Arbuthnot Banking Share Discussion Threads

[huttonr] 25/6/2016 09:33

Looking at the trades on ADVFN - 26 during the day.
However, I did think about bottom fishing but the offer prices did not drop very much - a wider spread especially early on - but I failed to see any bargain prices. So, I think that people are just assuming that Arbuthnot will carry on as usual - either that or perhaps they were still sleeping after sitting through the count reporting?

[retsius] 24/6/2016 17:31

Absolute shocker of a day on the markets.
Arbuthnot down 4.6% on just a few thousand transactions.
Any views?
R.

[pvb] 17/6/2016 17:37

25p special Interim dividend.

[retsius] 16/6/2016 11:35

Many thanks guys (girls?!) for your comments.

1. Agree that the share sale was timed very well in these uncertain times.The balance sheet must be one of the most robust in the Banking fraternity! Very comforting at the moment.

2.Felix99 .Very schrewd comments: was the purchase too expensive and why at this time?, price will be a lot less if Brexit wins,could it have been delayed until after the Referendum? Longer term ,property is better than gold, it's only going to go up. They have cash to pick up stock cheaply,that after all is a bedrock of good business deals.

3.Sir H.is a very clever business man and I am inclined to believe that this has been carefully thought through.

4.Still positive comments from ST ,always very encouraging.
R.

[felix99] 16/6/2016 10:11

yes that is my only caution - its a big property investment and if we Brexit I bet its worth a whole lot less overnight but then maybe that is reflected in the price - I have no idea if what they paid is a good price , OTT or a bargain.

[strathroyal] 16/6/2016 09:24

retsius - For now I am disappointed with the HO purchase as it appears very expensive and unnecessary for what is a small company. I expected that shareholders would receive a special dividend from the sale of such a large stake, as this is effectively what STB did on the sale of EDL and presumably Sir Henry was behind that.

On the other hand, as Felix comments, this does appear to be a good time to sell and yesterday's RNS from STB suggests a further disposal to come as, for ARBB not to exert any influence, they need to take their shareholding below 10%. So if they have a target in sight, the shares may yet prove to be undervalued but there's certainly no guarantee that Sir Henry can pull off the same trick twice.

[felix99] 16/6/2016 07:47

well I have to say they have picked a brilliant time to cash in - could be a lot of opportunities thrown up in the turmoil to use the cash. Out for now but if market gets hammered and this falls it will be on my shopping list.

[luckymouse] 15/6/2016 21:33

surprisingly firm

[retsius] 15/6/2016 17:58

Anyone with any thoughts on recent property purchase and/or sale of stake in Secure Trust?
Certainly in these uncertain times cash in the balance sheet is very reassuring.
R.

[retsius] 06/6/2016 15:21

Now if it can just hold this into the close
R.

[droid] 03/6/2016 12:18

Twas £19.

[caradog] 03/6/2016 11:06

I agree, worth over £1. A few digits missing from you quote? :)

[luckymouse] 01/6/2016 13:53

free stock charts from uk.advfn.com

[saucepan] 01/6/2016 13:46

Thanks, retsius; that should probably bring in some buying interest. ST has a good following.

[retsius] 01/6/2016 13:39

Very positive article about Arbuthnot by Simon Thomson in the IC today.
R.

[retsius] 27/5/2016 16:58

Sky ship
:-)

[skyship] 27/5/2016 13:47

No....because bought in March!

[retsius] 27/5/2016 11:05

Looking at morning trades,quite a few sells. Why on earth would you want to sell on this great announcement?
Please, before you all answer`beacause they need the money!`

[spob] 27/5/2016 09:23

Expect a positive update from ST on Monday or Tues

[retsius] 27/5/2016 09:23

Caradog
Agree that the special div for Arb. Shareholders was noticeably absent from any memo. A bit unclear.

However on re- reading the Annual accounts it states that a Special div. of 25p will be paid to Arb.holders on completion of the EDL sale. So we will just have to wait and see.

Sir Henry is a pretty shrewd operator and this sale on top of the EDL sale will bolster the balance sheet and provide a very 'satisfactory' set of accounts for the current financial year!

I await interest comments from Simon T in the IC. They should of course be very positive with this morning's news.

R.

[skyship] 27/5/2016 09:21

Time to sell is when there are a few buyers in town...

[saucepan] 27/5/2016 09:17

The market clearly likes this news, and I think that is all that is important. 1600p a crucial level to crack now.

[strathroyal] 27/5/2016 09:10

Some disappointment with the sale price but the market has never recognised the value of Arbuthnot's stake in STB anyway. Additionally i see that ARBB have the option to increase the amount of shares for sale if there is sufficient demand so 31.9% is the minmum amount to be sold.

Re the special dividend, I would expect shareholders to get some distribution from this sale and for that to be considerably more than 25p.

Overall, good for the company and us shareholders.