CBG Group Share Discussion Threads

[bigman] 07/7/2004 23:44

looks like a nice little move and appeared on the top % list this week,
sorry vicjos did not go to egm as abroad at the time, just got back after a nice break fishing and chilling in ireland

[vicjos] 25/6/2004 07:24

Anyone going to the meeting on monday, would love to go and meet the the company as sometimes an informal chat can glean a lot, but it is a bad day for me as just compleing the sale of a business. would appreciate some news ie half year numbers due soon ie when ? any more acquisitions ? general how business is going. can email me.

[bigman] 08/6/2004 19:50

yeah this little beauty is gonna make me a few bob

[raistrick] 07/6/2004 08:47

Received my notication, i like this company just seems to get on with it, their originial model seems to be paying off and we now have the pension funds looking at the company, it must be doing something right.lets hope the herd dont come in to fast.

[bigman] 05/6/2004 11:14

Received notification of an EGM, looks to me like more acquisitions on the way, they really are a busy company maybe that is why royal mail and BT got in think i will add to my holding next week. the herd have not discovered this stock yet.

[bigman] 03/6/2004 11:26

WOW two institutions on board with 8% and 6% one is britel which i am informed is bt pension and the other possfund is royal mail pension so they are a bit of quality, had to speak to the company to find out who they were, glad to be of helpjoe ops did your wife name you that,,,helpjoe,, would love to say my wife gave me my name but it was the grandaughter about my belly!!!
Looks like this is gonna be a good one as the two institutions have not come on doard this on a whim, the company must have presented to them and they must have liked what they heard to buy this size of shareholding, lift off soon.

[helpjoe] 02/6/2004 17:41

Some interesting moves over the last few days and the Stock has held up well through the recent market turmoil. Interesting that a few shares are being picked up by institutions (anyone heard of them?). I think this may edge the price up a bit but, I will hang on for a great deal more over the coming months. Great broker note.

[bigman] 02/6/2004 08:27

It was Investors Chronicle that has Community as a buy, the key points were "EPS should move up from 2.74 seen last year to roughly DOUBLE this figure by end of 2005". " they also commented on "The acquisition template has been well tested, SEVEN companies of varying sizes have been bought" "Management has proved itself to be hard nosed at picking up targets and negotiating terms"
On another thought with all the unrest insurance has to be top priority

[vicjos] 31/5/2004 19:00

I was told they were tipped in share magazine last week, not see the article myself, but one of the guys at the investment club told me he has seen it. A lot of trades went through last wek and we added a few more in the club and I added myself. Had a great weekend so much for forecasting rain, just hope my little Community Broker starts fly soon

[bigman] 11/5/2004 07:43

Well mr long and short, i am not selling and if what you say is correct therte must be loads of big buyers over the last few weeks as unlike nearly all of other stocks this has not reduced in price so it stands a test, and therefor the signs are there that there is value in this beauty.

[searay5] 10/5/2004 09:05

What a craker this will be

[long and short] 07/5/2004 19:23

This stock does not seem to be "tightly held" as someone posted earlier - there has been loads of big sellers in the last few weeks.

[bigman] 07/5/2004 16:44

oh i am not alone on this one then, welcome helpjoe, this little beauty is gonna make us plenty they are a very active little company that will be a big cash generating business at the rate they are adding and consolidating so nice to get in early and with little or no downside, reviewing my other stocks to see what to sell to buy some more.

[helpjoe] 07/5/2004 09:06

Bagged a few more of these a couple of days ago. Seems reasonably stable. I was initially put off, by the aquisition as I thought it was very expensive (until someone explained how this industry operatates!Doh!) so now time to sit back and wait as the broker note was very positive. I will probably progressivly add. Anyone else adding?

[bigman] 29/4/2004 16:05

Very promising vicjos i think this will double just got to be patient and wait for the herd to arrive, best news is i have a nice holding in pas and been waiting for something to happen there and then bang, half year this morning up 28% prior to that is was just like this one no trading and getting boring in fact was just about to see and move on. now sat on nice profit so good when it comes right. it is cb. agm at 5.00 today, strange time as after close of market maybe some news tomorrow then on this one. i would go but it is up in manchester

[vicjos] 28/4/2004 08:56

Hey bigman I got the accounts, nice and tidy good debut results and cash I also got a research note from their broker insinger townsley very interesting they go into detail about the valuation and dcf, discount cash flow and conclude from that and other research on the company that "on those conservative assumptions, the net present value for the shares works out at arround 75p per share, roughly 90% above current share price"

[bigman] 22/4/2004 07:23

Received a package of information from the company,float details, accounts etc. this morning all very interesting. Guess I am only person interested in this company.

[bigman] 20/4/2004 09:16

The following article is from "The Business" by Andrew Griffiths- Aim Investor


It is an uncomfortable fact of life for the insurance industry that global terrorism has provided a significant boost to business, providing underwriters with justification for higher premiums in an increasingly security conscious world.

Aim investors who want to jump aboard the insurance bandwagon might consider shares in recently listed Community Broking Group, which specialises in providing services to small businesses As well as the normal insurances offered against material damage, business interruption and so on, CBG also provides life and other personal insurance products to company directors, senior executives and business owners. The company aims to be a one-stop-shop for senior managers of small businesses.

Independent brokers are the largest distribution channel for personal and commercial insurance in the UK with 35%. CBG estimates that the annual small business commercial insurance market is worth around £400m.

The group's growth attractions lie in its plans to acquire a number of established businesses in the near future. It is hoping to exploit the fact that many sole practitioners who formed independent businesses in the 1970s and 1980s are now coming up to retirement age and will be seeking an exit These brokers are also under pressure to broaden the range of products they offer to remain competitive, and face the new challenges of becoming regulated by the Financial Services Authority (FSA) in 2005,with all the paperwork and worry that this brings.

Last year, CBG doubled pretax profits to £306,000 on a turnover only 25% ahead at £1.5m. Since then, it has acquired Cloughley Insurance Services, adding another £360,000 of sales. Even after the acquisition, CBG has just short of Elm in cash for future acquisitions.

With an experienced management team, die company seems like a good vehicle to lead consolidation within its fragmented industry and the shares should respond to the developing story.

The price being asked for this does not seem excessive. There are no forecasts in the market but the rating of 14 times historic earnings should improve significantly as CBG continues to acquire profitable broking businesses. Overall, the shares could be a lucrative long-term play.

Andrew Griffiths is managing editor of the Aim & Ofex Newsletter \i-w\v.aimnewsletter.co.uk

[bigman] 18/4/2004 18:10

I have written to the company, got their address from companies house, not received a reply yet. I see they got a mention in shares mag.

[long and short] 15/4/2004 19:25

Where do you need to write to get those documents? Thanks in advance.

[bigman] 13/4/2004 16:46

Have sent off for copy of accounts and the float document, share price hardly moves, vicjos do you have some more info on the co how much cash etc

[bigman] 29/3/2004 13:15

interesting, maybe a bit small.

[vicjos] 25/3/2004 14:47

This company is quietly going about its business since flotation last year the plans seem to be consolidation in the insurance broking market and from what I have read it is very active. came out with results recently and they show stunning growth, profit and cash. Whilst only small they are expanding at a rate and one report I read said "get the shares if you can but they could be chased up as they are tightly held" Seems to me that is the type of stock to be in rather than one that gets shorted down. I picked up a few over the last two weeks. Any views or opinions on this would be appreciated.