Charles Stanley Share Discussion Threads

[eezymunny] 21/11/2019 22:41

Arthur Lame

Cash flow from financing activities section appears to have the wrong total...etc

[topvest] 21/11/2019 21:18

A very positive update. This is the first time that there has been tangible signs of progress on margins. Looks encouraging. Just need to grow the top-line now!

[arthur_lame_stocks] 21/11/2019 19:32

Is it my imagination or is there an error in the cashflow statement?

[tomps2] 21/11/2019 07:48

Charles Stanley H1 video by CEO & CFO. The transformation programme is starting to deliver.

[topvest] 14/11/2019 20:16

Well I'm not sure that I would agree with that. Their customer service is exceptionally good if you ask me. I wasn't happy with the sponsored crest account charges, but I have moved into nominee and to be honest its easier.

[davydoo] 14/11/2019 09:38

Just compare this to WHI. They're raising money to cover losses and maintain capital adequacy

CAY have significant cash above their capital adequacy requirements which underpins a huge proportion of the current price

[davydoo] 13/11/2019 16:44

I've been buying. Assets and income should be up.

They've already warned on restructuring costs. Maybe they'll be higher. I dont know

[its the oxman] 13/11/2019 12:10

A lot of restructuring costs this year perhaps, any views?

[its the oxman] 12/11/2019 08:31

Share price suggesting results might not please.

[davydoo] 04/11/2019 11:39

surely they should be buying back their own shares at this level?

They have more than enough cash for regulatory purposes.

[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 20:52

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 07:27

Video: CAY FY19 results overview by Paul Abberley, CEO & Ben Money-Coutts, CFO

FUM +6.5%. EPS +3%. Medium term target 15% profit margin.

[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 09:54

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

[topvest] 13/6/2018 16:18

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 07:57

Charles Stanley (CAY) FY results 2018 video



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

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

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