Mar 04th 2013 - Edison Investment Research today published a report on Share (SHRE.L, LSE:SHRE, LON:SHRE) entitled "Outperforming A Difficult Market". In summary, the report says:
Through business mix, market share gains and management action, Share plc has limited the 2012 drop in revenue to just 2%, much better than the peers’ 13% drop. Costs were well controlled rising just 0.7%. Statutory profits were adversely affected by one-off restructuring costs. The group remains strongly cash and capital generative, with net cash of £12.2m and the dividend up 19%. Falling deposit rates are encouraging private investors to move away from cash and into equities, Share notes a significant upturn in dealing activity at the start of the year.
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 »