Shore Capital Share Discussion Threads

[stocktrader] 19/7/2002 11:25

What the hells going on? Price tanking.

[rayrac] 11/3/2002 09:19

15.2% or 2.5p gain, I hope some of you got in early enough. If the stock market turns bullish then these will most probably double IMHO!

[rayrac] 10/3/2002 10:20

Thought it wasn't worth a new thread :)

Comment in the S Telegraph today, could do the unusual and post PROFITS this week! Could be 10% in it for the earlybird?

[argy2] 06/8/2001 15:47

Up again today then!

[ro12369] 06/8/2001 15:12

shorted to 10p with december target

[657jim] 16/7/2001 15:29

EK must be getting he`s fingers burnt, what`s going on up 13% ?
interims september.

[argy2] 13/7/2001 10:49

EK's record in this market is very good which is no great surprise.Ironically his occasional 'longs' eg Tadpole have been equally disastrous.You pays ya money and takes ya choice.Worth remembering EK was just as bearish of the market during the boom years!So I suppose its his turn now.

[rayrac] 13/7/2001 10:26

Thanks for the info SLJ. I hope the dealer at Shore is right!

[657jim] 13/7/2001 10:11

the site is t1ps.com with tw of show me the money.
There is some news in the guardian about shore and two new deals (havent read it though), does anyone know what it says ?

[slj] 13/7/2001 10:06

I found this today, written by Gary Parkinson. Does anybody know on which BB Evil Kinevil posts on?

Bear Raider Mauls Shore Capital As Buyers Rush In

SIMON CAWKWELL, the bear raider known as Evil Knievil, yesterday sank his claws into the smaller company stock broker Shore Capital Group.

Mr Cawkwell has won a big following among retail punters for identifying overvalued companies, such as Maxwell Corporation and Polly Peck, and opening positions to cash in when the shares tumble.

He said yesterday, via an internet bulletin board, that he had sold 200,000 Shore Capital shares at 29p through the City bookmaker IG Index, and thought the stock was worth only 10p. The shares fell 2 to a new low of 27.5p as scare stories swirled around the market that Shore had lost heavily on a trade.

However, Shore dismissed the speculation as "absolute rubbish". Its cash position alone is worth more than 10p a share, and the company remains profitable. Institutional buyers scooped up stock late on.

Sources also suggested that Howard Shore, Shore's chairman, was working on a deal "to transform the company".

One dealer at Shore warned the bears that they would have their paws badly burned in the scramble to cover positions when the shares rally.

[dboyd] 12/7/2001 16:12

Whats happening ???? week's if not month's with nothing happening and now this !!!!! the price drop's ...... anybody know why ???

[benstanway] 12/7/2001 15:41

Don't own this share, never have done, and never will, so have no interest in the price on a personal basis, but have heard that hedge finds are shorting this as they think it is trading on too hig a premium to its NAV.

[argy2] 12/7/2001 15:34

Evil Knievel is 'shorting' this one apparantly.

[rayrac] 12/7/2001 15:26

Durlacher effect I'm thinking, could be a good bet further out, but then so could every darn stock!

[657jim] 12/7/2001 14:37

whats going on with shore today ?

[657jim] 19/6/2001 20:54

is no one at all intrested in shore. would be gratefull for any info

[657jim] 18/6/2001 21:03

having been an investor of jellworks i now have a holding in shore capital does any one think this stock is worth holding ?

[rayrac] 20/3/2001 10:26

Have a look at the results out today, when we get a settled market this one could be worth having. In fact I have it now!! Part summary below.



RNS Number:7255A
Shore Capital Group PLC
20 March 2001

For immediate release 20th March 2001


Shore Capital Group plc

Final Results for the Year Ended 31st December 2000


Highlights

Twelve months ended 31st December 2000 1999 Increase
#m #m %

Turnover 19.2 10.4 84.6
Pretax profit 11.5 6.3 83.7
Earnings per share (pence) 2.16 1.21 78.5


* strong financial performance in second half, outstanding year;

* strong pipeline for corporate finance and development capital;

* Puma I fully liquidated with IRR of 76% p.a. net;

* Puma II up 16.8% on active fund, 8.3% overall in 2000;

* over #25m cash realised from JellyWorks;

* Group had net cash of approximately #40m at year end.


Howard Shore, Chairman, said:

'We believe the Group is well-placed to take advantage of the current, more
difficult, market conditions. We have a tightly managed cost base, a high
proportion of which varies with income levels. Our strong balance sheet and
track record position us to be able to exploit further growth opportunities,
whether by recruiting experiencedteams from the industry or through further
acquisitions.'

For further information please contact:

Shore Capital Group plc
Howard Shore, Chairman 0207 468 7911

Golin/Harris Ludgate 020 7324 8888
Edward Macquisten/Katie Jackson


Chairman's Statement

We take pleasure in declaring our first set of annual results as a quoted
company and in being able to report upon a very strong performance.

2000 was an excellent year for Shore Capital, in which we saw continued strong
growth in our business and further strengthened our franchise. Moreover,
through the JellyWorks acquisition, an earlier placing, and strong cash
generation within the business, we were able to end the financial year with
net cash of approximately #40m.

Financial Review

The Group generated operating profits from continuing operations of #10.23m
(1999: #4.46m) on turnover of #19.68m (1999: #10.41m). This performance
reflected the strong market conditions of the opening part of 2000 which
enabled us to exploit the platform and franchise we have built over more than
a decade. It also reflected both growth in the client base in all parts of
the business and the maturing of activities such as development capital fund
management. Although conditions in the market for smaller company shares were
particularly difficult in the second half of the year, we are pleased to
report that our market-making activity made a positive contribution in the
second half.

[rayrac] 20/3/2001 08:25

Not bad results!! Pleased to be a part of it :o)




RNS Number:7255A
Shore Capital Group PLC
20 March 2001

For immediate release 20th March 2001


Shore Capital Group plc

Final Results for the Year Ended 31st December 2000


Highlights

Twelve months ended 31st December 2000 1999 Increase
#m #m %

Turnover 19.2 10.4 84.6
Pretax profit 11.5 6.3 83.7
Earnings per share (pence) 2.16 1.21 78.5


* strong financial performance in second half, outstanding year;

* strong pipeline for corporate finance and development capital;

* Puma I fully liquidated with IRR of 76% p.a. net;

* Puma II up 16.8% on active fund, 8.3% overall in 2000;

* over #25m cash realised from JellyWorks;

* Group had net cash of approximately #40m at year end.


Howard Shore, Chairman, said:

'We believe the Group is well-placed to take advantage of the current, more
difficult, market conditions. We have a tightly managed cost base, a high
proportion of which varies with income levels. Our strong balance sheet and
track record position us to be able to exploit further growth opportunities,
whether by recruiting experiencedteams from the industry or through further
acquisitions.'

For further information please contact:

Shore Capital Group plc
Howard Shore, Chairman 0207 468 7911

Golin/Harris Ludgate 020 7324 8888
Edward Macquisten/Katie Jackson


Chairman's Statement

We take pleasure in declaring our first set of annual results as a quoted
company and in being able to report upon a very strong performance.

2000 was an excellent year for Shore Capital, in which we saw continued strong
growth in our business and further strengthened our franchise. Moreover,
through the JellyWorks acquisition, an earlier placing, and strong cash
generation within the business, we were able to end the financial year with
net cash of approximately #40m.

Financial Review

The Group generated operating profits from continuing operations of #10.23m
(1999: #4.46m) on turnover of #19.68m (1999: #10.41m). This performance
reflected the strong market conditions of the opening part of 2000 which
enabled us to exploit the platform and franchise we have built over more than
a decade. It also reflected both growth in the client base in all parts of
the business and the maturing of activities such as development capital fund
management. Although conditions in the market for smaller company shares were
particularly difficult in the second half of the year, we are pleased to
report that our market-making activity made a positive contribution in the
second half.

[rayrac] 28/2/2001 16:54

Nothing on this one just lately, but some strange things are going on with this stock late today!

Not one buy so they are trying to make us believe, a 'T' of 75k at the close in the sell column?? Is that designed to put punters off the track?

The shares haven't moved for yonks and then just before the close it was up a 1p. Now I think it is 1.5p higher.

I follow this one on my monitor in case you are wondering, I also hold them! Which also makes a difference I suppose :o)

jACK

[kayak] 05/2/2001 15:24

softy2, they were bought by Acal last year, you should have received 3.32 Acal shares for every 30 Sedgemoor shares. Contact registrars: Lloyds TSB Registars.

[softy2] 05/2/2001 15:10

I have some Sedgemoor share certificates but they no longer appear to be listed on the LSE. Does anyone know what's happened to them?

Thanks

[baden] 02/11/2000 13:36

can someone check the news on this one - looks good to me £30m cash to invest and no doubt profit on disposal - looks good to me to be going long - am I missing something

baden