Kingswood Holdings Limited Acquires The Business And Assets Of WFI Financial

  • Sep 04, 2019 BST
  • Team Kalkine

Kingswood Holdings Limited (AIM: KWG), has acquired the business and assets of WFI Financial for a maximum cash consideration of £14.0 million. As per the exchanged contract, the total amount is payable over a 30-month period of which £3.5million will be payable at closing of the acquisition, which is expected to take place at the end of September 2019 and rest on a deferred basis subject to WFI meeting pre-agreed asset migration, EBITDA and recurring revenue targets during the period.

On 4th September 2019, at the time of writing, GMT 08:03 AM, KWG shares were trading at GBX 8.00, flat against the previous day closing price.

With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?

Well! Team Kalkine has a solution for you. You still can earn a relatively stable income by putting money in the dividend-paying stocks.

We think it is the perfect time when you should start accumulating selective dividend stocks to beat the low-interest rates, while we provide a tailored offering in view of valuable stock opportunities and any dividend cut backs to be considered amid scenarios including a prolonged market meltdown.

To know more about these dividend stocks, click here

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK