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
-
Tesla earnings: live preview and analysisCan the electric car-maker overcome a big deliveries miss ahead of earnings?
-
Can I shield my ISAs from inheritance tax?Many investors and savers will be wondering if there’s anything they can do to protect their ISAs from inheritance tax, especially as pensions will become liable for the levy from April 2027. We reveal the options available to ISA customers
