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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 | - | 2 | 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 |
Date | Subject | Author | Discuss |
---|---|---|---|
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 |
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