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ARBB Arbuthnot Banking Group Plc

1,065.00
0.00 (0.00%)
18 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
  0.00 0.00% 1,065.00 1,040.00 1,090.00 - 368 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 139.02M 16.46M 1.0085 10.56 173.81M
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 £173.81 million. Arbuthnot Banking has a price to earnings ratio (PE ratio) of 10.56.

Arbuthnot Banking Share Discussion Threads

Showing 626 to 648 of 650 messages
Chat Pages: 26  25  24  23  22  21  20  19  18  17  16  15  Older
DateSubjectAuthorDiscuss
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
23/6/2023
07:50
oh yes can see this being above expectations in results late july.
rolo7
23/6/2023
07:47
BOE interest rise:good news for Arbuthnot?
retsius
24/5/2023
08:09
Shore Capital

Summary. Arbuthnot has issued a positive trading update, covering four months to 30 April, ahead of an AGM later today. The statement conveys a good start to FY23F. The company continues to benefit from rising interest rates, whereby the increase in deposit costs lags the upward repricing of assets. Loan growth has moderated slightly following a tightening of credit criteria whilst deposit balances have continued to grow. A £12m fundraise in April has increased surplus capital and liquidity, providing the company with significant optionality to seize opportunities emerging from market disruption, particularly if uncertainty prevails in the non-bank space. Part of the proceeds have been used to purchase £42m of assets (at a discount to book value) for the Asset Alliance vehicle leasing business. With a prevailing fair value estimate of 1640p, we continue to see ARBB’s valuation as undemanding with trailing P/TNAV at 0.8x against a business able to sustain a low/mid-teens RoTE, with further support from dividends yielding c.5%. HOUSE STOCK. Forecasts. We will review our forecasts shortly to incorporate recent changes in the UK base rate, the April fundraise and Asset Alliance’s acquisition of operating lease assets. We continue to envisage positive momentum in forecasts even after publishing five material upgrades over the past year, the last of which followed FY22 results on 30 March: Resilient deposits & abundant liquidity. Detail. Loan balances including lease assets at 30 April were £2,234m, +1% compared to 31 Dec and +8% YoY. Deposits at 30 April were £3,255m, +4% YTD and +18% YoY. AuM in the wealth division was £1,376m, +4% YTD and +2% YoY. ARBB remains focused on client service and longterm relationship building to drive sustainable deposit and loan growth. The capture of spread through deposits (i.e. slower upward repricing vs. base rate increases) reflects the mix, which includes current and relationship accounts. ARBB continues to focus on balance sheet efficiency, allowing capital intensive lending to mature and roll off, to be replaced by more capital efficient lending. The challenging macroeconomic environment is resulting in some signs of loan book stress, however given low average LTVs across the overall book, defaults are not expected to entail meaningful incremental losses.

davebowler
Chat Pages: 26  25  24  23  22  21  20  19  18  17  16  15  Older

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