Harwood Wealth (“HW”) has provided an update summarising all acquisitions in H1. Nine acquisitions have been completed with £310m additional AuI. Consideration payable totals £10.9m, but part of this will be paid in coming years and is contingent on performance. We do not change our forecasts at this stage with these acquisitions providing only a partial contribution in FY18e. We note an attractive 16x PER (ex-free cash available to make acquisitions). HW will announce interims on 3rd July 2018.
05 Jun 2018
9 H1 acquisitions adding £310m AuI, forecasts unch
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9 H1 acquisitions adding £310m AuI, forecasts unch
Harwood Wealth Management (HW.:LON) | 0 0 0.0% | Mkt Cap: 89.1m
- Published:
05 Jun 2018 -
Author:
Andrew Watson -
Pages:
3
Harwood Wealth (“HW”) has provided an update summarising all acquisitions in H1. Nine acquisitions have been completed with £310m additional AuI. Consideration payable totals £10.9m, but part of this will be paid in coming years and is contingent on performance. We do not change our forecasts at this stage with these acquisitions providing only a partial contribution in FY18e. We note an attractive 16x PER (ex-free cash available to make acquisitions). HW will announce interims on 3rd July 2018.