Stock data
| Market cap. | £94.7m |
| Last close | 20.75p |
| High / Low (52 weeks) | 38.2p / 15.8p |
| Stock market listing | AIM |
| Forecast net debt (m) | N/A |
| Forecast gearing ratio (%) | N/A |
| Team | Financials |
| Sector | Financials |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | 19.42 | (12.63) | (42.36) |
| Relative * | 13.75 | (18.44) | (40.5) |
* % Relative to local index
Other companies covered in sector
| Y/E Dec | Revenue (£m) | EBITDA (£m) | PBT (£m) | EPS (p) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2009A | 44.7 | 9.7 | 8.2 | 1.77 | 11.7 | 3.7 |
| 2010A | 66.2 | 13.5 | 12.3 | 1.85 | 11.2 | N/A |
| 2011E | N/A | N/A | N/A | N/A | N/A | N/A |
| 2012E | N/A | N/A | N/A | N/A | N/A | N/A |
Last updated on 14/12/2011
Latest research
Constraints eased
Flash note | Financials | 12/12/2011
Strategic development
Update | Financials | 05/12/2011
Investments pay back
Update | Financials | 19/09/2011
Worth a good look
Outlook | Financials | 01/07/2011
Further acquisition
Flash note | Financials | 09/02/2011
Full year trading update
Flash note | Financials | 01/02/2011
Always look on the Brightside
Outlook | Financials | 12/05/2010
The future is bright
QuickView | Financials | 05/01/2010
Investment summary
Brightside has been informed by the main insurance underwriting capacity provider to the eCar insurance brand (SRICL) that it has secured significant new capacity from a large international re-insurer, effective 1 December 2011. The agreement provides capacity of up to £100m, which at our assumed £500 of premium per policy would allow for an additional 200,000 policies compared with a little more than 120,000 written by eCar (and eBike) in H111. If business can be sourced at adequate pricing and risk then this agreement represents a significant easing of a capacity constraint.
Last updated on 12/12/2011
Industry outlook
Rising premium rates are supporting revenues in broking and premium finance, in addition to volume expansion.
Last updated on 09/12/2011
Key management
| Arron Banks, CEO |
| Paul Chase-Gardner , FD |
Company address
| MMT Centre Severn Bridge Aust Bristol BS35 4BL United Kingdom +44 (0) 1454 635 860 View website |
