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CBG Close Brothers Group Plc

-0.50 (-0.07%)
Last Updated: 12:36:07
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Close Brothers Group Plc LSE:CBG London Ordinary Share GB0007668071 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.50 -0.07% 766.50 43,654 12:36:07
Bid Price Offer Price High Price Low Price Open Price
766.00 768.50 772.00 762.50 765.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Asset - Backed Securities 1.01B 81.1M 0.5390 14.26 1.16B
Last Trade Time Trade Type Trade Size Trade Price Currency
12:33:47 AT 145 766.50 GBX

Close Brothers (CBG) Latest News

Close Brothers (CBG) Discussions and Chat

Close Brothers Forums and Chat

Date Time Title Posts
23/11/202313:53CBG...A Banking Stock..........worth its weight in gold!!!!!!!488
15/3/202215:06Close Brothers151
11/4/200810:06A 'BLUE' BANK319
07/3/200809:41Winterflood Securities = Hidden Jewel224
24/1/200814:38Wow - Whats happening ?68

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Close Brothers (CBG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

Close Brothers (CBG) Top Chat Posts

Top Posts
Posted at 01/12/2023 08:20 by Close Brothers Daily Update
Close Brothers Group Plc is listed in the Asset - Backed Securities sector of the London Stock Exchange with ticker CBG. The last closing price for Close Brothers was 767p.
Close Brothers currently has 150,472,242 shares in issue. The market capitalisation of Close Brothers is £1,156,379,180.
Close Brothers has a price to earnings ratio (PE ratio) of 14.26.
This morning CBG shares opened at 765.50p
Posted at 14/10/2023 21:08 by stoopid
Questor write up hasn't helped much.... People worrying that the recession hasn't properly hit yet. Lagging by 12 months behind the interest rate rises..... so, maybe more a lot pain to come for CBG on their loan book.....
Posted at 04/10/2023 09:45 by pj84
Against the backdrop of the latest downturn generally about US rates staying higher for longer (hope we are getting close to the end of this latest interest rate cycle) questor has written a positive update on Close brothers.

It notes the recent bad news on the latest Novitas provisions and increase in bad debts but these are now in the past and the following is questor's forward looking view: -

"More encouragingly, the loan book grew by 5pc, the net interest margin barely flinched at a very healthy 7.7 percentage points and the asset management arm generated business inflows, in stark contrast to the outflows suffered by many rivals.

In addition, the balance sheet is sound, since a 13.3pc “common equity tier 1” (CET1) ratio easily exceeds the 9.5pc required by the regulator.

Nor should investors forget that Close Brothers’ banking arm tends to come into its own during tougher times, as it tends to lend contra-cyclically, when mainstream lenders are running scared.

This helps the bank to make that fat net interest margin. Best of all, the share price slide means a lot of bad news may already be factored into the valuation.

A £1.3bn market value compares with shareholders’ funds, or net assets, of £1.64bn. Strip out £264m of intangible assets and the tangible book value is £1.38bn, so the shares trade around book value.

That, and a forecast dividend yield of some 8.3pc, should help to provide some protection as shareholders patiently await a recovery in earnings. Hold."
Posted at 03/10/2023 13:41 by maxk
After a spell in the doldrums and a dividend rise these banking shares yield 8pc

Questor share tip: a lot of the bad news related to this financial stock is already priced in

Russ Mould
3 October 2023 • 6:00am

A £1.3bn market value compares with shareholders’ funds, or net assets, of £1.64bn. Strip out £264m of intangible assets and the tangible book value is £1.38bn, so the shares trade around book value.

That, and a forecast dividend yield of some 8.3pc, should help to provide some protection as shareholders patiently await a recovery in earnings. Hold.
Posted at 27/9/2023 15:41 by pj84
Hargreaves: Close Bros rewards investor patience

Close Brothers (CBG) is not firing on all cylinders despite better-than-expected results, but its dividend is still one of the highest quality in its sector, says Hargreaves Lansdown manager Steve Clayton.

Clayton holds the Citywire Elite Companies A-rated private bank in his HL Select UK Income Shares fund where it makes up 1.8% of the £143m of the portfolio.

The company reported that profits declined 20% for the year as positive loan growth in the banking business was offset by rising operating costs and an increase in bad debt provision.

Clayton said the results were ‘pretty solid compared to market expectations’ and although full-year 2024 has started well ‘the group is still not firing on all cylinders’.

It did, however, post a ‘modest 2% increase in the dividend to 67.5p per share’ and hinted at enhanced shareholder returns in future, which Clayton said reflected ‘its ability to deliver growth through deploying surplus capital into new opportunities’.

‘We consider Close Brothers’ dividend to be one of the highest quality payouts in the financials sector,’ said Clayton. ‘The group has ample reserves, earns attractive returns and generates capital organically on a consistent basis. To see those qualities attached to a yield of over 8% is pretty uncommon, and whilst the group may not yet be firing on all cylinders, investors are being paid handsomely to wait for it to do so.’

Shares in Close Brothers slipped 1.9%, or 16p, to 836.5p on Tuesday.
Posted at 27/9/2023 11:32 by stoopid
Bought in yesterday, 832. Thought it was a great price. 10 year lows and nearly 8% Divi. Results were excellent apart from the £100m ish Novitas hit....
Posted at 26/9/2023 10:49 by the wook
Posted at 20/9/2023 11:21 by its the oxman
Nope , but at least the shares are up. Still massively cheap here. Hopefully someone will running the slide rule over cbg itself.
Posted at 14/5/2023 15:43 by pj84
At the half year the company were keen to emphasise the business was coping well with the business cycle excluding the Novitas provisions and made a modest increase in the dividend based on the underlying income and if that confidence is maintained at the year end results then potentially the dividend yield will be 7.5%.

The qtly trading update is due in just over a week and it will be interesting to see what that brings. Unless their is anything to suggest a cut in the final dividend hopefully the worst of the share price weakness has already been priced in.
Posted at 10/4/2021 14:35 by papillon
Couple of charts for you, TD. A 10 year chart, which shows that the CBG share price has peaked in the 1600-1700 range a number of times in the last 6 years and a 1 year Ichimoku Kinko Hyo chart which shows (see arrow) that the CBG share price entered a strongly bullish phase (rose above the "cloud") at the start of November. The Ichimoku chart is still strongly bullish, but CBG has had a good run over the last 5 and a half months. Will it continue? Keep an eye on the Ichimoku chart for a possible answer!

free stock charts from

free stock charts from
Posted at 15/2/2021 09:54 by the diddymen
TT - I am not really invested for capital gain and I am now looking at return on capital invested. CBG should be able to sustain a respectable dividend, and the risk premium between a deposit account and a share like CBG is now significant. In my view the CBG share price is a symptom of arbitrage between bank interest and dividends.

Close Brothers share price data is direct from the London Stock Exchange

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