Close Brothers Share Discussion Threads

[jonnybig] 26/9/2022 09:10

Results tomorrow. Hoping for a 5% increase in final dividend.

[suetballs] 05/8/2022 09:25

I agree - the market is seemingly unable to reward good news.
And the press is having a field day - it could be the end of the world! But we have been there many times before.
Suet

[thebutler] 05/8/2022 08:44

Probably putting the kiss of death on CBG, but now confident they're now on an upward trend. The very good update released a couple of weeks ago seemed at first to have gone unnoticed.

[lindowcross] 29/6/2022 07:29

I first bought these in September 2010 at £7.10, during the banking crisis and have traded them occasionally since then. Absent nuclear winter and/or a really steep recession, they seem very good value. I've recently bought three separate tranches and if the pattern of the last 12 years holds good, expect to sell at a higher price in due course.

[cirlbunting1] 21/6/2022 12:52

CBG Bull & bear case

Note: this is a very long thread. If you have the time, have a read. No harm in
beefing up your knowledge as an investor.

I’ve also made the spreadsheet public, so you can freely copy 5 yrs worth of data. Enjoy

[pj84] 14/6/2022 23:24

RBC SEES 'GOOD ENTRY POINT' INTO CLOSE BROTHERS GROUP, UPGRADES SHARES
(Sharecast News) - Analysts at RBC Capital Markets upgraded their recommendation for shares of Close Brothers Group from 'sector perform' to 'outperform'.
In their opinion, the merchant banking group's valuation now offered a "good entry point".

They further pointed out how Close Brothers' "consistency of earnings has meant that the stock has historically been defensive through recessions."

Their target price was bumped up from 1,250.0p to 1,300.0p.

[woolybanana] 03/5/2022 12:24

This share keeps dropping, getting fed up with it. Bloody awful management, bad loans or what? Anybody got an idea, please?

[uhound] 24/3/2022 17:27

Looks good value here and tempted to buy, but thought that the last time it hit 1200p in February!

Recent director buy and results should help sentiment.

Maybe tomorrow!

[thamestrader] 15/3/2022 17:29

Bought back in this aft.

[km18] 15/3/2022 15:06

Close Brothers Group PLC comprises departments offering financial services to UK small enterprises. It is involved in the commercial, retail, property, asset management and securities divisions, signifying that the firm provides diverse savings products, business savings, pension deposits, asset finance, lending, commercial vehicle hire, insurance premium finance and property finance products. Given the robust diversified funding structure, the firm managed to derive multiple sources of income and thereby operating profit stood at £128.9m. The firm optimised income growth in banking by 12% and asset management by 14%, which were reflected on the firm’s profitability. As a result, Close Brothers Group PLC derived an attractive EV/EBITDA of 30.83, thus capturing intrinsic value while providing a robust dividend yield of 5.59% to investors. The company is able to fund its operating, investing and financing activities effectively, illustrated by the P/FCF of 29.2. From a valuation perspective, the firm’s P/E ratio stood at 8.8x, significantly lower than the financial sector P/E ratio of 24.7x, which in turn signifies that Close Brothers Group PLC is undervalued with respect to the financial sector and thereby cheaply available for investors to purchase the stock, since the firm’s stock is expected to surge in value.



Keep up to date with WealthOracle AM

[peter27] 15/3/2022 09:29

I have held these for over twenty years. A solid base for any portfolio. I also trade a portion from around this price until they rise to 14/15 which they will and sell before the next drop.

[topvest] 21/2/2022 15:00

I've made a purchase today. It shows as a Value trap style in Stockopedia, but I don't agree. It's just a boring UK stock turning out low growth, solid results, a 5%+ dividend and a c15% ROE. I'm happy to hold long-term. It should also benefit from increasing interest rates as banking is by far the biggest division, so things are looking fairly positive from an outlook perspective.

[the diddymen] 20/2/2022 21:16

CBG is more a reflection on perceptions of the UK economy rather than the underlying story. I jumped ship for this reason. The underlying operations seem to underpin the historic value and I would expect the price to come back as investors evaluate the UK market.

[cwa1] 21/1/2022 16:13

Didn't SEEM like a 6% off type of announcement :-)

[cwa1] 21/1/2022 07:53

Yes, all sounds solid and satisfactory to me:-



Close Brothers Group plc ("the group" or "Close Brothers") today issues its scheduled pre-close trading update ahead of its 2022 half year end. Close Brothers will release its half year results for the six months ending 31 January 2022 on 15 March 2022.

All statements in this release relate to the five months to 31 December 2021 ("the period") unless otherwise indicated.

Adrian Sainsbury, Chief Executive Officer

"We have seen good momentum in our business, as we continue to make the most of opportunities in our core markets. We are navigating the current environment effectively and remain confident that our proven and resilient model, supported by the hard work and expertise of our people, leave us well positioned to protect, grow and sustain our business over the long term.",/i>

...

Outlook

The group has performed well so far this year and expects to deliver a solid first half performance across our businesses. Although we remain mindful of ongoing uncertainty, we are well placed to continue to make the most of opportunities in the remainder of the year.

[suetballs] 21/1/2022 07:39

As expected no fireworks - usual stuff and steady as she goes.
What about an acquisition or two?
Suet - long term holder and perhaps boring is good these days.

[suetballs] 20/1/2022 15:47

I think they'll just trot out the usual blurb - imo can't see any fireworks.
Suet

[cwa1] 20/1/2022 15:34

Hopefully the update tomorrow will be satisfactory...or better...

[thamestrader] 17/12/2021 13:01

Undemanding P/E, decent divi, good 'value'.
But value doesn't count for much nowadays.

[woolybanana] 17/12/2021 12:48

Agreed about disappointing but why; were they overvalued?

[thamestrader] 01/11/2021 15:40

This has been very disappointing lately. The only red in my portfolio today.

[thamestrader] 14/10/2021 08:04

Don't panic! Ex-dividend.

[ih_451482] 01/10/2021 12:22

Bought in today - credible commentary around CBG as possible TO target.

[thamestrader] 28/9/2021 08:11

Nice looking results, ".....although the trajectory remains uncertain."

[thamestrader] 28/4/2021 16:00

Yes, at 1551p on 21/4.