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Shawbrook - Significant profit upgrade

April 2017

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • SHAW
  • Price:
  • 313p
Challenger banks have all been in a mini bull market. In the case of Shawbrook, the shares soared over 300p after the company received a possible 333p cash offer (330p cash plus up to a 3p final dividend) from Pollen Street, which holds 38.9% of the equity.A few days later Shawbrook also reported its 2016 results with a 29% jump in pretax profit to £103.4m and eps of 29.8p. As we said last July, Shawbrook is different from other lenders in that it is well diversified and isn’t just about mortgages. These results show growth across three operating divisions. Property Finance reported asset growth of 21% to £2.5bn and pretax profit growth of 33% to £82.5m. Business Finance reported asset growth of 17% to &poun ...

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Shawbrook - 50% of profit from property mortgages (July 2015)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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