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Share Name | Share Symbol | Market | Stock Type |
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Cbg Group | CB. | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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29.50 | 29.50 |
Top Posts |
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Posted at 02/6/2011 17:30 by longshanks Anyone else monitoring this?A new institutional investor announced today: Hiscox has sold its stake to Polar Capital. Is this the start of a recovery? At £3.3m market cap - £1.2m cash (as of last December), operating profitably and paying a 3.5% dividend this must have some potential. Only blot is the shameful state of their balance sheet with short term liabilities not adequately covered by current assets. They have a crunch renegotiation of a £2.3m bank loan due in August. If that is dealt with then this should dramatically improve sentiment (maybe why PC have bought a stake at this point). Company has just moved their brokerage wing into brand new offices in Blackpool and are talking about a "recruitment drive" later in the year. I have built a decent stake in this over the last four months and will be continuing to increase my holdings whilst the price is below 22p. There is no broker coverage but based on performance last year I am expecting EPS of 5p for this year giving a forward PER of less than 5. Should be good for a hike in the share price to 50p or 60p on that basis - esp if sector sentiment improves. |
Posted at 12/10/2007 09:09 by bigman YAHOO Broker network BNH announce approach shares up over 8% this morning after a great run up-you just cant have enough insurance in your portfolio- will cb. be next- certainly will wake a few investors up to the fact- you cant have enough insurance in your portfolio |
Posted at 05/8/2007 11:45 by waldron World Bank chief says Cambodia needs broader-based economy Date : 05/08/2007 @ 11:29 Source : TFN World Bank chief says Cambodia needs broader-based economy PHNOM PENH (Thomson Financial) - Cambodia's economy is too narrowly focussed on its garment sector, World Bank chief Robert Zoellick said Sunday, suggesting it needs to build on its successes to draw investors to other industries. "Cambodia has a particular opportunity and need to develop a global brand," Zoellick said at the end of a two-day visit to the country, which has carved out a lucrative niche by selling itself to buyers as a labor-friendly textile producer. "It's been able to stay in the game and grow, in part because for some buyers there is special value to the social responsibility that it's included in that industry," he said. Cambodia's garment sector continues to expand, employing some 330,000 people in more than 200 factories and accounting for 80 percent of the country's export earnings. But Zoellick said that this is "too narrow a base on which to develop" and that to attract other businesses, it was essential for Cambodia to create the right investment climate. "Cambodia is a small country. It needs to be distinctive to get on the map and I believe it can be distinctive by emphasising its heritage, better labor practices, better transparency, fighting corruption," he said. "This is all important if Cambodia is going to draw foreign investment and create jobs." Economic growth has been projected at 9.0 percent this year by the International Monetary Fund. While it continues to expand at a healthy rate, the economy has shrunk from a growth high of 13.5 percent two years ago and relies almost solely on garments and tourism to drive it. During his visit Zoellick met Prime Minister Hun Sen and held lengthy discussions with other top officials. His talks here were focussed largely on the bank's continued role in Cambodia, a relationship that has not always been easy. The government is still paying back millions of dollars that were found to have been stolen from three bank-supported projects last year, forcing their temporary suspension. "As we tried to make clear from the recent past, we can't be in a position where the money that we are ... devoting to Cambodia gets stolen," he said. Cambodia, which also fell foul of the World Bank in 2003, when graft was uncovered in a project to demobilize soldiers, remains one of the world's poorest countries, and last year was ranked 151 out of 163 in Transparency International's corruption perceptions Index. Zoellick said the government acknowledged its problems with corruption. "Governance and corruption issues are at the front and center of people's agendas," Zoellick said. "Cambodia draws about 690 million dollars a year from international donors, which is no small sum in the world of competitive aid," he said. "To be able to continue and strengthen that support it will need to build a positive record and counter the challenge of corruption," he said. "This is not just a question of pleasing the external world. It's a question of being fair to the Cambodian people ... and that means making sure that, whether it be foreign aid or government revenue, [money] is spent appropriately." afp/jm jm |
Posted at 18/7/2007 08:30 by bigman helpjoe i thought you were refering to me, until I read the announcements. There is a bit of quality in the investors and they must know more than us as the company will have met them, and they are not taking stakes like that unless they know this company is only going one way. onwards and upwards |
Posted at 15/7/2007 07:56 by grupo guitarlumber From The Sunday TimesJuly 15, 2007Arab group snaps up Raffles Cambodian hotelsMatthew Goodman THE hotel-investment company controlled by Prince Alwaleed bin Talal, the Saudi Arabian billionaire, has made its first foray into Cambodia as part of its quest to expand into emerging markets. Kingdom Hotel Investments (KHI), which floated last year on the Dubai stock exchange and has a secondary listing in London, has made a double acquisition in the country. As well as picking up Raffles Hotel Le Royal in the capital Phnom Penh, it has also bought the Raffles Grand Hotel d'Angkor in Siem Reap, close to the historic ruins at Angkor, for a total of $35m (£17.2m). The company, which is headed by chief executive Sarmad Zok, regards Cambodia as a market where tourism is set to boom, as it has done in neighbouring countries such as Vietnam. It is estimated that the number of tourists visiting Cambodia has already grown by around 22% over the past eight years. After the deal, Raffles will continue to manage the hotels while the properties will be owned by KHI. The group's move follows the acquisition in April of its first hotel in China, a property in the city of Kunshan, outside Shanghai, for $58m. With the Cambodian purchase, the group now has 36 hotels in 20 countries, including Kenya, Tanzania, Zam-bia and the Philippines. The expansion of KHI reflects a wider appetite among investors for hotel real estate. Last week, Cadbridge, an investment consortium, acquired Legacy Hotels, a hotel-property group listed in Toronto. Earlier this month, buyout firm Black-stone acquired Hilton Hotels Corporation for $26 billion including debt, making it the world's largest hotel owner. |
Posted at 12/6/2007 16:50 by helpjoe I think the announcement today speaks volumes for the confidence of institutional investors and the management. Hang on to your hats as i think this will continue its rapid progress and will be a target V. soon IMHO, DYOR etc... |
Posted at 19/2/2007 09:36 by bigman knitcraft, interesting post on the other thread that your info is that this is going to 300p I did a bit of homework on the CBG web site and they have an investor presentation on it, from that it would appear that the insurance broking is the bulk of the business, interesting you say the manchester financial mafia are talking about this and expect 300p, any idea why, takeover ? results ? |
Posted at 04/11/2005 11:35 by jlabrey Nice little piece in the Investors' Chronicle - rated as 'good value' and performing better than others in the sector. |
Posted at 09/5/2005 13:03 by davethehorse All of a sudden this share is feeling less than safe - Im out for now - stopped out.Agree with jlabrey`s comments/concerns. Too quiet and not enough info available - also not much interest from investors due to very small market cap I assume and poor news flow. DTH |
Posted at 04/8/2004 09:15 by bobby.ifa Good feature in 'Growth Company Investor'. Certainly looks one to tuck away as small to medium size Insurance practices reel under forthcoming FSA compliane regime, where big will be beautiful as the cost of compliance is easily absorbed in a big practise, i.e economy of scale. |
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