Share (SHRE)

Business description

Share plc’s main subsidiary is The Share Centre, which is a self-select retail stockbroker that also offers share services for corporates and employees.

Stock data

Market cap.£38.8m
Last close27.00p
High / Low (52 weeks)29.0p / 22.8p
Stock market listingLN
Forecast net cash (£m)8.9
Forecast gearing ratio (%)N/A

Price performance

Relative *(0.6)22.1(0.4)

* % Relative to local index

Other companies in sector Show

3i Group Abbey Protection
Aberdeen Asset Management Admiral Group
AFH Financial Group Ai Claims Solutions
Alpha Strategic Amlin
APQ Global Arbuthnot Banking Group
Arden Partners Ashford
Ashford Hospitality Prime Ashford Hospitality Trust
Ashmore Group Atlantis Japan Growth Fund
Aviva Banca IFIS
Banca Sistema BB Healthcare Trust
Beazley BlackRock Emerging Europe
Brewin Dolphin Brightside Group
Catlin Group Cenkos Securities
ChimpChange Circle Holdings
City of London Group Collins Stewart
Corestate Capital Holding Covercy
Curtis Banks DeA Capital
Deutsche Börse Deutsche Grundstücksauktionen
DF Deutsche Forfait Empiric Student Property
Ernst Russ Experian
Fairpoint Group FBD Holdings
Ferratum Oyj FinLab
Gable Holdings Gartmore Group
GCP Student Living German Startups Group
GLI Finance Grand City Properties
Hardy Underwriting Hargreaves Lansdown
Heartland New Zealand Helphire
Henderson Group Hiscox
HSBC Holdings ICAP
IE Financial IFG Group
IG Group Impax Asset Management
International Personal Finance Is Yatirim Menkul Degerler
JDC Group John Laing Group
Jupiter Fund Management Lancashire Holdings
Liontrust Asset Management Lloyd Fonds
London Stock Exchange Group MAN Group
Market Tech Holdings Mattioli Woods
MCB Finance Group mic MPC Capital
MyBucks NEOVIA Financial
Noratis Novae Group
Numis Corporation Nurnberger Beteiligungs
Oakley Capital Investments Ocean Capital
Oekoworld Omega Insurance Holdings
OTC Markets Group Panmure Gordon
Park Group Picton Property Income
Powerhouse Ventures Prudential
publity Quayle Munro Holdings
Randall & Quilter Investment Holdings RCM Beteiligungs
Record Rensburg Sheppards
RSM Tenon S&U
Sanlam Securities UK Scherzer & Co
Schroders Secure Trust Bank
Shore Capital Group St. James's Place
Supermarket Income REIT Syndicate Asset Management
Tawa The Dolphin Square Charitable Foundation
Town Centre Securities Tungsten Corporation
Umweltbank Warsaw Stock Exchange
WH Ireland WorldSpreads Group
Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2016A 14.6 (1.1) 0.0 0.0 N/A N/A
2017A 18.7 (0.4) 0.4 0.27 100.0 N/A
2018E 20.1 0.7 0.9 0.52 51.9 N/A
2019E 20.8 0.9 1.0 0.57 47.4 N/A

Last updated on 27/03/2018

Investment summary

Share’s FY17 results announcement continued the flow of encouraging news seen from previous updates. There was a strong increase in AUA and revenue (27% and 28% respectively) and a move into modest normalised pre-tax profits. The IT investment programme is well underway and is becoming more visible as App enhancements and website improvements come on stream. Underpinning this are projects to strengthen infrastructure on which client service and the business depends. Operational gearing has the potential to bring currently high prospective earnings multiples down rapidly.

Last updated on 06/04/2018

Industry outlook

The current year has already seen a spike in volatility and weakness in equity markets. However, the economic background appears reasonably encouraging and investor sentiment has shown resilience. More fundamentally the work that the group has done to improve its customer offering, IT platform and to expand its strategic partnerships should mean that it can grow to a more profitable scale through market cycles.

Last updated on 06/04/2018

Key management

Gavin Oldham, Chairman
Richard Stone, CEO
Mike Birkett, FD

Company address

Oxford House,
Oxford Road
HP21 8SZ
United Kingdom
+44 (0) 1296 41 41 41
View website