Close Brothers Share Discussion Threads

[ukneonboy] 27/9/2006 17:19

Not sure if you gonna see £9 (Silverfern) unless the market cr*ps out on everybody.

This bird has got wings and its gonna fly !!!

Good Luck Anyway !!!!

UKNEONBOY

(-;

[silverfern] 25/9/2006 18:09

FWIW, I have always rated this company which delivered over 20 years increased profits til 2001. THey 've been up and down since because their bueinss has matured and growth steadied. THe results are great but ook at the comment about the forthcoming year. That explains the sell off. IF it falls much below 900p I will buy in though because they have only been cautious not negative IMHO

[ukneonboy] 25/9/2006 08:10

Managed to grab 1087 CBG shares @ £10.03 just as the market opened................what a steal !!!!!!

UKNEONBOY

:-)

[ghk] 25/9/2006 08:04

Absolutely agree with UKNEONBOY's earlier comments. These results are spectacular to say the least. The 41% increase in pre-tax profits was far better than I was expecting.

Worth buying a few more CBG shares to grab the tasty dividend I.M.H.O

GHK

[ukneonboy] 25/9/2006 08:00

Fantastic Results !!!!!!!!!!!!!!!!!!!!

Massive increase in pre-tax profits

Substantial increase in the dividend

Positive trading statement

Based on these latest results CBG shares are FAR TOO CHEAP at £10

UKNEONBOY

:-)

[ukneonboy] 21/9/2006 11:45

Final results due out Monday 25 Sept 2006

(and for what it's worth, I expect them to be good results too)

UKNEONBOY

:-)

[ghk] 31/8/2006 12:16

Yes, I tend to agree with UKNEONBOY on this one. Merchant Banks generally make most money in steady and stable markets. In addition to its UK market-making / share dealing operation, Winterflood Securities, Close Brothers Group should have benefited from increased investor demand for both Venture Capital Trusts (VCT's) and its Close Inheritance Tax Service (CITS) which basically uses AIM shares to reduce "potential" Inheritance Tax liabilities.

All in all, CBG shares are just too cheap at 915p - its a quality business with quality staff and quality products.

GHK

[ukneonboy] 31/8/2006 12:05

Worth a "buy" ahead of the Final results (due out late Sept 2006)

UKNEONBOY
:-)

[yf23_1] 02/7/2006 23:15

Can anybody tell me, in the March Interims...

operating profit up 19%

but

Administrative expenses 160m (137m)

up a whacking 17%

Whats that all about then. One would have thought that they would be geared agaist more business.

This doesnt bode well for any downturn since admin expenses may remain high whilst operating profit drops.

[scansick] 11/5/2006 16:34

citibank upgrade £13 target

[keithcam] 11/5/2006 13:50

Whats going on today, Why the rise?

[norfolkdumpling2] 17/2/2006 15:15

I wondered why the CBG thread had died when I suddenly spotted this later thread.

I am a long term holder having originally bought at just over £5. The last four months have been spectacular.

The question is just how much further can it go. Although this share happens to be one of my core long term shares I would not be particularly happy watching this one go back to £7/8

[nightcrawler] 09/1/2006 18:44

I DO NOT believe it! I DO NOT believe - Somebody beat me please!

[nightcrawler] 03/1/2006 18:17

I know - well I know this company was solid from 2000 but with its ups and downs i thought id sell and buy back in when next down. But typicla this time its going up - at last :( oh well to late now got other which are moving so better move to watching and dealing with them - good luck to all your current holders! and Happy New Year

[scansick] 22/12/2005 18:42

you so called sellers are all very quiet is it that you understimate the company and it s solid fundementals

[nightcrawler] 07/12/2005 13:04

A few buys and price spike ?? Any good news coming ?

[ghk] 02/12/2005 12:11

Agreed, the CBG share price has had a phenomenal upward spike during the last 6 weeks. The Directors are now selling their own (CBG) shares so I think its time to do the same, and take a healthy profit.

[ukneonboy] 02/12/2005 12:04

(Another) 3rd CBG Director recently sold CBG shares according to RNS. (exercised share options @ 391p per share and then sold @ 858p).

Admittedly this sale by P L Winkworth is only small in comparison to the 2 earlier Directors's share sales, but a pattern of "sells" seems to be developing in CBG.

Directors would NOT normally sell their own shares IF THEY EXPECTED THEM TO ROCKET UPWARDS, AND REMEMBER THEY HAVE A BETTER KNOWLEDGE OF HOW THE BUSINESS IS PERFORMING THAN YOU, ME, CITY ANALYSTS, ETC.

I'm following the Directors lead and taking a profit !!!!

I'll consider buying again at 800p or less in the future (maybe), but for now the share price looks "over-extended and overvalued" I.M.H.O

UKNEONBOY

:-)

[nightcrawler] 30/11/2005 17:10

There is still alot more buysthan there are sells. I still think this stock could reach £8.90... What does everyone think

[ukneonboy] 25/11/2005 16:08

2 Directors recently sold CBG shares according to RNS. (exercised share options and took the money)

[johnainsworth] 27/10/2005 20:33

Trades for the day seemed evenly spread between buys and sells. It seems odd that the share price should rise so much then. Any rationale?

There were, however, about 60 or so trades where only 1 share was traded. Why? Is this being done to manipulate the market somehow?

[johnainsworth] 25/10/2005 19:30

Totally agree with everything you say UKNEONBOY. The potential is there OK and I will be back in again within a few weeks. However, I still expect the price to fall further, maybe 720ish by end November.

As I said earlier, I've watched and traded CBG for a few years now so I feel confident that come next March it will be up in the region of 850 - subject to the bottom not falling out of the market.

[ukneonboy] 25/10/2005 12:55

Well done, good "short-term trading sells" by Farsight, johnainsworth, warriorboy, etc.

I suspect that the 200+ point decline in the Footsie has PROBABLY helped your cause (and I'm not being sarcastic or critical here), I just see Close Bros Group PLC as an "undervalued and under-researched company" with tremendous potential.

I thought they were cheap at 730p, and I didn't think CBG looked particularly expensive at 800p so at around 750p they do look an interesting bet, as the markets recover.

UKNEONBOY

But as the saying goes - it's never wrong to take a profit !!!!