Shares in stockbroker Shore Capital have almost tripled in value since April, but non-executive director Barclay Douglas thinks there's more to come.
The accountant has spent £92,000 on 250,000 shares at 36.75p each. He now owns 1.25m shares, or half a per cent of the company.
Shore received a shot in the arm in August when it revealed strong performances from its asset management and equity capital markets divisions helped boost interim profit and revenue.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Pre-tax profits for the six months to June 30 climbed to £5.21m from £2.7m over the same period the previous year. Revenue climbed to £17.8m from £13.2m.
Value: £195,000
Value: £92,000
Value: £49,450
Value: £30,000
Value: £25,011
Value: £21,078
Value: £20,280
Value: £18,000
Value: £13,600
Value: £1,480,000
Value: £1,029,076
Value: £210,199
Value: £67,010
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
-
What does Rachel Reeves’s plan for growth mean for UK investors?Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
