The Singers team caught up with the management of Wilmington (one of our 2026 ‘Best Ideas’ picks) yesterday. This meeting provided a clear reminder of the group’s attractive financial characteristics, strong fundamentals and growth opportunities, and reinforced our conviction that its stock offers compelling value. We regard recent share price weakness as unwarranted and reiterate our 514p 12m target price (>75%TSR upside) and BUY recommendation.
