Wilson HTM Investment Group Ltd (WIG)



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General Information
Company Name: Wilson HTM Investment Group Ltd
Stock Code: WIG
Website: www.wilsonhtm.com.au
GICS Sub-Industry: Asset Management & Custody Banks
Market Cap ($M): 78
Equiv. Shares (M): 104

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.750 $ 0.750 $ 0.750 $ 0.750 $ 0.750 94,538 0%

Company Overview

Business Description:
Wilson HTM Investment Group (WIG) is a financial services company, providing corporate, trustee, individual, and institutional clients with Wealth Management, Stockbroking, Managed Accounts plus Cash, Fixed Interest and Managed Funds options. WIG operates three main businesses including Capital Markets, Wealth Management, and Business Investment.

Strategy Analysis:
The company aims to build an integrated investment group with multiple sources of revenue in order to insulate the business across a variety of market conditions. Focus of its Capital Markets business remains on the mid market companies. Wilson HTM Investment Group reported NPAT down 67% to $2.65m for the half-year ended 31 December 2010. Revenues from ordinary activities were $74.78m, down 19% from the same period last year. Diluted EPS was 2.5 cents compared to 7.8 cents last year. The net operating cash outflow was ($12.47m) compared to an inflow of $21,392m in the pcp. The interim dividend declared was 2 cents compared with 3 cents last year.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014  A 8.4 4.5 -- 11.4 2.8 5.4 100.0
2013  A 1.1 -1.6 -- 0.0 0.0 0.0 --
2012  A -7.7 -7.3 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Wilson HTM Investment Group (WIG) $78 M -- -- -- 16.6667 -- -- 3.67 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth
WIG -- 16.7 1.49 --
Market 0.92 15.3 1.20 1.77
Sector 1.20 13.4 1.04 1.87

Directors
Name Position Start Date
Mr Steven Monteith Wilson Executive Director 23 April 2002
Mr Alexander (Sandy) Grant Managing Director 11 April 2014
Mr Steven Michael Skala Non-Executive Chairman 28 June 2002
Mr Alan Watson Non-Executive Director 15 July 2013
Mr Chum Darvall Non-Executive Director 19 October 2005

Management
Name Position
Ian Macoun Chairman and Managing Director of Pinnacle Investment Management Limited
Donald Charles Mackenzie Company Secretary
Philippa Abbott Joint Company Secretary

Substantial Shareholders
Holding Name
18,913,000 (18.26%) Wilson, Steven M
20,502,303 (19.80%) Deutsche Australia Limited

Calendar of Events
Date Event
31 August 2015 Report (Prelim)
26 August 2015 Report (Prelim)
26 August 2015 Report (Annual)
25 February 2015 Report (Interim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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