|The Share Centre
||EPS - Basic
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Share Centre Share Discussion Threads
Showing 51 to 75 of 75 messages
|OK, £18M + A loss making business with £14M of turnover. Assume it's valued at £18m + £15M less a discount for no shareholder return and you get to £30M. £20M is probably too low unless losses are higher than expected. £42M though....no I don't think so!
These businesses are only going to fire up on:
1. A new multi-year bull cycle - probably 2/3 years away.
2. Interest rate increases - the business model requires a return from customer cash.
Think we are too far away from both with the cost base increasing.
As I say, will look to get back in later when things start moving in the right direction. Its an odd business as the share price always seems to be a tad pricey, probably because its tightly held by management and customer loyal shareholders.|
|Er .. it's carrying £18m in cash and investments ! Basic fact every investor should know and one which clearly affects the share price ! Do the math and see what the real market cap is minus cash. Also has *zero* debt.|
|Yes, I do hold JIM - much better value. At £42m Share plc is very highly valued. It's worth £20-30m in my book given the very poor outlook for this year's results and revenue is stuck at £14m. Costs about £15m. It will undoubtedly get better but that's at least 12 months off.|
|Hi Topvest, I was discussing SharePlc on the JIM thread yesterday with another holder. JIM has a more modest P/E, is at the bottom of a profit taking slide in price and has a historic yield (including a special dividend)of nearly 8%. A lot of director and PDMR buying of late and nearly time for the interims.|
|Bad move topvest, the low is already in. They are picking up lots of "white label" business and the most recent, as highlighted yesterday, will be a "major" contributor to revenue and profits going forward. The UK broking industry is about to undergo a period of consolidation, with acquirers and acquired. Either way, SHRE stands to benefit, as its finances are rock solid, reputation excellent and its position as a no-frills, low-price broker highly beneficial when others like hargreaves will have to keep reducing their prices.|
|Decided to sell my very small holding at break-even. Looks very expensive now on a yield and P/E ratio. Loss making this year and only a 0.2p dividend. Got a bit fed up with how they are dressing-up their dismal financial results. Great business, but this is going lower in my view until revenue starts increasing which won't be until at least 2017. May get back in towards the end of 2016.|
I have been with The Share Centre for ages. You will find their customer service excellent.
The share centre has a forum on its own website.|
|Forced to become a customer as Barclays have off-loaded investment clubs. I'm waiting to see whether I'm happy with the move. Is there a thread on this BB for customers?|
|Well I've bought a small stake in these. They look more expensive than they are given cash and investments are roughly half of the market capitalisation. It's certainly a quality business and I believe that revenues have probably reached the bottom. Trail commissions and interest rate reductions have worked their way through. A 0.5% interest rate rise would materially improve profits (double them!) and normal revenue should improve next year. Miton have just added more which is encouraging. Certainly not cheap but a quality business all the same. Wouldn't it be great if they could merge with the Alliance Trust platform? Maybe not likely, but an interesting prospect if Alliance Trust decide to sell.|
|And how long after u have bought in mid 20s would u expect to wait before it became "cheap" in the mid 20s?|
|Mid 20s would be nice. Still think its expensive at the moment.|
|At what exactly will you be interested Topvest ?|
|Despite the positive words the numbers are pretty terrible as is the shape of the chart. Reducing revenues, increased cost base is the quick and painful summary. They seem to have faced a perfect storm in recent years, compounded by the lack of a return on their cash balance. Having said that, they are a very good company with increasing market share and should benefit from an increase in interest rates and a switch to ISAs for pension savings. Overall, I have this on my watch list. Results will be awful this year, but thereafter the headwind may start turning into a tailwind. Still a bit pricey, but may be interested in the 20's which is where the price seems to be going!|
|desoo... I have been with The Share Centre for a while. You will find that their customer service is excellent.|
|Selftrade offer secure email but don't get me started about them.|
|Opened an account today. Easy. Called customer services and got an immediate reply. My question was about secure messages and - related - how they send contract notes. They appear not to offer secure email and send contract notes by open email i.e. not visible just from within account.|
|Can see the price slipping back to the mid 20's|
|I find Share Centre pretty good - my comparisons are Alliance Trust & IWeb. Their customer service is excellent. And system is very reliable.
Dealing costs are good if you need & pay for frequent dealing - one charge across all accounts. And a discount for a very modest shareholding in the parent.
One criticism is that if they can't get an electronic quote & speak to dealers, they can be reluctant to get a quote while you're waiting.
Overall, I'm v happy with them.
Disc - I'm a (happy) shareholder|
|What are they like now. Anybody using them. Want to shift from a broker that takes my custom for granted and gives poor service as a reward.|
|what is the deal here ?|
|Terrible system. Down Again.|
|P.e in the 50s bit pricey.|
If I'd put all my money in Share Centre I'd be a lot better off now.|
|Excellent customer service and a good simple system for the moderately active trader/investor.I also bought shares for the considerable dealing discount and wish I had bought 10x as many as they have gone from c20p to c44p in 5 months.I wonder what is going on;could there be interest from a predator?|
|still got my freebies in this one. doesn't usually give best prices when buying / selling as they use preferred retail MM's and carries out deals on Plus whenever possible but, as a business the metrics all seem to be going the right way. Imagine the recent strong run due to retail clients increase in ISA activity after AIM inclusion into ISA's|