Close Brothers Share Discussion Threads

[its the oxman] 01/11/2017 12:08

Brexit blues or something else going on?

[its the oxman] 01/11/2017 12:07

Brexit blues or something else going on?

[manrobert] 11/10/2017 14:41

buyers certainly not queuing up for the 40pdiv that goes xd after today.

[suetballs] 26/9/2017 09:31

Added a few also.
Suet

[its the oxman] 26/9/2017 09:00

Agree. Over reaction to decent enough set of results. Let's see what happens to forecasts.

[silverfern] 26/9/2017 08:52

I did indeed top up at 13.93. ANother 700+ shares. It's just Brexit - if you don't mention it you'll not be doing your job ; if you do the market over-reacts.

[thamestrader] 26/9/2017 08:14

is 1390 the weakness you're looking for?
Market really doesn't like something in there.

[suetballs] 26/9/2017 08:13

sp hammered!
Suet

[silverfern] 26/9/2017 08:05

yeah, I'll buy more on weakness I think. A really solid company that works hard in this sector an deserves its reputation.

[suetballs] 26/9/2017 07:26

Preliminary results look pretty good to me beating forecasts - slightly guarded with the outlook but who isn't. Nice 40p final dividend.
Suet

[cwa1] 03/8/2017 13:27

"The ratings for Close Brothers Ltd and Close Brothers Group are high relative to UK peers, so a further upgrade is unlikely. The above-system average growth rate of the loan book, together with exposure to certain cyclical sectors and the risk inherent in the group's securities business limit upward potential for the BCA," said Moody's.

[mortimer7] 21/7/2017 08:34

Pleased with update. All indications of year on year growth.
Share price has fallen back slightly from the 1700+ highs in early May, but essentially due to macroeconomic factors rather than anything company specific. Which, looking ahead, I believe is the only thing that could hold this back.

[cwa1] 21/7/2017 08:20

Morning

A very solid sounding TS this am. Decided to have a few at 1496p, fingers crossed now:-

The group will report results for the year to 31 July 2017 on 26 September 2017.

Group and divisional performance

The group has continued to perform well across all divisions, consistent with our Q3 trading update.

The Banking division has delivered continued growth and good returns, with the loan book up 6.4% year to date at GBP6.8 billion (31 July 2016: GBP6.4 billion).

Property Finance continued to perform well, with solid demand and strong loan book growth. Retail Finance benefited from strong growth in the premium finance business, while we continue to prioritise margins and credit quality in motor finance. Commercial Finance growth remained modest, consistent with the current point in the cycle.

Overall, the bad debt ratio remains in line with the prior year and the net interest margin also remained broadly stable, as we continue to apply our prudent and consistent lending criteria across all of our businesses.

Winterflood delivered a good performance year to date supported by continued strong retail trading activity throughout the period.

Asset Management continued to achieve strong net inflows and benefit from positive market movements. As a result, managed assets are up 9% year to date at GBP8.8 billion (31 July 2016: GBP8.0 billion) and total client assets grew 11% to GBP11.0 billion (31 July 2016: GBP9.9 billion).

Outlook

The group has performed well year to date and we remain confident in a good result for the current financial year.

[its the oxman] 12/7/2017 10:11

Bought back a few today 1470p. Hoping trading update and Sep results get us moving up again.

[suetballs] 06/7/2017 12:48

Took a few more today.
Suet

[its the oxman] 19/5/2017 07:56

Strong trading update today.

[its the oxman] 11/5/2017 08:53

Good timing. Also sold half my holding over 1700p. Other opportunities to pursue , but expect this to recover though.

[cwa1] 24/4/2017 08:36

OK, I've had an excellent run here and bagged some healthy dividends along the way. Things seem frothy this morning across the market generally and CBG has moved a touch with it. So I've decided to take a hefty profit and hop off the train for now. I usually sell way too early, so you guys that remain have probably got plenty still to go for, good fortune all :-)

[its the oxman] 14/3/2017 08:28

Yes. Very positive results. Should hopefully climb higher from here.

[pugugly] 14/3/2017 07:31

Excellent results - All metrics seem to be up (on a quick scan).

[its the oxman] 07/2/2017 10:02

Feels ready to break through 1500p.

[santar] 01/2/2017 12:01

Specialist bank Close Brothers falls 3.6% after Barclays cuts to "equalweight" from "overweight"

[cwa1] 20/1/2017 07:43

Upbeat update just released:-

[cwa1] 17/11/2016 09:35

Very solid, like it.

[its the oxman] 17/11/2016 08:17

Really positive update. Shares should move up.