Wilmington has delivered profits and dividends slightly ahead of our forecasts for FY15. There was good cash conversion again (107%). Management indicate trading is on track for FY16. The strategic program launched by management continues to deliver and we expect good progress on earnings growth and quality again in FY16. We continue to see WIL as a strong play on the growth in regulation and compliance across many sectors. Good management that are executing support further progress. We reiterat ....
