Close Brothers Share Discussion Threads

[volvo] 03/7/2010 07:56

Getting interesting here imo.

The Chief Exec of Winterfloods bought 10k on Wednesday.

Thats all the directors have loaded up post the last IMS in May.

Apparently all the staff are buying or have bought.

Don't see an offer, but maybe a substantial rerate. Update 23rd July. Sitting on support level.

[rampmeister] 19/3/2010 11:51

I am no chartist but this looks like breakout time! Think we could get to £9 building on momentum generated by solid results and still attractive yield.

RM

[its the oxman] 16/3/2010 08:39

solid if unspectacular results with unchanged div - shares up

[rampmeister] 19/1/2010 20:09

Collins Stewart reaffirms Buy with 1000p target.

RM

[markktm] 08/1/2010 16:30

Bit of a rush on this afternoon.... anyone any idea why????

[nfd2] 12/11/2009 11:51

Have held these for many years, and will continue to do so.

I have no doubt that we shall see £12 plus in the not too distant future.

[markktm] 12/11/2009 11:49

I agree Bloodsports

Q1 interims due 18th Nove so hopeing for a kick from these!!! (Have topped up though as fundementals good & a well run business!)

[bloodsports] 09/11/2009 13:57

Close still holding in the same range. Due a rise I'd think. Divi always a bonus with this stock. Just shows what a well managed bussness can do-wish all the other bankers had stuck with close's conservative approach.

[geo84] 09/10/2009 13:00

I see brokers are rating this stock as a buy, with a target price of 1000.

[its the oxman] 29/9/2009 14:08

similar situation - chunky div not far away as well

[rampmeister] 29/9/2009 14:06

Just seen daily note from Killik who prefer EMG in this sector. At my buy in price I am getting 8.5% yield which I am reluctant to part with so will continue to hold altho not sure how much upside left after good rise (I already hold EMG).

RM

[asmodeus] 29/9/2009 08:01

You were right, rampmeister. Offer price 800p at 07.58. Results out today. Look OK to me at first glance. Div. maintained. share price up 2.3% at opening. (now 806.5 offer 08.01)

[rampmeister] 03/8/2009 23:29

It took a while but at last a close above 700p. My guess is that we may see 800p fairly soon as next dividend payment approaches.

RM

[goldenshare888] 31/7/2009 13:20

South probably with other banking stocks.................

[markktm] 19/5/2009 14:40

Board been quiet.... nice rise here & have held with it...

Any views on where this is heading?????

[rampmeister] 06/5/2009 17:10

Nothing can stop the onward march towards 700p.

RM

[jarjar] 22/4/2009 23:24

this is a donkey to push over 600p just now
I am convinced it will go over soon
but when is the question hard to judge

[fast investor] 25/3/2009 16:12

Well over 600p I reckon.

Broker upgrade out late yesterday...

Close Brothers Group PLC

FORECASTS
2009 2010

Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Arden Partners
24-03-09 BUY 105.00 54.80 43.00 96.00 50.30 47.00

[jarjar] 20/3/2009 16:41

we have broken out of the downward trend
how high will it go over 600p - if any ?
625 - 650 range perhaps - any views ?
the results were better than most banks
look at the top right chart please

[bloodsports] 19/3/2009 11:42

I the results were impressive-compared to a lot of other banks etc. They seem positive and dont seem to have a funding problem. Hopefully they can benifit form this- when the upturn comes as the competition will be too weak to benifit.
The capital ratios seem very strong also means less chance of a rights issue or divi cut.

[fast investor] 16/3/2009 10:57

On a lovely momentum run this stock and doesnt have the problems of the main stream banks.

[fast investor] 11/3/2009 15:24

From The Times March 11, 2009

Not even a Close callDavid Wighton: Business Editor's commentary.

CLOSE BROTHERS is now in a club of one, the only sizeable listed UK bank that has neither tapped its shareholders for fresh equity, nor even cut the dividend.

The bank, whose roots go back more than 100 years to financing a railway to serve the Yukon gold rush, evidently knows when to be swashbuckling and when not to be.

First-half results yesterday were respectably resilient. The bank is still making profits from its curious mix of small business banking, securities market-making and M&A and restructuring advice.

And it still has a solid balance sheet with enough of a cushion to withstand the soaring bad debts it acknowledges are coming its way. It's even successfully expanded into taking ordinary deposits. Respect!

[fast investor] 11/3/2009 14:22

Brokers seem pretty upbeat about the company and rating on circa of 10 going forward into 2010 is cheap, too cheap imho.......

Close Brothers Group PLC

FORECASTS
2009 2010

Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Numis Securities Ltd
10-03-09 HOLD 100.60 51.40 39.00 103.80 53.00 39.00

Teathers
04-03-09 BUY 53.63 39.00 47.43 39.98

Arden Partners
02-03-09 BUY 105.00 54.80 43.00 96.00 50.30 47.00

Shore Capital
09-02-09 HOLD 106.20 52.90 39.00 82.80 41.70 39.00

2009 2010
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 105.00 53.28 39.00 96.00 48.72 39.33
1 Month Change -0.66 0.01 -0.32 0.00 0.01 -0.64
3 Month Change 1.52 1.59 -1.00 -27.80 -5.90 -1.63


GROWTH

2008 (A) 2009 (E) 2010 (E)

Norm. EPS -30.58% -16.84% -8.56%
DPS 13.24% 1.30% 0.85%

INVESTMENT RATIOS

2008 (A) 2009 (E) 2010 (E)

Dividend Yield 7.24% 7.33% 7.39%

Dividend Cover 1.66x 1.37x 1.24x

PER 8.30x 9.98x 10.92x

PEG -0.27f -0.59f -1.28f

Net Asset Value PS 343.44p 535.00p 538.00p

[silverfern] 10/3/2009 07:30

Statement is as positive as I could hope for right now. WHat is pertinent is it shows that there is business being done in the banking/investment sector and that you can still turn a profit. WHen the fog clears I thin this could be a useful buy, but I'll wait to see city reaction to the presentation later today

[rampmeister] 04/3/2009 23:47

Interims due 10th March 2009 - maybe we will see a small surge over next few days.

RM