Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on SHORE CAPITAL GROUP LTD. We currently have 2 research reports from 1 professional analysts.
|17Feb17 15:06||RNS||Update regarding Radio Spectrum Licences|
|30Jan17 18:15||GNW||Shore Capital Group Limited : Performance of Funds - Monthly Update|
|28Dec16 07:00||GNW||Shore Capital Group Limited : Performance of Funds|
|01Dec16 11:08||GNW||Shore Capital Group Limited : Performance of Funds|
|30Nov16 13:24||GNW||Shore Capital Group Limited : Result of AGM|
|11Nov16 09:52||GNW||Shore Capital Group Limited : Posting of Notice of AGM|
|04Nov16 07:00||GNW||Shore Capital Group Limited : Performance of Funds|
Frequency of research reports
Research reports on
SHORE CAPITAL GROUP LTD
SHORE CAPITAL GROUP LTD
Progressing in uncertain markets
26 Sep 16
Stripping out last year's radio spectrum licence sale, the group continued to grow in the first half against a difficult market backdrop. The results illustrate the benefits of diversification, with asset management continuing to expand and underlying progress evident in Capital Markets with the signing of new retained clients: both areas reported increased revenues in the first half. Investment is being made in additional staff to strengthen the research franchise and support growth in asset management.
Modern day merchant bank
09 May 16
Shore Capital’s diversified mix of activities has proved itself through a number of market cycles. An entrepreneurial approach and the long tenure of key staff has helped deepen and broaden its client network and hence revenue potential. Like a successful merchant bank, opportunistic investments have periodically provided supernormal profits, while asset management provides a growing stream of recurring earnings. Balancesheet strength dampens near-term returns on equity, but increases resilience and provides the means to seize further opportunities. Our central valuation of c 360p may prove conservative in the event of further investment realisations or a more buoyant market.
21 Feb 17
Lighthouse Group* (LGT): Middle Britain growth (CORP) | Utilitywise* (UTW): Double-digit sales growth (CORP) | Trakm8* (TRAK): Earnings expectations cut again (CORP) | dotDigital* (DOTC): Myriad growth opportunities (CORP) | Artilium* (ARTA): Five-year Telenet deal secured and prepaid (CORP) | Netcall* (NET): Cloud investment pays off (CORP)
Industry fundamentals remain positive
21 Feb 17
The Biotech Growth Trust (BIOG) is a specialist vehicle, aiming to generate long-term capital growth via investment in global biotech stocks. Following a particularly volatile period for the biotech industry, where concerns about drug pricing and investor risk aversion have weighed heavily on stock prices, the managers are hopeful that greater clarity regarding US healthcare policy will lead to continued improved performance of biotech stocks. Industry fundamentals remain attractive, including continued innovation and valuations are very supportive, which offers the potential for higher industry merger and acquisition activity.
Lloyds, Best Of The Banks
23 Feb 17
Lloyds Banking Group PLC (LLOY) reported a strong result for FY-16, which has allowed it to pay a special dividend, plus has encouraged the UK government to reduce its stake in the bank to below 5%. Lloyds’ acquisition of the MBNA credit card business is proceeding on track, with all key M&A metrics being well satisfied. The outlook for Lloyds’ capital base, its profitability and thus the dividend prospects have all improved. This encourages us to ascribe a Buy rating to the stock, with a target price of 80p per share, derived from a prospective Price / Book value of 1.3x and a P/E ratio of 13x which we think are justifiable ratios.
Middle Britain growth
21 Feb 17
The Company has achieved our 2017 estimate in 2016 with EBITDA of £2.2m, up 37% on 2015. We upgrade our estimates by 10% at the EBITDA level in 2017. If the shares traded even at the lower end of comparators, they would trade at 17p. We expect the share price to reach our upgraded 17p price target in the short term. Few companies enjoy the unique positioning which Lighthouse has to benefit from the assets of Middle Britain.
Marked confidence in profitability resilience
22 Feb 17
LBG posted a good set of results at the operating level. Management showed its confidence in the group’s ability to protect its indecent profitability levels over the next three years by recommending an increased ordinary dividend and the payment of a special dividend, and by setting a stable return on required equity objectives.
N+1 Singer - Morning Song 21-02-2017
21 Feb 17
Abzena (ABZA LN) Contract bookings strong; US costs higher than expected | City of London Investment Group (CLIG LN) Earnings and interim dividend in line, some modest growth in FuM | dotdigital Group (DOTD LN) Good H1; broadening avenues of growth | Grafenia (GRA LN) Weak print volumes | Vernalis (VER LN) Interims highlight increasing Tuzistra™ scrip volume