Share PLC Q1 Trading Update and Benchmarked Performance (3892A)
May 29 2019 - 2:00AM
UK Regulatory
TIDMSHRE
RNS Number : 3892A
Share PLC
29 May 2019
29 May 2019
AIM: SHRE
Share plc
("the Company" or "the Group")
Q1 Trading Update and
Benchmarked Performance
Share, which operates The Share Centre Limited ("The Share
Centre"), a leading independent retail stockbroker, is pleased to
provide an update on the Group's trading in the first quarter of
the financial year ending 31 December 2019, and on its market share
by revenue for this period relative to a peer group of 15 other UK
retail stockbrokers*. The market share data used is generated by
Compeer Limited, the independent business performance benchmarking
company.
In a challenging market environment, with the London Stock
Exchange reporting that the number of trades for the first quarter
was 27% down on the same period in 2018, the Group showed a
resilient performance. Commission and fee revenues for the first
quarter increased by 2% on the same period in 2018. This compared
to a decrease of 3% for the peer group in the quarter. Continuing
the momentum seen in the second half of 2018, the Group also
generated an operating profit in the first quarter. This reflects
the benefits of the acquisitions made in 2018 and the Group's
digital transformation strategy.
The Group's market share of revenues excluding interest,
relative to its peer group, was 3.70% in the first quarter of 2019
(Q1 2018: 3.54%). This compares with 3.90% in the fourth quarter of
2018. The table below shows the Group's quarterly market share of
revenues excluding interest since Q1 2017:
Period Q1 2019 Q4 2018 Q3 2018 Q2 2018 Q1 2018 Q4 Q3 2017 Q2 2017 Q1 2017
2017
Market share 3.70% 3.90% 3.80% 3.88% 3.54% 4.13% 4.15% 4.18% 3.66%
-------- -------- -------- -------- -------- ------ -------- -------- --------
* The benchmarked revenue peer group comprises: AJ Bell;
Alliance Trust Savings; Barclays Stockbrokers; Equiniti; Halifax
Share Dealing; Hargreaves Lansdown; HSBC Stockbrokers;
iDealing.com; Interactive Investor; ITI Capital; Jarvis Investment
Management; Saga Personal Finance; Selftrade; Thomas Grant &
Co; and Yorkshire Building Society.
For further information please contact:
Share plc
01296 439 270 / 07919
Richard Stone, Chief Executive 220 599
Mike Birkett, Finance Director 01296 439 479
Cenkos Securities plc (Nominated
Adviser and broker) 020 7397 8900
Mark Connelly
KTZ Communications (Financial Public
Relations)
Katie Tzouliadis / Dan Mahoney 020 3178 6378
About Share plc:
Share plc is the parent holding company of The Share Centre
Limited and its shares are traded on AIM. The Share Centre started
trading in 1991 and provides a range of account-based services to
enable investors to share in the wealth of the stock market. Retail
services include share accounts, ISAs, Junior ISAs and SIPPs, all
with the benefit of investment advice, and dealing in a wide range
of investments. Services available to corporate clients include
Enterprise Investment Scheme administration and 'white-label'
dealing platforms.
For more details contact 0800 800 008, or visit www.shareplc.com
or www.share.com
Risk Warning
This document is not intended to constitute an offer or
agreement to buy or sell investments and does not constitute a
personal recommendation. The investments and services referred to
in this document may not be suitable for every investor and if in
doubt independent financial advice should be sought. No liability
is accepted whatsoever for any loss howsoever arising from any
information in this document subject to the rules of the Financial
Conduct Authority or the Financial Services and Markets Act 2000.
Share prices, values and income can go down as well as up and
investors may get back less than their initial investment. The
Share Centre is a member of the London Stock Exchange and is
authorised and regulated by the Financial Conduct Authority under
reference 146768.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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