risk • Feb 27
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 61% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (61% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Announcement • Feb 26
Wilmington plc Increases Interim Dividend for the First Half Ended December 31, 2025, Payable on 14 April 2026 The Board of Wilmington plc has increased the interim dividend by 3% to 3.10 pence for the first half ended December 31, 2025 (first half fiscal year 2025: 3.00 pence) in line with profits. The company aim to keep dividend cover of at least 2 times for the full year. It will be paid on 14 April 2026 to shareholders on the share register as at 13 March 2026, with an associated ex-dividend date of 12 March 2026. Announcement • Dec 05
Wilmington plc to Report First Half, 2026 Results on Mar 03, 2026 Wilmington plc announced that they will report first half, 2026 results on Mar 03, 2026 Major Estimate Revision • Dec 01
Consensus revenue estimates increase by 13%, EPS downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from UK£107.5m to UK£121.2m. EPS estimate fell from UK£0.192 to UK£0.177. Net income forecast to grow 62% next year vs 43% growth forecast for Professional Services industry in the United Kingdom. Consensus price target broadly unchanged at UK£4.47. Share price rose 3.2% to UK£3.07 over the past week. Price Target Changed • Nov 24
Price target decreased by 10.0% to UK£4.26 Down from UK£4.73, the current price target is an average from 5 analysts. New target price is 43% above last closing price of UK£2.98. Stock is down 25% over the past year. The company is forecast to post earnings per share of UK£0.20 for next year compared to UK£0.13 last year. Announcement • Nov 11
Wilmington plc Announces Standing Down of Helen Sachdev as Senior Independent Director and Chair of the Remuneration Committee of the Board, Effective April 29, 2026 Wilmington plc announces that Helen Sachdev, Senior Independent Director and Chair of the Remuneration Committee, has informed the Board that she will stand down from the Board at the end of her current term on 29 April 2026. The Board will, therefore, commence a review of its options for the future composition of the Board. Announcement • Oct 30
Wilmington plc, Annual General Meeting, Nov 25, 2025 Wilmington plc, Annual General Meeting, Nov 25, 2025. Location: the offices of the company, 55 king william street, london ec4r 9ad United Kingdom Recent Insider Transactions Derivative • Oct 05
CEO & Executive Director exercised options and sold UK£234k worth of stock On the 30th of September, Mark Milner exercised options to acquire 72k shares at no cost and sold these for an average price of UK£3.25 per share. This trade did not impact their existing holding. For the year to June 2020, Mark's total compensation was 25% salary and 75% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, Mark's direct individual holding has increased from 369.75k shares to 450.35k. Company insiders have collectively sold UK£1.2m more than they bought, via options and on-market transactions in the last 12 months. New Risk • Sep 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (11% net profit margin). Declared Dividend • Sep 24
Final dividend increased to UK£0.085 Dividend of UK£0.085 is 2.4% higher than last year. Ex-date: 30th October 2025 Payment date: 3rd December 2025 Dividend yield will be 3.4%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 4.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 55% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Recent Insider Transactions • Sep 24
Chairman recently bought UK£105k worth of stock On the 22nd of September, Gordon Hurst bought around 30k shares on-market at roughly UK£3.49 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Gordon's only on-market trade for the last 12 months. Reported Earnings • Sep 22
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: UK£0.13 (down from UK£0.19 in FY 2024). Revenue: UK£101.5m (up 3.2% from FY 2024). Net income: UK£11.6m (down 33% from FY 2024). Profit margin: 11% (down from 18% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Sep 22
Wilmington plc Proposes Final Dividend, Payable on December 3, 2025 Wilmington plc announced final dividend of 8.5 pence per share (2024: 8.3 pence) will be proposed at the AGM. This will give a full year dividend up 2% to 11.5 pence (2024: 11.3 pence) and dividend cover of 2.0 times (2024: 2.0 times). If approved it will be paid on 3 December 2025 to shareholders on the register as at 31 October 2025 with an associated ex-dividend date of 30 October 2025. Announcement • Sep 01
Wilmington plc to Report Fiscal Year 2025 Results on Sep 22, 2025 Wilmington plc announced that they will report fiscal year 2025 results at 8:00 AM, GMT Standard Time on Sep 22, 2025 Announcement • Jul 30
Wilmington plc Confirms It Is in Exclusive Discussions to Acquire Professional Group Conversia Wilmington plc (LSE:WIL) is aware of market speculation regarding a potential acquisition and confirms that it is in exclusive discussions to acquire Professional Group Conversia S.L.U.
At this time, there can be no certainty that any agreement will be reached, however, if agreed, it is expected to constitute a Significant Transaction for the purposes of the UK Listing Rules. Announcement • Jul 25
Wilmington plc Provides Earning Guidance for the Year Ended 30 June 2025 Wilmington plc provided earning guidance for the year ended 30 June 2025. for the year, reported revenue is expected to be £101.5 million (2024: £126 million), with organic (Organic - Ongoing, eliminating acquisitions and exchange rate fluctuations) revenue also having decreased 1% due to the US, Operating profit from ongoing (eliminating the effects of the impact of disposals, closures and businesses held for sale) businesses is expected to be up 11%. Board Change • Jun 24
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Sophie Tomkins was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 10
Wilmington plc Announces Board Changes, with Effect from June 23, 2025 Wilmington plc announced that Martin Morgan will retire as Chair with effect from 23 June 2025 and will be replaced as Chair and as a director of the Group by Gordon Hurst from that date. Gordon will also join the Nomination and Remuneration Committees. Gordon worked at Capita plc as Group Finance Director from 1996 to 2015 and has followed a plural non-executive career since then, including being Non-Executive Chair of Darktrace plc from 2021 to 2024, Azets from 2019 to 2023, Feature space from 2014 to 2023 and Marston Holdings from 2016 to 2021 and a Non-Executive Director of Motorpoint plc from 2016 to 2021. Gordon is currently Non-Executive Chairman of Cadro Technologies (since May 2024) and Air IT (since August 2024). Gordon is a qualified chartered accountant and member of the ICAEW. Major Estimate Revision • Feb 24
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from UK£0.198 to UK£0.171 per share. Revenue forecast steady at UK£107.2m. Net income forecast to grow 27% next year vs 25% growth forecast for Professional Services industry in the United Kingdom. Consensus price target of UK£4.79 unchanged from last update. Share price was steady at UK£3.40 over the past week. Declared Dividend • Feb 19
First half dividend of UK£0.03 announced Dividend of UK£0.03 is the same as last year. Ex-date: 6th March 2025 Payment date: 4th April 2025 Dividend yield will be 3.3%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by both earnings (73% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has increased by an average of 4.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 60% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 17
Wilmington plc Announces Dividend for the Six Months Ended 31 December 2024, payable on April 4, 2025 Wilmington plc announced that the Board has kept the interim dividend at 3.00 pence (H1 FY24: 3.00 pence). It will be paid on 4 April 2025 to shareholders on the share register as at 7 March 2025, with an associated ex-dividend date of 6 March 2025. Announcement • Oct 27
Wilmington plc (LSE:WIL) acquired Phoenix HSC (UK) ltd from Future Planet Capital and others for £30.25 million. Wilmington plc (LSE:WIL) acquired Phoenix HSC (UK) ltd from Future Planet Capital and others for £30.25 million on October 25, 2024. Wilmington will pay an initial cash consideration of £30.25 million, with additional contingent consideration payable based on Phoenix Health & Safety's financial performance in each of the three years ending 31 March 2026, 31 March 2027 and 31 March 2028. On completion, Nick Higginson will retain full control of business operations as the company Managing Director, whilst the sale also sees an exit for current minority shareholder, Future Planet Capital. The total consideration will be financed from Wilmington's existing cash resources. The acquisition is expected to be earnings accretive in the first full year of ownership.
Wilmington plc (LSE:WIL) completed the acquisition of Phoenix HSC (UK) ltd from Future Planet Capital and others on October 25, 2024. Upcoming Dividend • Oct 24
Upcoming dividend of UK£0.083 per share Eligible shareholders must have bought the stock before 31 October 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (2.0%). Recent Insider Transactions • Oct 23
CEO & Executive Director recently sold UK£385k worth of stock On the 18th of October, Mark Milner sold around 101k shares on-market at roughly UK£3.80 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Mark's only on-market trade for the last 12 months. Declared Dividend • Sep 18
Final dividend increased to UK£0.083 Dividend of UK£0.083 is 14% higher than last year. Ex-date: 31st October 2024 Payment date: 4th December 2024 Dividend yield will be 2.9%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 3.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Sep 17
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: UK£0.19 (down from UK£0.23 in FY 2023). Revenue: UK£98.3m (down 20% from FY 2023). Net income: UK£17.2m (down 15% from FY 2023). Profit margin: 18% (up from 16% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 22%. Earnings per share (EPS) exceeded analyst estimates by 153%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 20% per year and the company’s share price has also increased by 20% per year. Announcement • Sep 16
Wilmington plc Proposes Final Dividend for the Year Ended 30 June 2024, Payable on 4 December 2024 Wilmington plc announced a final dividend of 8.3 pence per share for the year ended 30 June 2024 (2023: 7.3 pence) will be proposed at the AGM. This will give a full year dividend up 13% to 11.3 pence (2023: 10.0 pence) and dividend cover of 2.0 times (2023: 2.1 times). If approved it will be paid on 4 December 2024 to shareholders on the register as at 1 November 2024 with an associated ex-dividend date of 31 October 2024. New Risk • Sep 06
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 6.6% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Jun 28
Inspirit Franklin Holdings Ltd acquired UK Healthcare Business of Wilmington from Wilmington plc (LSE:WIL) for £21.3 million. Inspirit Franklin Holdings Ltd acquired UK Healthcare Business of Wilmington from Wilmington plc (LSE:WIL) for £21.3 million on June 27, 2024. The initial consideration of approximately £21.3 million comprises approximately £4.8 million in cash with the balance satisfied through the issue by the purchaser of secured loan notes. The total consideration will increase by up to approximately £5.1 million, subject to the UK Healthcare Business achieving certain EBITDA targets for the financial year ending 30 June 2025 and will be satisfied by the issue of additional loan notes. The loan notes will be for a term of four years and will carry a variable interest rate equal to the Bank of England base rate. The UK Healthcare Business includes the entire issued share capitals of Wilmington Healthcare Limited and Interactive Medica SL. The net proceeds of the disposal will be used for the general corporate purposes of the Group. For the year ended 30 June 2023, the UK Healthcare Business had gross assets of £34.1 million and reported a profit before tax of £2.5 million.
Inspirit Franklin Holdings Ltd completed the acquisition of UK Healthcare Business of Wilmington from Wilmington plc (LSE:WIL) on June 27, 2024. New Risk • May 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.2% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.2% average weekly change). Announcement • Apr 28
Phili@ Medical Editions SAS acquired Apm International from Wilmington plc (LSE:WIL) for an enterprise value €26 million. Phili@ Medical Editions SAS acquired Apm International from Wilmington plc (LSE:WIL) for an enterprise value of €26 million on April 26, 2024.The enterprise value of €26 million is paid in cash, subject to customary working capital adjustments. For the year ended 30 June 2023, APM had gross assets of €9.6 million and reported a profit before tax of €2.3 million. The proceeds of the sale will be used for general corporate purposes.
Phili@ Medical Editions SAS completed the acquisition of Apm International from Wilmington plc (LSE:WIL) on April 26, 2024. New Risk • Apr 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change). Board Change • Mar 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Non-Executive Director William Robert MacPherson was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Feb 22
Upcoming dividend of UK£0.03 per share Eligible shareholders must have bought the stock before 29 February 2024. Payment date: 10 April 2024. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of British dividend payers (6.0%). Higher than average of industry peers (1.9%). Declared Dividend • Feb 21
First half dividend increased to UK£0.03 Dividend of UK£0.03 is 11% higher than last year. Ex-date: 29th February 2024 Payment date: 10th April 2024 Dividend yield will be 3.0%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (50% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 3.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 41% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 19
First half 2024 earnings released: EPS: UK£0.066 (vs UK£0.087 in 1H 2023) First half 2024 results: EPS: UK£0.066 (down from UK£0.087 in 1H 2023). Revenue: UK£43.9m (up 3.5% from 1H 2023). Net income: UK£5.85m (down 24% from 1H 2023). Profit margin: 13% (down from 18% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Announcement • Feb 07
Wilmington plc Announces Management Changes Wilmington plc announced that it has appointed Sophie Tomkins as Non-Executive Director and Audit Committee Chair designate with effect from 23 April 2024. Paul Dollman, a Non-Executive Director and Audit Committee Chair, is stepping down from the Board in September 2024, after nine years as a Non-Executive Director. Sophie will join the Audit, Nomination and Remuneration Committees and take over as Audit Committee Chair in September 2024. Sophie has worked at a number of financial institutions including Fairfax, Collins Stewart and Cazenove. She is now a Non-Executive Director and Audit Committee Chair of Virgin Wines UK plc and System1 Group plc and was previously a Non-Executive Director of Hotel Chocolat Group plc, the SnowFox Group, Cloudcall Group plc and Proactis Holdings plc. Sophie is a qualified chartered accountant and member of the ICAEW. Announcement • Jan 19
Wilmington plc to Report First Half, 2024 Results on Feb 19, 2024 Wilmington plc announced that they will report first half, 2024 results on Feb 19, 2024 Price Target Changed • Nov 27
Price target increased by 7.7% to UK£4.20 Up from UK£3.90, the current price target is an average from 2 analysts. New target price is 24% above last closing price of UK£3.38. Stock is up 20% over the past year. The company posted earnings per share of UK£0.23 last year. Announcement • Nov 24
Wilmington plc (LSE:WIL) acquired Astutis Limited for £21.5 million. Wilmington plc (LSE:WIL) acquired Astutis Limited for £21.5 million on November 23, 2023. Wilmington has acquired Astutis for an initial consideration of £16.8 million, with contingent consideration of up to £4.7 million based on Astutis' performance in each of the two years ending June 30, 2025 and June 30, 2026. The total consideration will be financed from the Group's existing cash resources. The acquisition is part of Wilmington's strategy to focus on consolidating its already strong presence in the large, growing and rapidly evolving GRC markets. The acquisition is expected to be earnings enhancing in the first full year of ownership. In the 12-month period ended June 30, 2023, Astutis reported unaudited revenues of £7.4 million, up 25% YOY and has demonstrated a strong track record of organic growth over a number of years. Profit before tax during the period was £2.0 million with gross assets of £5.3 million, including intangible assets.Wilmington plc (LSE:WIL) completed the acquisition of Astutis Limited on November 23, 2023. Upcoming Dividend • Oct 26
Upcoming dividend of UK£0.073 per share at 3.1% yield Eligible shareholders must have bought the stock before 02 November 2023. Payment date: 28 November 2023. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of British dividend payers (6.8%). Higher than average of industry peers (2.3%). Recent Insider Transactions • Oct 05
CEO & Executive Director recently sold UK£474k worth of stock On the 2nd of October, Mark Milner sold around 147k shares on-market at roughly UK£3.22 per share. This transaction amounted to 38% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Mark's only on-market trade for the last 12 months. Announcement • Sep 27
Wilmington plc, Annual General Meeting, Nov 22, 2023 Wilmington plc, Annual General Meeting, Nov 22, 2023. Reported Earnings • Sep 26
Full year 2023 earnings released: EPS: UK£0.23 (vs UK£0.38 in FY 2022) Full year 2023 results: EPS: UK£0.23 (down from UK£0.38 in FY 2022). Revenue: UK£123.5m (up 2.0% from FY 2022). Net income: UK£20.2m (down 39% from FY 2022). Profit margin: 16% (down from 27% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Announcement • Sep 25
Wilmington plc Proposes Final Dividend, Payable on 28 November 2023 Wilmington plc announced final dividend of 7.3 pence per share (2022: 5.8 pence) will be proposed at the AGM. This will give a full year dividend up 22% to 10.0 pence (2022: 8.2 pence) and dividend cover of 2.1 times (2022: 2.3 times). If approved it will be paid on 28 November 2023 to shareholders on the register as at 28 October 2023 with an associated ex-dividend date of 27 October 2023. New Risk • Aug 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to UK£3.10, the stock trades at a trailing P/E ratio of 15x. Average forward P/E is 13x in the Professional Services industry in the United Kingdom. Total returns to shareholders of 146% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£4.77 per share. Announcement • Jul 26
Wilmington plc Provides Earnings Guidance for the Year Ended 30 June 2023 Wilmington plc provided earnings guidance for the year ended June 30, 2023. For the period, Company expects organic revenue growth to be 9%, with reported revenues in the order of £123.5 million (2021: £121.0 million). Recurring revenue up 7% underpinned by strong retention rates. Price Target Changed • Jul 26
Price target increased by 8.0% to UK£4.05 Up from UK£3.75, the current price target is an average from 2 analysts. New target price is 38% above last closing price of UK£2.94. Stock is up 7.3% over the past year. The company posted earnings per share of UK£0.37 last year. Upcoming Dividend • Feb 23
Upcoming dividend of UK£0.027 per share at 2.5% yield Eligible shareholders must have bought the stock before 02 March 2023. Payment date: 06 April 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of British dividend payers (5.6%). In line with average of industry peers (2.3%). Reported Earnings • Feb 22
First half 2023 earnings released: EPS: UK£0.094 (vs UK£0.26 in 1H 2022) First half 2023 results: EPS: UK£0.094 (down from UK£0.26 in 1H 2022). Revenue: UK£57.4m (down 2.6% from 1H 2022). Net income: UK£8.27m (down 64% from 1H 2022). Profit margin: 14% (down from 39% in 1H 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Jan 25
Wilmington plc to Report First Half, 2023 Results on Feb 20, 2023 Wilmington plc announced that they will report first half, 2023 results on Feb 20, 2023 Upcoming Dividend • Oct 20
Upcoming dividend of UK£0.058 per share Eligible shareholders must have bought the stock before 27 October 2022. Payment date: 28 November 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of British dividend payers (6.2%). In line with average of industry peers (2.5%). Reported Earnings • Sep 23
Full year 2022 earnings released: EPS: UK£0.38 (vs UK£0.052 loss in FY 2021) Full year 2022 results: EPS: UK£0.38 (up from UK£0.052 loss in FY 2021). Revenue: UK£121.0m (up 7.1% from FY 2021). Net income: UK£32.8m (up UK£37.4m from FY 2021). Profit margin: 27% (up from net loss in FY 2021). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jun 16
Price target increased to UK£3.50 Up from UK£3.10, the current price target is provided by 1 analyst. New target price is 58% above last closing price of UK£2.22. Stock is up 7.8% over the past year. The company posted a net loss per share of UK£0.052 last year. Price Target Changed • Mar 15
Price target increased to UK£3.30 Up from UK£3.00, the current price target is provided by 1 analyst. New target price is 27% above last closing price of UK£2.60. Stock is up 33% over the past year. The company posted a net loss per share of UK£0.052 last year. Reported Earnings • Feb 24
First half 2022 earnings: EPS in line with analyst expectations despite revenue beat First half 2022 results: EPS: UK£0.26 (up from UK£0.05 in 1H 2021). Revenue: UK£58.9m (up 7.0% from 1H 2021). Net income: UK£22.9m (up 418% from 1H 2021). Profit margin: 39% (up from 8.0% in 1H 2021). The increase in margin was primarily driven by lower expenses. Revenue exceeded analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 1.2%, compared to a 11% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Jan 28
Wilmington plc Provides Earnings Guidance for the Year to June 30, 2022 Wilmington plc provided earnings guidance for the year to June 30, 2022. The company announced increase in expected profits for the full year to 30 June 2022. The company announced that the strong first half trading and the return to face-to-face events means that profit for the financial year is expected to be comfortably ahead of expectations. Price Target Changed • Jan 17
Price target increased to UK£3.00 Up from UK£2.70, the current price target is provided by 1 analyst. New target price is 38% above last closing price of UK£2.18. Stock is up 25% over the past year. The company posted a net loss per share of UK£0.052 last year. Upcoming Dividend • Oct 07
Upcoming dividend of UK£0.039 per share Eligible shareholders must have bought the stock before 14 October 2021. Payment date: 12 November 2021. Trailing yield: 3.4%. Lower than top quartile of British dividend payers (4.1%). Higher than average of industry peers (1.8%). Reported Earnings • Sep 21
Full year 2021 earnings released: UK£0.052 loss per share (vs UK£0.053 profit in FY 2020) The company reported a poor full year result with weaker earnings and control over costs, although revenues were flat. Full year 2021 results: Revenue: UK£113.0m (flat on FY 2020). Net loss: UK£4.55m (down 197% from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 23
New 90-day high: UK£1.81 The company is up 24% from its price of UK£1.46 on 25 November 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is down 3.0% over the same period. Reported Earnings • Feb 20
First half 2021 earnings released: EPS UK£0.05 (vs UK£0.036 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: UK£55.1m (down 7.4% from 1H 2020). Net income: UK£4.42m (up 41% from 1H 2020). Profit margin: 8.0% (up from 5.3% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Price Target Changed • Feb 18
Price target raised to UK£2.05 Up from UK£1.90, the current price target is provided by 1 analyst. The new target price is 22% above the current share price of UK£1.68. As of last close, the stock is down 31% over the past year. Announcement • Jan 20
Wilmington plc Appoints William Macpherson to the Board as Non-Executive Director and Director Responsible for Worker Representation and to the Audit, Nomination and Remuneration Committees with Effect from February 11, 2021 Wilmington plc announced with effect from February 11, 2021 the appointment of William Macpherson to the Board as a Non-Executive Director and director responsible for worker representation. William will join the Audit, Nomination and Remuneration Committees with effect from the date of his appointment. William brings a wealth of experience to Wilmington following a successful executive career as CEO of a number of professional education and skills development organisations. He is a non-executive director and chairman of Learning Curve Group Limited, Chair of Hatcham College Academy and a non-executive director of the London Film School.