Report

Update: Share gains but hard markets

Share plc continues to make revenue market share gains with its
fixed-price administration fee proving attractive relative to most market participants’ ad valorem models. Q314 saw a difficult trading environment with weak stock markets and high-profile risk issues affecting investor sentiment and activity. Relative to peers, Share believes it has invested deposits cautiously ahead of regulatory changes and this has affected interest income. The average of our valuations is close to the current price.
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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