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ARBB Arbuthnot Banking Group Plc

1,100.00
0.00 (0.00%)
17 Apr 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 Shares Traded Last Trade
  0.00 0.00% 1,100.00 881 08:07:08
Bid Price Offer Price High Price Low Price Open Price
1,060.00 1,140.00 1,100.00 1,100.00 1,100.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 181.44M 35.38M 2.1678 5.07 179.52M
Last Trade Time Trade Type Trade Size Trade Price Currency
11:58:05 O 100 1,137.00 GBX

Arbuthnot Banking (ARBB) Latest News

Arbuthnot Banking (ARBB) Discussions and Chat

Arbuthnot Banking Forums and Chat

Date Time Title Posts
28/3/202418:24Arbuthnot591
28/3/202408:57Arbuthnot49
21/1/202115:42*** Arbuthnot ***2
20/10/200517:24ii-

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Arbuthnot Banking (ARBB) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-17 10:58:061,137.001001,137.00O
2024-04-17 09:50:421,098.00991,087.02O
2024-04-17 09:18:051,139.204995,684.61O
2024-04-17 08:01:141,132.0079894.28O
2024-04-17 07:07:071,100.00991,089.00AT

Arbuthnot Banking (ARBB) Top Chat Posts

Top Posts
Posted at 17/4/2024 09:20 by Arbuthnot Banking Daily Update
Arbuthnot Banking Group Plc is listed in the Commercial Banks, Nec sector of the London Stock Exchange with ticker ARBB. The last closing price for Arbuthnot Banking was 1,100p.
Arbuthnot Banking currently has 16,319,926 shares in issue. The market capitalisation of Arbuthnot Banking is £179,519,186.
Arbuthnot Banking has a price to earnings ratio (PE ratio) of 5.07.
This morning ARBB shares opened at 1,100p
Posted at 28/3/2024 17:17 by makinbuks
Yes all seems good at Group level, and as always BV of 1547p is eye wateringly higher than the share price

However, reading on. Wealth Management loses £4m on income of £11m both this year and last (broadly) Why continue this activity?

Similarly Bus and truck finance loses £3.2m on revenue of £100m considerably worse than prior year despite a positive comparison on provisions

And what on earth happens in Other Divisions? How do you turn a profit of £11m into a loss of £5m? Apparently the top line falls £10m while OPEX is up £7m!!!!! I accept a one off write down of property £2.8m as part of the OPEX story

Guess I should attend the AGM
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 18/10/2023 21:40 by rolo7
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?!
Posted at 16/8/2023 10:52 by makinbuks
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
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 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 18/7/2023 09:15 by petewy
Good results. Share boost.
Posted at 24/5/2023 09:09 by davebowler
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.
Posted at 03/4/2023 11:30 by pvb
...Yes. Interesting. Mind you, STB's share price has not so far proven particularly dynamic.
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.
Arbuthnot Banking share price data is direct from the London Stock Exchange

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