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 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 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
74.14% above the market average74.14% above the market average74.14% above the market average74.14% above the market average74.14% above the market average
50.68% above the sector average50.68% above the sector average50.68% above the sector average50.68% above the sector average50.68% above the sector average
Price Trend
53.31% below the market average53.31% below the market average53.31% below the market average53.31% below the market average53.31% below the market average
42.48% below the sector average42.48% below the sector average42.48% below the sector average42.48% below the sector average42.48% 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% above the sector average1.15% above the sector average1.15% above the sector average1.15% above the sector average1.15% above the sector average
Growth
68.34% below the market average68.34% below the market average68.34% below the market average68.34% below the market average68.34% 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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