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CBG Close Brothers Group Plc

6.20 (1.36%)
24 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Close Brothers Group Plc CBG London Ordinary Share
  Price Change Price Change % Share Price Last Trade
6.20 1.36% 463.20 16:35:10
Open Price Low Price High Price Close Price Previous Close
459.20 450.00 467.60 463.20 457.00
more quote information »
Industry Sector

Close Brothers CBG Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date

Top Dividend Posts

Top Posts
Posted at 20/5/2024 10:54 by thebutler
I'm sure Lewis is just a mouth piece for a back room investigative media team who often get things wrong.

CBG is indeed an interesting punt. I'm confident that the FCA review won't be too damaging and the dividend will be fully reinstated next year which equates to 13% on current share price

On top of that, if the FCA finds there is no case to answer there could be a current year special dividend.

Well worth a buy imo.
Posted at 15/5/2024 11:40 by stoopid
A week to go and maybe then inveators will get some clarity/news from CBG about the car loans debacle.I'm hoping that there will be no more Novitas liabilities announced and that failure will be over and done with. Hopefully Winterflood will report better business and will be interesting to see what cash pile or provisions CBG will make for any FCA sanctions. Hopefully will see this rise back above 500 and onto 600 of news is good....
Posted at 05/5/2024 03:00 by stoopid
Would love to see momentum build here but with the liabilities for the car finance scandal still hidden/undeclared for the moment who knows. Maybe we will get an idea or some clarity on the 22nd, would be nice. Will be interesting to see if Novitas liabilities have cleared the books, they were about £100m last year (can't remember exact figure).Also, has Winterflood has performed better? Reading across from HL and AJ Bell I'm hoping it has. My simple logic says that if CBG was allegedly undervalued at 800 before this Car Finance scandal then surely it must get back there once this is all over.And if the provisions for it are not as onerous as feared by the everyone then with the suspension of the divi and other capital raising efforts CBG could be sitting on a cash pile of maybe £200m - 400m and declaring profits of 200m? A share price of 800 would seem cheap then.
Posted at 28/4/2024 15:14 by jaknife
CBG are due to give a trading update on Tuesday.

My bet is that the numbers are better than expected, that CBG's processes have been robust on car loans, that cutting the dividend for one year will easily cover any claims and that Winterfloods is seeing a recovery in volumes.
Posted at 16/4/2024 04:05 by stoopid
There is a lot of waffle and wild speculation going on.No one knows a thing atm because CBG haven't released anything or made any provisions. Only LLOY have announced anything with a £450m write down/provision already, and they are up 15/20%.The big gamble with CBG will be when the FCA announce their investigation results and CBG make appropriate provisions and pay any fines.Pays your money takes your chances. Personally I have followed the big boys who will undoubtedly be more informed than this board and bought a fair few, well, for me that is. Before all this hit, CBG were undervalued at 780 because of all the provisions for various things including their disastrous foray into Novitas which cost £180m in provisions. Winterflood their asset management division has also underperformed. This has all now cleared the books. So, if CBG were undervalued at 780 and this FCA issue turns out to be a storm in a teacup then with 200m+ in profits 780 will seem cheap. If the FCA investigation is disastrous, then a lot of us holders will lose a lot.....
Posted at 01/4/2024 22:24 by cirlbunting1
@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.
Posted at 07/3/2024 04:00 by popit

I think CBG may be very good value but that will depend on what the result of the FCA investigation will be

I was also saying that other UK banks like OSB and STB are on a similar low forecast PE and they do not have any FCA problem or unknown liability

OSB has a forecast PE of 4 and STB has a forecast PE of 3

The forecast PE for CBG may seem low but it is not so low when compared to other UK banks

Even a huge bank like Barclays is on a forecast PE of 4

So I was saying that OSB and STB seem to be less expensive than CBG and they are also without the very large risk of an unknown liability

If the CBG liability is less than £100 million then the shares are very cheap

But if the liability is £500 million or higher the shares are not so cheap
Posted at 23/2/2024 21:03 by popit
It is not nonsense to say that a liability of £1 billion for CBG could require a rights issue or perhaps receivership and liquidation

What you have written however is real nonsense

"If it does turn out to be a storm in a teacup it will be confirmed in an RNS one morning and the price will gap up to the £9 a share NAV"


How can CBG confirm their liability in a RNS ?

CBG have no clue what their liability will be

The FCA will tell CBG what their liability is some time later this year

CBG do not get to decide anything
Posted at 15/2/2024 07:38 by jonnybig
At last! Almost certain imo that they had to cut the dividend.

There is a good chance there will be a favourable outcome regarding the FCA review in which case the 2024 dividend may be reinstated as a special dividend on top of the 2025 dividend.

So if you're happy to make do with no dividend this year with a chance of an enhanced payment next year it's a worthwhile punt at this share price All imo and GLA!!!!
Posted at 25/1/2024 08:00 by jonnybig
Cbg should have cut the dividend last year following the huge provision as paying uncovered dividends can lead to problems.

Yet another huge provision and Cbg could get into serious trouble maintaining regulatory ratios, etc. One to avoid until Cbg release an update. No wonder the share price is in free fall.

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