Morning folks!

A couple of interesting RNS announcements to cover today.

In the US last night, we had further entertainment from Elon Musk at Tesla ($TSLA), who tweeted: "Am considering taking Tesla private at $420. Funding secured."

It looked like it was probably a joke to me (and to others), but Musk went on to write a blog post on Tesla's website about it. From a legal point of view, it can be expensive to joke about these things.

Tesla's share price increased by 11% to close at $380 last night, not far off its all-time highs. Stormy weather in Shortville.


Today we have:

  • Share (LON:SHRE) - interim results. I'm conducting an interview with the company shortly.
  • TT electronics (LON:TTG) - half-year report
  • Innovaderma (LON:IDP) - appointment of CEO. Roots haircare brand to be ranged in Tesco.
  • SCS (LON:SCS) - trading in line with expectations
  • Stock Spirits (LON:STCK) - H1 results


Share (LON:SHRE)

  • Share price: 26p (unch.)
  • No. of shares: 144 million
  • Market cap: £37 million

Half year results

This is a stockbroker many of you will be familiar with as clients. It trades as The Share Centre.

I've just finished an interview with Richard Stone (CEO) and Mike Birkett (CFO).

My impression of the company hasn't changed. It seems to be providing clients with a very nice service, and is one of the safer brokers.

Beaufort clients will be keen to study their new service provider, as Share won the transfer of 15,000 Beaufort accounts in what must have been a competitive process.

Combining the Beaufort transfer with two other agreements, Share will soon be welcoming 38,000 new customers for a total of £1.5 billion in new assets under administration (AuM).

AuM is making serious headway. From £4.3 billion a year ago, it now stands at £5 billion and that is with the additional £1.5 billion still to arrive. This should translate to significantly greater revenues.

The Share Centre is not the cheapest out there when it comes to execution-only dealing, but it does have an excellent net promoter score (better than all other execution-only…

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