Close Brothers Share Discussion Threads

[cirlbunting1] 15/2/2024 16:15

Anyone had a look at call options for sep/dec expiry? Would be interesting to see what the prems on those would be.

[tsmith2] 15/2/2024 14:56

https://www.closebrothers.com/sites/default/files/IR%20Consensus/CBG%20Company-compiled%20consensus%20-%20dated%2023%20Nov%202023.pdf

[tsmith2] 15/2/2024 14:54

Lol. of course

[popit] 15/2/2024 14:46

A highly dilutive Rights Issue is very possible here now

Perhaps a 1 for 1 at £2 to raise £300 million

[tsmith2] 15/2/2024 14:12

more than 1/2 in the last month? is the probe really that costly to CBG, v much doubt anywhere near

[tsmith2] 15/2/2024 14:00

Was walked down from 340-330p on not much volume earlier on, think it'll be walked up back to there today

[babbler] 15/2/2024 13:57

Management can't control the FCA actions

[sandeep67] 15/2/2024 13:49

will rise to results in March and fwd guidance and then neutral update on FCA. By then 3-4 millions will probably be lodge on MSE and the heat hindsight questions will be asked.

[tsmith2] 15/2/2024 13:39

Looks like seller cleared

[1knocker] 15/2/2024 13:20

I held Close a few yers back and made quite a bit on it, as I managed to sell on a spike and get back in much lower before selling out finally comfortably above my re-purchase price, as well as picking uop some decent dividend income . Can't now remember why I sold - probably just because it looked a bit toppy - but it was a good thing I did. I have looked at it once or twice since with a view to re-purchase, but (fortunately) did not press the buy button.

Still not sure how it has managed to fall apart so comprehensively. During the period I held the shares the management seemed to be on the ball.

[datait] 15/2/2024 12:04

I think as we go into the close of business this will be down much further.

[sandeep67] 15/2/2024 11:55

CBG have said margins are currently very profitable due to high rates. This stock is very binary after today's RNS, but how to play it, trade it is anyones guess, but yes lower or higher take a pick. Once shorts exit this will go up, once FCA come out in Sept, it will either sink a little bit or shoot up. Either way the market is pricing in Div cut and FCA a d ignoring the positive.

[datait] 15/2/2024 11:48

This will fall much further, many working from home don't need their cars. Many investors here will sell with no div

Lloyds will do well off setting this as loose change after interest rate rises.

[jostrummer] 15/2/2024 11:37

thinking of buying a few but it cannot hold onto any rise, even for a few mins..

[cirlbunting1] 15/2/2024 11:23

First divi cut for a fiscal year ever i think. Only once did it cancel it in april 2020. This goes back all the way to 85.

[albert arthur] 15/2/2024 11:14

Bounce a bit off the 275, could do a ride and drop further before another bounce.

[yieldmonkey] 15/2/2024 11:12

Reminds me of what my old boss used to say to me many years ago...

"NEVER lend money to a leasing company"


....and he was MD of very well know clearing-bank owned leasing commpany!!

[tsmith2] 15/2/2024 11:06

capitulation

[eeezeeetiger] 15/2/2024 11:03

Small change to Lloyds but a big hit here proportionately.

[jubberjim] 15/2/2024 11:00

Guess what

I m on the fence growing callouses !

But Lloyds appeals more what with results due

Will give a further clue

[cirlbunting1] 15/2/2024 10:58

Just heavily institutionally owned and no doubt part of most of their "high dividend portfolios".

[albert arthur] 15/2/2024 10:57

It's going for the fib I posted weeks ago.

[sandeep67] 15/2/2024 10:55

meanwhile Lloyd's the most exposed is unfazed