Arbuthnot Banking Share Discussion Threads

[huttonr] 06/12/2013 09:26

Tipped in Investors Chronicle today

[mikeja] 22/11/2013 11:10

STB scaling 25,ARBB holding now worth 18.75ps

[mikeja] 11/11/2013 17:11

Could also be another acquisition by STB

[pvb] 11/11/2013 15:46

Only thing easily imaginable as being "up" is if ARBB are considering floating some more, or all, of their STB holding.

Seems the kind of thing that is popular at the moment.

[mikeja] 11/11/2013 14:52

STB also up-Developments?

[mikeja] 11/11/2013 14:51

STB also up-Developments?

[mikeja] 11/11/2013 14:50

Share price going berserk now 1215 bid

[pvb] 22/10/2013 17:49

I think he can afford it!

[mikeja] 18/10/2013 16:48

See chairman made modest purchase

[mikeja] 18/10/2013 14:29

New all time high,still cheap in relation to STB holding

[gumble] 18/10/2013 07:52

17 October 2013

Arbuthnot Banking Group PLC

Completion of sale and leaseback and declaration of a special dividend

As previously announced on 4 October 2013, Arbuthnot Banking Group PLC is pleased to announce that it has completed the sale of 7-21 Wilson Street, London EC2M 2TD.

The Board now confirms that it has declared a special dividend of 18 pence (gross) per ordinary share to mark the 180 year anniversary of Arbuthnot Latham & Co., Limited. The dividend will be paid on 22 November 2013 to shareholders on the register at 25 October 2013

[pvb] 14/10/2013 19:19

GMS BRICKS - discretionary investment management _company.

They seem to keep a low profile, haven't found them on the web.

[huttonr] 14/10/2013 18:18

Idle curiosity - who is GMS BRICKS? and who owns it?

[pvb] 04/10/2013 09:55

18p Special dividend in the offing.

[cnx] 04/10/2013 04:04

at close on 3 oct,

arbb owns 70.7% of stb with a market cap gbp349million ,so
70.7% x 349 is gbp247 million

arbb closed at gbp9.07 with market cap of gbp135million

any thoughts on how to really benefit from this anomaly in realistic practical way?

long term holder of arbb

[huttonr] 03/10/2013 18:11

Today's drop seems excessive - STB has remained at about 2200 - very little trading - so why?

[mikeja] 04/9/2013 14:44

Just picked up some very cheap stock at 960 and 965,STB stake worth 16.50 per ARBB share

[pvb] 21/8/2013 12:53

Whoops! But no bad news so far. Guess it is just reacting as per the market, particularly after such a large ramp upwards over the last few months.

[mikeja] 13/8/2013 14:21

Well bid atm.

[papy02] 10/8/2013 15:25

cnx, yes you are correct.

The value of ARBB's holding in STB is £16.5 per ARBB share (at current STB mid-price). ARBB's share price is at a 41% discount to this (at the current mid of £9.7).

So the rest of ARBB is effectively being valued at minus £101m. I can't see any justification for this.

(If anyone gets different numbers, please let us know. I *have* allowed for the ARBB shares held in Treasury this time ;-)

[cnx] 10/8/2013 12:03

I think the arbb holding in stb is worth more than the share price of arbb, so arbb is at a large discount to its nav. am I correct in my thinking?

[pvb] 09/8/2013 16:55

The media flurry about Pay Day Loan companies seems to have died a death for now. Everyday Loans is, of course, owned by Secure Trust Bank (STB) which is part owned by ARRB - indeed it is the increasing share price of STB that seems to be the driving force behind the rise in ARRB.

hxxp://www.everyday-loans.co.uk/

So, safe for now. Let us hope this does not come back to bite the share price in future.

Ironically, ARRB itself started out as STB and my ARRB Share certificate still says Secure Trust Bank...

[mikeja] 09/8/2013 10:55

Breaking into new ground

[mikeja] 24/7/2013 15:42

Thanks,Papy.I see they put in a SOTP of £13.70 for ARBB.Earnings for 2014 at 90.4p,so just over 10pe.If they can put in a further year of that sort of growth I am looking for a doubling of the price over the next 3 years.

[papy02] 23/7/2013 10:56

Thanks both.

Edison report just out (I assume paid-for, so not 100% impartial):
www.edisoninvestmentresearch.com/researchreports/ABG230713Update.pdf

also one on STB:
www.edisoninvestmentresearch.com/researchreports/STB230713update.pdf