CBG Group Share Discussion Threads

[grahamty] 16/8/2010 10:10

Oh dear..............serves them all right for buying BEFORE the trading statement earlier this year. Turnbull paid 58p.

[palmist] 12/8/2010 09:12

Looks like Longshanks getting his wish with Darcy leaving? That should save a few quid.

Wonder where that leaves the baggage he brought with him? Save a few more if she goes too.

[grahamty] 11/8/2010 17:10

Any holders out there ? Strong the last few days on no volume..........

[longshanks] 23/3/2010 09:21

Looking at their website I think the reason for the Directorate changes is fairly obvious.

Seven directors for a company this size is far too many. Whilst they aren't reducing that number on the board they aren't bringing in any new blood either and I suspect that the "cull" is all part of the reorganisation/cost cutting exercise.

It looks to me like Stephen Rees is being groomed as a new Group MD for the business given his promotion to the board and the biography presented. He also owns a big chunk of equity which is nioe to see.

[geovest] 23/3/2010 08:03

There is no "innocent" reason when a chairman steps down with immediate effect. "Falling on knife" or "pushed" comes to mind.

[longshanks] 23/3/2010 07:57

Results out. Don't look nearly as bad as I expected. Annualised cost savings of £1.4m yet to kick in means that they should make a pretty decent profit for the next year with or without an upturn in business.

Only thing I am uncomfortable about is seeing the chairman step down. It could be entirely innocent reasons but it leaves a question mark hanging over the results.

To me it looks as though the market has priced all the bad news into these; they now look pretty cheap on fundamentals going forward.

[helpjoe] 03/2/2010 10:05

Looks as thought the stock overhang is finally over. Following with great interest. IMHO DYOR etc

[raistrick] 19/11/2009 17:16

if you look at the share ownership you will see that itis very thin and the potential to let it slip slowly down and then take private is very realistic and potential a nice earner

[fozdad] 26/8/2009 09:53

Yeah, to award themselves options at 51.5 p is at best callous. After all the controversies over the past few years regarding the way the fs industry rewards itself, you would have thought that any options would have been based on performance.

Another snouts in the trough company.

[sayer2] 26/8/2009 06:51

shares and profits plunge, directors award themselves options, nice one..we know where we are going with this one...

[investinggarden] 25/8/2009 10:49

Interim plunge at CBG

[geovest] 24/8/2009 07:40

The problem is that earnings just about halved, which means we are looking at full year adjusted earnings of around 5 - 5.5p/share. That means thst at a share price of 50p a pe of 10 puts it at the more expensive end of aim. Competitor Jelf is still trading at a forecast PE of 5.

It will need someting really positive such as a bid approach, which is not very likely, to get the price going.

Anyway, interims shows that broking held up reasonably well but financial services now loss making. Results not bad considering.

[longshanks] 22/8/2009 11:26

For me the drop in price points to a fairly large overhang of stock - with someone desperate to sell a significant chunk. Would be v. surprised to see this drop much below 50p, though.

Looks overdone IMO ( back to 2005/6 prices) and will respond quite vigorously at some point. I too am watching - conscious of falling knives but will look to buy in once I see the turn.

[geovest] 21/8/2009 09:02

Virtually no chance of taking it private as directors don't have a majority and major institutional shareholders will not support such a move.

Results will probably show very poor performance by financial services side and weakness on insurance broking. However, this should probably be the low-point results wise.

I don't hold currently but are watching to see any improvement in the insurance market.

[evilblues] 21/8/2009 08:25

monday - all will be revealed..

[raistrick] 21/8/2009 07:44

I wonder if the numbers will also include a statement saying the they want to take the group private or are the Directors going to show their faith and buy some shares

[geovest] 05/8/2009 09:01

Everybody is waiting for the second profits warning

[sayer2] 05/8/2009 05:03

I wish Hiscox would buy the whole lot. Has everyone done a runner? It's all gone very quiet....

[green sand] 02/6/2009 12:15

Hiscox see value for their Insurance Portfolio Fund




Good luck

GS

[itsnotso] 06/5/2009 18:36

where the bigman gone he seemed to have inside track on this company and he said cant have enough insurance in the bag, or did he bag a profit and disappear into the sun.

[rocket16] 25/4/2009 14:29

What happened to the resitance in the down turn - shinking ship????

[disraeli] 03/4/2009 14:32

well maybe you can have too much insurance in your portfolio from time to time... but it will be a test to management if they can overcome the tough climate and carry their shareholders and staff through a tough period when their recent result have had a hole kicked in them from what might be viewed as the wrong time to committ expense to a costly property move and when markets conditions are tough. I have every confidence that a group that has proved itself with an acquisitive, cost-cutting management team will be equally resourceful when it comes to real management skills in the downturn...

[gogoalex] 28/1/2009 16:48

rock steady but about time we saw an improvement upwards, just been on jelf as i just could not sell them and take loss, hoping for lift from results, march is cbg results and it would be nice to see a lift ahead of that.

[gogoalex] 06/12/2008 09:09

I agree bigman it is a resistant sector and this is holding well, I should have listened to you re Jelf as it went down 25% on friday, I am really not happy about taking the loss on it but monday I will and put some of my megre funds into CBG and Aviva

[bigman] 28/11/2008 14:34

This is my best performing investment by miles, looks as though it is very resistant to the downturn long may it continue, gogoalex you cant have enough insurance in your portfolio and maybe you should try selling half your investment in jelf and getting back into quality.