Harwood Wealth Management Group (HW.)

Sector:

Financials

Index:

FTSE AIM All-Share

 160.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 160.00
  • 52 Week Low: 115.00
  • Currency: UK Pounds
  • Shares Issued: 62.54m
  • Volume: 0
  • Market Cap: £100.07m
  • Beta: 0.13

Harwood Wealth Management to raise £10m to fund acquisitions

By Maryam Cockar

Date: Thursday 30 Mar 2017

LONDON (ShareCast) - (ShareCast News) - Shares in Harwood Wealth Management tumbled on Wednesday ahead of the company's equity placing to raise about £10m to fund potential acquisitions as part of its growth strategy.
The AIM-listed financial planning and wealth management group is planning to raise funds from an accelerated bookbuild of shares of 150p each.

If there is sufficient demand, joint chief executive Neil Dunkley, his wife Sian Dunkley, and chief commercial officer Mark Howard have agreed to sell up to 1.33m shares owned by them at 150p each to raise £2m.

The placing is subject to shareholder approval at the next meeting on 18 April and then the new shares will be admitted to trade on AIM the following day.

Harwood will use the equity raised to pursue its growth strategy through acquisitions and build on the 17 acquisitions it made in the 2016 financial year for a collected £11.6m.

Its assets under Influence increased 75% in that period to £2.06bn and assets under management grew to £693m from £276m.

The company has agreed to buy six acquisitions for £3.1m which would add about £156m of assets under administration. It also has nine further acquisitions in the pipeline worth £14.95m, which would add about £960m of assets under administration.

Shares in Harwood Wealth Management were down 20.98% to 171.87p at 0926 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

HW. Market Data

Currency UK Pounds
Share Price 160.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 160.00
52 Week Low 115.00
Volume 0
Shares Issued 62.54m
Market Cap £100.07m
Beta 0.13

HW. Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
65.67% below the market average65.67% below the market average65.67% below the market average65.67% below the market average65.67% below the market average
60.29% below the sector average60.29% below the sector average60.29% below the sector average60.29% below the sector average60.29% below the sector average
Price Trend
38.48% above the market average38.48% above the market average38.48% above the market average38.48% above the market average38.48% above the market average
49.32% above the sector average49.32% above the sector average49.32% above the sector average49.32% above the sector average49.32% above the sector average
Income
2.79% above the market average2.79% above the market average2.79% above the market average2.79% above the market average2.79% above the market average
9.76% below the sector average9.76% below the sector average9.76% below the sector average9.76% below the sector average9.76% below the sector average
Growth
97.64% above the market average97.64% above the market average97.64% above the market average97.64% above the market average97.64% above the market average
95.08% above the sector average95.08% above the sector average95.08% above the sector average95.08% above the sector average95.08% above the sector average

HW. Dividends

  Latest Previous
  Interim Final
Ex-Div 24-Oct-19 25-Apr-19
Paid 08-Nov-19 10-May-19
Amount 1.17p 2.42p

Trades for --2019

Time Volume / Share Price
0 @ 0.000p

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