Shore Capital Group Ltd. (SGR)

Sector:

Financials

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 185.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 260.00
  • 52 Week Low: 185.00
  • Currency: UK Pounds
  • Shares Issued: 21.57m
  • Volume: 0
  • Market Cap: £39.91m
  • RiskGrade: 155

Shore Capital to buy Stockdale Securities for up to £8.9m

By Michele Maatouk

Date: Wednesday 13 Feb 2019

LONDON (ShareCast) - (Sharecast News) - Shore Capital has agreed to buy Stockdale Securities for up to £8.9m in a deal that will create London's fourth largest corporate broking and advisory business.
The stockbroker will pay an initial consideration of £4.9m and a maximum deferred consideration of up to £4m, both in cash.

Shore Capital said the deal represents "a compelling strategic fit" and the combination will enhance the existing operations of its Capital Markets division by expanding the corporate client base, adding a specialist investment funds capability to the business and by augmenting the existing corporate advisory and broking, research, sales and trading expertise.

Stockdale serves an institutional and corporate client base offering corporate advisory and corporate broking, equity research, sales and trading services to institutional investors, with a focus on small and mid-cap companies and listed investment funds. Its corporate broking and advisory team acts for 53 corporate clients and it has dealing relationships with around 200 institutions.

In its most recent published accounts for the year to 30 September 2018, Stockdale reported income of £11.4m and pre-tax profit of £1.5m, with net assets as at 30 September 2018 of £5.7m.

Shore Capital's co-chief executive Simon Fine said: "We are delighted to welcome the Stockdale team to Shore Capital. The combination of our complementary businesses adds scale, expertise and diversity to Shore Capital, demonstrating our commitment to serving the needs of our combined institutional and corporate clients."

Stockdale's chairman, Mark Brown, said: "Shore Capital and Stockdale share a like-minded, commercial approach which we believe will be an excellent fit, with the scale of the combined business enabling it to grow and benefit from the opportunities that lie ahead."



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SGR Market Data

Currency UK Pounds
Share Price 185.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 260.00
52 Week Low 185.00
Volume 0
Shares Issued 21.57m
Market Cap £39.91m
RiskGrade 155

SGR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
74.26% above the market average74.26% above the market average74.26% above the market average74.26% above the market average74.26% above the market average
53.42% above the sector average53.42% above the sector average53.42% above the sector average53.42% above the sector average53.42% above the sector average
Price Trend
52.51% below the market average52.51% below the market average52.51% below the market average52.51% below the market average52.51% below the market average
46.41% below the sector average46.41% below the sector average46.41% below the sector average46.41% below the sector average46.41% below the sector average
Income
25.22% above the market average25.22% above the market average25.22% above the market average25.22% above the market average25.22% above the market average
1.15% below the sector average1.15% below the sector average1.15% below the sector average1.15% below the sector average1.15% below the sector average
Growth
68.2% below the market average68.2% below the market average68.2% below the market average68.2% below the market average68.2% below the market average
83.87% below the sector average83.87% below the sector average83.87% below the sector average83.87% below the sector average83.87% below the sector average

SGR Dividends

  Latest Previous
  Final Interim
Ex-Div 04-Apr-19 27-Sep-18
Paid 24-Apr-19 17-Oct-18
Amount 5.00p 5.00p

Trades for --2019

Time Volume / Share Price
0 @ 0.000p

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