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.£49.1m
Last close227.50p
High / Low (52 weeks)252.5p / 217.5p
Stock market listingLN
Forecast net cash (£m)14.5
Forecast gearing ratio (%)N/A

Price performance

Relative *1.2(8.6)(12.8)

* % Relative to local index

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Company news

Howard Shore steps down as CEO of Shore Capital

Wed, 29 Mar 2017 16:55:41 GMT

Shore Capital Group Limited : Confirmation of Directorate Change

Fri, 19 May 2017 06:00:00 GMT

Shore Capital Group Limited : Performance of Funds - Monthly Update

Wed, 30 Aug 2017 09:11:15 GMT

How Shore Capital Group Limited's (AIM:SGR) EPS Dropped -77.9%, Did Its ...

Fri, 15 Sep 2017 09:45:00 GMT

Spotting the Levels For Shore Capital Group Limited (SGR.L)

Mon, 25 Sep 2017 04:41:15 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 8.7 70.0
2016A 39.4 3.6 2.4 5.8 39.2 6.0
2017E 41.8 6.6 5.5 13.1 17.4 11.0
2018E N/A N/A N/A N/A N/A N/A

Last updated on 25/08/2017

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 FY16 figures, reported in March, showed revenues up 21% to £39.4m and profit before tax and impairments of £5.1m compared with £4.3m (adjusted FY15 numbers excluding the benefit of the radio spectrum sale). EPS on the same basis were 13.4p vs 12.1p. Profits in Capital Markets were up 45% to £6.8m reflecting client gains, transaction activity and a strong market-making contribution. Asset Management AUM saw growth of 7%, while investment in people to support further growth held profits to £2m versus £2.7m. There was a £2.7m write-down on various investments within the Principle Finance area. Chairman and founder Howard Shore has stepped back from operational responsibilities while remaining as executive chairman. Long-standing managers, Simon Fine and David Kaye, have been appointed as joint CEOs and have joined the board.

Last updated on 06/09/2017

Industry outlook

The likely continuation of changing sentiment around Brexit negotiations will heighten uncertainty, but the resilience of the economy, together with SGR’s own successful development of its franchise are positive factors prospectively.

Last updated on 06/09/2017

Key management

Howard Shore, Chairman
Michael Van Messel, FD

Company address

Bond Street House
14 Clifford Street
01481 724 222
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