Close Brothers Share Discussion Threads

[davius] 12/4/2024 08:57

My bail target was 500p. We're close to hitting that and I'm thinking of adjusting upwards.

Only holding 1000 shares but with an average of 287.2p it's been a great recovery. Thanks Martin Lewis.

[karv1] 12/4/2024 06:09

I think 800 is too high in short term. (before sep 25) if we were to ignore the elephant in the room.
Dividend at 13.9 in the perfect world and is 36% above phnx, unless someone is building for a take over which would change everything.
The see saw effect will come in to play and when you put the elephant back in the room it tips it even more. Where the short term share price limits is who knows.

[fiscal cliff] 11/4/2024 11:55

Sounds very much like a plan!

[jonnybig] 11/4/2024 10:51

Glad I jumped on the lows. Appears someone is stake building. Hoping this will recover to 800p by August, then plan to sell at a stonking profit before the FCA review in September, just in case it's bad news. Don't want to lose that profit!

spud

[stoopid] 10/4/2024 22:52

I would like to agree, but will still be volatile until FCA makes a decision....

[tsmith2] 10/4/2024 16:23

swift rise to £6 imo

[karv1] 10/4/2024 14:07

CPI data was not great yet CBG holding up fairly well compared to others.

[stoopid] 10/4/2024 10:07

Same here, my initial buy in was 780, rode the fear and panic down to 295 and bout 3 tranches at 400 294 and 330 after listening to and reading of the more balanced articles and deciding CBG would be OK. Was tempted to sell at 470 there but managed not to...

[jubberjim] 10/4/2024 09:51

I rode the run down to 290 level buying all the way (small amounts)

Have just sold some this morning but morphed into LLoy instead

Keeping the same liquidity

Good luck

[jonnybig] 10/4/2024 09:44

Bad time to sell financial stocks in particular at the moment as it's nailed on interest rates will be cut in the coming months so much further for these stocks to rise imo.

spud

[karv1] 10/4/2024 09:32

Looks like an up day across the board.
I have noticed some of the big players are not moving much.
I suspect it is to do with the US CPI figures if I have read it correctly in 4 hours.
This could still send the market negative or give it a huge boost.

[123trev] 10/4/2024 07:15

Well done Karv hard not to take a decent profit sometimes the market is a fickle mistress lol and a profit is only ever a profit when it’s in your account but it’s a kicker to live with if it keeps going up. I wished I hadn’t sold my original holding at £2.88 then buying back in and even now I’m hovering over the sell button again your not alone.

[karv1] 09/4/2024 22:41

I'm out good luck all. I made very good money here , needed to move 20k to isa so thought I sell all on a gamble to attempt some trading for 453 at 16.26 I did not actually think it would all sell but mr buy came in for 454 and sucked me dry and I sold all for 454. I am semi regretting it as the FTSE futures are currently up,
you win some you lose some.
That vanq looks interesting

[123trev] 09/4/2024 11:52

O/T but while we keep watching this climb anybody watching the basket case Vanq traded from 46p to 56p and just bought back in at 47.50. The valuation seems ridiculous if they can pull it around and that Redwood stake a possible bid maybe! They do own a bank.

[suetballs] 09/4/2024 11:10

Strong again this am. Well done to those that got in sub £3.
Suet

[123trev] 08/4/2024 20:50

Obviously anything is possible but BOA have in recent years been actively and aggressively stock trading and hired a progressive team to do it. I think they see a sound investment case here and have took such a stake because of it. Meanwhile Barclays have hired a legal team to fight the FCA decision and validity of some claims.

[chriss911911] 08/4/2024 16:31

Hmmm, I think a bid is a distinct possibility, with Merrill lynch, (Aka BOA) acting to soak up stock now with voting interest +10%, with the price being marked up progressively these last weeks. To have £60m exposure already, I doubt they are here for a light flutter, they have something more strategic in mind, if they keep it up, they will be compelled to, admittedly they need twice again, to be in that boat, but I somehow think the pattern suggests they will keep doing it, certainly the end outcome is from Zero, they now have £60m exposure with that increase seemingly managed, surely not playing games here...

[tsmith2] 08/4/2024 15:00

When do the shackles come off here

[davius] 08/4/2024 14:52

Recovery seems to be continuing, despite the temptation to take profits I'm hanging on for now. I wonder if this guy is rueing his decision?


Columbia Threadneedle’s David Moss used a short-lived recovery in shares of Close Brothers (CBG) to sell out of the beleaguered private bank.
...
Moss used a ‘small recovery’ in the share price to sell his position over the month.
‘...we felt the stock had become uninvestable, with the cancellation of the dividend removing one of the key reasons for ownership,’ he said.

[damanko] 05/4/2024 21:14

Basket case...

[tsmith2] 04/4/2024 10:35

more BoA shenanigans

[dplewis1] 04/4/2024 09:39

Might have to buy Martin Lewis a pint if I ever bump into him again

[tsmith2] 02/4/2024 10:07

nice little shake. small director buy reported

[karv1] 02/4/2024 07:46

I did not see any big sells on Thursday unless it was the 1m buy. He probably trying to push the price down otherwise it looks very bad for him. He could be down from his sell position by a fair amount.
The more it now goes up the worst it will look for him ,after taking the huge drop from January.

[cirlbunting1] 01/4/2024 22:24

@riverman77 - the cancellation of divis was sufficient for him and many other fund managers to liquidate their positions. It’s essential to consider that CBG has only suspended dividends twice in the past ~30 years (during COVID and now). He likely lacks the same level of insight as CBG, so if CBG suspends their dividend, it's more than likely it is due to a careful consideration and logical reasoning from CBG's part. In addition, despite me owning this stock, I have also made a claim, as too have a few members of my family. More than likely we wont get anything - but worth a shot to see how legit these claims are.