Just as Share plc aims to provide retail investors with an accessible platform to invest for the future, so the company is this year engaging in a significant investment in IT to enable it to meet future customer requirements and secure its own ability to benefit from the prospective growth in the population of self-directed investors. This is set to hold back profitability in 2016, but should provide the platform for longer-term growth. Supporting the investment, at the year-end Share had no debt, cash of nearly £12m and capital 3.6 times the FCA requirement.
29 Mar 2016
Investing for growth
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Investing for growth
- Published:
29 Mar 2016 -
Author:
Andrew Mitchell -
Pages:
7 -
Just as Share plc aims to provide retail investors with an accessible platform to invest for the future, so the company is this year engaging in a significant investment in IT to enable it to meet future customer requirements and secure its own ability to benefit from the prospective growth in the population of self-directed investors. This is set to hold back profitability in 2016, but should provide the platform for longer-term growth. Supporting the investment, at the year-end Share had no debt, cash of nearly £12m and capital 3.6 times the FCA requirement.