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ARBB Arbuthnot Banking Group Plc

1,080.00
15.00 (1.41%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Arbuthnot Banking Group Plc LSE:ARBB London Ordinary Share GB0007922338 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  15.00 1.41% 1,080.00 1,050.00 1,110.00 1,130.00 1,050.00 1,090.00 10,346 16:35:15
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 139.02M 16.46M 1.0085 11.01 181.15M
Arbuthnot Banking Group Plc is listed in the Commercial Banks sector of the London Stock Exchange with ticker ARBB. The last closing price for Arbuthnot Banking was 1,065p. Over the last year, Arbuthnot Banking shares have traded in a share price range of 840.00p to 1,150.00p.

Arbuthnot Banking currently has 16,319,926 shares in issue. The market capitalisation of Arbuthnot Banking is £181.15 million. Arbuthnot Banking has a price to earnings ratio (PE ratio) of 11.01.

Arbuthnot Banking Share Discussion Threads

Showing 626 to 647 of 650 messages
Chat Pages: 26  25  24  23  22  21  20  19  18  17  16  15  Older
DateSubjectAuthorDiscuss
28/3/2024
17:17
Yes all seems good at Group level, and as always BV of 1547p is eye wateringly higher than the share price

However, reading on. Wealth Management loses £4m on income of £11m both this year and last (broadly) Why continue this activity?

Similarly Bus and truck finance loses £3.2m on revenue of £100m considerably worse than prior year despite a positive comparison on provisions

And what on earth happens in Other Divisions? How do you turn a profit of £11m into a loss of £5m? Apparently the top line falls £10m while OPEX is up £7m!!!!! I accept a one off write down of property £2.8m as part of the OPEX story

Guess I should attend the AGM

makinbuks
28/3/2024
15:31
A good set of results today:



FINANCIAL HIGHLIGHTS

Profit Before Tax of £47.1m (2022: £20.0m), an increase of 135%

· Operating income increased to £178.9m (2022: £137.4m)
· Average net margin of 5.7% (2022: 5.1%)
· Earnings per share increased by 103% to 222.8p (2022: 109.6p)
· Final dividend declared increased by 2p to 27p (2022: 25p)
· Total dividend per share for the year of 46p (2022: 42p), an increase of 10%
· Net assets of £252.4m (2022: £212.0m)
· Year-end net assets per share of 1547p (2022: 1411p)
· CET1 ratio of 13.0% (2022: 11.6%) and total capital ratio of 15.2% (2022: 14.0%), well above the Group's minimum requirements
· Substantial surplus liquidity at the year-end of £962m above the regulatory minimum (2022: £535m)

pvb
19/10/2023
10:30
Update less than clear I would say at first read. Going against the trend ny renting larger central London offices
makinbuks
18/10/2023
20:40
trading statement in the morning chart does not look great, raised 12million early in year above these share price levels, could directors take this private, proabably would if not a bank?!
rolo7
27/8/2023
19:05
yep sold out at moment uk recession more likely.
rolo7
22/8/2023
09:57
Once again no momentum following the results
makinbuks
22/8/2023
09:56
Three new directors appointed. Not clear why they are suddenly necessary. Certainly not going to be branching into Fintech with those three!
makinbuks
16/8/2023
09:52
Possibly, the trouble is this share just isn't very well marketed. The results were great and we saw a nice jump but what's the next catalyst? Strategically ARB is a niche player in several banking sub sectors but that comes across as a bit confused and rather at the whim of the owner. Consolidation is quite possible and I could see ARB being taken out, possibly as a solution to Henry's retirement
makinbuks
15/8/2023
20:17
Volume today more director buys or seller cleared?
rolo7
06/8/2023
21:28
Maybe some bank mergers small banks does the UK need so many banks and building society. Director age here will he decide to retire.
rolo7
04/8/2023
10:42
Agree regarding results, the question is what will cause UK banks to re-rate. Ludicrous that they don't trade closer to NTA for example
makinbuks
04/8/2023
06:56
yep interest rates to remain high for longer the banks are worth a look at. next years H1 results will be stunning.
rolo7
04/8/2023
06:49
It's my top pick among the UK banks
jimbo123elf
27/7/2023
11:01
Holding up well, take some coutts customers would be nice ?
rolo7
19/7/2023
08:34
Remarkable that ARBB managed to produce accounts in 18 days from period end.True that interim figures do not need an audit;but I have not seen interim figures produced so quickly.....Is this a record?
1tx
18/7/2023
14:51
Thanks well happy with results a few more shares in issue with placing to get real EPs figure though. Expecting special dividend next year!? I did email company on Friday but no reply as yet.
rolo7
18/7/2023
13:14
Arbuthnot Banking Group plc posted unaudited Interims for the HY ended 30th June this morning. Customer loans increased by 7% yoy to £2.3b., customer deposits were up 16% yoy to £3.3b. while AUM were up 6% to £1.4b. PBT increased to £26.4m for the six months to 30 June 2023 (30 June 2022: £3.4m), EPS surged to 129.4p (30 June 2022: 17.8p). Both were boosted by widening Net interest margins which have benefitted due to the rising BoE bank rate. Even higher interest rates are likely through the remainder of 2023 and 2024 suggesting that profits should remain well supported in the near term. A return to the ultra-low interest rate environment of the past decade is also unlikely suggesting that the medium-term outlook is increasingly favourable for banks. Valuation is very attractive with forward PE ratio at 4.5x comfortably top quartile for the Banking Services sector. The bank is `strengthening with CET1 capital ratio up to 12.2% from 11.4% a year earlier. Share price has spiked up 16% today and is developing some solid momentum. BUY...

...from WealthOracle

km18
18/7/2023
09:54
Well, they announced some time back that they made £4m in a month. Sir Henry put in half the £12m fundraise in February which was clearly aimed at profitable growth. That was a real sign of confidence which he didn't need to do. I've only read through the announcement once but my initial takeaways were:

Very conservative lending, levels either static or down
Obviously increased margins as base rates increased
Increased deposits which will cost 1% more in future
Further opportunities to acquire books in the secondary market

Trading below asset value makes no sense, yet has persisted for as many years as I can remember. Perhaps with this interest rate cycle, and associated earnings for shareholders, we will see some value ascribed to the business itself.

makinbuks
18/7/2023
09:07
Amazed by profit increase;if second half is at the same level the shares are still very inexpensive.At least my profits here cover my present loss on my holding of former associate Secure Trust Bank!
1tx
18/7/2023
08:59
Looks like rolo7 was right with his conservative FY23 estimate of £48m PBT with unadjusted £26m in the first half.
makinbuks
18/7/2023
08:15
Good results. Share boost.
petewy
28/6/2023
15:15
Buyers coming in for this forecast over 200p EPS this year, no idea who took the other shares at the recent placing!? Must want to stay below 3%. Big dividends on way here possibly?!
rolo7
Chat Pages: 26  25  24  23  22  21  20  19  18  17  16  15  Older

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