If you have an account with the Share Centre and hold 500 of their shares worth £120 you get an extra share dealing discount. If you pay £96 per year to be a frequent dealer, this reduces the dealing cost per transaction to a flat rate of £5.25. You only need to make 2 trades of around £2000 each per quarter to get your money back.
Company was trading on share mark ( private share market they told me ? )
Promoted to AIM 2008 price was around 34p.
Nearly touched 50p before falling back to today's 25p.
Taken cert business from likes of Barclays and have to pay % of profit on that for a period
They say aspire to be more like HL then Jarvis.
Latest rns gives details of improvements despite pre-election blues causing downtrend in revenues by 11%. By contrast peer groups show a decline of 13%.
Share Plc says Q1 trading in line with expectations
By StockMarketWire | Tue, 28th April 2015 - 07:37
Share Plc said trading in Q1 was in line with expectations. As anticipated, in the run up to the General Election and against a backdrop of increased uncertainty, investor activity was subdued especially against a strong Q1 2014, with Q1 revenues showing an 11% decrease year on year.
"This represented a stronger performance than the collective peer group, whose revenues decreased by 13% in Q1, and Share has gained market share against its peer group, with its share increasing to 7.48% in Q1 from 7.30% in the same period last year," the company said in a trading update.
"Specifically, as peers continue to re-align models from trail commission and other revenues to fees, as well as seeing a similar drop in dealing activity, they have seen other income streams fall. It is worth noting that many peers now have a value related fee structure.
"We believe that this penalises investors and is unsustainable in the longer term, but does deliver revenue increases just as a function of rising market values.
"Assets held on behalf of customers increased by 8% to £2.7bn over the first quarter. This compared to a rise of nearly 4% in the FTSE All Share index over the same period and demonstrates the underlying strength of customer interaction.
"Cash inflow from customers ahead of the end of the tax year was strong, with cash held on behalf of customers at the end of Q1 2015 up 27% compared to the prior year.
"On 8 April 2015, the Share Centre started to provide certificated dealing services to customers introduced to it by Barclays Stockbrokers. As reported on 4 March 2015, this is expected to add approximately 5% to Share's revenues in 2015 and followed the signing of a major three year contract with Barclays Stockbrokers.
"Share's market share of peer group revenues for the first quarter was 7.48%, up from 7.30% in Q1 2014. This headline measure includes our commission, fees and interest. Excluding interest, our market share also showed growth in the first quarter rising to 8.35%, up from 8.23% in Q1 2014."
According to ESSUM29395 Schedule 2 of H.M.R.C share incentive plans (S.I.P's) Rules and Supplementary on defined terms, the '1/4 up' rule allows for shares under these plans to be acquired for 1/4 of the difference between the bid and ask prices quoted on the stock exchange at the time. So today we had a bid price of 34p and ask of 35p, meaning a price of .25p NOT .125p to be added to the 34p. Perhaps we will get a further correcting rns. However, my main point was that P.I's get a raw deal out of these cosy little arrangements between the company and the HMRC and it applied to all companies operating such schemes. Not much we can do about it. Just another way of diluting the value of our shares!
Just contacted The Share Centre and advised that these shares were bought under H.M.R.C rules, which could not be properly explained over the telephone. Something to do with incentive schemes and obviously playing on a different playing field to P.I's.
Re RNS concerning directors buys at 1326hrs today.
How is it that the directors can get these shares at 34.125p each and yet when I try to buy some on the open market, I get quoted 35p to buy? Several sells at 33.6p prior to my attempt to buy and a few buys at 35p. Nothing showing on trades as 34.125p. What a stitch-up! Come on The Share Centre, let's not be old curmudgeons in the season of good will.
It is happening all over the place, check out MML, PAF etc etc. Massive manipulation going on, probably the HFT shysters, keep quiet though you might wake the regulators up ! lol. ps. no point complaining, I tried last year.
Well 'numbiter' not quite the scenario that you painted, eh? I have a feeling that this share is going to settle for a while with perhaps a drop for profit taking BUT the prospects remain fairly solid and the more people getting to know and use this company then the higher the rewards for us as shareholders. It's a bit like members of Barcelona F.C having a stake in where their team is going.
With a P/E ratio of around 40 (at 37.5 p per share) I don't think so! Given the projected growth, 24p would be a fairer valuation.A thin market doesn't help either. Of course, on AIM, financial reality does not always hit the notes, so really anything can happen. That is what supply and demand is all about!
One would expect a drop at some time after such a meteoric rise. I would like to see this settle down around the 30p mark before any further advancement. The imminent payment of a final dividend should help stability in this respect and also reward recent buyers as encouragement for the future. HOLD on folks.
The increased dividend to 0.53p on an sp of 30p is rather healthy. The increased profits and volume going forward suggests more good news ahead. More people are beginning to realise the value in holding this share. The ability to buy in and sell out of it without incurring a commission charge is a handy tool to have. Could this be another Hargreaves and Lansdowne story? Now is the time to buy into it.
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