Shore Capital Group Ltd. (SGR)

Sector:

Financials

155.00p
   
  • Change Today:
      2.50p
  • 52 Week High: 260.00p
  • 52 Week Low: 137.50p
  • Currency: UK Pounds
  • Shares Issued: 21.57m
  • Volume: 22,051
  • Market Cap: 33.44m
  • RiskGrade: 155
  • Beta: 0.01

Shore Capital gets FCA clearance for Stockdale Securities deal

By Michele Maatouk

Date: Monday 18 Mar 2019

LONDON (ShareCast) - (Sharecast News) - The Financial Conduct Authority has approved stockbroker Shore Capital's acquisition of Stockdale Securities.
As a result, Shore now expects the deal to take place at the end of this month.

The company announced back February that it had agreed to buy Stockdale 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 at the time that 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.

At 1540 GMT, ShoreCap shares were up 1.8% to 224p.

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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 155.00p
Change Today 2.50p
% Change 1.64 %
52 Week High 260.00p
52 Week Low 137.50p
Volume 22,051
Shares Issued 21.57m
Market Cap 33.44m
Beta 0.01
RiskGrade 155

SGR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
79.86% above the market average79.86% above the market average79.86% above the market average79.86% above the market average79.86% above the market average
76.22% above the sector average76.22% above the sector average76.22% above the sector average76.22% above the sector average76.22% above the sector average
Price Trend
72.13% below the market average72.13% below the market average72.13% below the market average72.13% below the market average72.13% below the market average
70.47% below the sector average70.47% below the sector average70.47% below the sector average70.47% below the sector average70.47% below the sector average
Income
36.29% above the market average36.29% above the market average36.29% above the market average36.29% above the market average36.29% above the market average
8.24% above the sector average8.24% above the sector average8.24% above the sector average8.24% above the sector average8.24% above the sector average
Growth
69.4% below the market average69.4% below the market average69.4% below the market average69.4% below the market average69.4% below the market average
83.74% below the sector average83.74% below the sector average83.74% below the sector average83.74% below the sector average83.74% below the sector average

SGR Dividends

  Latest Previous
  Interim Final
Ex-Div 10-Oct-19 04-Apr-19
Paid 30-Oct-19 24-Apr-19
Amount 5.00p 5.00p

Trades for 11-Oct-2019

Time Volume / Share Price
11:07 10,576 @ 145.00p
12:51 13,815 @ 150.00p
12:16 3,267 @ 145.00p
11:06 2,500 @ 145.00p
09:23 981 @ 140.63p

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