Close Brothers Share Discussion Threads

[roidstermuthafukk] 11/3/2008 09:20

unlikely- unless someone else makes a bid i think...something about the takeover panel.....6 months i think......I am not sure....need to find more out....however, i think it is likely there will be a shareholder revolt..which may cause a break up??

[tipsytoad] 11/3/2008 08:07

Rich - whats the possibility of Cenkos coming back?

[roidstermuthafukk] 10/3/2008 14:27

just a case of hanging in there! looks like Keogh may be for the chop...and any lower someone is bound to come in and make an offer...WHICH shareholders I am sure will want to take!

[tipsytoad] 10/3/2008 09:18

£9 - me too roid
disappointed at the drop - but to be expected in these volatile times

[roidstermuthafukk] 07/3/2008 16:28

hi saff...still in then??

I topped up.....another1000...this is a ridiculous price....surely it must be a possible takeover...who would not be happy to see 9pounds plus now?? I would!

[safman] 07/3/2008 10:13

a safe investment bank..don't take too many risks hence, less affected to downturn than manu other banks.. obviously, with jewel in the crown of WINS... which is valued @ 600M + .. current mkt cap of almost 900mill..

saffy..

[tipsytoad] 07/3/2008 10:06

now up 6p on the day

[tipsytoad] 07/3/2008 09:58

News
05/03/08 16:50 UKREG Director/PDMR Shareholding
05/03/08 14:59 UKREG Rule 8.3- Close brothers
04/03/08 15:16 UKREG Rule 8.3-Close brothers group
03/03/08 18:06 UKREG Director/PDMR Shareholding
03/03/08 15:54 UKREG Rule 8.3- close brothers
03/03/08 07:58 TFNF Close Brothers H1 profit down 2 pct

[tipsytoad] 07/3/2008 09:55

Close Brothers Group plc bank and the prominent Gibraltar-based Marrache Group has today announced their intention to establish a Gibraltar-based Bank and an International Wealth Management Firm, by way of a multiple licence submission to the Gibraltar Financial Services Commission.

It is intended that subject to licence approval, the joint venture will trade from the early summer under the new brand, Close & Marrache, and will focus on providing tailored wealth management services to wealthy expatriate individuals and their families in Gibraltar, southern Spain and Portugal

[tipsytoad] 07/3/2008 09:52

well worth a punt in these troubled times

[tipsytoad] 07/3/2008 09:51

Close BR.Grp. Fantastic take over target

Company Description:

City merchant banking; corporate finance; banking activity comprising treasury, property lending, insurance premium finance, debt factoring, credit management and residential mortgage arranging; asset management; asset finance consisting of commercial asset finance, consumer finance and specialist finance services to the armed forces; market-making

only 147.03 million shares in issue -

[tipsytoad] 07/3/2008 09:41

nice to see this is gone 'blue'
in a sea of 'red' banks

[roidstermuthafukk] 06/3/2008 13:03

whast a splel shekc??

[alexacj] 06/3/2008 12:56

Hope you did a spell check!!! LOL!

[roidstermuthafukk] 06/3/2008 12:53

For a laugh...just posted this to the CEO..........

Dear Mr Keogh,

I am writing this brief note to express my discust at the destruction of shareholder value....that you have, as a result of the handling of the offer debacle caused...together with no comments (of any substance) that could have supported the stock... I feel that given the Cenkos proposal for , you and or the board to reject underhand "because of no clear funding in place" with the resultant and then not having any kind of real strategy in place to placate shareholders worthy of misconduct!
Now it looks like we shall see further destruction in the share price, and I personally hold a sizeable position...obviously peanuts to someone like yourself, on you overinflated salary......how exactly do you guys sleep at night....knowing that you cause average people who have held this share for some period of time upset and anxiety at the furthe destruction in share value...by you and your boards dithering!?? You should be ashamed and resign immediately.............or at the very least come out with a statement and or "BUY" your own shares by putting your money where your mouth is! However, I doubt any of the aforementioned will happen, and indeed I doubt you will even receive this...your PA will bin it with the rest of the emails from discruntled investors (unlike CAledonia who appear to be quite happy and not concerned "with day to day" fluctuations in the share price (funny that a 50% decline only "day to day"!??

In this current market I would no doubt see the share price going to £4 and below over the next 6months or so...no doubt you will resighn and go and find another cushy job in the city......whilst investors like me will just see their saving wiped out!


Well done Mr Keough.......you justify your exhorbitant salary........You guys need some real change management and innovation skills...I would offer myself to do it for free(I am a qualified AMBA MBA) but would probably be rebuffed by your "old boys school brigade" of board members.... I suggest you read the book by Gary Hamel..".the future of management..".it might give you lot a few pointers before you destroy the company and the remaining shareholders interests!!


Yours Sincerely



Bet we dont get a reply!





Roidster

[tipsytoad] 06/3/2008 12:48

sounds pretty good
no doubt they have researched and found an exciting opening in Gib

lets see how long it takes to turn your loss into a profit,
outlook looks promising imo

[roidstermuthafukk] 06/3/2008 12:31

tipsy...

heres link...3rd march




would be nice to see a resurrection.....but dont know either way i'm locked in i'm not selling at a 6k loss!

[tipsytoad] 06/3/2008 12:15

roid,
interesting find, do you have the date it was published on?

don't usually like to go long on a stock
more of a 'swing' trader
however this has to be one of the best stocks to be in at the moment
a little gem

and as a bonus, would not be surprised to see a resurrection of a bid
from one of the previous interested parties...

[tipsytoad] 06/3/2008 09:49

well, sh*t or bust in for more

unless the market knows something different to the results this is at a silly price

with only 147.03 shares in issue large swings are to be expected
expect this to recover by end of day

[tipsytoad] 04/3/2008 09:34

looks good value especially at this price
results had no nasty surprises, future looks good
either taken over or split into 3 divisions
directors buying
looks a 'safe' buy imo

[roidstermuthafukk] 04/3/2008 07:45

funny.....old ukneone (AKA....i'm in the know...nod nod wink wink!) very quiet!

[silverfern] 03/3/2008 07:58

the results are absolutely fine. The company admit the open offer period was disruptive; I bet it was. It costs £5m off the profit line and has led to some sort of pay review to lock in staff. the clear conclusion was CBG are better doing what they do than attempting in this market to secure a better return for shareholders by flogging off part or all of the business. The inference is that no bidder could lay their hands on the necessary cash to pay what CBG is really worth.

Now, I expect the share price to take an early hammering - Dow down 300pts doesn'
t provide a springboard, and stripping out exceptional items yr on yr shows a fall in profits - that £5m looks costly! BUt the figures do bring an end to the uncertainty, which is good news in itself. They remain a well run company imho Good luck all.