Brooks Macdonald Share Discussion Threads

[boydduk] 17/9/2020 08:15

You could hear a pin drop. Still I will take a company in strong enough position to be increasing its Divi right now

[saucepan] 28/7/2020 15:32

Hi Folks. A quiet thread. I bought in here in two tranches, yesterday and today. Some attractive fundamentals, e.g: No debt; ROCE 19.2; Forecast eps growth 177%; 2022 forecast P/E of 10.9; divi paying. I rather like the current momentum, hoping it will take it back to test highs in fairly short order.

[spooky] 24/6/2020 19:05

Great acquisition IMO.

[tomps2] 24/6/2020 16:45

BRK announced the acquisition of Lloyds Bank International's Channel Islands wealth management and funds business, 24.6.20. Here, Caroline Connellan, CEO, Andrew Shepherd, CEO of Brooks Macdonald International, and Ben Thorpe, Group Finance Director, outline the highlights of the acquisition, the strategy, the fit and the financial benefits. (In a meeting given to analysts 24.6.20). Https://www.piworld.co.uk/2020/06/24/brooks-macdonald-brk-acquisition-of-lloyds-bank-internationals-offshore-wealth-management-funds/ Material benefits include: - Increase in the Group's pro forma funds under management by up to c.8 per cent to over £13 billion - Expected to be accretive to underlying EPS in the year of acquisition (12 months ending 30 June 2021), with full year accretion of an estimated 8-10 per cent in the Group's first financial year following completion (12 months ending 30 June 2022). - Consideration representing an estimated post restructuring P/E multiple of 4.5 times in the first full year following completion, on a pro forma basis - Acquisition funded from existing cash resources. Https://www.investegate.co.uk/brooks-macdonald-grp--brk-/rns/acquisition/202006240700068606Q/

[elmfield] 29/8/2018 11:31

Ok, 👍

[mw8156] 29/8/2018 11:17

seems that questor in the Telegraph has mentioned it...

[elmfield] 29/8/2018 11:00

Take off, Fasten seat belts?

[elmfield] 26/7/2018 06:23

Any views on trading update?😀

[steptoe57] 14/3/2018 13:22

Hi Mad thanks for the info, I hope you make progress and get a decent reward. I thought I read somewhere that Brooks did not think they had a legal obligation for the losses, so to go from a 10% offer to full recovery would be some ask. Just as a reference account holders at Beaufort Securities are liable for a 10-15% hair cut due to the liquidation even thou their funds were held in a separate envelope I believe.

[steptoe57] 13/3/2018 10:03

Mad is your £100m based on you recovering all your losses, and can you give me a bit of history and why you think they are liable to repay the full amount?

[mad foetus] 13/3/2018 08:26

I see they have more or less doubled their provision for spearpoint. Based around the previous offer they made me, I think they are now looking at offering me about 10% of what I believe my losses to be. So while they have provisioned £12m, I think it could easily be closer to £100m.

[elmfield] 30/1/2018 17:44

Relief after the last few months, And on a market down day.

[verymaryhinge] 30/1/2018 12:09

wow - quite a move ..

[elmfield] 29/1/2018 13:25

Good to see a recovery in share price, hope it holds.

[mad foetus] 12/11/2017 10:49

Well, Brooks have written explaining that their sums were wrong and they are going to come back with a new offer shortly. Personally, in terms of what I lost through Spearpoint investing in such rubbish as Origo, Squarestone and Ncondezi is at least 50 times more than the initial offer made to me. It may be worth shorting Brooks to make up for Spearpoint's negligence! The bald eagle should be caged imo.

[mad foetus] 03/10/2017 09:42

I was one of the investors affected by the Spearpoint fiasco. I complained to BMC a couple of years ago about it and wrote to Darren Zaman again last week, as They didn't have my current address. If he doesn't come up with a satisfactory response I will set out the facts in full here, as I think they could provide useful insight into the potential liabilities BMC may face.

[martinthebrave] 21/9/2017 15:05

Bought in today. Results were decent and it looks like the recovery is under way.

[verymaryhinge] 28/7/2017 10:23

this is kitchen sinking by the new CEO i assume..

[mw8156] 28/7/2017 09:50

looks like the headlong rush for growth neglected risk management so now having to catch up, rather a cursory statement issued and just wondering how getting out of the Spearpoint debacle is going to cost £6m?

[elmfield] 27/7/2017 14:54

A bit harsh?

[1savvyinvestor] 14/6/2017 10:33

I've been invested a year. What a great performance

[elmfield] 02/6/2017 12:29

Nice write up in the IC today.