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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Cbg Group | LSE:CB. | London | Ordinary Share | GB0033696344 | ORD 4P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 29.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 29.50 | GBX |
CBG Group (CB.) Share Charts1 Year CBG Group Chart |
|
1 Month CBG Group Chart |
Intraday CBG Group Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 26/8/2011 | 11:52 | CBG Group ..Worth a look.. charts and discussions | 303 |
| 19/3/2008 | 16:22 | CBG group, an unnoticed potential winner. | 8 |
| 27/1/2006 | 11:20 | CBG Group Charts and Discussions | 9 |
| 16/1/2006 | 13:06 | Insure Community Broking Group Plc | 102 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 24/8/2011 09:28 by longshanks Oh well MM's sold a few last week to balance their books and upped the offer price to 32p.D-day today. Should get news by midday if t/o bid has received the 90% acceptance Giles need and whether they plan to extend the offer period if they haven't. I really fail to see how they can have received enough acceptances. Admiral insurance was in the news this morning posting record profits - so to my mind sentiment is definitely on the curve and we could be much better off holding for a sustained marked recovery. |
Posted at 16/8/2011 12:15 by longshanks With the offer price 2p below that of the bid, the market appears uncertain as to whether this deal will go ahead. Giles have 50% of the shares promised by most of the large holders but the deal needs 90% to go ahead. That requires an awful lot of small shareholders to be bothered to provide acceptance and, considering the bid price is way below the price many will have bought at, I would expect many to just ignore and hold out for a better offer. I for one have approx 0.8% across various accounts and will be rejecting the offer.Charterhouse group (backers of Giles) smell a good deal here but I somehow think they will be disappointed. A fair price is 40p and they know it - perhaps they will up their offer once the deadline of the 24th passes. |
Posted at 20/7/2011 10:49 by longshanks I think you should report whoever gave you the tip; it looks like someone bought 12K on Friday with inside knowledge and should be prosecuted for it. Offer price is fair given last years results - but discounts the turnaround in the business. Insurance sentiment is improving and PTP of £1.2m was on the cards for this year - giving a forward PER of less than 4 so a rerating was inevitable once that data was revealed to the market and the loan was renegotiated in August. That is why Giles is making the bid now - a bit cynical - but Polar Capital will take up the offer to give a quick turnaround on their investment. Could be a close call on whether a bid will be successful at this price - but management are not particularly aligned with shareholders at present and may not make a fight of this. |
Posted at 20/7/2011 10:32 by the_beagle What are your views guys? I was tipped this last Friday with everything bar the price, and did nothing as the market looked too thin and I didn't fancy getting locked in if it had turned out to be an RTO and suspension.I would have thought 40p more like it but it's only a guess. I now don't think Giles are looking to keep the quote, but if they did reverse in it would be a pretty big quoted entity. |
Posted at 20/7/2011 10:11 by topinfo DJ Giles Insurance Brokers Limited Statement re Possible Offer TIDMZZZZ TIDMCB. RNS Number : 7188K Giles Insurance Brokers Limited 20 July 2011 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION. Giles Insurance Brokers Limited Response to statement regarding a possible offer for CBG Group PLC Giles Insurance Brokers Limited ("Giles"), notes yesterday's announcement by CBG Group plc ("CBG" or the "Company") and confirms that it is in discussion with CBG about making a possible offer at a price of 32 pence per share in cash for the entire issued and to be issued share capital of CBG, subject to due diligence and the CBG Board's recommendation (the "Pre-Conditions"). This potential offer price represents a 54.2% premium to the share price as at the close of business on 19 July 2010. The Pre-Conditions are waivable at Giles' discretion. This announcement does not amount to a firm intention to make an offer and accordingly, there can be no certainty that any offer will be made for the Company even if the Pre-Conditions are satisfied or waived. Contacts: |
Posted at 20/7/2011 09:20 by longshanks Darn it - I have only just started building up my stake and now we get this bid from Giles which no doubt will be opportunistic and at a substantial discount to the inherent value. Nice to see such decent volume on this news - not a single share traded today so far!! |
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 01/1/2011 19:12 by bisiboy does anyone know much about their wealth management divison how many funds they have under management and businees mixare they rdr compliant? i cant tell this from their website but they would appear to be inexpensive at current price |
Posted at 26/8/2010 14:16 by palmist Darcy offically leaving, taking his old slapper with him by the looks of it because she's also vanished from the website....not a word about either of them leaving on the company website!Any connection to the news in the pre-close statement of dodgy transactions and revised previous year accounts? Or is it just cost cutting? God knows what willhappen to the price if he starts dumping his shares |
Posted at 24/8/2009 07:40 by geovest 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. |
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