Close Brothers Share Discussion Threads

[stoopid] 05/5/2024 03:00

Would love to see momentum build here but with the liabilities for the car finance scandal still hidden/undeclared for the moment who knows. Maybe we will get an idea or some clarity on the 22nd, would be nice. Will be interesting to see if Novitas liabilities have cleared the books, they were about £100m last year (can't remember exact figure).Also, has Winterflood has performed better? Reading across from HL and AJ Bell I'm hoping it has. My simple logic says that if CBG was allegedly undervalued at 800 before this Car Finance scandal then surely it must get back there once this is all over.And if the provisions for it are not as onerous as feared by the everyone then with the suspension of the divi and other capital raising efforts CBG could be sitting on a cash pile of maybe £200m - 400m and declaring profits of 200m? A share price of 800 would seem cheap then.

[tsmith2] 04/5/2024 21:42

Close Brothers Group plc will release its scheduled trading update for the third quarter to 30 April 2024 on 22 May 2024. would expect momentum to start building

[tsmith2] 03/5/2024 08:53

about to poke head above recent headline..

[davius] 02/5/2024 17:59

Unusual, 211K uncrossing trade at 479.4p when they were trading up to the close at around the 472p level.

Someone happy to take them on at that price.

[tsmith2] 02/5/2024 16:46

decent surge at day's end

[mustau] 01/5/2024 14:48

Nasty shake yesterday with all those small trades.

[faz] 30/4/2024 14:51

jonnybig, what? if Winterflood contributes little why would they get a decent price?

[j2m] 30/4/2024 08:51

O yes see that now;) TS for period UP to 30/04 on 22/05.

[j2m] 30/4/2024 08:08

No trading statment?

[jonnybig] 29/4/2024 17:44

Cbg should sell winterflood. It's non core and contributes little. I'm sure they'd get a decent price.

spud

[dplewis1] 29/4/2024 11:25

Would agree there, as do many US private equity companies and corporates. Hope you do well on this one I am equally as positive on the outcome for CBG

[jaknife] 29/4/2024 09:47

LOL!

I'm super bullish on the UK full stop at the moment, just only sensible companies!

Come along to Mello in May:



and you'll find lots of such "sensible companies" presenting!

[dplewis1] 29/4/2024 09:32

Jak - you're actually bullish on something..?! I enjoy your takedowns of rampers on these forums, just a surprise to see you think something might do well :)

[jaknife] 28/4/2024 16:28

Where did you get that from tsmith2? I'm just looking at Shares Magazine's weekly schedule:

[tsmith2] 28/4/2024 15:17

NOTICE OF QUARTERLY TRADING UPDATE Close Brothers Group plc will release its scheduled trading update for the third quarter to 30 April 2024 on 22 May 2024.

[jaknife] 28/4/2024 15:14

CBG are due to give a trading update on Tuesday.

My bet is that the numbers are better than expected, that CBG's processes have been robust on car loans, that cutting the dividend for one year will easily cover any claims and that Winterfloods is seeing a recovery in volumes.

[stoopid] 28/4/2024 07:41

Nope, still too much uncertainty with the FCA investigation. With divi cancellation and provisions already announced by CBG they are deffo expecting some sort of hit/sanction. Question is, how much. September before anything is known when FCA is expected to make an announcement.

[tsmith2] 26/4/2024 08:38

Over £5 and I think we move sharply higher

[jonnybig] 24/4/2024 15:56

And yet another director buy

spud

[naeclue] 23/4/2024 15:44

It's Lloyds quarterly results tomorrow, I think folks are waiting to see if there's any further information given on the FCA enquiry.

[tsmith2] 23/4/2024 14:49

look at volume

[jonnybig] 23/4/2024 10:29

Another nice director buy

spud