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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Arbuthnot Banking Group Plc | ARBB | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1,070.00 | 08:00:10 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1,070.00 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 18/07/2023 | Interim | GBP | 0.19 | 24/08/2023 | 25/08/2023 | 22/09/2023 |
| 30/03/2023 | Final | GBP | 0.25 | 20/04/2023 | 21/04/2023 | 02/06/2023 |
| 19/07/2022 | Interim | GBP | 0.17 | 25/08/2022 | 26/08/2022 | 23/09/2022 |
| 24/03/2022 | Final | GBP | 0.22 | 21/04/2022 | 22/04/2022 | 31/05/2022 |
| 20/07/2021 | Interim | GBP | 0.16 | 26/08/2021 | 27/08/2021 | 24/09/2021 |
| 18/02/2021 | Special | GBP | 0.21 | 25/02/2021 | 26/02/2021 | 19/03/2021 |
| 17/07/2019 | Interim | GBP | 0.16 | 25/07/2019 | 26/07/2019 | 16/08/2019 |
| Top Posts |
|---|
Posted at 28/3/2024 15:31 by pvb 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) |
Posted at 19/7/2023 09:34 by 1tx 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? |
Posted at 18/7/2023 15:51 by rolo7 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. |
Posted at 18/7/2023 14:14 by km18 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 |
Posted at 24/5/2023 09:09 by davebowler Shore CapitalSummary. 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. |
Posted at 03/4/2023 16:53 by makinbuks Don't disagree with your analysis Rolo and certainly ARBB is looking value here but a PE of 4 - 6 is probably about right for the sector bearing in mind interest rates are likely to fall again in 2024 and the credit squeeze will increase bad debts |
Posted at 03/4/2023 15:25 by rolo7 Arbb all about future Pe for this year 23. Looking backH1 22 pbt 3.4m 5/10/22 ahead of expectations then 13mpbt and 4million pbt nearly for sept 22. 23/2/23 ahead of expectations again now 17.3mpbt interest rate benefits and business model set up for higher interest rates. 30/3/23 pbt 20million. so h2 22 pbt was 16m say double for 32pbt for 2023 low estimate. or septemeber 22 pbt =4million times 12 for 48mbpt for 2023. pe range of 5.6, 3.68 using 20% tax rate interesting. |
Posted at 03/4/2023 10:36 by makinbuks Yes use "fiasco" was inappropriate but even at the time I thought it was an odd redeployment of capital. I never understood the indecent haste to exit Secure Trust when its growth prospects and fleet of foot seemed so much more dynamic than that of ARBB itself. All irrelevant now |
Posted at 03/4/2023 10:22 by 1tx I don't think when ARBB bought the prime King St property they could have anticipated Lockdown & the effect this would have on office property values.In the circumstances they did well to get the price they did;in general office properties have declined by a far greater percentage in value and are difficult to sell.The quality/location of the property minimised the loss.Although ARBB is valued at a big discount to book NAV;its PE is higher than some others in this sector.The illiquid nature of the share probably limits interest;but on the other hand our Chairman Sir Henry Angest with a 56% holding,around £90m, certainly has a lot more at stake than we have and has been here and built the company up since it was a very small operation in Birmingham over most of his working life. |
Posted at 30/3/2023 11:18 by c3479z1 results look good, if any bank is safe then ARBB must be, but refuse to invest further in the sector with impenetrable accounts and external factors weighing over which they've no control; |
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