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WH Ireland
- BY: Andrew Hore |
- POSTED: 20/04/2008 |
Blue Oar is rumoured to be considering a bid for rival Aim adviser WH Ireland
The two firms could be a good fit and there would be scope to cut duplicated costs. WH Ireland’s shareholders voted against giving its directors permission to issue additional shares without offering them to existing shareholders. This comes after a consortium announced plans to acquire a 26% stake in the broker.
Both of the companies have strong balance sheets. Blue Oar had cash of £23.1m at the end of 2007. WH Ireland had net cash of £3.21m at the end of November 2007 plus a head office property valued at £8.25m.
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