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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Arbuthnot Banking Group Plc | LSE:ARBB | London | Ordinary Share | GB0007922338 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 887.50 | 11 | 09:36:53 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 865.00 | 915.00 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Commercial Banks, Nec | 181.44M | 35.38M | 2.1148 | 4.20 | 148.47M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 08:18:44 | O | 11 | 884.20 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 17/10/2024 | 06:00 | UK RNS | Arbuthnot Banking Group PLC Third Quarter 2024 Trading Update |
| 12/8/2024 | 07:59 | UK RNS | Arbuthnot Banking Group PLC Change of Registered Office |
| 23/7/2024 | 15:46 | ALNC |  EARNINGS AND TRADING: James Cropper posts loss; Arbuthnot profit falls |
| 23/7/2024 | 06:00 | UK RNS | Arbuthnot Banking Group PLC Unaudited results for the six months to.. |
| 02/7/2024 | 08:41 | UK RNS | Arbuthnot Banking Group PLC Appointment of Independent Non-Executive.. |
| 05/6/2024 | 14:35 | UK RNS | Arbuthnot Banking Group PLC Holding(s) in Company |
| 04/6/2024 | 14:56 | ALNC | IN BRIEF: Arbuthnot Banking renews tier 2 loan facility |
| 04/6/2024 | 11:02 | UK RNS | Arbuthnot Banking Group PLC Completion of Tier 2 Reg. Cap. Facility Renewal |
| 30/5/2024 | 06:00 | UK RNS | Arbuthnot Banking Group PLC Notification of Special and Interim Dividends |
| 24/5/2024 | 13:45 | ALNC | TRADING UPDATES: Samarkand optimistic as eyes adjusted loss reduction |
Arbuthnot Banking (ARBB) Share Charts1 Year Arbuthnot Banking Chart |
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1 Month Arbuthnot Banking Chart |
Intraday Arbuthnot Banking Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 29/10/2024 | 16:57 | Arbuthnot | 597 |
| 21/10/2024 | 10:33 | Arbuthnot | 53 |
| 21/1/2021 | 15:42 | *** Arbuthnot *** | 2 |
| 20/10/2005 | 16:24 | ii | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 08:18:44 | 884.20 | 11 | 97.26 | O |
| 2024-11-20 12:04:41 | 920.00 | 2 | 18.40 | O |
| 2024-11-20 10:20:16 | 889.00 | 500 | 4,445.00 | O |
| Top Posts |
|---|
Posted at 21/11/2024 08:20 by Arbuthnot Banking Daily Update Arbuthnot Banking Group Plc is listed in the Commercial Banks, Nec sector of the London Stock Exchange with ticker ARBB. The last closing price for Arbuthnot Banking was 887.50p.Arbuthnot Banking currently has 16,729,240 shares in issue. The market capitalisation of Arbuthnot Banking is £148,472,005. Arbuthnot Banking has a price to earnings ratio (PE ratio) of 4.20. This morning ARBB shares opened at - |
Posted at 29/10/2024 16:57 by pvb A bit late here!Arbuthnot Banking Group PLC Third Quarter 2024 Trading Update 17/10/2024 7:00am Highlights · Customer deposit balances of £3.8bn at the period end (30 September 2023: £3.5bn) · Customer loans (including leased assets) of £2.5bn at the period end (30 September 2023: £2.3bn) · Funds under Management and Administration exceed £2bn for the first time with growth of 18% in the first nine months of 2024 · Completed London office move to newly refurbished premises in the heart of the City (They always seem to be moving HQ...) |
Posted at 17/10/2024 11:42 by davebowler Shore Capital research-Summary: Arbuthnot (ARBB) has issued a cautiously positive trading update for the three months to 30 September 2024. The update reports: (i) further diversification of the loan book towards the higher-yielding Specialist Lending Divisions where overall growth remained strong in Q3; (ii) strong Wealth Management growth where AuM is now c.£2bn; (iii) a negative impact to NIM and revenue following the start of the interest rate cutting cycle as the company had previously signalled. Despite persisting economic headwinds, credit performance has remained robust reflecting conservative underwriting and low LTV lending, whilst the core Banking loan book is expected to contract towards the end of FY24F as ARBB leans into more capital efficient avenues for growth. Following recent publication by the PRA of a consultation paper around Basel 3.1, potential changes to the regulatory capital regime are not yet clear and may ultimately influence how ARBB evolves capital allocation across the Specialist Lending Divisions. In anticipation of the upcoming Budget, the breadth of ARBB’s business should ensure a nimble and proactive response to changes in the UK fiscal regime and potential opportunities that may arise. We will update our forecasts shortly to reflect the impact of H2 FY24F reductions in interest rates. HOUSE STOCK. Detail: Customer loans (incl. Asset Alliance lease assets) have increased YTD from £2.3bn to £2.5bn, of which £1.6bn apply to core Banking and £0.9bn to the Specialist divisions.. Customer deposits are broadly flat YTD at £3.8bn, reflecting a significant funding excess with loan/deposits at around two-thirds. Wealth Management AuM is +18% YTD with a significant proportion of inflows generated by internalising customer deposits. Funding costs ended the period at around 3.1% with the majority of fixed-term deposits having repriced following the rise since 2022 in interest rates. Renaissance Asset Finance loans reached £242m, +23% YTD as the offering has broadened to include block discounting and revolving credit facilities. Asset-based Lending loan book grew to £293m, +22% YTD as the franchise has concentrated on existing customers whilst midmarket deal making has remained subdued. Asset Alliance’s lease assets ended the period at £362m, +11% YTD and flat since end-June as macro uncertainty and improvement in the supply of new vehicles has weighed on demand for used trucks, whilst ARBB has focused on maximising yields. Having now moved into new City offices, keys to the previous offices will be returned in October, ending the associated dual-running costs incurred during the office transition. Valuation: We view ARBB’s valuation as undemanding for a sustainable low/mid-teens RoTE, and an estimated 7% compound TNAV growth from FY23A-26F, trading on a trailing P/TNAV of <0.7x (TNAV at 30 June 1396p). For the year ending December 2025, dividend yield of 5.8% is striking against P/E of c.5x. Our prevailing fair value of 1675p suggests significant upside |
Posted at 30/7/2024 12:01 by davebowler Our multiple approaches see a broad range of valuations: £13.85 DDM, £22.69 SOTP and £23.35 GGM. The average is £19.98, nearly double the current share price. Trading at 62% of NAV is anomalous, in our view, with above the cost of capital returns (target mid-teens pre-tax ROCE) and given ABG’s growth potential. ► Risks: Margins may have peaked now, with the trend, and level, of interest rates a key driver to earnings. A higher-for-longer outlook would assist earnings. Credit is a risk, but ABG is conservative in lending, taking good security; so, its loss, given default, is low. Other risks: reputation, regulation and compliance. ► Investment summary: ABG offers strong-franchise and continuing-business (normalised) profit growth. Its balance sheet strength gives it a number of wideranging options to develop organic and inorganic opportunities. The latter are likely to increase in uncertain times. Management has been innovative, but also very conservative, in managing risk. Having a profitable, well-funded, well-capitalised and strongly growing bank priced below book value is an anomaly, in our view. |
Posted at 23/7/2024 16:56 by pvb 23 July 2024ARBUTHNOT BANKING GROUP PLC ("Arbuthnot", "the Company", "the Group" or "ABG") Unaudited results for the six months to 30 June 2024 Arbuthnot Banking Group PLC today announces a half yearly profit before tax of £20.8m. FINANCIAL HIGHLIGHTS ● Profit before tax of £20.8m for the six months to 30 June 2024 (30 June 2023: £26.4m), as expected, as existing fixed rate deposits have continued to reprice onto higher terms as they are renewed. ● Underlying profit before tax of £20.8m (30 June 2023: £29.3m)*. ● Earnings per share of 94.6p (30 June 2023: 129.4p; 31 December 2023: 222.8p). ● CET1 capital ratio of 11.6% (30 June 2023: 12.2%; 31 December 2023: 13.0%) and total capital ratio of 13.6% (30 June 2023: 14.5%; 31 December 2023: 15.2%). ● Interim dividend of 20p per share previously announced and already paid in June (30 June 2023: 19p per share). ● Special dividend of 20p per share previously announced and already paid in June. ● Net assets per share at 30 June 2024 of £15.75 (30 June 2023: £14.70; 31 December 2023: £15.47). |
Posted at 30/5/2024 15:27 by pvb 30 May 2024Arbuthnot Banking Group PLC Notification of Special and Interim Dividends The Board of Arbuthnot Banking Group PLC ("Arbuthnot" or the "Group") is today pleased to announce that, following the recent strong performance of the Group, it has approved the distribution to shareholders of a special dividend of 20p per Ordinary Share and Ordinary Non-Voting Share. The Board has also determined to pay its interim dividend for the year ending 31 December 2024 at the same time and, given its confidence in the prospects of the Group, to increase the interim dividend to 20p, being an increase of 1p over the interim dividend paid in 2023. The two dividends totalling 40p per Ordinary Share and Ordinary Non-Voting Share will be paid on 20 June 2024 to shareholders on the register on 7 June 2024. The ex-dividend date is 6 June 2024. |
Posted at 29/4/2024 10:57 by davebowler Shore Capital-Profitability to normalise in FY24F Arbuthnot (ARBB) has continued to demonstrate the strength of its commercial and private banking franchise as an engine to accumulate low-cost deposits, funding high-yield asset growth via the specialist lending subsidiaries. Over the past two years, rising interest rates have driven a steep NIM-led upgrade cycle. Assuming the tightening cycle has peaked, we expect “supernormal&# |
Posted at 28/3/2024 17:17 by makinbuks Yes all seems good at Group level, and as always BV of 1547p is eye wateringly higher than the share priceHowever, reading on. Wealth Management loses £4m on income of £11m both this year and last (broadly) Why continue this activity? Similarly Bus and truck finance loses £3.2m on revenue of £100m considerably worse than prior year despite a positive comparison on provisions And what on earth happens in Other Divisions? How do you turn a profit of £11m into a loss of £5m? Apparently the top line falls £10m while OPEX is up £7m!!!!! I accept a one off write down of property £2.8m as part of the OPEX story Guess I should attend the AGM |
Posted at 28/3/2024 15:31 by pvb A good set of results today:FINANCIAL HIGHLIGHTS Profit Before Tax of £47.1m (2022: £20.0m), an increase of 135% · Operating income increased to £178.9m (2022: £137.4m) · Average net margin of 5.7% (2022: 5.1%) · Earnings per share increased by 103% to 222.8p (2022: 109.6p) · Final dividend declared increased by 2p to 27p (2022: 25p) · Total dividend per share for the year of 46p (2022: 42p), an increase of 10% · Net assets of £252.4m (2022: £212.0m) · Year-end net assets per share of 1547p (2022: 1411p) · CET1 ratio of 13.0% (2022: 11.6%) and total capital ratio of 15.2% (2022: 14.0%), well above the Group's minimum requirements · Substantial surplus liquidity at the year-end of £962m above the regulatory minimum (2022: £535m) |
Posted at 18/10/2023 20:40 by rolo7 trading statement in the morning chart does not look great, raised 12million early in year above these share price levels, could directors take this private, proabably would if not a bank?! |
Posted at 18/7/2023 13:14 by km18 Arbuthnot Banking Group plc posted unaudited Interims for the HY ended 30th June this morning. Customer loans increased by 7% yoy to £2.3b., customer deposits were up 16% yoy to £3.3b. while AUM were up 6% to £1.4b. PBT increased to £26.4m for the six months to 30 June 2023 (30 June 2022: £3.4m), EPS surged to 129.4p (30 June 2022: 17.8p). Both were boosted by widening Net interest margins which have benefitted due to the rising BoE bank rate. Even higher interest rates are likely through the remainder of 2023 and 2024 suggesting that profits should remain well supported in the near term. A return to the ultra-low interest rate environment of the past decade is also unlikely suggesting that the medium-term outlook is increasingly favourable for banks. Valuation is very attractive with forward PE ratio at 4.5x comfortably top quartile for the Banking Services sector. The bank is `strengthening with CET1 capital ratio up to 12.2% from 11.4% a year earlier. Share price has spiked up 16% today and is developing some solid momentum. BUY......from WealthOracle |
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