Search Follow us

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 *0.2(5.1)(3.6)

* % Relative to local index

Other companies in sector Show

3i Group Abbey Protection
Aberdeen Asset Management Admiral Group
AFH Financial Group Ai Claims Solutions
Allied Minds Alpha Strategic
Amlin APQ Global
Arbuthnot Banking Group Arden Partners
Ashford Ashford Hospitality Trust
Ashmore Group Atlantis Japan Growth Fund
Attica Bank Aviva
Banca IFIS Banca Sistema
BB Healthcare Trust Beazley
BlackRock Emerging Europe Braemar Hotels & Resorts
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
ICG-Longbow Senior Secured UK Property Debt Investments Ltd 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 Lighthouse Group
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 Volta Finance
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 25/06/2018

Investment summary

At the end of May Share’s Q1 update indicated that trading was in line with management expectations. Revenues were up 20% driven by dealing income (+27% vs Q117 and 58% of the total) and interest income (+160%, 8% of revenue). Fee income was down 1%. Gains in dealing income in part reflected full inclusion of Computershare services while fee income was reduced by the transfer out of the Authorised Corporate Director role. Interest income benefited from a base rate increase and an FCA rule change allowing a longer deposit period for part of client cash balances. Market share vs a wider peer group was 3.54% for Q118 against 3.66% for Q117. Increased fee rates at some peers influenced this outcome.

Last updated on 29/06/2018

Industry outlook

The current year saw an early spike in volatility but equity markets have recouped initial losses. Also, the economic background appears reasonably encouraging despite a muted Q1 and investor sentiment has shown resilience. 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 29/06/2018

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