Arbuthnot Banking Investors - ARBB

Arbuthnot Banking Investors - ARBB

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Stock Name Stock Symbol Market Stock Type
Arbuthnot Banking Group Plc ARBB London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 935.00 16:28:00
Open Price Low Price High Price Close Price Previous Close
935.00 935.00
more quote information »
Industry Sector

Top Investor Posts

topvest: Yes, I've already doubled up on STB! Both are run by very well respected and prudent management teams. Investor choice in this sector is Arbuthnot / Secure Trust at the most prudent end and the Woodford debt leveraged Non-Standard Finance / Provident Financial at the racy seat of the pants end of the banking spectrum. I know what i prefer at this point in the cycle!!
glawsiain: Mentioned on investors chronicle today: "Although shares in Arbuthnot Banking (ARBB) are riding at a 12-month high, chairman and chief executive Sir Henry Angest has decided to splash the cash, buying another 150,500 shares at a total cost of £2.15m to take his stake in the company from 55 per cent to 56 per cent. Sir Henry bought the additional share from the group's old Employee Share Option Plan (ESOP), which was replaced midway through last year by a new phantom share scheme. This means that the shares held in the old trust were no longer required to settle any options. The purchase comes just a week or two after the group announced results for the year ended 31 December 2016. Total operating income rose by a fifth to £41.5m, while the balance sheet also finished up in good shape. The group also retains an 18.6 per cent stake in Secure Trust Bank (STB), which is said to be worth £75m. "
caradog: Retsius The price will drop by £3 on ex-div day, give or take a few pence. This usually sparks a howl of protest from the few small investors who don't see that shares in a company that has given away £3 per share in cash are worth £3 less because the company has given them some of their money back. As you say, if you don't want the dividend now you could sell cum-div and buy a bigger holding ex-div - essentially swapping this dividend for increased future dividends. Or just sell and buy something else. Like you, I'm going wait and think for a bit... Sir H can afford good tax advice, I'm sure.
topvest: Yes, all a bit odd though that we miss out on the Secure Trust special dividend. I would have thought the 10% discount was sufficient for the new investors, but no...they get a 165p dividend as well. On balance, I'm a bit disappointed. This is the value event we were all looking for, but i would have preferred a dividend en specie of the entire Secure Trust holding rather than the shares being sold at a discount. Nevertheless, I'm happy to keep following Henry Angest.
webclick99: Sentiment towards finance stocks is rock bottom. I also hold in 1pm, they seemed to have found the bottom (I hope) after finally rallying 10% yesterday as they were so cheap! Buyers in 1pm just suddenly appeared. Hopefully the same will happen here. I'm going to top up, prior to results being announced, just need to time it right :) I'm sure Simon Thompson (Investors Chronicle) will do a write up after the results to give it a push up.
pvb: “I’m guessing [Mr Cohen and other investors are] probably taking a view that past performance is a likely indicator of future performance.” Hah! Of course, we don't know what Mr. Cohen's thinking is, do we? But here is what some of the insiders have been doing recently: Don't blame them, though!
spob: It has become obvious that Simon places far to much emphasis on hope and pie in the sky company broker forecasts rather than genuine value in his stock selections. It is also clear that he has no exit strategy to drop profitable positions early before they turn back down again When he included three Chinese aim stocks in his so called Benjamin Graham portfolio back in February, the writing was on the wall. Also he covers far to many companies. There are just never going to be that many stocks worthy of serious consideration. He is a professional magazine seller not a professional investor
trader_3: Investors Chronicle Tip 070314 Secure Trust Bank Aim is home to a great many companies, but few investors would expect to find a well capitalised and solidly growing UK focused retail bank among its number. But Secure Trust Bank (STB) has made a name for itself through a period of rapid but sustainable growth as its well funded operations have found themselves well placed to take business from retrenching and recalcitrant high street giants. Secure Trust had 325,000 customers in the middle of 2013 and its £366m loan book, primarily motor and personal loans, was offset by retail deposits of £380m-plus. There are drawbacks to Secure Trust's shares in that they are tightly held, with Arbuthnot Banking Group holding more than two thirds of the stock, and are quite pricey. But for those looking to lock away a good growth story, it could be tempting.
davebowler: Arbuthnot Banking Group PLC Sale of 580,000 of Secure Trust Bank PLC shares Arbuthnot Banking Group PLC ("Arbuthnot" or the "Group") today announces that it has sold 580,000 ordinary shares in Secure Trust Bank ("STB") to institutional investors, hence increasing the free float of its subsidiary and reducing its holding in STB from 70.7% to 67%. The Group will receive cash consideration of approximately GBP14.4 million net of costs from the placing of the shares to investors. This transaction is not expected to be accounted for as part of the profit before tax for the consolidated group accounts, but will directly increase the reserves and accordingly the regulatory capital resources of the Group. This will allow the Group to continue to invest in future growth opportunities that exist for both of its banks. The Group has also agreed not to sell further shares in STB until 13 June 2014 unless it has received prior approval from Cannacord Genuity Limited.
huttonr: Tipped in Investors Chronicle today
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