Close Brothers Share Discussion Threads

[suetballs] 20/1/2022 15:47

I think they'll just trot out the usual blurb - imo can't see any fireworks.
Suet

[cwa1] 20/1/2022 15:34

Hopefully the update tomorrow will be satisfactory...or better...

[thamestrader] 17/12/2021 13:01

Undemanding P/E, decent divi, good 'value'.
But value doesn't count for much nowadays.

[woolybanana] 17/12/2021 12:48

Agreed about disappointing but why; were they overvalued?

[thamestrader] 01/11/2021 15:40

This has been very disappointing lately. The only red in my portfolio today.

[thamestrader] 14/10/2021 08:04

Don't panic! Ex-dividend.

[ih_451482] 01/10/2021 12:22

Bought in today - credible commentary around CBG as possible TO target.

[thamestrader] 28/9/2021 08:11

Nice looking results, ".....although the trajectory remains uncertain."

[thamestrader] 28/4/2021 16:00

Yes, at 1551p on 21/4.

[the diddymen] 28/4/2021 12:50

Did you manage to buy back in?

[thamestrader] 28/4/2021 09:44

divi pay day today

[thamestrader] 22/4/2021 10:17

This is drifting nicely back into the zone where I seek to buy back the batch I sold a few weeks ago (and immediately regretted it).

[the diddymen] 10/4/2021 21:43

Paps, Thanks very much that is really useful. I think that the arguments for this one are pretty crude. It is a solid company and investors are looking for a return on capital. In recent weeks there was the inevitable hiatus post interims, but to my mind the price driver is the lower expectations for returns on capital. A strong asset for all the wrong reasons!

TD

[papillon] 10/4/2021 15:35

Couple of charts for you, TD. A 10 year chart, which shows that the CBG share price has peaked in the 1600-1700 range a number of times in the last 6 years and a 1 year Ichimoku Kinko Hyo chart which shows (see arrow) that the CBG share price entered a strongly bullish phase (rose above the "cloud") at the start of November. The Ichimoku chart is still strongly bullish, but CBG has had a good run over the last 5 and a half months. Will it continue? Keep an eye on the Ichimoku chart for a possible answer!


free stock charts from uk.advfn.com



free stock charts from uk.advfn.com

[the diddymen] 06/4/2021 11:06

Yield.

I do not seem to be able to paste a graph but the link below gives the gross yield on CBG. The clear blue water of autumn 2020 stands out and the next set of results will close the gap. That said, in my view, as the risk of asset inflation increases, then so will the expected gross yield reduce. The net effect should be a moderate rerating which will be determined by the relative yield. It looks as if the post results churn is now over.

hxxps://www.dividendmax.com/united-kingdom/london-stock-exchange/banks/close-brothers-group-plc/dividends#yields

[thamestrader] 25/3/2021 21:02

I have an opportunity to buy back cheaper the shares i stupidly sold a few weeks ago, although i have missed the ex-div date.

[the diddymen] 25/3/2021 18:33

.....After the normal trading carnage following solid results......

[the diddymen] 16/3/2021 07:29

Boringly solid set of half years.

PE under 10. Divi yield 3.5% (based on last final and interim). Tier 1 15.3%. Wake me up.

After the normal trading carnage following solid results, a modest rerating is likely.

TD

[the diddymen] 08/3/2021 10:45

Deadly the last release stated 16 March - a week tomorrow.

Looking this morning I see that the upward pattern has continued, presumably on the back of institutional buying. I am certain that next week there will be the normal roller coaster, but once the algorithms have bled it and settled down the only thing that counts on a share like CBG is PBT, quality of earnings and future dividends. The rest is down to a slide rule and interest rates.

TD

[the diddymen] 04/3/2021 10:51

Haha with the current trading methodology you can never be sure which way the price will move. I may be wrong, but instinct says that the recent price move is more to do with a premium being put on returns on capital. If so the dividend will be important.

TD

[deadly] 03/3/2021 20:20

Results due next week

[the diddymen] 15/2/2021 09:54

TT - I am not really invested for capital gain and I am now looking at return on capital invested. CBG should be able to sustain a respectable dividend, and the risk premium between a deposit account and a share like CBG is now significant. In my view the CBG share price is a symptom of arbitrage between bank interest and dividends.

TD

[thamestrader] 15/2/2021 09:19

Getting a bit ahead of itself?
Sold half just in case.

[the diddymen] 26/1/2021 13:09

EB

The capital growth is always useful but a share like CBG is about income and their ability to deliver that income consistently with underlying growth.

It is all about risk, systems and people. Not very interesting in the sense that it will never deliver rapid capital growth but very useful when you are looking for a reasonable rate of return.

What assumptions did you make on the forward dividend; the 3.5% looks a little light if they recover to pre-covid levels.

TD

[energeticbacker] 25/1/2021 10:10

Close Brothers' share price has risen by 30% since Investor's Champion added the stock to their Income Boosters last year, but the forward dividend yield remains reasonable at 3.5%.

Update on Investor's Champion's website on four of their Income Boosters' portfolio stocks.