Share - Delivering IT programme and revenue growth
Share’s FY17 results announcement continued the flow of encouraging news seen from previous updates. There was a strong increase in revenue and a move into modest normalised pre-tax profits. The IT investment programme is well underway and is becoming more visible as App enhancements and website improvements come on stream. Underpinning this are projects to strengthen infrastructure on which client service and the business depends. Operational gearing has the potential to bring the currently high prospective earnings multiples down rapidly.Share's principal business is The Share Centre Limited. The Share Centre provides services to personal investors on a self-select basis. There are four main account types: Share Accounts, which are dealing accounts capable of holding a range of equities, funds, Exchange Traded Funds, bonds and investment trusts; Individual Savings Account (ISA), which has the same functionality but within the tax efficient savings wrapper of an ISA; Self Invested Personal Pension, which provides a tax efficient route through which to save in order to provide a pension in retirement; and Child Trust Fund/Junior ISA, which can be opened by parents and guardians on an unfunded self-select basis.
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