Shires Income (SHRS)

Company name:	Shires Income Plc
EPIC:	SHRS	Trading Currency:	GBX
Market Sector:	ON15	ISIN:	GB0008052507
Market Segment:	SET3	Share Type:	DE
WWW Address:	NA	Description:	ORD 50P
Industry Sector:	EQUITY INVESTMENT INSTRUMENTS

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
271.00	0.0 [0.00]	267.00	275.00	-	-	-	8,319
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
81.60	30.11	0.07	13.06	13.20	20.75	4.87	283.00 - 226.00

Shires Income Key Figures

(at previous day's close)
Market Cap.	81.60	m
Shares In Issue	30.11	m
Prev. Close	271.00
PE Ratio	20.75
Dividend Yield	4.87	%
EPS - basic	13.06	p
Dividend PS	13.20	p
Dividend Cover	0.99
Cash Flow PS	11.13	p
Return On Equity (ROE)	4.90	%
Operating Margin	-	%
PEG Factor	-4.51
EPS Growth Rate	-4.60	%
Dividends PS Growth Rate	1.54	%
Net Debt	16.32	m
Gross Gearing	19.37	%
Quick Assets	4.32	m
Net Working Capital	-4.92	m
Intangibles / Fixed Assets	-	%
Turnover PS	-	p
Pre-Tax Profit PS	13.17	p
Retained Profit PS	0.08	p
Cash PS	9.67	p
Net Cash PS	-21.01	p
Net Tangible Asset Value PS *	265.89	p
Net Asset Value PS	265.49	p
Spread	8.00 (2.91%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Shires Income Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	276.00	270.00
4 weeks	280.00	262.00
12 weeks	280.00	253.00
1 year	283.00	226.00

Share Price Chart (5 years)

Shires Income Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	271.00	-	-	270.00	0.01		272.27
4 weeks	263.00	8.00	3.04	262.00	0.03		270.88
12 weeks	256.00	15.00	5.86	253.00	0.04		262.77
26 weeks	269.50	1.50	0.56	247.00	0.04		265.61
1 year	238.00	33.00	13.87	226.00	0.04		260.77
3 years	220.00	51.00	23.18	215.00	0.04		258.12
5 years	253.00	18.00	7.11	183.00	0.04		244.20
† periods calculated are whole weeks rather than calendar months

Shires Income Key Management Ratios

Shires Income Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	4.72
PE Ratio	20.75
Tobin's Q Ratio	0.82
Tobin's Q Ratio (excl. intangibles)	0.82
Dividend Yield	4.87	%
Market-to-Book Ratio	1.02
Price-to-Pre-Tax Profit PS	20.58
Price-to-Retained Profit PS	3,399.87
Price-to-Cash Flow PS	24.34
Price-to-Sales PS	-
Price-to-Net Tangible Asset Value PS	1.02
Price-to-Cash PS	28.01
Net Working Capital PS	-16.33
Price Pct to Working Capital PS	-16.60	%
Earnings Yield	4.82	%
Average PE	18.86
Years in average	5
PE to PE average	110.04	%

Shires Income Financial Ratios

(Leverage Ratios)
Debt Ratio	11.10	%
Debt-to-Equity Ratio	0.12
Debt-to-Equity Ratio (excl. Intgbl)	0.12
Debt-to-Equity Market Value	0.12
Net Gearing	16.44	%
Net Gearing (excl. Intangibles)	16.44	%
Gross Gearing	19.37	%
Gross Gearing (excl. Intangibles)	19.37	%
Gearing Under 1 Year	9.30	%
Gearing Under 1 Year (excl. Intgbl)	9.30	%
Assets/Equity	1.24
Cash/Equity	3.64
(Liquidity Ratios)
Net Working Capital to Total Assets	-4.95	%
Current Ratio	0.47
Quick Ratio (Acid Test)	0.47
Liquidity Ratio	0.32
Cash & Equiv/Current Assets	67.38	%
(Solvency Ratios)
Enterprise Value	88.68	m
CFO/Sales	-
CFO/Attributable Profit	0.86
CFO/Assets	0.03
CFO/Debt	0.17
Total Debt/Equity Market Value	0.24
Total Debt/Sales	-
Total Debt/Pre-Tax Profit	4.85
Total Debt	19.24	m
Total Debt/Net Current Assets	-3.91	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	0.22	%
10 yr Compound Earnings Growth	0.99	%
Earn drops > 5% in 10yrs	8

Beta (60-Mnth)	Beta (36-Mnth)
0.0733	0.0896

Shires Income Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	4.40	%
Return On Assets (ROA)	3.94	%
Net Profit Margin	-	%
Assets Turnover	-
Return On Equity (ROE)	4.90	%
Return On Investment (ROI)	4.34	%
Dividend Payout Ratio	101.07	%
Plowback Ratio	-1.07	%
Growth from Plowback Ratio	-0.05	%
Net Income Of Revenues	-	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	-
Fixed Assets Turnover	-
Current Assets Turnover	-
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	-
Debtors-to-Sales	-	%
Debt Collection Period	-	Days

Shires Income Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
29 May 2019	Final	GBX	4.20	31/03/2018	31/03/2019	04/07/2019	05/07/2019	26/07/2019	13.20
13 Mar 2019	Quarterly	GBX	3.00	31/03/2018	31/03/2019	04/04/2019	05/04/2019	26/04/2019	-
20 Nov 2018	Quarterly	GBX	3.00	31/03/2018	31/03/2019	03/01/2019	04/01/2019	25/01/2019	-
19 Sep 2018	Quarterly	GBX	3.00	31/03/2018	31/03/2019	04/10/2018	05/10/2018	26/10/2018	-
30 May 2018	Final	GBX	4.00	31/03/2017	31/03/2018	05/07/2018	06/07/2018	27/07/2018	13.00
20 Feb 2018	Quarterly	GBX	3.00	31/03/2017	31/03/2018	05/04/2018	06/04/2018	27/04/2018	-
17 Nov 2017	Quarterly	GBX	3.00	31/03/2017	31/03/2018	04/01/2018	05/01/2018	26/01/2018	-
20 Sep 2017	Quarterly	GBX	3.00	31/03/2017	31/03/2018	05/10/2017	06/10/2017	27/10/2017	-
31 May 2017	Final	GBX	3.75	31/03/2016	31/03/2017	06/07/2017	07/07/2017	28/07/2017	12.75
23 Feb 2017	Quarterly	GBX	3.00	31/03/2016	31/03/2017	06/04/2017	07/04/2017	28/04/2017	-
17 Nov 2016	Quarterly	GBX	3.25	31/03/2016	31/03/2017	05/01/2017	06/01/2017	27/01/2017	-
08 Sep 2016	Quarterly	GBX	3.25	31/03/2016	31/03/2017	06/10/2016	07/10/2016	28/10/2016	-
26 May 2016	Final	GBX	3.25	31/03/2015	31/03/2016	07/07/2016	08/07/2016	29/07/2016	12.25
15 Mar 2016	Quarterly	GBX	3.00	31/03/2015	31/03/2016	07/04/2016	08/04/2016	29/04/2016	-
15 Dec 2015	Quarterly	GBX	3.00	31/03/2015	31/03/2016	07/01/2016	08/01/2016	29/01/2016	-
10 Sep 2015	Quarterly	GBX	3.00	31/03/2015	31/03/2016	01/10/2015	02/10/2015	30/10/2015	-
01 Jun 2015	Final	GBX	3.25	31/03/2014	31/03/2015	02/07/2015	03/07/2015	31/07/2015	12.25
20 Mar 2015	Quarterly	GBX	3.00	31/03/2014	31/03/2015	02/04/2015	07/04/2015	30/04/2015	-
18 Dec 2014	Quarterly	GBX	3.00	31/03/2014	31/03/2015	02/01/2015	05/01/2015	30/01/2015	-
10 Sep 2014	Quarterly	GBX	3.00	31/03/2014	31/03/2015	01/10/2014	03/10/2014	31/10/2014	-
29 May 2014	Final	GBX	3.00	31/03/2013	31/03/2014	02/07/2014	04/07/2014	31/07/2014	12.00
21 Mar 2014	Quarterly	GBX	3.00	31/03/2013	31/03/2014	02/04/2014	04/04/2014	30/04/2014	-
20 Dec 2013	Quarterly	GBX	3.00	31/03/2013	31/03/2014	31/12/2013	03/01/2014	31/01/2014	-
11 Sep 2013	Quarterly	GBX	3.00	31/03/2013	31/03/2014	02/10/2013	04/10/2013	31/10/2013	-
06 Jun 2013	Final	GBX	3.00	31/03/2012	31/03/2013	03/07/2013	05/07/2013	31/07/2013	12.00
22 Mar 2013	Quarterly	GBX	3.00	31/03/2012	31/03/2013	03/04/2013	05/04/2013	30/04/2013	-
21 Dec 2012	Quarterly	GBX	3.00	31/03/2012	31/03/2013	02/01/2013	04/01/2013	31/01/2013	-
12 Sep 2012	Quarterly	GBX	3.00	31/03/2012	31/03/2013	03/10/2012	05/10/2012	31/10/2012	-
07 Jun 2012	Final	GBX	3.00	31/03/2011	31/03/2012	04/07/2012	06/07/2012	31/07/2012	12.00
28 Mar 2012	Interim	GBX	3.00	31/03/2011	31/03/2012	08/04/2012	10/04/2012	30/04/2012	-
22 Dec 2011	Interim	GBX	3.00	31/03/2011	31/03/2012	04/01/2012	06/01/2012	31/01/2012	-
08 Sep 2011	Interim	GBX	3.00	31/03/2011	31/03/2012	05/10/2011	07/10/2011	31/10/2011	-
01 Jun 2011	Final	GBX	3.00	31/03/2010	31/03/2011	06/07/2011	08/07/2011	29/07/2011	12.00
30 Mar 2011	Interim	GBX	3.00	31/03/2010	31/03/2011	06/04/2011	08/10/2010	28/04/2011	-
21 Dec 2010	Interim	GBX	3.00	31/03/2010	31/03/2011	05/01/2011	07/01/2011	31/01/2011	-
28 Sep 2010	Interim	GBX	3.00	31/03/2010	31/03/2011	06/10/2010	08/10/2010	29/10/2010	-
27 May 2010	Final	GBX	3.00	31/03/2009	31/03/2010	07/07/2010	09/07/2010	31/07/2010	12.00
30 Mar 2010	Interim	GBX	3.00	31/03/2009	31/03/2010	07/04/2010	09/04/2010	30/04/2010	-
30 Dec 2009	Interim	GBX	3.00	31/03/2009	31/03/2010	06/01/2010	08/01/2010	29/01/2010	-
01 Oct 2009	Interim	GBX	3.00	31/03/2009	31/03/2010	07/10/2009	09/10/2009	30/10/2009	-
04 Jun 2009	Final	GBX	6.55	31/03/2008	31/03/2009	01/07/2009	03/07/2009	31/07/2009	19.75
04 Feb 2009	Interim	GBX	4.40	31/03/2008	31/03/2009	12/04/2009	14/04/2009	30/04/2009	-
17 Nov 2008	Interim	GBX	4.40	31/03/2008	31/03/2009	31/12/2008	02/01/2009	30/01/2009	-
04 Sep 2008	Interim	GBX	4.40	31/03/2008	31/03/2009	01/10/2008	03/10/2008	30/10/2008	-
29 May 2008	Final	GBX	6.55	31/03/2007	31/03/2008	02/07/2008	04/07/2008	30/07/2008	19.75
06 Mar 2008	Interim	GBX	4.40	31/03/2007	31/03/2008	09/04/2008	11/04/2008	31/03/2008	-
21 Nov 2007	Interim	GBX	4.40	31/03/2007	31/03/2008	02/01/2008	04/01/2008	31/01/2008	-
05 Sep 2007	Interim	GBX	4.40	31/03/2007	31/03/2008	03/10/2007	05/10/2007	01/12/2007	-
29 May 2007	Final	GBX	6.05	31/03/2006	31/03/2007	04/07/2007	06/07/2007	31/07/2007	19.25
02 Mar 2007	Interim	GBX	4.40	31/03/2006	31/03/2007	11/04/2007	13/04/2007	30/04/2007	-
27 Nov 2006	Interim	GBX	4.40	31/03/2006	31/03/2007	03/01/2007	05/01/2007	31/01/2007	-
04 Sep 2006	Interim	GBX	4.40	31/03/2006	31/03/2007	04/10/2006	06/10/2006	31/10/2006	-
26 May 2006	Final	GBX	6.05	31/03/2005	31/03/2006	05/07/2006	07/07/2006	31/07/2006	19.25
03 Mar 2006	Interim	GBX	4.40	31/03/2005	31/03/2006	05/04/2006	07/04/2006	28/04/2006	-
24 Nov 2005	Interim	GBX	4.40	31/03/2005	31/03/2006	04/01/2006	06/01/2006	31/01/2006	-
02 Sep 2005	Interim	GBX	4.40	31/03/2005	31/03/2006	05/10/2005	07/10/2005	31/10/2005	-
19 May 2005	Final	GBX	6.05	31/03/2004	31/03/2005	06/07/2005	08/07/2005	29/07/2005	19.25
04 Mar 2005	Interim	GBX	4.40	31/03/2004	31/03/2005	06/04/2005	08/04/2005	29/04/2005	-
26 Nov 2004	Interim	GBX	4.40	31/03/2004	31/03/2005	05/01/2005	07/01/2005	31/01/2005	-
03 Sep 2004	Interim	GBX	4.40	31/03/2004	31/03/2005	06/10/2004	08/10/2004	29/10/2004	-
20 May 2004	Final	GBX	6.05	31/03/2003	31/03/2004	07/07/2004	09/07/2004	30/07/2004	19.25
04 Mar 2004	Interim	GBX	4.40	31/03/2003	31/03/2004	11/04/2004	13/04/2004	30/04/2004	-
27 Nov 2003	Interim	GBX	4.40	31/03/2003	31/03/2004	07/01/2004	09/01/2004	30/01/2004	-
04 Sep 2003	Interim	GBX	4.40	31/03/2003	31/03/2004	01/10/2003	03/10/2003	31/10/2003	-
22 May 2003	Final	GBX	6.05	31/03/2002	31/03/2003	02/07/2003	04/07/2003	31/07/2003	19.25
06 Mar 2003	Interim	GBX	4.40	31/03/2002	31/03/2003	02/04/2003	04/04/2003	30/04/2003	-
28 Nov 2002	Interim	GBX	4.40	31/03/2002	31/03/2003	08/01/2003	10/01/2003	31/01/2003	-
05 Sep 2002	Interim	GBX	4.40	31/03/2002	31/03/2003	02/10/2002	04/10/2002	31/10/2002	-
23 May 2002	Final	GBX	6.05	31/03/2001	31/03/2002	03/07/2002	05/07/2002	31/07/2002	19.25
07 Mar 2002	Interim	GBX	4.40	31/03/2001	31/03/2002	03/04/2002	05/04/2002	30/04/2002	-
29 Nov 2001	Interim	GBX	4.40	31/03/2001	31/03/2002	09/01/2002	11/01/2002	31/01/2002	-
06 Sep 2001	Interim	GBX	4.40	31/03/2001	31/03/2002	03/10/2001	05/10/2001	31/10/2001	-
24 May 2001	Final	GBX	5.95	31/03/2000	31/03/2001	04/07/2001	06/07/2001	31/07/2001	19.00
08 Mar 2001	Interim	GBX	4.35	31/03/2000	31/03/2001	04/04/2001	06/04/2001	30/04/2001	-
23 Nov 2000	Interim	GBX	4.35	31/03/2000	31/03/2001	08/01/2001	12/01/2001	31/01/2001	-
05 Sep 2000	Interim	GBX	4.35	31/03/2000	31/03/2001	02/10/2000	06/10/2000	31/10/2000	-
25 May 2000	Final	GBX	5.75	31/03/1999	31/03/2000	03/07/2000	07/07/2000	31/07/2000	18.65
07 Mar 2000	Interim	GBX	4.30	31/03/1999	31/03/2000	03/04/2000	07/04/2000	28/04/2000	-
25 Nov 1999	Interim	GBX	4.30	31/03/1999	31/03/2000	04/01/2000	10/01/2000	31/01/2000	-
02 Sep 1999	Interim	GBX	4.30	31/03/1999	31/03/2000	04/10/1999	08/10/1999	29/10/1999	-
26 May 1999	Final	GBX	5.40	31/03/1998	31/03/1999	05/07/1999	09/07/1999	30/07/1999	18.00
04 Mar 1999	Interim	GBX	4.20	31/03/1998	31/03/1999	29/03/1999	06/04/1999	30/04/1999	-
26 Nov 1998	Interim	GBX	4.85	31/03/1998	31/03/1999	04/01/1999	08/01/1999	29/01/1999	-
03 Sep 1998	Interim	GBX	4.20	31/03/1998	31/03/1999	05/10/1998	09/10/1998	30/10/1998	-
27 May 1998	Final	GBX	4.90	31/03/1997	31/03/1998	06/07/1998	10/07/1998	31/07/1998	17.50

Shires Income Fundamentals

	31 Mar 2016 (GBP)		31 Mar 2017 (GBP)		31 Mar 2018 (GBP)		31 Mar 2019 (GBP)
turnover	-	-	-	-	-	-	-	-	m
pre tax profit	3.63	-	3.95	-	4.13	-	3.96	-	m
attributable profit	3.62	-	3.93	-	4.11	-	3.92	-	m
retained profit	-0.06	-	0.26	-	0.29	-	0.02	-	m
eps - basic (p)	12.06		13.08		13.69		13.06
eps - diluted (p)	12.06		13.08		13.69		13.06
dividends per share	12.25		12.75		13.00		13.20

Shires Income Balance Sheet

	31 Mar 2016 (GBP)		31 Mar 2017 (GBP)		31 Mar 2018 (GBP)		31 Mar 2019 (GBP)


	31 Mar 2016 (GBP)		31 Mar 2017 (GBP)		31 Mar 2018 (GBP)		31 Mar 2019 (GBP)
ASSETS
fixed assets	-	-%	-	-%	-	-%	-	-%	m
intangibles	-	-%	-	-%	-	-%	-	-%	m
fixed investments	85.15	96.73%	97.83	97.14%	96.54	96.79%	94.97	95.65%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	1.00	1.14%	1.11	1.10%	0.94	0.94%	1.41	1.42%	m
cash & securities	1.87	2.13%	1.77	1.76%	2.26	2.27%	2.91	2.93%	m

TOTAL	88.03	100%	100.71	100%	99.74	100%	99.29	100%	m

LIABILITIES
creditors - short	9.22	10.48%	19.23	19.09%	9.28	9.30%	9.24	9.30%	m
creditors - long	10.00	11.36%	-	-%	10.00	10.02%	10.00	10.07%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	19.22	21.84%	19.23	19.09%	19.27	19.32%	19.24	19.37%	m

EQUITY
ord cap, reserves	68.80	78.16%	81.48	80.91%	80.47	80.68%	80.06	80.63%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	68.80	78.16%	81.48	80.91%	80.47	80.68%	80.06	80.63%	m

OTHER
NAV Basic	-		-		268.24		265.49
NAV Diluted	-		-		268.24		265.49

Shires Income Cash Flow Statement

	31 Mar 2016 (GBP)	31 Mar 2017 (GBP)	31 Mar 2018 (GBP)	31 Mar 2019 (GBP)
Operating CF	3.14	3.35	3.74	3.35	m
Pre-Financing CF	1.65	3.57	4.35	4.14	m
Retained CF	-2.03	-0.10	0.53	0.64	m

Shires Income Brokers

Name	Activity	Type	Mnemonic	Code
J.P. Morgan Cazenove Limited	Market Maker(MME)	Broker/Dealer	CAZR	CAZEGB2L
Collins Stewart Europe Limited	Market Maker(MME)	Broker/Dealer	CSCS	CSTEGB21
Canaccord Genuity Limited	Market Maker(MME)	Broker/Dealer	CANA	HOARGB21001
J.P. Morgan Securities Ltd	Market Maker(MME)	Broker/Dealer	JPMS	JPMSGB2L
UBS AG	Market Maker(MME)	Broker/Dealer	UBS.	UBSWGB2LEQU
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC