Share (SHRE)

Share SHRE Logo

Operates The Share Centre, a leading independent retail stockbroker.

24-Oct-2017 – 26p – £37.3m

Trading Update For The Q3 Ending December 2017 – An in-line update for this Retail Stock Broking related company which just about makes a profit.

Extremely high PER of 68.

Subsequent note: If you have a Dealing account with The Share Centre and hold 500 shares in Share dealing charges are discounted by 30% which equates to £5.25 for an on-line deal.

8-Mar-2018 – 25.15p – £36.1m – PER 62.9

Results For The 12 Months To End December 2017– Revenue and revenue market share reached record highs (Revenue up by 28% to £18.7m (2016: £14.6m)). Assets under administration up 27% to £4.7bn (2016: £3.7bn). PBT £0.4m (2016: £1.0m) including respective one-off items. Dividend is up60%, from 0.25p to 0.4p. “The new financial year has started well and the Group’s financial performance in 2018 is expected to continue to improve as the benefits of growth initiatives and rising interest rates come through”.

Interesting but not quite tempted at present.

31-May-2018 – 26p – £37.3m – PER 52.9

Tradiing Update – Q1 in-line, Revenues up 20%.

Remains interesting but no reason for me to change from being Neutral here.

6-Jun-2018 – 26p – £37.3m – PER 52.7

AGM Statement – Revenues up 20%, in-line.

Still of interest but not enough so to make me a buyer at present, I remain Neutral.

8-Aug-2018 – 26p – £37.3m – PER 51.0

Interim Results For The 6 Months To End June 2018 – Revenues up, costs up, loss made.

I remain Neutral.

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