Report

Update: Hard Q414

Share plc did not see the usual seasonal uptick in revenue in Q414 and has invested heavily in senior staff with broad retailing and customer service experience. These factors mean that FY14 results are expected to be below market expectations and we have cut our 2014 EPS forecasts by a quarter. The company has announced advanced exclusive discussions over a partnership that would “materially benefit revenues and profits” but not given details. At this stage we have left 2015 forecasts unchanged.
Underlying
Share

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.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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