The fund after very careful consideration decided to double it´s holding in Shore Capital today, setting a limit of 27p but managed to obtain at 26.875p.
Yahoo1 year share price target is 43.00 p. It gives the earnings per share as 27.20p with a dividend and yield of 0.30 (1.12%). However the last annual report shows that the company paid a second interim dividend of 0.625p bringing the total 0.875p so evidently Yahoo only showed the first interm dividend. This indicates a yield of 3.255% not 1.12%. Net asset value per share is shown as 57.0p (2008 - 25.4p). Earmings per share - Prior to the addition of the goodwill credit, the Group generated earnings per share of 3.81p (2008 - 0.01p) including the credit from negative goodwill, earnings per share were 27.18p. Total return to shareholders (net asset per share growth plus dividends paid) over the last 10 years - over 40% pa - highest of peer group. Subject to any downturn there does seem room for the Bank to increase the dividend as it is well covered. Full details of Shore Capital can be found below by clicking on the links. Historically before the 2008 fallout the historic high was in the region of 100p
Shore Capital is a UK investment banking group which specialises in equity capital market activities and investment management in alternative assets.
www.shorecap.co.uk/
www.shorecap.co.uk/
No comments:
Post a Comment