Update: Market share gains in a weak market
Share plc issued its usual short trading statement. There has been a further gain in market share (to 7.48%) continuing the multi-year trend. The market has been weak (peer revenues down 13%) with Share’s total revenue down 11% in absolute terms on Q114. This has been driven by election uncertainty and a bias in 2014 to a strong first half (H114 revenue £7.9m vs £7.1m in H214). We are expecting the reverse trend in 2015 with a weak H1 and stronger post-election H2 which, for Share, will also include the Barclays-certified dealing services contract, which started on 8 April.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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