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Harwood Wealth Management Group plc (HW.) Ordinary 0.25p

Sell:140.00p Buy:145.00p 0 Change: No change
Market closed Prices as at close on 20 February 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Bid situation | Scheme of Arrangement

Harwood Wealth Group plc Ordinary 0.25p

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 27 Jan 2020)

Harwood Wealth Management Group plc is (Harwood Wealth) seeking shareholder approval for a recommended cash acquisition by Hurst Point Topco Ltd (‘Bidco’), who have offered 145p in cash for each Harwood Wealth share.

 

You can vote

 

The Scheme is subject to shareholder approval at a general meeting and court meeting both being held on 12 February 2020 and court approval at a hearing expected to be held in the second quarter of 2020. To vote please submit an instruction below before our noon Friday 7 February 2020 deadline.

 

Alternative cash and share offer

 

There are also two alternative offers for a mixture of cash and unlisted Bidco units* as follows:

 

• The first offer is 117.45p in cash and 2.755 Bidco units (made up of 272.745 Bidco B Preference shares and 2.755 Bidco B ordinary shares) for each Harwood Wealth share. Based on an estimated value of 5.2-10.2p per Bidco unit by RBC Capital Markets, this offer implies a value between 131.8p and 145.4p per Harwood Wealth share.

• The second offer is 100.05p in cash and 4.495 Bidco units (made up of 445.005 Bidco B Preference shares and 4.495 Bidco B ordinary shares) for each Harwood Wealth share. Based on an estimated value of 5.2-10.2p per Bidco unit by RBC Capital Markets, this offer implies a value between 123.5p and 145.7p per Harwood Wealth share.

 

*Bidco units will non-tradable, non-transferable, and will not give you any voting rights. The units do not qualify to be held within an ISA.

 

Whilst the cash offer has been declared fair and reasonable by the directors of Harwood Wealth, no such statement has been made in respect of the alternative offers.

 

If you would like to elect one of the alternative offers you can do so by calling us on 0117 980 9912 before our deadline of noon on Wednesday 12 February 2020. You will not be able to elect for the alternative offers using our online voting facility. You will need to have read the full prospectus before choosing one of the alternative offers.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:140.00p
Buy:145.00p
Change: No change
Market closed Prices as at close on 20 February 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Bid situation | Scheme of Arrangement

Harwood Wealth Group plc Ordinary 0.25p

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 27 Jan 2020)

Harwood Wealth Management Group plc is (Harwood Wealth) seeking shareholder approval for a recommended cash acquisition by Hurst Point Topco Ltd (‘Bidco’), who have offered 145p in cash for each Harwood Wealth share.

 

You can vote

 

The Scheme is subject to shareholder approval at a general meeting and court meeting both being held on 12 February 2020 and court approval at a hearing expected to be held in the second quarter of 2020. To vote please submit an instruction below before our noon Friday 7 February 2020 deadline.

 

Alternative cash and share offer

 

There are also two alternative offers for a mixture of cash and unlisted Bidco units* as follows:

 

• The first offer is 117.45p in cash and 2.755 Bidco units (made up of 272.745 Bidco B Preference shares and 2.755 Bidco B ordinary shares) for each Harwood Wealth share. Based on an estimated value of 5.2-10.2p per Bidco unit by RBC Capital Markets, this offer implies a value between 131.8p and 145.4p per Harwood Wealth share.

• The second offer is 100.05p in cash and 4.495 Bidco units (made up of 445.005 Bidco B Preference shares and 4.495 Bidco B ordinary shares) for each Harwood Wealth share. Based on an estimated value of 5.2-10.2p per Bidco unit by RBC Capital Markets, this offer implies a value between 123.5p and 145.7p per Harwood Wealth share.

 

*Bidco units will non-tradable, non-transferable, and will not give you any voting rights. The units do not qualify to be held within an ISA.

 

Whilst the cash offer has been declared fair and reasonable by the directors of Harwood Wealth, no such statement has been made in respect of the alternative offers.

 

If you would like to elect one of the alternative offers you can do so by calling us on 0117 980 9912 before our deadline of noon on Wednesday 12 February 2020. You will not be able to elect for the alternative offers using our online voting facility. You will need to have read the full prospectus before choosing one of the alternative offers.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:140.00p
Buy:145.00p
Change: No change
Market closed Prices as at close on 20 February 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Bid situation | Scheme of Arrangement

Harwood Wealth Group plc Ordinary 0.25p

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 27 Jan 2020)

Harwood Wealth Management Group plc is (Harwood Wealth) seeking shareholder approval for a recommended cash acquisition by Hurst Point Topco Ltd (‘Bidco’), who have offered 145p in cash for each Harwood Wealth share.

 

You can vote

 

The Scheme is subject to shareholder approval at a general meeting and court meeting both being held on 12 February 2020 and court approval at a hearing expected to be held in the second quarter of 2020. To vote please submit an instruction below before our noon Friday 7 February 2020 deadline.

 

Alternative cash and share offer

 

There are also two alternative offers for a mixture of cash and unlisted Bidco units* as follows:

 

• The first offer is 117.45p in cash and 2.755 Bidco units (made up of 272.745 Bidco B Preference shares and 2.755 Bidco B ordinary shares) for each Harwood Wealth share. Based on an estimated value of 5.2-10.2p per Bidco unit by RBC Capital Markets, this offer implies a value between 131.8p and 145.4p per Harwood Wealth share.

• The second offer is 100.05p in cash and 4.495 Bidco units (made up of 445.005 Bidco B Preference shares and 4.495 Bidco B ordinary shares) for each Harwood Wealth share. Based on an estimated value of 5.2-10.2p per Bidco unit by RBC Capital Markets, this offer implies a value between 123.5p and 145.7p per Harwood Wealth share.

 

*Bidco units will non-tradable, non-transferable, and will not give you any voting rights. The units do not qualify to be held within an ISA.

 

Whilst the cash offer has been declared fair and reasonable by the directors of Harwood Wealth, no such statement has been made in respect of the alternative offers.

 

If you would like to elect one of the alternative offers you can do so by calling us on 0117 980 9912 before our deadline of noon on Wednesday 12 February 2020. You will not be able to elect for the alternative offers using our online voting facility. You will need to have read the full prospectus before choosing one of the alternative offers.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
142.50p
Trade high:
n/a
Year high:
162.50p
Market capitalisation
Market cap.
:
£89.12 million
Previous close:
142.50p
Trade low:
n/a
Year low:
110.00p
P/E ratio:
17.99
Previous:
0.00p (0.00%)
Previous:
0.00p
Volume:
n/a
Dividend yield:
0.82%
EMS:
1,500
Data delayed by at least 15 minutes.

Performance

Not available for this stock.

Fundamental data

Year ending: 31/10/2018 31/10/2017
Revenue (£m) 32.69 25.89
Profit before tax (£m) 1.96 1.20
Adjusted EPS (p): 7.92 5.87
P/E ratio 19.30 26.40
PEG 0.60 n/a
EPS growth (%) 35.00 2,346.00

Values are quoted in the stock's local currency: British pound

All fundamental data

Recent dividends paid or declared by Harwood Wealth Management Group plc:

Type Ex-div date Payment date Amount
Interim 24/10/2019 08/11/2019 1.17p
Final 25/04/2019 10/05/2019 2.42p
Interim 25/10/2018 09/11/2018 1.08p
Final 26/04/2018 11/05/2018 2.24p
Interim 26/10/2017 10/11/2017 1.00p

This data is provided by Digital Look. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision.

Full dividend history

Five years' total annual Harwood Wealth Management Group plc dividends:

Financial
year end
Dividend
yield
Dividend
cover
Total dividend
paid
31/10/2018 2.30% 2.26 3.50p
31/10/2017 2.10% 1.81 3.24p
31/10/2016 1.50% 0.12 2.00p
31/10/2015 n/a n/a n/a

All dividend data is calculated excluding any special dividends. Historical dividends may be adjusted to reflect any subsequent rights issues and corporate actions.

Full dividend history

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Important Documents

There are no documents available for this stock.

Broker forecasts

Broker recommendations for this stock are not available.

Time / date Time Buy / sell Type Volume Price Value
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The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled ‘N/A’.

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by NBTrader. Charts provided by Factset. 'Broker forecast' and 'Recent trades' provided by MoneyAM. News and fundamental data provided by Digital Look.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.