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CBG Close Brothers Group Plc

464.20
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Close Brothers Group Plc LSE:CBG London Ordinary Share GB0007668071 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 464.20 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
462.40 468.40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Asset - Backed Securities 1.01B 81.1M - -
Last Trade Time Trade Type Trade Size Trade Price Currency
17:43:58 O 10,631 458.764 GBX

Close Brothers (CBG) Latest News

Close Brothers (CBG) Discussions and Chat

Close Brothers Forums and Chat

Date Time Title Posts
23/4/202415:44CBG...A Banking Stock..........worth its weight in gold!!!!!!!1,170
15/2/202411:14Is Close Brother Up for a big rise17
15/3/202215:06Close Brothers151
11/4/200811:06A 'BLUE' BANK319
07/3/200809:41Winterflood Securities = Hidden Jewel224

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Close Brothers (CBG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
06:15:05458.7610,63148,771.20O
06:15:05458.501,8758,596.84O
06:15:05461.811,1245,190.74O
06:15:05464.2066306.37O
06:15:05464.201,1845,496.13O

Close Brothers (CBG) Top Chat Posts

Top Posts
Posted at 23/4/2024 09:20 by Close Brothers Daily Update
Close Brothers Group Plc is listed in the Asset - Backed Securities sector of the London Stock Exchange with ticker CBG. The last closing price for Close Brothers was 464.20p.
Close Brothers currently has 150,455,190 shares in issue. The market capitalisation of Close Brothers is -.
This morning CBG shares opened at -
Posted at 16/4/2024 04:05 by stoopid
There is a lot of waffle and wild speculation going on.No one knows a thing atm because CBG haven't released anything or made any provisions. Only LLOY have announced anything with a £450m write down/provision already, and they are up 15/20%.The big gamble with CBG will be when the FCA announce their investigation results and CBG make appropriate provisions and pay any fines.Pays your money takes your chances. Personally I have followed the big boys who will undoubtedly be more informed than this board and bought a fair few, well, for me that is. Before all this hit, CBG were undervalued at 780 because of all the provisions for various things including their disastrous foray into Novitas which cost £180m in provisions. Winterflood their asset management division has also underperformed. This has all now cleared the books. So, if CBG were undervalued at 780 and this FCA issue turns out to be a storm in a teacup then with 200m+ in profits 780 will seem cheap. If the FCA investigation is disastrous, then a lot of us holders will lose a lot.....
Posted at 16/3/2024 23:18 by 123trev
Popit precisely the share price should have risen it didn’t and lots of off book trades some for large amounts so it’s an educated guess there is no evidence the negotiations are private so I imagine for such a holding they set a price no other notifications were published. I don’t pretend to understand all the derivative instruments the market uses to manipulate share prices but it’s my best guess what’s your thoughts on it!
Posted at 16/3/2024 21:02 by popit
123Trev

You said the shares fell because BOA negotiated a price off book or between parties

What evidence have you for this? There is no mention anywhere on the internet that this was the reason for the large fall in the share price

BOA also seem to have taken a position of almost 7% in CBG

3.14% in shares and 3.7% in other financial instruments

I would have thought that a large stake building like this would have been more likely to increase the share price

So do you have any evidence that this large stake building was the reason for the large fall in the share price?
Posted at 11/3/2024 08:02 by karv1
For old shareholders this stock must really suck ,I'm sure in other countries they would of asked for some resignations due to the share price fall.
As new shareholders we are using this situation and bad news for a chance in a life time for a 75% discount on the share price and what could be the best paying dividend stock ever.
Excluding last few weeks this is the cheapest it been for 25 years.
The lloy statement would suggest the share price drop is overblown.
Posted at 27/2/2024 15:09 by karv1
This stock has been 1600 and excluding virus and Brexit has probably averaged around the 1200to 1500 over the last 5 years plus.
The company is sound with a 20% dividend even though it’s on hold currently, where else will you have the possibility of up to a 400% return including dividends in a possible time frame of 3 years…….
We do live in a world of total fear in uk of losing what ever we have, which has a compounding effect on the share price.
If this stock was in the states this stock would have dropped by 10% then rebounded straight back up while being valued at around 2 billion plus.
if a worst case share right issue happened in the states it would have dented the share price for a short time.
In the uk fear has driven the share price down so much that a worst case rights issue suddenly looks really dangerous to many which drives the share price down even more to ridiculous value.
On the positives side great buying opportunities.
Posted at 23/2/2024 21:03 by popit
It is not nonsense to say that a liability of £1 billion for CBG could require a rights issue or perhaps receivership and liquidation

What you have written however is real nonsense

"If it does turn out to be a storm in a teacup it will be confirmed in an RNS one morning and the price will gap up to the £9 a share NAV"

lol

How can CBG confirm their liability in a RNS ?

CBG have no clue what their liability will be

The FCA will tell CBG what their liability is some time later this year

CBG do not get to decide anything
Posted at 16/2/2024 23:02 by pj84
"flyfisher 12 Feb '24 - 17:01 - 626 of 727

Any opinions on dividend sustainability."

With hindsight a very prescient question which I didn't pay enough attention too. Having said that, given the reduction in share price that had already happened by the beginning of this week, I probably would still have decided to hold.

Now it is simply a case of waiting to see whether the outcome is better or worse than has already been priced into the share price.

If CBG ends up paying between £150m and £200m or less then I believe this will quickly rerate.
Posted at 01/2/2024 07:49 by wallywoo
Financial regulation and industry very different in ROI than UK. The acquisition will not be affected.


Market due to open down 0.5% today. Big test to see if the cbg share price holds up. Had a first buy at 532 a few days ago. Trading seems hopeful since then.
Posted at 25/1/2024 08:00 by jonnybig
Cbg should have cut the dividend last year following the huge provision as paying uncovered dividends can lead to problems.

Yet another huge provision and Cbg could get into serious trouble maintaining regulatory ratios, etc. One to avoid until Cbg release an update. No wonder the share price is in free fall.
Posted at 11/1/2024 17:12 by fevertreeman
Share price definitely weak because of FCA motor finance review. Also note the FD sold some today....clearly this is going to hit share prices. One of the best-managed players in the sector is S&U chaired by the inestimable Anthony Coombs, a doyen of the industry renowned for running a tight ship. The fact that at 2pm today he sold 6,500 at £22.50 suggests to me he sees a trading opportunity to buy back in lower. CBG could well get caught up in this & slither further given the prefect storm of Novitas, Winterflood's problems in small cap space & now this.
Close Brothers share price data is direct from the London Stock Exchange

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