Close Brothers Share Discussion Threads

[its the oxman] 10/10/2016 10:25

Good results and chunky div to collect in a few days time.

[emeraldzebra] 30/9/2016 08:49

one at a time please !! lol

[emeraldzebra] 27/9/2016 09:13

Agreed---but it seems a little odd that the shares should go through the roof 1st thing and then dive !?

[deadly] 27/9/2016 08:56

Great results this morning, EPS and divi up 7%.
Good outlook too.

[its the oxman] 08/6/2016 10:29

Thought 2000p could be achieved when this was over 1600p and life was rosy. That was some time ago now and how wrong was I. That said company is still doing well but financials have fallen out of favour. Patience required I guess. Certainly attractive at 1300p.

[its the oxman] 20/5/2016 07:44

Yep, nice update and shares still feel very under appreciated by Mr Market.

[cwa1] 20/5/2016 07:16

Sounds decent to my innocent little ears:-

20 May 2016

Close Brothers Group plc ("the group" or "Close Brothers") today issues its scheduled trading update for the third quarter from 1 February 2016 to 30 April 2016 ("the quarter"). All statements in this release relate to that period unless otherwise indicated.

Group and divisional performance

We delivered an improved performance in the quarter, with good loan book growth, tighter cost control and better market conditions for Winterflood.

The Banking division continues to see robust demand for our specialist lending services with good levels of new business. The loan book increased 4.0% in the quarter and is up 8.2% year to date to GBP6.2 billion (31 January 2016: GBP6.0 billion), benefiting from strong growth in our leasing products and a seasonal uplift in motor finance.

The return on net loan book remains strong, as both the net interest margin and bad debt ratio have remained broadly in line with the first half. The rate of growth in expenses was lower than the first half as we continue to tighten cost control whilst maintaining investment in the business and in new growth initiatives.

Winterflood's performance improved following a difficult first half, with increased profitability across all trading books reflecting a modest recovery in the equity markets and improved investor risk appetite. However, the business remains sensitive to an unpredictable market.

Asset Management continued to achieve solid net inflows in managed assets, which increased 4% to GBP7.5 billion (31 January 2016: GBP7.3 billion). Total client assets increased 2% to GBP9.3 billion (31 January 2016: GBP9.1 billion) with a broadly stable revenue margin compared to the prior financial year.

Outlook

Building on our good performance in Q3, we are confident in delivering a satisfactory outcome for the full year.

[its the oxman] 08/3/2016 09:03

Results look reasonable. As expected winterflood profit is down but div is up. Profits being taken perhaps after recent run.

[ygor706] 22/1/2016 09:06

Nothing particularly surprising in the trading update. Banking book looks well diversified (at least for the time being) and the investment businesses flat. The banking will probably keep things ticking over this year as long as interest rates don't start to rise. Worth holding in my view for the good yield and modest PE.

[its the oxman] 26/11/2015 00:02

Guess the general downward movement in banking stock ratings is hitting Cbg unless someone can suggest another reason.

[woodcutter] 23/11/2015 13:01

sold a while back just before it hit trend line resistance for the four time. it's now forming a descending triangle so i have no plans to reinvest unless it shows it's usual annual colours and completes a breakout from the current pattern.

woody

[silverfern] 11/11/2015 09:31

now testing 1500p - been one way really since February in spite of a very good delivery. I would like to think this could test 1700p in the next twelve months. any views?

[silverfern] 26/10/2015 18:01

looks like you#re spot on

[woodcutter] 23/10/2015 16:24

Been trading this in and out and just got back in again. happy to add if it falls further.

woody


free stock charts from uk.advfn.com

[silverfern] 23/9/2015 18:10

Woodcutter that is an excellent spot, thank you. I intend to retire on the back of this info- £200k invested at bottom and £40k profit at top six months later will suit me! This company has always (followed it for 20 yrs) been well run and given the nonsense in markets and their industry over the last 7 years, I won't be selling anytime soon

[retsius] 23/9/2015 13:11

CWA1
I am a new entrant here,having followed the stock for some time,but I have now bought some shares.
Yes, rather unfortunate to have released what was excellent results on a particularly down day for the whole market.
What attracted me initially was a graph by Nicolle Elliot in IC showing the wonderful chart pattern over several years.
There seems to be little on this Blog Board and not a lot of coveridge in the Press. Today's Telegraph has assigned a small paragraph in the Business Section.
Price has recovered somewhat today.
R.

[cwa1] 22/9/2015 14:45

Too cheap. Bad day to release good results, unfortunately.

[its the oxman] 22/9/2015 14:31

Great results. Any semblance of a year end rally and they could be hitting 1800p , but today no one is interested.

[woodcutter] 22/9/2015 10:42

five year weekly chart

free stock charts from uk.advfn.com


woody

[woodcutter] 22/9/2015 10:24

Results look good to me, decent balance sheet and profits. Also a reasonable yield too in a market where the economic cycle looks to have gone from growth to consolidation so restructuring my portflio a little toward more solid income generators.

Bought on the up trend line. Interestingly on the five year weekly chart CBG has replicated very similar characteristics around this time of the year before rising again later in the year.

woody


free stock charts from uk.advfn.com

[silverfern] 22/9/2015 07:10

Excellent results and very positive comments from Chairman. I expect some positive re-ratings

[silverfern] 24/7/2015 08:17

Good enough right now. Overall market is awful at present but this should move ahead as autumn approaches (not wishing the summer away though!)

[cwa1] 24/7/2015 07:46

Update out:-



Close Brothers has delivered a good performance in the period, driven by continued good returns in the Banking division, improved trading conditions in Winterflood and continued steady progress in Asset Management.

The Banking division continued to deliver a solid performance with the loan book up 4.4% in the period and 7.7% year to date to GBP5.7 billion. This reflects continued growth in property, asset and motor finance. The net interest margin and bad debt ratio have been broadly stable in the period.

In Securities, Winterflood has benefited from improved market conditions and increased investor risk appetite, when compared to the difficult trading environment seen in the first half.

Asset Management has delivered 7% growth in Assets under Management year to date to GBP10.4 billion with continued solid net inflows, despite negative market movements in June. The revenue margin remains broadly stable on the prior year.


Outlook

Overall, the outlook for the group remains unchanged and we expect to deliver another good performance for the full year.

[cwa1] 22/5/2015 09:59

Yes, sounded pretty decent to me. Just had a few myself.

[silverfern] 22/5/2015 08:53

Reassuring market update today