Brewin Dolphin Share Discussion Threads

[punkyted] 31/3/2012 21:45

Spike to 180p. Curious. Something going on?

[moneybags] 16/3/2012 16:23

A nice end to the week here.Should look good in the papers over the weekend given the news out today.

Regards , Moneybags

[philo124] 15/3/2012 13:37

Sold this morning. Still holding Close Brothers.

[hannahc] 12/1/2012 17:05

Please click on the link below to access our latest research note on Brewin Dolphin:



Regards,

The Equity Development Team

[hannahc] 12/1/2012 17:05

Please click on the link below to access our latest research note on Brewin Dolphin:



Regards,

The Equity Development Team

[philo124] 16/12/2011 07:52

CS Takeover.

[hannahc] 07/12/2011 11:56

Please click on the link below to access our latest research note on Brewin Dolphin:



Regards,

The Equity Development Team

[hannahc] 07/12/2011 11:56

Please click on the link below to access our latest research note on Brewin Dolphin:



Regards,

The Equity Development Team

[soi] 07/10/2011 08:01

Hi
Anybody any thoughts why the share price so low of late?
Yield over 6%, did jump up a little some time back on some big buys but dropped back down.

Cheers

[sbabbab] 14/9/2011 18:49

Has Brewin merged or bought out any companies in the last 2 years?

[soi] 12/8/2011 09:42

Hi

I bought back in, used to have them before but sold quite some time ago.
Hopefully they can achieve a reasonable steady climb, divi good as well.

[its the oxman] 09/8/2011 07:16

obviously a sucker for this stock - bought more 125p

[its the oxman] 02/8/2011 13:40

summer woes as usual, but last update was not negative, added today 143p with div due later this month.

[killieboy] 27/7/2011 18:09

............. share price continues to decline!

[its the oxman] 27/7/2011 07:29

looks a pretty positive update today - business continues to grow.

[tenapen] 08/6/2011 18:19

No doubt these will make a packet short term as users get hit with the charges ! But with cheaper and better brokers out there (IMO) BRW will loose out as it does not take much nowadays to search and join another broker. I recieved the changes to the terms and conditions, no big deal 'but' if you want to transfer the stock out it will cost £15 per line of stock. I thought they had a brass neck when the started chargeing £50 per year for CREST membership.

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[its the oxman] 08/6/2011 14:34

bought a few more 155p

[philo124] 07/6/2011 13:18

Yep, price shoule be nearer £2 imo.

[its the oxman] 07/6/2011 13:11

getting very tempted to buy more the closer we get to 150p

[yespmedc] 02/6/2011 13:40

Latest research about BRW -

[isis] 31/5/2011 12:30

There is a new report here too - just been looking at it:-

[lfc4ever] 31/5/2011 12:18

EDISON:



BD has announced the acquisition of Tilman Asset Management, a privately owned
private client company, based in Ireland. The initial consideration of €20.8m (4.6% BD's market cap) less surplus capital, is 11.5x earnings to March 2011, but just 1.7% of the €917m AuM. The buy-out will be 11.5x 2014 earnings (less initial consideration). While this deal may be modestly dilutive to earnings (consideration is BD shares trading at 2012 sub 10x), it is buying the potential of the Irish wealth management sector where the competition and market for advice are in turmoil.

Cost synergies 2014, when IT strategic review completed

We do not expect cost synergies initially as BD will be fully occupied with its own IT strategic review. Systems integration is likely to be post 2014, which also simplifies assessment of the buy-out performance period.

Irish market for advice in turmoil

The Irish market for advice has been traumatic with massive flows into property
related funds just ahead of the financial crisis, as well as the share price collapse of Irish financials, a major part of the index. The credibility of many advisers collapsed with the investments. Wealth also has been affected by residential and commercial property prices both falling materially. IFAs have also been squeezed out by the slump in home movers decimating property-related income. The long-term demographics in Ireland are hugely positive, with a younger population than the UK and, assuming emigration does not become endemic, this provides support for longterm growth.

Valuation: Upside about a quarter

We had not expected BD to make a corporate acquisition, but this does not appear
expensive, and potentially opens an entirely new market. We will update estimates when the deal completes so our valuation is unchanged. On peer relativities BD trades on a c 10% discount which, bearing in mind the business growth and opportunities, appears unjustified. Our absolute valuation approaches indicate a more meaningful upside.


Valuation
We adopt a range of valuation approaches and, after the interim results, we have rolled the methodologies forward on to 2012 estimates from 2011. Given the growth we are forecasting, this timing issue alone raises the implied valuation. The average of our methodologies produces a fair value of 205p, an upside of about a quarter against the current price of c 166p

[hannahc] 31/5/2011 09:04

Please click on the link below to access our latest research note on Brewin Dolphin (BRW).





Kind Regards,


The Equity Development Team

[hannahc] 31/5/2011 09:03

Please click on the link below to access our latest research note on Brewin Dolphin (BRW).





Kind Regards,


The Equity Development Team