Aug 08th 2012 - Edison Investment Research today published a report on Share (SHRE.L, LSE:SHRE, LON:SHRE) entitled "Challenges Faced Head On". In summary, the report says:
Falling market volumes and continued regulatory charges make Share plc’s core business challenging. Its business mix is less sensitive to trading commissions than many peers but trading is important. It has met this challenge through a combination of diversifying product ranges, acquiring an additional portfolio of customers and managing costs. Despite these actions the underlying EPS fell from 0.6p to 0.4p and we have reduced our 2012 earnings from 1.16p to 0.86p. A return of investor confidence in the market would quickly reverse these cuts.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »