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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Cbg Group | CB. | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 29.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 29.50 | 29.50 |
| Top Posts |
|---|
Posted at 02/6/2011 17:30 by longshanks Anyone else monitoring this?A new institutional investor announced today: Hiscox has sold its stake to Polar Capital. Is this the start of a recovery? At £3.3m market cap - £1.2m cash (as of last December), operating profitably and paying a 3.5% dividend this must have some potential. Only blot is the shameful state of their balance sheet with short term liabilities not adequately covered by current assets. They have a crunch renegotiation of a £2.3m bank loan due in August. If that is dealt with then this should dramatically improve sentiment (maybe why PC have bought a stake at this point). Company has just moved their brokerage wing into brand new offices in Blackpool and are talking about a "recruitment drive" later in the year. I have built a decent stake in this over the last four months and will be continuing to increase my holdings whilst the price is below 22p. There is no broker coverage but based on performance last year I am expecting EPS of 5p for this year giving a forward PER of less than 5. Should be good for a hike in the share price to 50p or 60p on that basis - esp if sector sentiment improves. |
Posted at 20/12/2010 16:47 by palmist1 I'd be amazed if the divi is paid whilst Darcy still holds 688k of shares, they won't want him or his other half to get an extra penny. |
Posted at 17/12/2010 14:09 by longshanks At the interims, cash flow still looked very good but the acid test (current assets/liabilities) was looking a bit weak. They have hemorrhaged senior management (who may now be competing) but it looks like the business is still quite sound and I would say dividend is secure (only 0.7p last year).I'd say they have plans to sell off or close one of their trading divisions to (sic) improve profitability and shareholder value. Getting close to a point where I would start making a punt on this for recovery. |
Posted at 17/12/2010 12:35 by grahamty Anyone tell me if active discussion on CBG on another Bulletin Board ? Would love to know what is going on here. And after todays statement, what are they pointing us towards ? Still traded profitably in 2H ? At operating level, EBITDA, pre tax ??? With c £200-300k profit in 1H, does that suggest £200-250k+ for full year, which might at least be 1.5p of earnings ? And no comment on maintaining the divi ? Any insight ? |
Posted at 02/6/2009 12:15 by green sand Hiscox see value for their Insurance Portfolio FundGood luck GS |
Posted at 20/8/2008 16:49 by green sand Eh up, Bigman, looks like the Technical Director followed your lead and picked up a few yesterday as well:-)Good luck |
Posted at 15/10/2007 11:55 by bigman thanks Geovest interesting views not so sure about BNH not being built on acquistions as from the accounts I see they spent £14M on them last year and £4m the year before, that is quite a lot of supplimention. That is why I like them as the consolodation by acquistion builds the size quickly that results in the increased margins and you supliment that with growth rather than the otherway round, From last accounts CBG say 21% increase from continuing operations and over 17% organic growth, that is impressive. Re HWY do you not think it is bottom of cycle been and gone and rates are only way to go is up. I agree with you totally on THB maybe they should be bought by BNH. I like the dividend and when you see what was paid for carol nash then THB HWY have lots of value in the share price. IMHO |
Posted at 15/10/2007 10:04 by bigman take your point on jelf but i think there is value in the share price, things will develop if BNH is taken out. geovest what is your view on THB this delivers me a nice dividend and helps balance my portfolio of capital growth and investment income. HWY i really like after CBG for potential for gains. |
Posted at 12/10/2007 09:09 by bigman YAHOO Broker network BNH announce approach shares up over 8% this morning after a great run up-you just cant have enough insurance in your portfolio- will cb. be next- certainly will wake a few investors up to the fact- you cant have enough insurance in your portfolio |
Posted at 11/10/2007 21:42 by bigman Well manfrompru I am even more impressed by the performance of this team as you seem to indicate the deal they did in Feb 06 was not a good one and since then we have had 06 half year results record highs acroos the board full year results 06 record highs at every level and yett again at half year 07 record results so all in all i think it was a good deal as the results show that. we have seen the share pricegrowth of nearly 300% since then as well. not sure about what you other points are about but as you are manfrompru i guess it is an insurance thing. you just cant have enough insurance in your portfolio and cb. is quality the numbers they deliver confirm that IMHO |
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