Arbuthnot Banking Share Discussion Threads

[makinbuks] 14/12/2022 08:52

No family succession? I'd be surprised

[rolo7] 13/12/2022 20:23

Directors are quite senior now I wonder if a takeover could be looked at.

[makinbuks] 13/12/2022 16:58

Someone buying in a thin market?

[rolo7] 13/12/2022 16:10

nice move up, interest rate rise news?

[chrisdgb] 14/10/2022 07:51

Nice top up from the Chairman.........

[chrisdgb] 12/10/2022 15:41

Good update note from Hardman, upped their blended target to 1810p...

[makinbuks] 05/10/2022 10:07

Yes, their message is rising rates is positive for us, inflation and recession would be bad but we have big buffers to cope. 10% up in the market but should go another 25% to £10 at least

[chrisdgb] 05/10/2022 08:05

Full year ahead of expectations, nice to see.....

[makinbuks] 06/9/2022 16:38

Agreed Chris, any sign of distress will be a great opportunity for ARB. the question is will they be nimble enough to take advantage

[chrisdgb] 06/9/2022 15:38

Macro concerns weighing here, frustrating as business in good shape......

[pvb] 27/7/2022 18:42

Err...

They do.

[makinbuks] 20/7/2022 08:45

Does anyone know why ARBB do not issue RNS's?

[chrisdgb] 19/7/2022 11:28

Agreed........

[makinbuks] 19/7/2022 11:25

With NAV at £13 and the focus on core assets surely this should be £10+

[makinbuks] 19/7/2022 11:24

"In the months of May and June the Group achieved underlying profitability of more than GBP2.0m per month."

Very encouraging

"Competition in the employment market is starting to result in accelerating increases in salaries in the market, as the cost-of-living crisis starts to interact with full employment. To this end, the Board decided at its recent meeting in July to award a one-off payment to all employees of GBP1,500 payable in September. This will total approximately GBP1m.

The Board has also noted the recent decision by the Financial Policy Committee ("FPC") of the Bank of England to press on with its plans to introduce the second increase of 1% in the countercyclical capital buffer, effective in July 2023. Confusingly, at the same time the committee encouraged banks to continue to lend into a possible recessionary economy."

Less so

[chrisdgb] 19/7/2022 09:38

Interims look OK......

[makinbuks] 26/5/2022 09:26

Long overdue

[chrisdgb] 26/5/2022 09:23

Yes, very reassuring and these interest rates are going to be a major benefit...Numis reiterate 1250p price target..

[rolo7] 25/5/2022 20:28

A nice trading statement not that i understood much of it

[chrisdgb] 13/5/2022 10:02

Yes, interest rate rises will be a real tailwind here....

[rolo7] 13/4/2022 21:29

Interesting value play this company with noticeable share volume of late interest rate rising will help them as they state in their results

[rolo7] 12/4/2022 22:15

That's Boris Becker ex tennis player hiding his money wonder if arbb will go after him? Jail for Boris!?

[chrisdgb] 07/4/2022 16:04

Nice looking note out from Hardman, blend of valuations gives £15.59 target.........

[km18] 25/3/2022 12:20

Arbuthnot Banking posted FY21 numbers yesterday. Profit before tax was up to £4.6m, EPS was up to 45.2p, a final dividend of 22p was declared. Customer loans increased 25% to £2bn, customer deposits increased 18% to £2.8bn, AUM increased 18% to £1.36bn driven by both strong net inflows and investment performance. The business grew solidly last year EPS was back to a high since FY15 and dividends were reinstated, so the business is moving back in the right direction. Valuation isn’t particularly helpful with forward PE ratio at 20. PS ratio is a little more attractive and at 1.6 is mid-range for the Banking Services market. The balance sheet is healthy, assets are growing solidly. Share price is also moving back higher in 2022 so far, so there is some near term momentum. But the bank hasn’t always been profitable. Not a bad outfit, but no compelling case to buy, rather one to monitor for the time being....

...from WealthOracleAM

[topvest] 24/3/2022 21:02

Yes, agreed. Profitability needs to improve. Cost base seems quite high. Always a well run and "safe" bank, but needs to start delivering. Secure Trust Bank is better in my view, and they sold that down.