Simon Thompson 

Exploiting value plays

Simon Thompson

Simon Thompson

Alternative Investment Market (Aim)-traded stockbroker and private wealth manager WH Ireland (WHI:152p) has produced the sharp profit recovery I was anticipating when I last recommended buying the shares at 135p a month ago on the back of a bullish pre-close interim trading update ('Top-slicing and running profits', 26 June 2017). Admittedly, comparatives were soft given the company was unable to undertake regulated activities for a 72-day period in the first half last year after being fined by the FCA ('WH Ireland hit by FCA fine', 23 February 2016).

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