Half-year results for boutique investment group Shore Capital (SGR) were somewhat flattered by the sale of several radio spectrum licences in Germany for net revenues of €12.5m (£9.2m). That's unlikely to concern shareholders, however, as the group announced plans to return the proceeds of that deal to investors in a £10m payout, equivalent to around 41p a share.
IC TIP:
Hold
at
418p
And although Shore will skip this year's half-year dividend, there is huge potential in its 32 remaining regional spectrum licences, which should "deliver very significant gains in due course".