Capturing Changes in Investor Sentiments – Research Report on WMI Holdings Corp

NEW YORK, NY / ACCESSWIRE / December 28, 2015 / Trader’s Choice has initiated research coverage on WMI Holdings Corp (NASDAQ: WMIH). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.

Today, membership is open to readers on a complementary basis at the following URL:

http://www.traders-choice.com/pdf?s=WMIH

Highlights from our WMIH Report include:

Adequate Funding Arrangement for Future Acquisitions – With its legacy reinsurance business being operated in runoff mode, WMIH continues its engagement in the development of strategies to acquire one or more of an operating business, to grow its business further. WMIH’s primary focus in 2015 was to identify and evaluate acquisition opportunities of varying sizes in the financial services industry, which included targets within consumer finance, specialty finance, leasing and insurance operations.

Advantages of Recent NASDAQ Listing – The stock of WMIH commenced its trading on NASDAQ Capital Market on Monday, September 28, 2015, under the symbol “WMIH.” Prior to this, the shares of WMIH were traded on the OTCQB® Venture Market operated by OTC Markets Group. As benefits of its recent listing on one of the largest U.S. stock exchanges, the company’s shares are likely to receive more visibility among institutional and retail investors in NASDAQ.

Strategic Benefits from KKR’s Nominations – WMIH reincorporation from the State of Washington to the State of Delaware resulted in the expansion of the size of its Board of Directors from seven to eleven members. Consequently, Tagar C. Olson and Paul E. Raether, who were nominated by KKR Fund Holdings L.P. (KKR Fund), pursuant to the Investor Rights Agreement between the company and KKR Fund, joined the board of WMIH along with William C. Gallagher and Thomas L. Fairfield, effective as of May 12, 2015.

Q3 2015 Results Highlights – On December 15, 2015, WMIH Corp came out with it Q3 2015 results. Net revenue totaled $1.49 million, a 13.54% decline from the year-ago period, while general and administrative expenses (G&A) grew considerably to $13.20 million, reflecting a 926.0% year-over-year increase. WMIH’s net operating loss widened substantially to $12.72 million, compared to a net operating loss of $1.30 million in Q3 2014.

Overall Outlook for the Reinsurance Industry – The outlook for the global reinsurance sector remains negative according to a report by Moody’s Investors Services. Moody’s expects excess capital in the reinsurance market and weaker demand from primary insurers.

To find out how this influences our rating on WMI Holdings Corp, read the full report in its entirety here: http://www.traders-choice.com/pdf?s=WMIH.

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