Close Brothers Share Discussion Threads

[dplewis1] 02/2/2024 08:09

RBC cuts to sector perform from outperform, target price reduced to 650p from 800p

[jubberjim] 01/2/2024 23:11

Looking at this and lloy which for a time seemed to be closely aligned due to no doubt the aforementioned 'Car Loan questionable practices' but that went out the window this pm as lloy went on a small correction and raced up to 43.40 level before running out of steam and all the way back to the opening levels.

CBG barely moved by comparison but will see how it pans out after the weekend

Looking very cheap to me but maybe just maybe has further to go

This one is in my peripheral vision still undecided

If they can maintain dividend is a stonking opportunity

In the queue for time being but with an outlandish order left.
Nothing ventured nothing gained

Good luck holders

[albert arthur] 01/2/2024 10:35

Rate decision today.

[suetballs] 01/2/2024 08:03

Thanks Wally.
Suet

[wallywoo] 01/2/2024 07:49

Financial regulation and industry very different in ROI than UK. The acquisition will not be affected.


Market due to open down 0.5% today. Big test to see if the cbg share price holds up. Had a first buy at 532 a few days ago. Trading seems hopeful since then.

[suetballs] 01/2/2024 07:25

My thoughts exactly - but surely the problem was well documented at the time of aquisition?
Suet

[flyfisher] 01/2/2024 07:01

In acquiring bluestone motor finance, has close increased its potential claims pool of incorrectly sold loans?

[jubberjim] 01/2/2024 00:36

This all stems from the uncertainty of how much the car finance nonsense is going to impact on the bottom line.

Was taken aback by the ferocity of the Nat West drop a few weeks ago

Think this finance issue is at the moment hanging over Lloyds and here so will await clarity on this and whether Close can maintain the dividend before making any further decisions.

Funds running down as we approach year end so having to think long and carefully before committing any further funds to these nervous markets.

Best of luck everyone

[albert arthur] 31/1/2024 10:42

From the Final Results RNS in September, expected an RNS today:Financial Calendar (Provisional)The enclosed provisional financial calendar below is updated on a regular basis throughout the year. Please refer to our website www.closebrothers.com for up-to-date details. Going forward, the group has decided to discontinue the issuance of pre-close trading updates in order to align more closely with prevailing market and industry practice. Event Date ---------------------------- --------------- First quarter trading update November 2023 ---------------------------- --------------- 16 November Annual General Meeting 2023 ---------------------------- --------------- 24 November Final dividend payment 2023 ---------------------------- --------------- Half year end 31 January 2024 ---------------------------- --------------- Interim results March 2024 ---------------------------- --------------- Third quarter trading update May 2024 ---------------------------- --------------- Financial year end 31 July 2024 ---------------------------- --------------- Preliminary results September 2024 ---------------------------- ---------------

[wallywoo] 29/1/2024 20:15

This is beginning to look interesting.


Question is where will the bottom price be. This dipped under 500p a couple of times during the height of the credit crunch in 2008.


Therefore, I reckon we are not far off now. Always tricky though. Lots of fingers get burnt bottom fishing!! Not much sign of shorting and no holding rns's for clues. Hmmm!

[2theduke] 29/1/2024 17:37

There is a 1m sale / buy going through each day cob so far.
Question is with the £150-£300m fine estimate from analysts (but how can they know ), how many years profit will that consume

[damanko] 29/1/2024 13:37

Basket case in my opinion, just glad I sold at over £6 ...

[suetballs] 29/1/2024 13:07

They know the possible exposures and should come clean. Saying nothing imo is not an option. Stewardship very poor here.
Suet

[neilyb675] 29/1/2024 13:00

538.50 - 540.00 (GBX) at 13:00:03
on Market (LSE)

[jonnybig] 29/1/2024 12:59

Cbg shareholders....... I feel for you.

[lindowcross] 26/1/2024 10:56

Thanks. I couldn't see that detail on their website financial calendar

[albert arthur] 26/1/2024 10:25

Half year end next week, interims in March..

[albert arthur] 26/1/2024 10:25

EventDateFirst quarter trading updateNovember 2023Annual General Meeting16 November 2023Final dividend payment24 November 2023Half year end31 January 2024Interim resultsMarch 2024Third quarter trading updateMay 2024Financial year end31 July 2024Preliminary results

[lindowcross] 26/1/2024 10:21

think results are on 19th March, unless brought forward?

[albert arthur] 26/1/2024 10:16

Half year is out next week 31st

[lindowcross] 26/1/2024 10:15

It's uncertainty. Markets hate it.