Arbuthnot Banking Share Discussion Threads

[renew] 20/1/2016 22:35

The trouble is they trousered all of that cash last year but we arn't seeing any of it!!!!

[retsius] 20/1/2016 17:57

Drop but not anything like the overall market.
Simon T. will be giving an update on the stock soon.
He believes NAV to be near £22, so there is a crumb of comfort,and of course they did a splendid deal selling EL.
That deal in present market conditions might not have faultered but they might not have secured such a good price.
Facts are sometimes affected by sentiment in turbulent markets.
R.

[future financier] 20/1/2016 15:27

Just scoffed a packet of Imodium - but hasn't done any good - my guts are still dropping fast.

[pvb] 20/1/2016 15:17

Buttocks crossed!

[pvb] 10/1/2016 19:55

Fingers crossed.

[retsius] 10/1/2016 19:51

Trading Update on Thursday.
R.

[paleje] 10/12/2015 16:11

IC ran an article on ARBB yesterday, says its 51.9% stake in Secure Trust worth ~£311m which is more than 30% higher than its own market cap. They rate it a bargain buy.

[topvest] 05/12/2015 20:49

Yes, a positive move at this point in the cycle. Value crystallised and can be invested in secured lending. They now have a very strong capital position. This share continues to be a deeply discounted quality value play.

[pvb] 05/12/2015 17:09

STB disposing of Everyday Loans:

[retsius] 03/9/2015 19:53

X div today so the rise is boosted by another 12p.
R.

[droid] 23/7/2015 16:20

That's better !!

[pvb] 23/7/2015 15:37

Rhubarb! Rhubarb!

[droid] 23/7/2015 15:35

New high ground and not a murmur from anyone!

[droid] 21/7/2015 22:36

Arbb divi up by much bigger %age than STB's for starters. ARBB is the cheap way into STB anyway.

[rik shaw] 21/7/2015 21:36

So why did ARBB jump today but not STB? Both appear to be moving forward positively.

[pvb] 21/7/2015 20:55

Interims:



Commenting on the results, Sir Henry Angest, Chairman and Chief Executive of Arbuthnot, said: "The Group has continued its profitable growth and as a result the Board has decided to increase the interim dividend. Both banks have detected an improvement in customer sentiment following the decisive result of the general election."

[huttonr] 09/7/2015 12:14

Perhaps concern re buy to let mortgages and the budget change to only allow basic rate tax relief on interest? look at Aldermore (LSE:ALD)

[future financier] 09/7/2015 12:08

... and yet STB is holding up well - the case for ARBB rather than STB is overwhelming ........?

[puku] 09/7/2015 11:57

down to 1350p does anybody have any clue to the share price weakness - apart from the GREXIT ?

[topvest] 18/6/2015 21:15

Or maybe to the banking industry - well done I say!

[pvb] 18/6/2015 13:26

I see Henry A got a knighthood in the Queen's Birthday Honours.

Services to the Tory Party finances, perhaps?

[topvest] 12/4/2015 20:22

Well Arbuthnot is a strange beast. My valuation was:
£270m for the c50% in Secure Trust
£60m for Arbuthnot Latham versus £40m equity
Less £30m group costs
= £300m
versus market cap of £235m
Its difficult to view the accounts in a normal way for two reasons:
1. They only own just over 50% of Secure Trust
2. Group costs dilute the two trading company results.
The strategy seems to be to top-slicing the Secure Trust shares to invest in the Arbuthnot Latham business that is also now doing well.
Ultimately, I believe that the Secure Trust shares will probably be distributed to holders leaving the private bank on its own. This is maybe a year or two off in my view once Arbuthnot Latham have sufficient capital.
It's going to be difficult for Arbuthnot to retain control as any further sales or share issuance will mean that Secure Trust bank will be de-consolidated.

Happy to hold as value will show eventually.

[terryq2] 06/4/2015 09:43

Hi,

I've taken a look at ARBB and a couple of points I don't get.

Why is the cash flow deteriorating? now showing negative for 2013 & 2014

Also, looks like there is only one analyst researching. Their view is they are not expecting growth in the share price this year and position as a hold

Anyone know why?

Tx

[future financier] 13/3/2015 09:10

ITs a mistake to buy/hold in the hope that the anomaly will close - but eventually I guess we should see SOME reward - whether in the form of enhanced dividends or else through a narrowing of the gap.

The family must have a cunning master plan - just wish I knew what it is!