Close Brothers Share Discussion Threads

[suetballs] 15/5/2024 12:22

Can't see cbg saying overly much about potential liabilities until the FCA lays its egg.

Suet

[stoopid] 15/5/2024 11:40

A week to go and maybe then inveators will get some clarity/news from CBG about the car loans debacle.I'm hoping that there will be no more Novitas liabilities announced and that failure will be over and done with. Hopefully Winterflood will report better business and will be interesting to see what cash pile or provisions CBG will make for any FCA sanctions. Hopefully will see this rise back above 500 and onto 600 of news is good....

[dplewis1] 15/5/2024 08:12

hTTps://www.thetimes.co.uk/article/car-finance-compensation-claim-worth-it-uk-holly-mead-503sbmbvw

[j2m] 10/5/2024 20:10

Yes agree. Can't see why it shouldn't reach £8 levels again this year. Skipping the dividend should more than pay for any FDA indescreditions they may find. I'm of the opinion that you read the small print and if you miss anything then that's your bad!! Everyone knows that buying a vehicle through loans is a pretty daft and expensive thing to do.

[tsmith2] 10/5/2024 09:20

hoping for a swift move to £6

[tsmith2] 10/5/2024 09:16

worth the extra's day wait :)

[dplewis1] 10/5/2024 09:15

There she goes.. excellent

[tsmith2] 09/5/2024 12:09

Yes, v much think so

[jonnybig] 09/5/2024 08:52

Over a fiver today?

spud

[tsmith2] 08/5/2024 16:37

strength into close

[dplewis1] 08/5/2024 16:27

Not plopping into the close today which is nice .. hopefully a 5 handle tomorrow

[stoopid] 05/5/2024 03:00

Would love to see momentum build here but with the liabilities for the car finance scandal still hidden/undeclared for the moment who knows. Maybe we will get an idea or some clarity on the 22nd, would be nice. Will be interesting to see if Novitas liabilities have cleared the books, they were about £100m last year (can't remember exact figure).Also, has Winterflood has performed better? Reading across from HL and AJ Bell I'm hoping it has. My simple logic says that if CBG was allegedly undervalued at 800 before this Car Finance scandal then surely it must get back there once this is all over.And if the provisions for it are not as onerous as feared by the everyone then with the suspension of the divi and other capital raising efforts CBG could be sitting on a cash pile of maybe £200m - 400m and declaring profits of 200m? A share price of 800 would seem cheap then.

[tsmith2] 04/5/2024 21:42

Close Brothers Group plc will release its scheduled trading update for the third quarter to 30 April 2024 on 22 May 2024. would expect momentum to start building

[tsmith2] 03/5/2024 08:53

about to poke head above recent headline..

[davius] 02/5/2024 17:59

Unusual, 211K uncrossing trade at 479.4p when they were trading up to the close at around the 472p level.

Someone happy to take them on at that price.

[tsmith2] 02/5/2024 16:46

decent surge at day's end

[mustau] 01/5/2024 14:48

Nasty shake yesterday with all those small trades.

[faz] 30/4/2024 14:51

jonnybig, what? if Winterflood contributes little why would they get a decent price?

[j2m] 30/4/2024 08:51

O yes see that now;) TS for period UP to 30/04 on 22/05.

[j2m] 30/4/2024 08:08

No trading statment?

[jonnybig] 29/4/2024 17:44

Cbg should sell winterflood. It's non core and contributes little. I'm sure they'd get a decent price.

spud

[dplewis1] 29/4/2024 11:25

Would agree there, as do many US private equity companies and corporates. Hope you do well on this one I am equally as positive on the outcome for CBG

[jaknife] 29/4/2024 09:47

LOL!

I'm super bullish on the UK full stop at the moment, just only sensible companies!

Come along to Mello in May:



and you'll find lots of such "sensible companies" presenting!

[dplewis1] 29/4/2024 09:32

Jak - you're actually bullish on something..?! I enjoy your takedowns of rampers on these forums, just a surprise to see you think something might do well :)