Oct 26th 2012 - Edison Investment Research today published a report on Share (SHRE.L, LSE:SHRE, LON:SHRE) entitled "Market Share Gains Continue". In summary, the report says:
Share plc has reported a record benchmark market share of 6.88% in Q312 up from 6.69% in Q212 and 5.77% in Q311. Market conditions have been challenging and total revenue was down 4% on Q311 (peers down nearly 20%). Structurally Share plc is less dependent on trading commissions, but even in this weak area its revenue fell at just two-thirds of the rate of peers. The group also revealed that trail commission accounts for just 4% of revenue and that regulatory changes provide net growth opportunities. Our net profit estimates are unchanged, but we have modestly trimmed revenue and costs.
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