Shore Capital Group Ltd. (SGR)

Sector:

Financials

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 185.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 260.00p
  • 52 Week Low: 183.00p
  • Currency: UK Pounds
  • Shares Issued: 21.57m
  • Volume: 500
  • Market Cap: £39.91m
  • RiskGrade: 155
  • Beta: 0.00

Shore Capital profit falls as costs rise

By Sean Farrell

Date: Thursday 21 Mar 2019

LONDON (ShareCast) - (Sharecast News) - Shore Capital's annual profit fell 11% as increased revenue failed to compensate for increased costs at the London stockbroker.


Pre-tax profit for the year to the end of December fell to £4.1m from £4.6m as revenue rose 3.4% to 43.3m.

Administrative costs rose by £3m to £38.9m. The company said the jump was caused by investment in its business, setting it up to expand when markets improve.

Stockbrokers have been squeezed by new EU rules, intense competition and a slowdown in business as Brexit has hit market confidence. Shore is buying its rival, Stockdale, in a deal set to complete on 31 March.

Howard Shore, the company's chairman, said: "We have continued to grow revenues whilst making targeted investments across our main operating divisions. This counter-cyclical strategy positions us to capture market share, further establishing our credentials as a significant presence in UK financial services."

Profit from capital markets business fell 22% to £4.1m as revenue at the division dropped 6.5% to £25.5m. Shore blamed difficult market conditions, particularly in the last quarter of the year. Asset management profit increased 5.5% to £3.2m as revenue rose 22.8% to £15.8m.

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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 260.00p
52 Week Low 183.00p
Volume 500
Shares Issued 21.57m
Market Cap £39.91m
Beta 0.00
RiskGrade 155

SGR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
73.58% above the market average73.58% above the market average73.58% above the market average73.58% above the market average73.58% above the market average
54.79% above the sector average54.79% above the sector average54.79% above the sector average54.79% above the sector average54.79% above the sector average
Price Trend
49.93% below the market average49.93% below the market average49.93% below the market average49.93% below the market average49.93% below the market average
37.25% below the sector average37.25% below the sector average37.25% below the sector average37.25% below the sector average37.25% below the sector average
Income
26.39% above the market average26.39% above the market average26.39% above the market average26.39% above the market average26.39% 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
68.34% 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 21-Aug-2019

Time Volume / Share Price
10:53 500 @ 183.00p

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