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ARBB Arbuthnot Banking Group PLC

-10.00 (-1.02%)
01 Dec 2023 - Closed
Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Arbuthnot Banking Group PLC AQSE:ARBB Aquis Stock Exchange Ordinary Share GB0007922338
  Price Change % Change Share Price Shares Traded Last Trade
  -10.00 -1.02% 972.50 0.00 16:29:57
Bid Price Offer Price High Price Low Price Open Price
880.00 1,080.00 982.50 945.00 982.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Last Trade Time Trade Type Trade Size Trade Price Currency
- 0 972.50 GBX

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Arbuthnot Banking (ARBB) Most Recent Trades

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Posted at 18/10/2023 20:40 by rolo7
trading statement in the morning chart does not look great, raised 12million early in year above these share price levels, could directors take this private, proabably would if not a bank?!
Posted at 16/8/2023 09:52 by makinbuks
Possibly, the trouble is this share just isn't very well marketed. The results were great and we saw a nice jump but what's the next catalyst? Strategically ARB is a niche player in several banking sub sectors but that comes across as a bit confused and rather at the whim of the owner. Consolidation is quite possible and I could see ARB being taken out, possibly as a solution to Henry's retirement
Posted at 19/7/2023 08:34 by 1tx
Remarkable that ARBB managed to produce accounts in 18 days from period end.True that interim figures do not need an audit;but I have not seen interim figures produced so quickly.....Is this a record?
Posted at 18/7/2023 13:14 by km18
Arbuthnot Banking Group plc posted unaudited Interims for the HY ended 30th June this morning. Customer loans increased by 7% yoy to £2.3b., customer deposits were up 16% yoy to £3.3b. while AUM were up 6% to £1.4b. PBT increased to £26.4m for the six months to 30 June 2023 (30 June 2022: £3.4m), EPS surged to 129.4p (30 June 2022: 17.8p). Both were boosted by widening Net interest margins which have benefitted due to the rising BoE bank rate. Even higher interest rates are likely through the remainder of 2023 and 2024 suggesting that profits should remain well supported in the near term. A return to the ultra-low interest rate environment of the past decade is also unlikely suggesting that the medium-term outlook is increasingly favourable for banks. Valuation is very attractive with forward PE ratio at 4.5x comfortably top quartile for the Banking Services sector. The bank is `strengthening with CET1 capital ratio up to 12.2% from 11.4% a year earlier. Share price has spiked up 16% today and is developing some solid momentum. BUY...

...from WealthOracle
Posted at 18/7/2023 08:15 by petewy
Good results. Share boost.
Posted at 24/5/2023 08:09 by davebowler
Shore Capital

Summary. Arbuthnot has issued a positive trading update, covering four months to 30 April, ahead of an AGM later today. The statement conveys a good start to FY23F. The company continues to benefit from rising interest rates, whereby the increase in deposit costs lags the upward repricing of assets. Loan growth has moderated slightly following a tightening of credit criteria whilst deposit balances have continued to grow. A £12m fundraise in April has increased surplus capital and liquidity, providing the company with significant optionality to seize opportunities emerging from market disruption, particularly if uncertainty prevails in the non-bank space. Part of the proceeds have been used to purchase £42m of assets (at a discount to book value) for the Asset Alliance vehicle leasing business. With a prevailing fair value estimate of 1640p, we continue to see ARBB’s valuation as undemanding with trailing P/TNAV at 0.8x against a business able to sustain a low/mid-teens RoTE, with further support from dividends yielding c.5%. HOUSE STOCK. Forecasts. We will review our forecasts shortly to incorporate recent changes in the UK base rate, the April fundraise and Asset Alliance’s acquisition of operating lease assets. We continue to envisage positive momentum in forecasts even after publishing five material upgrades over the past year, the last of which followed FY22 results on 30 March: Resilient deposits & abundant liquidity. Detail. Loan balances including lease assets at 30 April were £2,234m, +1% compared to 31 Dec and +8% YoY. Deposits at 30 April were £3,255m, +4% YTD and +18% YoY. AuM in the wealth division was £1,376m, +4% YTD and +2% YoY. ARBB remains focused on client service and longterm relationship building to drive sustainable deposit and loan growth. The capture of spread through deposits (i.e. slower upward repricing vs. base rate increases) reflects the mix, which includes current and relationship accounts. ARBB continues to focus on balance sheet efficiency, allowing capital intensive lending to mature and roll off, to be replaced by more capital efficient lending. The challenging macroeconomic environment is resulting in some signs of loan book stress, however given low average LTVs across the overall book, defaults are not expected to entail meaningful incremental losses.
Posted at 03/4/2023 15:53 by makinbuks
Don't disagree with your analysis Rolo and certainly ARBB is looking value here but a PE of 4 - 6 is probably about right for the sector bearing in mind interest rates are likely to fall again in 2024 and the credit squeeze will increase bad debts
Posted at 03/4/2023 10:30 by pvb
...Yes. Interesting. Mind you, STB's share price has not so far proven particularly dynamic.
Posted at 03/4/2023 09:22 by 1tx
I don't think when ARBB bought the prime King St property they could have anticipated Lockdown & the effect this would have on office property values.In the circumstances they did well to get the price they did;in general office properties have declined by a far greater percentage in value and are difficult to sell.The quality/location of the property minimised the loss.

Although ARBB is valued at a big discount to book NAV;its PE is higher than some others in this sector.The illiquid nature of the share probably limits interest;but on the other hand our Chairman Sir Henry Angest with a 56% holding,around £90m, certainly has a lot more at stake than we have and has been here and built the company up since it was a very small operation in Birmingham over most of his working life.
Posted at 23/2/2023 18:38 by c3479z
how do they come out with an above expectation announcement and the share price doesn't move...?
Arbuthnot Banking share price data is direct from the London Stock Exchange

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