Ripley94
26 Jun 2019
Allenbridge CBG… XXXX Dealings with these years back surprised to see they are listed.
In_the_dark_yet_again
13 Mar 2019
Trading Update LSE:CBG [link] Can’t say I’ve very impressed with these interims. ‘Solid’ is the work they used, and I suppose it is… just. Flat to a few % here and there, no real growth, certainly nothing to get excited about. I’ll be having a serious read and possible rethink here over the next few days. Any decent up-tick and my instinct would be to off-load a few. Regards, ITDYA
In_the_dark_yet_again
15 Nov 2018
Trading Update LSE:CBG [link] Looks like growth has dried up a bit… there’s some but it’s very small. Assets under management down. Not hard to see why the market doesn’t particularly like it; that’s two trading statements on the trot that indicate limited growth. Regards, ITDYA getting worried about one of my stalwarts; still very profitable but maybe the growth party is over.
In_the_dark_yet_again
25 Sep 2018
Trading Update LSE:CBG [[link] I’m a bit unimpressed with these results. Very surprised the SP held up as well as it has this morning. The pre-close statement indicated high single digit growth all around. 4s and 5s aren’t high single digit! Still, it is growth albeit less than I had hoped for… maybe I expect too much. Regards, ITDYA, going to sit tight, at least for now.
In_the_dark_yet_again
21 Sep 2018
Trading Update LSE:CBG Maybe talking to myself again but I’m beginning to think Tuesday’s finals will be better than original predictions. Why? It’s Close Brothers and they tend to predict low so they can exceed (and they frequently do) plus the uptick this last week… not that the City leaks like a colander. I’m now thinking these results will be low double digits all around rather than high single. I’m not saying £16.50 is cheap… just if only Theresa May could be this ‘solid and stable’ Regards, ITDYA
In the dark yet again
22 May 2018
Re: Trading Update Another trading update.... more of the same. Very solid if not spectacular. Looks like it will be high single digit growth all around for the year unless the wheels come off in the immediate future.Regards,ITDYA
TX2
25 Jan 2018
Trading Update The price rise has been caused by a good update,the RNS issued has not yet appeared on iii news.
Warren Buffoon
24 Nov 2017
Re: Looks good Looks so good I've just bought another tranche today (nice 4.4% divi too).
Grill Bimsie
16 Nov 2017
Peel Hunt Upgrades to BUY Close Brothers Group PLC (CBG) Peel Hunt Upgrades Buy at 1,332.00 Target 1,600.00 Cheers,
In the dark yet again
27 Sep 2017
Re: Looks good Well I did have a pretty good look, carefully, and can only see a few things wrong with the numbers.The 13% profit growth is pretty real - the only significant 'adjustment' is for amortisation of intangible assets following the recent acquisitions which is only just over 2% in total and barely changed (in %age terms) from the previous period. Across the board everything looks solid subject to the business we all know they are in. Solid, not spectacular these results but than that's what the analysts were predicting.However despite this 13% increase it only comes out as 2 to 3% EPS increase which is a possible source of the disappointment. 150m shares in play 31/08/16 vs 151.75, 31/08/17 isn't enough to explain the difference but the tax bill is up significantly courtesy of HMG Treasury theft a.k.a. the bank corporation tax surcharge (a ridiculous promise not to raise Income Tax, NI or VAT was always going to have horrible side effects and banks haven't been that popular in the eyes of the general public in recent years so why not go rape them, who's going to complain?) That seems to account for the difference.Costs also up 11% but as a %age nothing much changed.But again that was my point. Monday night they were in this business, we all knew the rules, the risks of retail lending being overheated were already there. The Brexit 'risk' was already there. We already knew all that so when the numbers are pretty much as expected I'm struggling a tad to explain the sell off.A 5% dividend increase may have been a disappointment to some, less than it has been in recent years, but against an EPS growth of only 2 to 3% it's understandable.... which may hint at the real reason: the full impact of HMG's banking tax surcharge is clear here for all to see.Regards,ITDYA
numberbiter
26 Sep 2017
Re: Looks good If you look at the numbers carefully you will see that there has not been a significant growth in profitability. Under the circumstances the proposed dividend seems reasonable.What the market is worried about is that the Bank of England has said that retail lending has become overheated; the number of defaults might increase. If there is no Brexit deal, then it is relatively certain that a large number of people will struggle financially.Those holding might be rewarded for their bravery, but then they might not. The current price is discounting for uncertainty, but there is no knowing what a realistic price should be.
In the dark yet again
26 Sep 2017
Re: Looks good But the market doesn't like the results does it? Haven't had a chance to have a proper read but will this evening. At first glance 13% increase in profits looks pretty good. But the dividend up only 5% might make some think cautiously. The key source of the juice is still the loan book - Winterflood and Asset management together represent less than 20% of the total profits - and maybe people getting jittery about consumer debt (can't say I blame them).................... but then we knew that yesterday and I can't see anything here that's a big surprise.I'll have a read later and report back with my thoughts.Regards,ITDYA
Warren Buffoon
26 Sep 2017
Looks good Looks good to me. Ten year holder of these shares . . . keep going.
valeite
17 Mar 2017
a note from jp morgan cazenove .....overweight and price target £17.8
In the dark yet again
14 Mar 2017
Results Rock solid yet again. All the numbers good although the divi up only 5% even though there seems to be plenty of room for more.Regards,ITDYA
