Share Share Discussion Threads

[thamestrader] 09/8/2018 16:39

It looks like I will soon be one of 15000 new customers of The Share Centre, as they take on former Beaufort Securities' business. I wonder how many will stay, though. I'm guessing many of us will have made alternative arrangements already, so will probably shut down their new accounts fairly promptly. But the high-volume pricing plan seems good value (as long as you achieve the requisite trading volume, obviously), so I for one will not be too hasty to shut down my new account.

[montyhedge] 01/6/2018 11:55

PE 128 according to ADVFN, seems very very high.

[newforestlad] 08/3/2018 08:09

Great rns. Hopefully a move now confirmed.

[newforestlad] 06/2/2018 10:28

Beginning to trend

[newforestlad] 31/10/2017 11:57

Frustrating but its cycle isn't ready yet.

[gateside] 30/10/2017 12:34

Don't understand the continual underperformance in the share price here. Especially considering the excellent recent trading updates.

[gateside] 28/6/2017 12:53

Excellent trading update yesterday

[mustardmark] 25/5/2017 17:03

Vanguard launching their own platform has had an impact on all investment platform providers. Whilst they currently only offer their own funds, platform charges of 0.15% will hopefully force the others to reduce theirs and therefore platform revenue will drop.

[gateside] 25/5/2017 09:20

Good trading update in April. So surprised that this is drifting lower.

[topvest] 28/4/2016 15:32

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.

[harveydee] 27/4/2016 23:39

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.

[topvest] 27/4/2016 18:17

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.

[melton john] 27/4/2016 14:26

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.

[harveydee] 27/4/2016 14:24

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.

[topvest] 27/4/2016 11:21

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.

[gateside] 24/2/2016 20:31

Hi gbb483

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.

[gbb483] 24/2/2016 11:01

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?

[topvest] 22/12/2015 11:21

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.

[harveydee] 31/7/2015 01:58

And how long after u have bought in mid 20s would u expect to wait before it became "cheap" in the mid 20s?

[topvest] 30/7/2015 19:51

Mid 20s would be nice. Still think its expensive at the moment.

[harveydee] 30/7/2015 10:07

At what exactly will you be interested Topvest ?

[topvest] 29/7/2015 21:52

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!

[gateside] 08/2/2015 00:12

desoo... I have been with The Share Centre for a while. You will find that their customer service is excellent.

[desoo] 04/2/2015 18:07

Selftrade offer secure email but don't get me started about them.