Shore Capital Group Ltd. (SGR)

Sector:

Financials

 155.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 260.00p
  • 52 Week Low: 137.50p
  • Currency: UK Pounds
  • Shares Issued: 21.57m
  • Volume: 4,180
  • Market Cap: £33.44m
  • RiskGrade: 155
  • Beta: 0.01

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 155.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 260.00p
52 Week Low 137.50p
Volume 4,180
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
79.52% above the market average79.52% above the market average79.52% above the market average79.52% above the market average79.52% 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
72.03% below the market average72.03% below the market average72.03% below the market average72.03% below the market average72.03% 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
35.90% above the market average35.90% above the market average35.90% above the market average35.90% above the market average35.90% 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 14-Oct-2019

Time Volume / Share Price
15:22 2,000 @ 150.00p
14:53 2,000 @ 145.00p
11:14 180 @ 145.20p

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