Share Plc - Interim results

Tuesday, Aug 16 2011 by

Share Plc, the parent company of stockbroker The Share Centre, announced that the interim results to June 2011 showed revenues of £7.4 million (2010: £7.5 million), pre-tax profit of £1.05 million (2010: £1.58 million) and adjusted EPS of 0.6p (2010: 0.8p).

The company reported that without the impact of the interest rate floor policy (which expired in November 2010), revenues were £7.4 million (2010: £6.2 million). Whilst Q1 showed strong dealing volume growth, in Q2 volumes fell back. H2 to date is showing Q2 volumes.

Revenues included commissions of £3.1 million (2010: £3.0 million), fees of £3.3 million (2010: £2.7 million) and interest of £900,000 (2010: £1.9 million). A Primary Fundraising Service based on the Sharemark platform was launched in July 2011, and is targeted at SMEs seeking to raise up to €5 million.

The SHRE share price has decreased by 10% over the last year.

Share Plc is currently graded b by LCF Research. To learn more, follow the link.


Disclaimer:  

This note was prepared by LCF Research Limited using information provided by the subject company’s management or publically available news sources. No representations are made nor warranties given (express or implied) in relation to accuracy and completeness. This document is not an invitation to invest in the subject company and does not purport to contain all the necessary information that a prospective investor might require. LCF Research Limited recommends prospective investors to conduct their own thorough independent analysis of the subject company and the information contained in this note or referred to above.


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Share plc is a United Kingdom-based holding company. The Company operates in two segments: The Share Centre, which provides stock broking and custodian services to retail investors, and Sharefunds, which operates a fund administration service. The segment's customers are authorized funds for whom a range of administration services may be provided. Its subsidiaries include Share Centre Limited, engaged in retail stock broking; The Share Centre (Administration services) Limited, engaged in providing administration services; Sharefunds Limited; Share Nominees Limited; Stock Academy Nominees Limited, and Sharesecure Limited. Share Centre Limited provides and administers execution-only and advisory trading accounts (share accounts), individual savings accounts (ISAs), self-invested personal pension plans (SIPPs), child trust fund accounts (CTFs), junior individual savings accounts (JISA), share incentive plans (SIPs), investment club share accounts and enterprise investment scheme (EIS). more »

Share Price (AIM)
28.75p
Change
4.6%
Mkt Cap (£m)
41.3
P/E (fwd)
28.3
Yield (fwd)
3.0



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