Close Brothers Share Discussion Threads

[its the oxman] 19/8/2014 09:44

Looking like we will have to wait till 23rd Sep results to push this higher.

[its the oxman] 07/8/2014 00:03

No respite yet. Summer blues well and truly in charge but our time will come.

[topvest] 06/8/2014 14:01

Well I've finally bought some of these. A quality stock if there ever was one.

[woodcutter] 01/8/2014 09:58

absolute panic!

The good getting dragged down with the bad again and on little volume

a further buying opportunity will soon be upon us.

Woody

[woodcutter] 25/7/2014 09:53

OX i figure it's being held back by all the c*ap flowing into the media regarding libor fixing etc. There's more today:

Bailed-out Lloyds Banking Group appears poised to become the latest financial firm to be penalised for rigging Libor and is said to be facing a fine of between £200m and £300m. The bank, 24% owned by the taxpayer, is expected to pay the fine to the City regulator, the Financial Conduct Authority, as well as regulators in the US, which are involved the extensive investigation into the potential rigging of the benchmark interest rate. - The Guardian

Barclays is attempting to have fraud allegations surrounding its so-called 'dark pool' trading platform thrown out of court. The British bank on Thursday filed a motion to have the major lawsuit, from Eric Schneiderman, the New York Attorney General, dismissed. Mr Schneiderman, the leading law official for the state of New York, alleged that the bank had engaged in "a flagrant pattern of fraud, deception and dishonesty with Barclays clients and the investing public".- The Telegraph


We need to see an end to all this. Then, once the gloom is lifted financials will rally imho. Now is the time to be buying the better players like CBG imv.

No advice intended but have a look at LRE, also very undervalued. I've posted a few times on the thread you can pick up my thoughts there.

aimho, dyor etc.

Woody

post note : i think you may have already posted on LRE.

[its the oxman] 25/7/2014 09:05

Broker Cannacord Genuity - 1800p target. That would be nice come the year end.

[its the oxman] 24/7/2014 20:42

Hope your right Woody. TS very positive. A little respite for the financials and this will be 1400p in no time.

[woodcutter] 24/7/2014 11:58

looks a decent TS to me. CBG continues to move inline with the banking sector after todays news. There was a clear reversal signal confirmed around my last purchase.

It needs to move above 1300p and possibly around 1320p to break out of the down trend channel. Given the right signals will add on sustained breakout or at the bottom of the current channel, particularly with current yield around 4%.

Woody

[woodcutter] 14/7/2014 10:38

Added at 1239p looks well oversold given forecast eps next year of around 116p for a per of 10.6 which is historically low. Solid loan book with growth in house loans and car finance too. Seems to have been dragged down with the general banking sector which looks harsh for a niche well managed investment bank.

price broke through the symmetrical triangle and has formed a desecnding triangle which will usually break in the direction of the trend but it's sitting on a good potential support level and the inverted hammer developing today gives some confidence so it may well have bottomed, not without risk though. The business fundamentals are strong and it looks undervalued imv.

sp also has a history of declining prior to results for the last several years and a current yield of 4% if forecast is met.

aimho dyor etc.

[its the oxman] 24/6/2014 10:42

Added again 1275p. Hoping for a big upturn by year end.

[woodcutter] 19/6/2014 16:53

The banking sector began it's downturn prior to CBG and has begun it's uptrend earlier too. With the triangle forming it has to hold above approx 1315p or it may well drop further. Triangles/pennants more often than not move/breakout in the trend direction.

aimho Woody

[its the oxman] 23/5/2014 07:54

Confident of delivering a strong result for the year. Sounds good to me.

[ygor706] 23/5/2014 07:34

Positive update this morning which should underpin the share price

[its the oxman] 19/5/2014 16:24

Agree market sell off re many stocks that have had a good run. CBG caught up but hoping next trading update should get us firmly back on track.

[thamestrader] 17/5/2014 09:08

At first I thought it might have been something to do with the recent distribution, but as these were from treasury and not new shares that doesn't mean any dilution.

My portfolio has tanked the last few days, despite the FTSE being at high. There must be some sectors doing really well that I am just not in. My only risers yesterday were defensives (supermarkets, utilites).

[w0z] 17/5/2014 00:53

I'll keep fingers toes and legs crossed if it helps!
Does anyone have a theory as to why these fell over 9pc in 2 days?

[its the oxman] 16/5/2014 14:09

Also topped up. Fingers crossed.

[whilstev] 16/5/2014 13:56

Well I have bought a further small stake at 1278.

[whilstev] 16/5/2014 10:23

The current fall looking a bit overdone to me, starting to look good value again. May top up with Q3 trading update due a week today, this could bounce back nicely if everything continues to look ok.

[woodcutter] 03/4/2014 11:02

aberdeen asset management increased their holding from around 4m to over 11.5m shares, that's quite a raid on the piggy bank. picked them up from lloyds by the looks of it.

[woodcutter] 02/4/2014 09:18

added on the dip this morning

WC

[woodcutter] 26/3/2014 10:10

Taken a position here this morning. Results look very strong, decent yield, good margins solid business, well capitalised bank imv. Looking at ARBB too.

Woody

[whilstev] 11/3/2014 10:52

Share price pretty much up with events don't see big upside from here but a very solid hold for me.

[its the oxman] 11/3/2014 09:40

Solid trading update. Big div hike. Good times returning. Plenty more upside as delivery looks set to continue.