Close Brothers Share Discussion Threads

[tsmith2] 21/5/2025 14:22

A smart shorter would be looking to use todays drift to reduce position

[s34icknote] 21/5/2025 13:15

30p eps first half , Blackhorse . 60p full year after one offs

[blackhorse23] 21/5/2025 12:59

Loss making company now

[tsmith2] 21/5/2025 11:17

v low volume..

[drw1] 21/5/2025 11:03

Just minor profit taking before the next leg up.

[s34icknote] 21/5/2025 10:50

Usual market reaction on stable but boring update. Personally think they will take it back to 330 where support will kick in

[blackhorse23] 21/5/2025 09:18

Everything down , sales dropping

[tsmith2] 21/5/2025 08:26

Looking good

[tsmith2] 21/5/2025 07:30

steady as she goesmarket is increasingly looking post motor claims and the company has growth leversthrowing off profits and cash

[s34icknote] 21/5/2025 07:23

Nothing new so guess the market will try take it down !

[stoopid] 21/5/2025 07:14

Good update? Let's see at market open.Very much a business as usual write up and a "concentrating on our core business" type of thing.Winterflood made a profit and CET1 14%.....

[stoopid] 20/5/2025 22:56

Interim trading statement/update tomorrow.Could be 400 could be 300 by close of play.....Hoping it's closer to 400!

[cobourg1] 17/5/2025 12:55

From the Lloyds Bank thread. Final paragraph encouraging:


"Whilst very difficult to predict at this stage, our feeling is that the Supreme Court is more likely to come down on the side of the lenders and find that the dealers did not owe a fiduciary duty to consumers. This would result (except in the exceptional circumstances flagged above) in the consumers’ claims failing, therefore avoiding the potential opening of the floodgates for these types of claims."

Freeths also have the opinion that only excessive commissions will be the subject of compensation. Presumably the FCA would have to define what excessive was and lay down guidelines for the finance companies to pay compensation.

I dare to hope that for once I am backing a really big winner.

[the diddymen] 16/5/2025 16:17

I suspect that this is a short closing out - possibly the last 0.5% of Caius. This will hurt the other shorts. I was surprised when the shorts went for it in March, it just made no sense. Act in haste and repent at leisure!

[stoopid] 16/5/2025 15:28

Short squeeze today i reckon as fear about the market trading update on Wednesday looms.If it's good, could breach £4 with any luck.Then we await the SC decision. If fiducary duty and hence bribery is discounted, dividends will soon follow.

[tsmith2] 16/5/2025 12:02

market starting to look beyond commissions claims

[tsmith2] 16/5/2025 10:25

Deutsche Bank cuts Close Brothers price target to 550 (600) pence - 'buy'plenty of upside and as business starts to historical form suspect broker upgrades will follow in due course, with divi to look forward to too

[h1a3] 15/5/2025 20:52

(Sharecast News) - RBC Capital Markets lifted its price target on Close Brothers on Thursday to 400p from 340p as it suggested there might be "light at the end of the tunnel".
The bank noted that Close Bros has had a bad run, leaving the shares trading at 0.4x TBV, with lack of cost control being a significant driver of falling earnings expectations.

"We expect CBG to start to correct this from September," it said.

"By FY27 we are 2% more optimistic on costs versus consensus, and 8% ahead on an adjusted profit before tax basis."

RBC, which reiterated its 'outperform', speculative risk rating, also said it was more optimistic on a favourable outcome from motor finance.

"The Supreme Court will decide in July how at fault CBG is in relation to motor finance commissions," it noted.

"For CBG, we model an impact of circa £250m (adj. cons c.£280m)."

RBC said that following its roadshow with Julius Grower, an equity lawyer specialising in commercial law, it is more optimistic of a favourable outcome for UK banks and thus has lowered its cost of equity for CBG by 2 percentage points.

"If the SC concludes that there is only liability under the Consumer Credit Act, this will allow the regulator to set up a scheme which focusses solely on egregious commissions," it added.

[tsmith2] 15/5/2025 12:14

RBC raises Close Brothers price target to 400 (340) pence - 'outperform'

[stoopid] 15/5/2025 11:30

Monday will be interesting with the interim results.RBC have already raised their target to 400. SC judgement will be along soon, and if they don't support the fiducary argument and tort of bribery, then CBG will sorted and dividends will return forthwith and this debacle will be behind them....

[the diddymen] 14/5/2025 17:19

Caius below 0.5% now and no longer registering.

[tsmith2] 14/5/2025 08:52

12th May - marginal increase in net short on short tracker but shares had a good, shorts have work cut out.whoosh soon?

[the diddymen] 13/5/2025 18:13

Caius dropping their short position again and I suspect that we will see more tomorrow. Others increasing their position - bizarre.

[stoopid] 12/5/2025 19:29

Saw the 4.5% rise this morning then had to work.Was disappointing to see only 0.5% close of play.....

[the diddymen] 12/5/2025 16:58

Caius reduced by a further 150k shares on Friday and I suspect that we will see the same or another shorter reducing in tomorrow's report.