Charles Stanley Share Discussion Threads

[its the oxman] 04/11/2019 11:29

Stockopedia have almost 25p of earnings for 2020 which could give us some upside. Trouble is it seems quite optimistic to me. I also use Charles Stanley and have no gripes re service, but operationally they seem to have been treading water re fum and delivering growth. Not too sure what will spark market interest but could be worth picking up especially if it dips to 250p

[topvest] 31/5/2019 19:52

Results were mediocre. Still lots of potential though and a quality business with £24bn AUM. Charles Stanley has been turned around, but it's still not profitable enough and revenue growth is poor. I have been a client and shareholder for many years. Their customer service is really very good and I haven't had a bad experience in best part of 15 years. Unfortunately though, I'm one of the few personal crest members that have been hit with a £504 charge per annum on each of my two accounts unless I transfer to nominee by the end of June. This previously cost me £nil. I'm in two minds about this. I'm disappointed about potentially having to move to nominee, but then again no other broker offers this and certainly not for no free. I will stay with Charles Stanley, but it kind of shows that they have offered more for less historically. I do understand that direct crest involves additional back-office processes on their side (a point that ShareSoc fail to accept). Charles Stanley offer certificated, voice dealing, direct crest and nominee. That's an expensive back-office, hence the move to one back office going forward. In terms of valuation, I feel that Charles Stanley are extremely cheap at £150m. Let s face it the whole company is only worth 0.6% of AUM given the lowish operating margins overall. That's a very low rating, particularly with £81m of cash (i.e. enterprise value is about half the market cap or 0.3% of AUM). I guess they either succeed on getting AUM up and margins to 15% or they will be acquired at a much higher valuation. I also wonder whether the Howard family want out or to keep Charles Stanley independent long-term as they pass the baton on. This goes back to 1896. Anyone remember the original "The Oceana Consolidated Company PLC"?....one of my favourite annual reports when I started investing 30 years ago fresh out of University with their share certificates on the cover...still got some in my archive!

[tomps2] 31/5/2019 06:27

Video: CAY FY19 results overview by Paul Abberley, CEO & Ben Money-Coutts, CFO FUM +6.5%. EPS +3%. Medium term target 15% profit margin. Https://www.piworld.co.uk/2019/05/31/charles-stanley-cay-full-year-results-2019/

[davydoo] 17/1/2019 11:03

Sometimes you think markets are efficient, then you see the share price of an asset manager like Charles Stanley fall on the days it announces reduced assets under management, when you'd think investors would know its AUM would have fallen as at 31 Dec in line with the market falling. Funny old game

[sirgainalot] 23/11/2018 14:06

Any idea behind the fall?

[fredfishcake] 14/6/2018 08:54

Weird that no price reaction yesterday but there is today.....

[topvest] 13/6/2018 15:18

Yes, seems to be recovering nicely. Really good to see Charles Stanley Direct move into profit in H2. Really good company and happy to hold.

[tomps2] 13/6/2018 06:57

Charles Stanley (CAY) FY results 2018 video Http://www.piworld.co.uk/2018/06/13/charles-stanley-cay-full-year-results-2018/ Paul Abberley, CEO Year achievements - 00:14 Ben Money-Coutts, CFO Financial highlights – 01:16 Paul Abberley, CEO On-going strategy – 04:32 Market outlook – 05:12 Investor outlook – 06:20 Good embellishment to the results RNS today. Also good insight to the sector.

[jonwig] 29/1/2018 15:29

mr.elbee - where have you seen this - can you give a link, please?

[mr.elbee] 29/1/2018 14:42

execution only accounts admin fee TRIPLED.. [to 550 quid inc vat.] THIS HAS GOT TO BE THE BEST SHORT IN TOWN

[isis] 06/5/2015 14:03

Charles Stanley Group PLC Proposed Sale of Charles Stanley Securities Share On Facebook Print Alert TIDMCAY RNS Number : 3727M Charles Stanley Group PLC 06 May 2015 Charles Stanley Group PLC Proposed Sale of Charles Stanley Securities Division Further to the announcement made on 10 March 2015 concerning a possible disposal of aspects of its Charles Stanley Securities Division ("CSS"), Charles Stanley Group PLC (the "Company") announces a further update in respect of the progress of the transaction. The Company has entered into an exclusive Heads of Terms agreement with Panmure Gordon (UK) Limited in relation to the disposal of CSS (excluding its Equity Sales Trading Operations). At this stage no assurance can be given that the planned disposal will proceed. The Company will make a further announcement in due course. Julie Ung Company Secretary 06 May 2015 For further information, please contact: Mike Lilwall, Director Phone: [phone] Email: [e-mail] Enquiries: Magnus Wheatley, Head of Communications Phone: [phone] Email: [e-mail] This information is provided by RNS The company news service from the London Stock Exchange END

[its the oxman] 01/12/2014 09:44

At least the share price has fared better than I thought after results.

[topvest] 27/11/2014 11:13

Not nice, but they do have £20bn under management, no debt and £20m of cash. They are being hit by low commission income due to stable markets by the look of things. They do need to get the cost base under control, but I'm sure they are well positioned to improve financial performance.

[its the oxman] 27/11/2014 08:26

Horrible results. Costs out of control. Management relying on market growth / activity to get them out of trouble. Need to be better than that. Take over looks best hope as still value in the name, as can't see this lot cutting their cloth or salary to restore profits. Getting worse not better so hopefully a few of the larger shareholders will start pressing hard for change. Real shame as they used to be a well regarded operation.

[richie496] 09/10/2014 14:51

Evil Knievil comments on Charles Stanley (CAY) page 17 in Spread Betting Magazine October edition http://bit.ly/1aCCT0d

[richie496] 09/10/2014 14:51

Evil Knievil comments on Charles Stanley (CAY) page 17 in Spread Betting Magazine October edition http://bit.ly/1aCCT0d

[its the oxman] 08/9/2014 10:00

Reckon we could be heading for a name change if we get more news like this. How does Hargreaves Stanley Lansdown sound ?

[topvest] 08/9/2014 07:07

Profit warning today which appears to be due to very low levels of commission income and continued cost increases. Odd that it looks as though it was fully reflected in the price as no movement first thing! Commission income is c£50m per annum so a material slow down in trading patterns must be having an impact. It's not consistent with other players though that have had a positive impact from things like the Royal Mail IPO. I've stopped buying shares of late though, as I think its better to accumulate cash where we are in the cycle and so maybe I'm a typical Charles Stanley customer!

[topvest] 17/8/2014 19:03

This company has come a very long way from Oceana Consolidated of old. The management team are top quality and take a long term view. I'm sure they will get a grip on things. If they get taken out, and I don't think they will, then that will be at a chunky premium. You would have thought Brewin Dolphin are starting to get interested, but don't think they have the right cultural fit.

[pinkalltheway] 14/8/2014 12:50

http://citywire.co.uk/wealth-manager/peter-webb-charles-stanley-is-a-bit-of-a-mess/a767444?section=wealth-manager&cwsource=preview#.U-yYEJnKtbs.email

[pinkalltheway] 29/7/2014 21:17

lol end game coming

[pinkalltheway] 29/7/2014 21:16

I have been looking at the numbers and from from I can't see why the directors pay themselves 400-/ + and a bonus of 70/- + Why... They haven't performed.. what are the non exec doing... I feel a letter to the muppets to so what they consider there role is... Protect shareholders or just bank there 25/-