Feb 27th 2013 - Edison Investment Research today published a report on Wilmington (WIL.L, LSE:WIL, LON:WIL) entitled "Steady Progress". In summary, the report says:
H113 results will have reassured investors that Wilmington Group (WIL) continues to benefit from a resilient core business and margin uplift from the restructuring exercise. Short- to medium-term growth opportunities remain in the core Pension & Insurance, Banking & Compliance and Healthcare verticals. The outlook for Legal remains challenging but margins have improved significantly. The FY13 P/E of 12.8x looks up with events and the 4.4% yield is supported by a healthy balance sheet.
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