CBG Group Share Discussion Threads

[mr kingsley2] 06/12/2006 14:19

Something must be on the cards

[green sand] 05/12/2006 15:10

And then we have Simon & Garfunkel

Hello darkness, my old friend
I've come to talk with you again
Because a vision softly creeping
Left its seeds while I was sleeping
And the vision that was planted in my brain
Still remains
Within the sound of silence



Ain't it nice when its quiet?

[helpjoe] 01/12/2006 12:47

Not heard anything but I've said for a while, if CBG make a nuisance of themselves they could/should become a target. The placing looks interesting guess theres another purchase on its way!

[mr kingsley2] 01/12/2006 12:41

higher volumes and price rising is a another take over on the cards.Or is CBG a takeover target? Anyone know anything.

[green sand] 29/11/2006 14:00

This time Alan Alexander Milne

Hush! Hush! Whisper who dares!
CBG is answering my prayers.

[green sand] 28/11/2006 10:00

Edit: - With respect to Frankie Valli

Silence is golden, but my eyes still see
Silence is golden, golden, but my eyes still see
CBG is cheap people will follow like sheep!

[bigman] 01/11/2006 07:03

yeah seen that GS decent comments and nice to see it tipped as a buy

[green sand] 23/10/2006 14:59

Been quiet for a while, I noticed that the good ole Chronic tipped CB. last Friday?

[green sand] 30/8/2006 12:58

According to my dubious calcs it appears that the lucky BT beneficiaries have increased their holding by 232k shares, representing an increase of 17%, a nice comment reflecting their view on the potential.

232k equates to about 1.6% of the shares in issue. So more news to come?

I still think that somebody had to sell a large holding to facilitate the trades of the last few days. This does not worry me. There are many differing institutional investment models. Some exit early, probably in from float with a pre-set target pocket a good profit and move on. Others are in for the long ride. Time will tell?

Good Luck

GS

[green sand] 29/8/2006 09:38

There has to be an RNS with that amount so time will tell. My trip to the stores was for a long weight!

Level 2 solid at 3 v 3, I think the deals at 102, could now serve to underpin the price. Should now be quiet awaiting the RNS, a possible further note from IdB and any more deals.

Good Luck

GS

[bigman] 27/8/2006 10:03

GS you think that the 17.5 is made up of buys and sells ? could it not be a 17.5 purchase and someone taking a big slice of the company in preparation for more ?
loved your explanation on green sand sounds interesting, my first job, first day i was sent to the stores to fetch a "big stand"......spent the rest of the day waiting outside the works stores ! a bit like some shares you think it makes sense at the time, when you buy but later..........

[green sand] 25/8/2006 15:36

Texas Holding 14.00% 1,352,400
BriTel fund 8.46% 817,236
M McDonald 6.07% 586,362
Possfund Noms 5.75% 555,450


M G Lewis (md) 2.50% 241,500
S J Mollekin (gfd) 71,600
L A Turnbull ch)3.45% 333,270
M R Askew (sls) 2.62% 253,092
S Darcy 3.53% 340,998
S Jackson 2.15% 207,690

[green sand] 25/8/2006 15:36

Latest majors that I can find are

Texas Holding 14.00% 1,352,400
BriTel fund 8.46% 817,236
M McDonald 6.07% 586,362
Possfund Noms 5.75% 555,450


M G Lewis (md) 2.50% 241,500
S J Mollekin (gfd) 71,600
L A Turnbull ch)3.45% 333,270
M R Askew (sls) 2.62% 253,092
S Darcy 3.53% 340,998
S Jackson 2.15% 207,690

Trades today now represent up to 17.5% of mkt cap, can't see that amount being held by mms so the deal looks to be about 8.5% in and out be interesting to see where they have gone and also where they came from. If correct and I wrong more often than not but it looks as though somebody has bought about 8% at 102p. Nice little commitment

[green sand] 25/8/2006 13:32

460k deal! I reckon thats about 4.7% so a good chance of getting an RNS?

Edit: and one or two more, but no share price move. News on its way?

[green sand] 25/8/2006 10:22

Good morning bigman, magic point about 15% organic growth, which is very strong. Noticed it but have not had chance to have a good look. However I seem to recall IdB basing their forecast on the acquisitions plus 3 to 4% organic growth? If so, big difference, and a very good chance that this year's forecast EPS of 7.2p could be well beaten?

Might see another IdB update?

Green Sand – is the term used for foundry moulding sand before it is used. Bit barking cos it is usually black, full of coal dust and other such sh*t! First job I had was to test the damn stuff; put mildly it was a hellhole.

I use the name to remind me to work hard at this game so I won't have to go back:-)

So far this year it doesn't seem to be working too well, but there again we do have CBG and it is still only August!

Have fun

GS

[bigman] 25/8/2006 08:31

agree with you GS the business is performing well, organic growth is 15% profits by nearly 120%, good point about tax charge, hey i have heard about yellow snow but green sand ?

[green sand] 22/8/2006 08:25

Nice!



Admin expenses below 80%, H1 Operating profit over 20% for the first time and what appears to be 39% tax charge, which could come down to 30% for the full year?

Well it all looks good, or am I being a little too naive.

If you haven't done so yet take a look at the I de B research notes that are now posted on the CBG web site

Good Luck

GS

[green sand] 11/8/2006 11:12

Today's announcement seems to further confirm the commitment to growth. Promoting a non-exec with corporate banking background to CEO can only bode well. He must know that there are good opportunities for progress on his watch.

Looking forward to the numbers on 22nd. Edit: - 22nd is early, 7th Sept last year. I usually like early results.



Good Luck

GS

[bigman] 18/7/2006 08:25

CBG GROUP PLC
(AIM: CB.)
JOINT VENTURE WITH FORMATION GROUP PLC

The Board of CBG Group plc ("CBG" or "the Company"), the Manchester based
insurance broker, financial adviser and healthcare specialist, is pleased to
announce that it has established CBG Sports Limited via a joint venture with
Kingsbridge Asset Management Limited ("Kingsbridge"), a wholly owned subsidiary
of Formation Group plc ("Formation").

HIGHLIGHTS

*Increased cross selling opportunities - enabling CBG to provide its range
of insurance services to Kingsbridge's existing client base;

*Potential to grow revenues by adding new high net worth clients in the
sporting arena; and

*The joint venture further strengthens the Company's brand name, as it
continues to focus on creating a broad-based insurance offering.


CBG Sports Limited is owned equally by CBG and Formation. It will provide
general insurance services to the existing clients of Kingsbridge and to new
clients in the sporting arena.

Kingsbridge provides wealth management services to a client base, which includes
professional footballers, managers and coaching staff from the 92 professional
football clubs. Kingsbridge currently advises over 600 UK based footballers,
managers and coaching staff.

In addition to its football clients, Kingsbridge also advises clients from other
sports such as rugby, cricket, golf and racing. Kingsbridge is an appointed
representative of CBG Carpenter Rees Jackson Limited, a wholly owned subsidiary
of the Company. The Chairman of CBG, Laurie Turnbull, is also a non-executive
director of Formation.

Commenting on the deal, Chairman Laurie Turnbull said: "This is a good deal for
both CBG and Formation. It enables Kingsbridge to complete its service offering
as a leading Sports and Entertainment wealth management company and allows CBG
to provide its insurance services including healthcare, asset protection and
personal injury to Kingsbridge's extensive and impressive client base of high
net worth personalities in sports and entertainment."

[bigman] 17/7/2006 07:30

Cbg Group Plc Acquisition
RNS Number:9314F
CBG Group Plc
10 July 2006


CBG Group plc "CBG"

10 July 2006

Acquisition of E T Knagg


CBG Group plc ("CBG" or "the Company"), the Manchester based insurance broker,
financial adviser and healthcare specialist, completed on 9 July 2006 the
acquisition of E T Knagg Group Limited, the holding company of E T Knagg & Co.
Limited ("E T Knagg"), a provider of general insurance broking services.

E T Knagg, based in Poulton-le-Fylde and with an office in Blackpool, services a
wide spread of clients on the Fylde coast and throughout the North West.

E T Knagg Group limited acts only as a holding company, does not prepare group
accounts and accordingly the following financial information is given for the
trading subsidiary, E T Knagg. E T Knagg, in its audited accounts for the year
ended 30 September 2005, reported turnover of #993,412 and loss before tax of
#96,893. Net assets at 30 September 2005 were #613. In November 2005, E T Knagg
Group Limited acquired the business of Chapman Hurst Insurances and the
beneficial effect of this acquisition on the turnover of E T Knagg, together
with cost savings achieved, has resulted in E T Knagg achieving more normal
levels of profitability.

E T Knagg will continue to operate from its existing premises but otherwise will
be fully integrated into CBG which will facilitate overhead reductions and
economies of scale. David Mackie, one of the vendors and currently Managing
Director of E T Knagg, has joined the board of CBG Insurance Brokers on
completion. The Directors believe significant cross selling opportunities will
be available to the Group particularly through CBG Carpenter Rees Jackson and
CBG Spencer Lavery Healthcare.

The total consideration payable to the vendors is #1,330,000, (maximum
#1,471,000), satisfied on completion, comprising the issue of 447,059 new
ordinary shares (locked in for a period of 12 months after completion) in CBG at
85p per share and #261,000 cash, resulting in an initial consideration of
#641,000. A further #335,000 (maximum #395,000) deferred consideration is
payable in August 2007, subject to E T Knagg achieving certain turnover levels
in the year following completion. A further #354,000 (maximum #435,000) deferred
consideration is payable in August 2008, subject to E T Knagg achieving certain
turnover levels in the second year following completion. Loan notes to the value
of the maximum deferred consideration of #830,000, subject to clawback if the
earnout amounts are determined to be lower than those anticipated above, have
been issued at completion. The deferred loan notes carry a nil coupon and are
convertible into CBG shares at the prevailing market price for a period up to 3
years after the earnout consideration amounts have been determined or are
otherwise redeemable in cash.

CBG is an established corporate intermediary, and through its insurance broking
arm, offers a range of services principally in the areas of commercial Insurance
and business risk management. Following the acquisition of E T Knagg, CBG
Insurance Broker's annual premiums will be over #35 million, further
strengthening its position amongst the top 30 UK independent brokers. A
specialist healthcare solution is provided by CBG Spencer Lavery Healthcare.
CBG's financial advisor business, CBG Carpenter Rees Jackson, offers a private
client solution to high net worth individuals centred on wealth management,
bespoke pension schemes, employee benefits and asset protection with over #90m
under management.

Commenting on the acquisition, Chairman Laurie Turnbull said "This is the third
significant acquisition for CBG this year and further demonstrates our
commitment to consolidation in the North West. In addition to our central hub in
Manchester, CBG now operates out of Liverpool, Burnley, Poulton-le-Fylde and
Blackpool."

Application has been made for the 447,059 new ordinary shares forming part of
the initial consideration to be admitted to trading on AIM and it is anticipated
that dealings will commence in the ordinary shares on 14 July 2006.


-ends-

[mr kingsley2] 13/7/2006 14:02

This i believe is the best aquisition cbg have made and the the others will be earning enancing.Tremendous business

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[mr kingsley2] 10/7/2006 14:35

New buying opportunity 94p

[mr kingsley2] 03/7/2006 17:07

watch this space

[helpjoe] 03/7/2006 16:55

I would have thought more aquisitions are a given with the history to date and alone will drive the price higher. Have always thought that this could be a target itself (see previous posts)if they grow too slowly or too quickly but, management seem quite shrewd. Anybody any further thoughts as this is only imho. Once the £1.30 achieved when and what would be the next level?

PS the monkey who made the strange trade today has messed up my charts!