Arbuthnot Banking Share Discussion Threads

[mikeja] 22/7/2013 09:58

Papy,the shares held in Treasury are owned by the co.They may be issued in future but atm they should be deducted for capital purposes.

[davebowler] 22/7/2013 09:55

I suppose until they are cancelled they remain part of the capital structure?

[papy02] 20/7/2013 12:08

Is it correct to deduct the shares held in Treasury? I assume they haven't been cancelled(?) so could be returned to the market, and indeed are likely to be, via the executive incentive plans?

[mikeja] 19/7/2013 14:42

It is still a ridiculous discount

[davebowler] 19/7/2013 13:25

I stand corrected - you are right.

[mikeja] 19/7/2013 13:11

Dave,I make the current value of STB holding as £17.45ps.I get that by value of holding at £260m,70.7% of £368m,divided by 14.9m shares,15.3m issued less 400k held in treasury.Am open to correction of course.

[peladon] 17/7/2013 16:48

STB up 7% today. Good rise into new territory for ARBB with interims presumably only a few days away.

[davebowler] 17/7/2013 15:52

Arbuthnot's 70% holding in Secure Trust Bank alone is worth £18.40 per share.
Surely the rest of Arbuthnot is not worth minus £9!

[davebowler] 17/7/2013 12:27

STB is up yet again by 5% today yet ARBB is hardly moving.

[davebowler] 12/7/2013 16:08

STB is up another 5% today.

[mikeja] 27/6/2013 11:35

Just bought a few more,with recent rise in STB, holding is now worth £240m against mkt cap for ARBB of £135m

[pvb] 13/6/2013 15:49

Our 'enery getting some no doubt unwanted publicity today:



www.mirror.co.uk/news/uk-news/legal-loan-shark-henry-angest-1949278

[mikeja] 06/6/2013 18:08

currently holding in STB is worth £15 per share.

[davebowler] 05/6/2013 11:20

Thursday 9 May 2013.

At the meeting Henry Angest, Chairman made the following statement:

"Across the Group our businesses have started the year well.

Secure Trust Bank PLC ("Secure Trust") continued to trade well during the first few months of the year with strong levels of organic new lending. Motor finance volumes in April represented a new record month.

Everyday Loans is delivering a strong performance and new branches have been opened in Belfast and Ipswich, and a further branch will open shortly in Edinburgh. The V12 operations are being integrated with those of the existing Secure Trust Retail Finance business, and management see significant potential in this area as the retail market recovers. New senior sales staff are being recruited and the business expects to see further growth once a larger sales team is in place. The integration of Debt Managers (Services) Limited is progressing as anticipated.

Arbuthnot Latham is seeing good growth across all its lines of business as the new recruits start to gain traction in their markets. The bank has also obtained an agreement in principle to operate in Dubai, which should see Arbuthnot Latham open an office in the middle of the year offering wealth planning services initially to the expatriate population.

As previously mentioned both of our banks have applied to join the Funding for Lending Scheme ("FLS") and much progress has been made, but we still await precise terms for final admittance to the scheme. We continue to manage our liquidity with caution.

Both Secure Trust and Arbuthnot Latham are actively working on a pipeline of business development opportunities. But as always management remain prudent in assessing these opportunities, in particular taking into account the on-going uncertainties in the economy."

-ENDS-

[peladon] 09/5/2013 18:30

Tidy.


"RNS Number : 3788E

Arbuthnot Banking Group PLC

09 May 2013

PRESS RELEASE

For immediate release

9 May 2013

Arbuthnot Banking Group PLC

Annual General Meeting Statement - 2013

The Board of Arbuthnot Banking Group PLC (the "Group") announces today that shareholders approved all the resolutions proposed at the Annual General Meeting held today Thursday 9 May 2013.

At the meeting Henry Angest, Chairman made the following statement:

"Across the Group our businesses have started the year well.

Secure Trust Bank PLC ("Secure Trust") continued to trade well during the first few months of the year with strong levels of organic new lending. Motor finance volumes in April represented a new record month.

Everyday Loans is delivering a strong performance and new branches have been opened in Belfast and Ipswich, and a further branch will open shortly in Edinburgh. The V12 operations are being integrated with those of the existing Secure Trust Retail Finance business, and management see significant potential in this area as the retail market recovers. New senior sales staff are being recruited and the business expects to see further growth once a larger sales team is in place. The integration of Debt Managers (Services) Limited is progressing as anticipated.

Arbuthnot Latham is seeing good growth across all its lines of business as the new recruits start to gain traction in their markets. The bank has also obtained an agreement in principle to operate in Dubai, which should see Arbuthnot Latham open an office in the middle of the year offering wealth planning services initially to the expatriate population.

As previously mentioned both of our banks have applied to join the Funding for Lending Scheme ("FLS") and much progress has been made, but we still await precise terms for final admittance to the scheme. We continue to manage our liquidity with caution.

Both Secure Trust and Arbuthnot Latham are actively working on a pipeline of business development opportunities. But as always management remain prudent in assessing these opportunities, in particular taking into account the on-going uncertainties in the economy."

-ENDS- "

[mikeja] 30/4/2013 14:05

Probably most people know but this is now a SETS stock so bids can be entered inside the MMs quote.

[mikeja] 28/4/2013 17:08

Numis seem to have some difficulty in applying underlying earnings for 2013 and 2014.I am happy with the Edison estimate of 105 eps for 2014.Though this might be higher if STB makes further acquisitions.

[cnx] 21/3/2013 17:27

excellent growth,increased dividend, future looks sound. happy to stay with these long term

[davebowler] 21/3/2013 10:40

Arbuthnot Banking Group's pre-tax profits jumped to £12.6m in the year to the end of December - up from £5.1m in 2011 - and the dividend is up 1p at 25p per share.

Pre-tax profits at the private banking arm, Arbuthnot Latham, rose to £2.1m from £2.0m with customer loans up 21% at £289.3m and customer deposits growing by £74m to £495.7m.

Pre-tax profits at the retail banking arm, Secure Trust Bank, rose to £17.3m from £9.1m.

Chairman and chief executive Henry Angest said: "This has been a successful year for the Arbuthnot Banking Group and has thus strengthened the foundation for future growth."

[mikeja] 07/3/2013 14:42

Nice jump in STB today

[mikeja] 01/3/2013 16:56

Broken into new territory

[mikeja] 28/2/2013 17:03

Currently STB holding worth £210m against mkt cap of £135m

[mikeja] 28/2/2013 17:00

I don't think so trader.At worst STB will be on current cap basis and at best have cap requirements halved.In any case they can spin off a new bank and trade through that.