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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Arbuthnot Banking Group PLC | AQSE:ARBB | Aquis Stock Exchange | Ordinary Share | GB0007922338 | Ordinary Shares 1p |
| Price Change | % Change | Share Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|
| 0.00 | 0.00% | 930.00 | 0.00 | 15:29:24 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 850.00 | 1,050.00 | 950.00 | 910.00 | 930.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | 0 | 930.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 19/12/2023 | 14:06 | UKREG | Arbuthnot Banking Group PLC Renewal of Tier 2 Regulatory Capital Loan.. |
| 05/12/2023 | 12:47 | UKREG | Arbuthnot Banking Group PLC Director/PDMR Shareholding |
| 30/10/2023 | 10:34 | UKREG | Arbuthnot Banking Group PLC Director/PDMR Shareholding |
| 26/10/2023 | 10:05 | UKREG | Arbuthnot Banking Group PLC Director/PDMR Shareholding |
| 19/10/2023 | 07:00 | UKREG | Arbuthnot Banking Group PLC Third Quarter 2023 Trading Update |
Arbuthnot Banking (ARBB) Share Charts1 Year Arbuthnot Banking Chart |
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1 Month Arbuthnot Banking Chart |
Intraday Arbuthnot Banking Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 02/8/2024 | 23:17 | Arbuthnot | 595 |
| 30/7/2024 | 13:01 | Arbuthnot | 51 |
| 21/1/2021 | 15:42 | *** Arbuthnot *** | 2 |
| 20/10/2005 | 17:24 | ii | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 30/7/2024 13:01 by davebowler Our multiple approaches see a broad range of valuations: £13.85 DDM, £22.69 SOTP and £23.35 GGM. The average is £19.98, nearly double the current share price. Trading at 62% of NAV is anomalous, in our view, with above the cost of capital returns (target mid-teens pre-tax ROCE) and given ABG’s growth potential. ► Risks: Margins may have peaked now, with the trend, and level, of interest rates a key driver to earnings. A higher-for-longer outlook would assist earnings. Credit is a risk, but ABG is conservative in lending, taking good security; so, its loss, given default, is low. Other risks: reputation, regulation and compliance. ► Investment summary: ABG offers strong-franchise and continuing-business (normalised) profit growth. Its balance sheet strength gives it a number of wideranging options to develop organic and inorganic opportunities. The latter are likely to increase in uncertain times. Management has been innovative, but also very conservative, in managing risk. Having a profitable, well-funded, well-capitalised and strongly growing bank priced below book value is an anomaly, in our view. |
Posted at 23/7/2024 17:56 by pvb 23 July 2024ARBUTHNOT BANKING GROUP PLC ("Arbuthnot", "the Company", "the Group" or "ABG") Unaudited results for the six months to 30 June 2024 Arbuthnot Banking Group PLC today announces a half yearly profit before tax of £20.8m. FINANCIAL HIGHLIGHTS ● Profit before tax of £20.8m for the six months to 30 June 2024 (30 June 2023: £26.4m), as expected, as existing fixed rate deposits have continued to reprice onto higher terms as they are renewed. ● Underlying profit before tax of £20.8m (30 June 2023: £29.3m)*. ● Earnings per share of 94.6p (30 June 2023: 129.4p; 31 December 2023: 222.8p). ● CET1 capital ratio of 11.6% (30 June 2023: 12.2%; 31 December 2023: 13.0%) and total capital ratio of 13.6% (30 June 2023: 14.5%; 31 December 2023: 15.2%). ● Interim dividend of 20p per share previously announced and already paid in June (30 June 2023: 19p per share). ● Special dividend of 20p per share previously announced and already paid in June. ● Net assets per share at 30 June 2024 of £15.75 (30 June 2023: £14.70; 31 December 2023: £15.47). |
Posted at 30/5/2024 16:27 by pvb 30 May 2024Arbuthnot Banking Group PLC Notification of Special and Interim Dividends The Board of Arbuthnot Banking Group PLC ("Arbuthnot" or the "Group") is today pleased to announce that, following the recent strong performance of the Group, it has approved the distribution to shareholders of a special dividend of 20p per Ordinary Share and Ordinary Non-Voting Share. The Board has also determined to pay its interim dividend for the year ending 31 December 2024 at the same time and, given its confidence in the prospects of the Group, to increase the interim dividend to 20p, being an increase of 1p over the interim dividend paid in 2023. The two dividends totalling 40p per Ordinary Share and Ordinary Non-Voting Share will be paid on 20 June 2024 to shareholders on the register on 7 June 2024. The ex-dividend date is 6 June 2024. |
Posted at 29/4/2024 11:57 by davebowler Shore Capital-Profitability to normalise in FY24F Arbuthnot (ARBB) has continued to demonstrate the strength of its commercial and private banking franchise as an engine to accumulate low-cost deposits, funding high-yield asset growth via the specialist lending subsidiaries. Over the past two years, rising interest rates have driven a steep NIM-led upgrade cycle. Assuming the tightening cycle has peaked, we expect “supernormal&# |
Posted at 28/3/2024 17:17 by makinbuks Yes all seems good at Group level, and as always BV of 1547p is eye wateringly higher than the share priceHowever, reading on. Wealth Management loses £4m on income of £11m both this year and last (broadly) Why continue this activity? Similarly Bus and truck finance loses £3.2m on revenue of £100m considerably worse than prior year despite a positive comparison on provisions And what on earth happens in Other Divisions? How do you turn a profit of £11m into a loss of £5m? Apparently the top line falls £10m while OPEX is up £7m!!!!! I accept a one off write down of property £2.8m as part of the OPEX story Guess I should attend the AGM |
Posted at 28/3/2024 15:31 by pvb A good set of results today:FINANCIAL HIGHLIGHTS Profit Before Tax of £47.1m (2022: £20.0m), an increase of 135% · Operating income increased to £178.9m (2022: £137.4m) · Average net margin of 5.7% (2022: 5.1%) · Earnings per share increased by 103% to 222.8p (2022: 109.6p) · Final dividend declared increased by 2p to 27p (2022: 25p) · Total dividend per share for the year of 46p (2022: 42p), an increase of 10% · Net assets of £252.4m (2022: £212.0m) · Year-end net assets per share of 1547p (2022: 1411p) · CET1 ratio of 13.0% (2022: 11.6%) and total capital ratio of 15.2% (2022: 14.0%), well above the Group's minimum requirements · Substantial surplus liquidity at the year-end of £962m above the regulatory minimum (2022: £535m) |
Posted at 18/10/2023 21:40 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 19/7/2023 09:34 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 14:14 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 24/5/2023 09:09 by davebowler Shore CapitalSummary. 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. |
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