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.£61.5m
Last close285.00p
High / Low (52 weeks)285.0p / 205.0p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A

Price performance

Relative *(1.5)2.97.4

* % Relative to local index

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Company news

Shore Capital profit rises on strong fundraising activity

Thu, 28 Sep 2017 07:20:52 GMT

Howard Shore steps down as CEO of Shore Capital

Wed, 29 Mar 2017 16:55:41 GMT

Shore Capital almost doubles profits despite 'political uncertainty'

Mon, 26 Mar 2018 07:01:52 GMT

Shore Capital Group Limited : Performance of Funds - Monthly Update

Thu, 26 Apr 2018 16:18:45 GMT

Is Shore Capital Group Limited (LON:SGR) A Smart Pick For Income Investors?

Fri, 20 Apr 2018 16:18:45 GMT

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2016A 39.4 6.3 2.4 5.8 49.1 7.5
2017A 41.9 6.9 4.6 12.8 22.3 4.9
2018E N/A N/A N/A N/A N/A N/A
2019E N/A N/A N/A N/A N/A N/A

Last updated on 20/04/2018

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's FY17 results showed overall revenue up 6% and reported PBT of £4.6m, 24% ahead. Stripping out balance sheet impairments (which were down from £2.7m to £1.9m) adjusted PBT increased 27.5% to £5.1m. Capital Markets saw a small reduction in turnover reflecting the mix of business in an active year which saw additions to its corporate client base. Costs in the division rose in preparation for MiFID II resulting in lower profits at £5.2m vs £6.8m. The Asset Management division performed very strongly with AUM up 5% to £865m, revenue up 24% and profits more than 50% ahead at £3m. In the Principal Finance area the loss was reduced both before and after asset impairments and the £0.8m contribution from the supported living associate which crystallised a gain on the sale of property investments. Adjusted EPS rose 53% to 20.5p and the full year dividend is doubled to 10p.

Last updated on 27/04/2018

Industry outlook

The rise in market volatility this year, if sustained, could inhibit corporate transactions for a time, but economic resilience, together with SGR’s own successful development of its franchise in corporate finance and growth in asset management, are positive factors prospectively.

Last updated on 27/04/2018

Key management

Howard Shore, Chairman
Michael Van Messel, FD

Company address

Bond Street House
14 Clifford Street
01481 724 222
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