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 holding company. The principal business of the Company is made up of two integrated activities provided through The Share Centre Limited, which include the provision of custodial administration whereby the Company acts as nominee for a number of different types of accounts, including Share Accounts, individual savings accounts (ISAs) and Child Trust Funds, and a dealing service to allow customers holding accounts to trade investments, including equities and funds. In addition, the Company operates a fund administration business (Sharefunds). The Company operates in two segments: The Share Centre, which is the main trading business and provides stock broking and custodian services to retail investors, and Sharefunds, which operates a fund administration service. The division’s customers are authorised funds for whom a range of administration services may be provided. more »

Share Price (AIM)
36p
Change
0.0  0.0%
P/E (fwd)
22.9
Yield (fwd)
2.1
Mkt Cap (£m)
51.7



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