Close Brothers Share Discussion Threads

[lord gnome] 21/5/2012 19:56

I bought them as an income stock. I am retired and primarily I invest to generate income to supplement my pension. I view them as a safe hold with a safe, reasonable and hopefully growing dividend. It is the market that is messing about with the share price, not the company going through bad times. I would sell only if the share price was so good that the yield fell to below 5%. I would then reinvest to generate an increased dividend return. I will not be selling out at this depressed level.
I paid 667.5p for mine and the opening yield was 5.95%. With the last divi increase my rolling yield is now 6.03%. Can't complain except that I would rather the share price was back north of £8.

[cnx] 21/5/2012 16:52

lord G

i've held these for 5 years as a dividend income share, but now consider them a classy hold in my financials portfolio. also hold hsba, stan and arbb
how do you view them?

[lord gnome] 17/5/2012 07:36

Another post to myself! Solid IMS this morning. Nothing there to scare the horses. Nothing to get the pulse racing either, but a very 'steady as she goes with some progress' type of update. A solid if unexciting investment, but certainly not one to sell at these depressed levels.

[lord gnome] 13/3/2012 17:11

A set of pedestrian interims with a small increase in the divi seem to have been well-received by the market. Quite a jump at the close of play. Looks like I could see my 850 target if this continues.

[lord gnome] 22/2/2012 18:02

And right on cue it hits 750 before falling back slightly. I reckon we could go on to hit 800+ pre-results if this favourable market continues. This time last year it hit around 850. That could be a signal for a very handsome trading sell.

[lord gnome] 17/2/2012 10:20

Looks like a good run could be starting in the lead-up to interim results next month. 750p first stop?

[topvest] 20/1/2012 13:01

Still watching CBG. It seems to me that they have a rather eclectic group of businesses. The banking business has good prospects, but might be better valued by the market on its own without secuities and asset management. I would have thought a demerger makes some sense. Anyway, I'm looking to buy at £5 if they fall to that price. Expect some shakey weeks ahead when the Euro crisis finally gets investors panicking again. Looks like we are still in a new year rally prior to reality taking hold.

[philo124] 20/1/2012 11:35

CS just out with buy note; target 1180p LOL!

[lord gnome] 20/1/2012 09:05

Interesting. An initial shakeout of weak holders and then the price moves up. We now seem to be sitting right on the support / resistance line, so the next move will be the one that tells. I doubt we'll get much higher from here but I will be more than happy to get this call wrong.

[aleks_atanasov] 20/1/2012 07:27

it might even get back to 600 as can be seen on chart someone was speculating the results would be good from the beginning of this month. now that someone needs to get out - quick.

[lord gnome] 20/1/2012 07:23

Nothing new in today's statement. I can't see anything to inspire the markets. I was hoping for better. The 675 level that once provided solid support for the shares now looks like a ceiling. I can't see us getting back through that until the outlook improves.

[lord gnome] 26/11/2011 16:07

The only reason that I can think of is that the market has been indiscriminate in the way it has down graded banks and other financial stocks recently because of sovereign debt worries. Quality will out eventually, I am sure, but it will be a worrying time for holders.

[cnx] 26/11/2011 10:33

L G

the drop is very steep and no news

do you have any ideas? the last report was cautiously optimistic if a bit uncertain

[lord gnome] 23/11/2011 15:51

Falling fast, falling heavy and no sign of it stopping.

[lord gnome] 07/10/2011 14:50

Yes, the charts told the story. Hopefully we will remain strong into Tuesday's close before we go ex-div on Wednesday morning.

[deadly] 06/10/2011 09:27

Looks like you timed your buy well.
Now bounced off multiple bottoms!
This is a bank unlike the rest.

[lord gnome] 30/9/2011 14:57

Anyone still alive on here? If so, I've just joined with a first batch at 667.5p. Looks to be the bottom of the recent trading range and due to go ex-div next month. May be a short term trade or may be the beginning of a long relationship.

[philo124] 04/5/2011 10:00

Nice recovery!

[philo124] 15/3/2011 08:04

Results Out.

[l376233] 27/2/2011 18:50

The fund manager currently has around 19% outside of the UK and is using the allocation to gain geographical diversification of the banking recovery theme. While he favours Lloyds in the UK, he is backing Nomura, Citigroup along with Close Brothers.

Commenting on the attraction of Close, he said: 'Close Brothers has no legacy issues and because no-one else has wanted to lend, they are growing their lending book at 20% per annum. This is growing at attractive margins because the margins on lending are very high at the moment compared to historical levels.'

[philo124] 21/1/2011 12:07

GREAT UPDATE, 1090P TARGET. SPAIN NOT GOING TO COLLAPSE ACCORDING TO GOLDMANS,LOL.

[philo124] 05/1/2011 08:26

ONWARDS TO £10 BEFORE spain Collaspses hopefully!

[panachegrp] 05/1/2011 07:40

Beefing up the Board yesterday...that's a good sign. Adds a bit of credit to the rumours of a takeover by the Indians