Shore Capital Group (SGR)

Business description

Shore Capital Group is an independent investment group with three main areas of business: Capital Markets, Asset Management and Principal Finance (on-balance sheet investments). It has offices in Guernsey, London, Liverpool, Edinburgh and Berlin.

Stock data

Market cap.£53.9m
Last close250.00p
High / Low (52 weeks)260.0p / 205.0p
Stock market listingLN
Forecast net cash (£m)14.5
Forecast gearing ratio (%)N/A

Price performance

Relative *28.810.59.8

* % Relative to local index

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Company news

Shore Capital profit rises on strong fundraising activity

Thu, 28 Sep 2017 07:18:45 GMT

Howard Shore steps down as CEO of Shore Capital

Wed, 29 Mar 2017 16:55:41 GMT

Why Shore Capital Group Limited (LON:SGR) May Not Be As Efficient As Its Industry

Mon, 12 Feb 2018 17:48:45 GMT

A Look At Shore Capital Group Limited (LON:SGR) And The Financial Sector

Fri, 19 Jan 2018 15:00:00 GMT

Shore Capital Group Limited (SGR) Soars 8% on Feb 16

Fri, 16 Feb 2018 13:41:15 GMT

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2015A 42.0 12.9 11.7 26.1 9.6 76.9
2016A 39.4 3.6 2.4 5.8 43.1 6.6
2017E 41.8 6.6 5.5 13.1 19.1 12.1
2018E N/A N/A N/A N/A N/A N/A

Last updated on 18/01/2018

Latest research

Navigating uncertainty

Update | Financials | 11/04/2017

Progressing in uncertain markets

Update | Financials | 26/09/2016

Modern day merchant bank

Initiation | Financials | 09/05/2016

A Shore thing

QuickView | Financials | 21/04/2010

Investment summary

SGR reported H117 results at the end of September, showing revenue 13% ahead of H116 driven by Capital Markets and a small positive contribution from Principal Finance. Pre-tax profit increased by 2.2% with lower profits in Asset Management (partly reflecting the absence of a new VCT fund in tax year 2016/17) and higher central costs containing overall growth in the period. EPS increased by 3.5% to 6.7p and a dividend of 5.0p was proposed (nil). SGR advised on 10 secondary fund-raisings and three IPOs, and added eight new corporate clients. Further investment has been made in research capability and distribution to the US. Within Asset Management, a new VCT fund has been launched after the period end. In December, SGR reported that a disposal of property investments by its supported living associate, Puma Social Care Investments (PSCI), is likely to generate a profit, while PSCI will advise the buyer on further asset purchases.

Last updated on 02/02/2018

Industry outlook

There are uncertainties in the macro background, but sustained strength in equity markets and economic resilience, together with SGR’s own successful development of its franchise, are positive factors prospectively.

Last updated on 02/02/2018

Key management

Howard Shore, Chairman
Michael Van Messel, FD

Company address

Bond Street House
14 Clifford Street
01481 724 222
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