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| 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
|
|
|---|---|---|---|---|---|
| 25.80 | 8.46% | 330.80 | 1,685,348 | 16:35:29 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 327.00 | 330.80 | 333.40 | 302.40 | 302.40 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Asset - Backed Securities | 1.03B | 100.4M | - | - | 458.99M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:37:19 | O | 302 | 331.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 28/3/2025 | 02:47 | ALNC |  The UK car loan scandal that could cost banks billions |
| 25/3/2025 | 15:45 | UK RNS | Close Brothers Group PLC Director/PDMR Shareholding |
| 20/3/2025 | 11:00 | UK RNS | Close Brothers Group PLC Director/PDMR Shareholding |
| 18/3/2025 | 12:00 | ALNC | EXTRA: Close Brothers forecasts cut amid margin warning, motor cloud |
| 18/3/2025 | 11:08 | ALNC | Motor finance hit pushes Close Brothers into the red at half-year |
| 18/3/2025 | 07:00 | UK RNS | Close Brothers Group PLC Half-year Report for six months to 31 January 2025 |
| 17/3/2025 | 15:30 | UK RNS | Close Brothers Group PLC Holding(s) in Company |
| 06/3/2025 | 17:55 | UK RNS | Close Brothers Group PLC Director/PDMR Shareholding |
| 05/3/2025 | 18:13 | ALNC | British Land leaves FTSE 100 as CCEP promoted; THG joins FTSE 250 |
| 03/3/2025 | 16:00 | UK RNS | Close Brothers Group PLC Total Voting Rights |
Close Brothers (CBG) Share Charts1 Year Close Brothers Chart |
|
1 Month Close Brothers Chart |
Intraday Close Brothers Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 27/3/2025 | 22:07 | CBG...A Banking Stock..........worth its weight in gold!!!!!!! | 2,326 |
| 03/9/2024 | 18:49 | Is Close Brother Up for a big rise | 18 |
| 15/3/2022 | 15:06 | Close Brothers | 151 |
| 11/4/2008 | 10:06 | A 'BLUE' BANK | 319 |
| 07/3/2008 | 09:41 | Winterflood Securities = Hidden Jewel | 224 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2025-03-27 16:42:53 | 331.00 | 302 | 999.62 | O |
| 2025-03-27 16:42:13 | 331.20 | 42 | 139.10 | O |
| 2025-03-27 16:37:19 | 330.80 | 2,454 | 8,117.83 | AT |
| 2025-03-27 16:37:07 | 330.80 | 2,055 | 6,797.94 | O |
| 2025-03-27 16:35:29 | 330.80 | 155,506 | 514,413.85 | UT |
| Top Posts |
|---|
Posted at 27/3/2025 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 305p.Close Brothers currently has 150,487,543 shares in issue. The market capitalisation of Close Brothers is -. This morning CBG shares opened at 302.40p |
Posted at 19/3/2025 10:11 by apple53 So even after the jump in STB's share price, it is cheaper on a PE than CBG using analyst estimates. I have a large holding in STB still. The glitch for me (other than no disclosure on motor finance until the results) has been that analyst estimates (marketscreener rather than stocko which I can't see) had not come down for 25 and 26, while I thought they should have put a motor finance hit into them. Well STB results were very good on the all important operating basis (check thread) with impairments continuing to drag down eps. If you listen to one of the two presentations you get very good explanations and there is a high probability of a sharp fall in impairments in 25 allowing the new higher operating profit base to shine through, so earnings power over the next couple of years is 250-300p (share price 575p). Ironically this means that analyst forecasts, at least for 25, might be about right. [NB despite the good results one analyst has already tweaked down 25, but I think it's more of a rounding error, or a catch up since the stock is so small they rarely revise it].The motor finance provision, based on 37 scenarios weighted for probability, is extremely modest. They accept two way risk, but given they are close to the 12% stated T1 minimum, they must believe that additional downside is very limited (note they grew the div, and still plan to growth the balance sheet materially). If anyone here has done some work on the look-through eps forecasts for when vehicle finance is done and dusted (based on the H2 24 numbers which I think some of you were disappointed by) it would be interesting to see which stock has greater 2-3 year upside. I guess you can look at the total motor finance bill (expenses plus redress) as a hit to equity rather than earnings. |
Posted at 25/2/2025 06:21 by stoopid Another short above 0.5% yesterday apparently? Yet price still rose at end of day to close nearly even. Interesting times ahead with CBG. Wonder when the CBAM money comes through if it will boost the share price significantly? With projected "profits" of 100m to 150m this year that means CBG are currently sat on a PE of approx 4. Too cheap by half? Will the supreme court throw a spenner in the works or resolve this issue favourably for CBG and other lenders? Not long to wait now... |
Posted at 15/2/2025 17:58 by popit apple“As I have written above, I don't think it's a binary outcome from the supreme court. Yes they could reinstate the initial court outcome (CBG, STB etc will fly)” I think STB may actually offer much better value than CBG They are on a forecast PE of about 3 and they are still paying a dividend of over 7% OSB are also very good value on a forecast PE of 5 and a dividend of over 7% and without the court case risk OSB have not really kept up with the share price rise of the other UK banks and so it may not be long before a bidder comes calling |
Posted at 13/2/2025 22:10 by jaknife Blackhorse23,"Group is facing significant cost and car financing payout , hence no dividends next few years, if so share price will decline gradually… investors will not be interested" You're assuming that CBG don't win the appeal against Hopcraft: If CBG win then it's stupidly cheap. JakNife |
Posted at 12/2/2025 11:07 by smithie6 chris9119thanks for replying We agree to disagree. We both know that in reality if big shareholders in a company are not happy with the performance or the share price then they can tell the bod to look for a buyer of the company or to wind it up or to do buybacks to raise the shareprice ( has happened at TST, LFI, TRX & many many listed shares At LFI the shares were 45p. The company is closing up & paying out ~71p/share. At banks the controlling shareholders will allow the share price to sit below the TNAV if they are happy with the growth & annual gain they are making as shareholders. If they think the growth will only flatline in future years rest assured that if the TNAV of a bank is double the share price that they will tell the bod to sell the assets & pay out the cash, or to sell the company. Shareholders own companies, in the end the shareholders tell bods what to do. |
Posted at 12/2/2025 09:44 by smithie6 ..yes, the nett interest margin seems to be quite stable, at ~7%a very good % margin Just need to let the wheels turn....let the one off costs fade away....& the underlying profit will again pop out as PAT & good eps & divi. And if doesn't then the major shareholders will imo just call a vote to wind up the company & pay out the TNAV of ~£9-10/share. How would the company achieve that ? Just stop giving out new loans, collect the returning money as existing loans are paid back & sell any loan books for any long term loans. Then pay out the cash to shareholders. But only if the eps after this compensation topic is history (which it will be at some time) doesn't get the share price back, at least close to the TNAV. (or another is of course to use the excess of £5-6/share to do share buybacks one can imahine that if start use/spend £5-6/share to do buybacks ...on a share costing £3.6 ...the share price would rocket upwards....if just 10% were willing to sell, then you are trying to spend £5-6/share & only £0.36 is available to be bought !!) |
Posted at 12/2/2025 09:03 by smithie6 chris9119The massive discount to TNAV doesn't attract you to buy any shares ? With the sale of CBAM & the payment of ~£165m compensation (if that ends up being the final amount) the TNAV stays roughly unchanged.... at ~£9-10/share. versus a share price of ~£3.6. If the share price does not move up then the major shareholders will call a vote to wind up the co. & pay out the TNAV to shareholders. ~£9/share. ;-) |
Posted at 11/2/2025 08:14 by smithie6 TNAV is ~£12 imo (£1800 million !) if one includes the expected £200m for selling CB Asset Mngmt. (£1600m (= ~£1860m shareholder assets minus ~£260m intangibles) + ~£200m from sale of CBAM= ~£1800. While noting these numbers are top level rough numbers. So, imo £12 +/- £1.Numbers from the statement if group assets & liabilities & resulting shareholder assets (= NAV, not TNAV ) from ~page 200 from the last AR) (sadly the accounts suffer very badly from WOKE'ism, 200 pages of data/information/blu £3.6-3.7/share is just crazy cheap imo At 2/3 of the TNAV leaving 1/3 (~£500m of cash !!) to hopefully (more than) cover any one off costs such as legal costs & any compensation liability ...you get £8.04 share price ! (& then in 1-3 yrs time, with the current problems all being past history, the validation would hopefully be higher than that since based on earnings & not as a discounted price wrt the TNAV From early in April the problem of high costs because of false claims from Claims Management Companies will be solved, over, finished. Over time the other current problems (such as legal costs for Supreme Court case, the unknown of any compensation liability etc) will imo also be history. One can buy now in advance or wait 1 year until a lot of these problems are gone/known amounts but imo you would have to pay a much higher share price). |
Posted at 08/2/2025 21:58 by smithie6 hi si34cknotethanks for those comments ...I'm sinking a bit perhaps in an info overload with these 2 companies, what with various RNSs in recent weeks & also news from legal battles & press articles & the boss of the Fin. Ombudsman news &.....!! Would it fair to say that VANQ shares win vs CBG shares for % discount to TNAV while CNG wins for PAT per £ of share. Would it be fair to say VANQ has less risk/exposure than VANQ, per £ of share price, to the car finance compensation risk & the risk of unwanted/expensive court decision ? CBG has an advantage wrt Vanquis imo wrt having more different business ventures (although it says it has agreed to sell 1, CBAM). |
Posted at 08/11/2024 22:51 by pj84 Well if you are looking for a more positive post.I will start by saying the share price is likely to remain depressed until there is anymore clarity on the eventual outcome from the Hopcroft case. Having said that the latest adjusted eps was 76p share and that would normally support an undemanding of market cap of about £8 (a PE of just over 10) which is roughly where the share price was before the main slide started with the motor finance review. Not too long before that it was even higher at around £10/share. The market cap with a share price of £8 was around £1.2 bn and it has dropped £900m since then to a current market cap of just over £300m. RBC's previous worst case scenario (not their base case scenario) was £420m and if the Hopcroft judgement widens the exposure their new worst case scenario is £640m. So arguably a drop of £900m already in the market cap more than reflects that worst case scenario. CBG has suspended the dividend to bolster it's capital and at the moment it is fairly certain that will continue next year and until this whole situation is both clarified and dealt with. Whatever the outcome it is unlikely it will all be dealt with in a single one off write off and is likely to remain uncertain for some time which should allow CBG more time to continue to bolster its capital position. If, however, there is a clear need to write of £640m next year and that a draws a line under the issue then CBG might need to raise capital but once it is dealt with what would the new share price be once the adjusted eps is again around 76p without any further write offs? The above is based on the current worse case scenario but whilst it looks unlikely what would the situation look like if any of the appeals are successful. As I say the share price is likely to remain depressed for the time being but I don't subscribe to the view that this is curtains for CBG. |
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