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CBP Curtis Banks Group Plc

349.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Curtis Banks Investors - CBP

Curtis Banks Investors - CBP

Share Name Share Symbol Market Stock Type
Curtis Banks Group Plc CBP London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 349.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
349.00
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Top Investor Posts

Top Posts
Posted at 17/12/2020 10:45 by fidra
Thanks for your reply Simon Gordon .not exactually sure what they get out of this company that I don’t !

Had a letter in from my favourite( non )provider announcing more fees from February.

Letter dated 10th surprised it was announced to investors before .makes me wonder that all the money collected will be going to a service which this morning was two calls long.
The first put through to a full answer machine.the second got contact after 12 minutes 36 seconds .

Guess what...... they will call me back.

I asked to speak to the compliance department .....should really have asked for the non compliance dept!
Posted at 05/10/2018 12:32 by typo56
Investors might like to check the employee reviews on glassdoor.co.uk Of course, these may be fake and/or a disgruntled minority. However, I've found Glassdoor gives a reasonably reliable insight into companies and in general the better performing companies have better Glassdoor reviews.

CBP scores 1.8/5.0, which is poor.
Only 41% approve of the CEO
Only 8% recommend to a friend. That's really poor.

There were two reviews last month from former employees.

26 Sep 2018
"If you don’t want to be valued, this is the company for you."
Former Employee - Anonymous Employee
Doesn't Recommend
Neutral Outlook
Disapproves of CEO

I worked at Curtis Banks full-time (More than 3 years)

Pros
Salary
People (not senior managers)

Cons
IT system not good enough
Senior managers don’t value their staff
Have grown too rapidly, processes not in place

22 Sep 2018
"Grew fast, fell quickly"
Former Employee - Anonymous Employee in Bristol, England
Doesn't Recommend
Negative Outlook
Disapproves of CEO

I worked at Curtis Banks full-time (More than 3 years)

Pros
Nice people, good location, good Christmas parties

Cons
Lack of strategic thinking. Company expanded so quickly that some departments running inefficiently and independently, so cross company comms are poor. Mass exodus of the good staff over past two years since buying out Suffolk Life, when the rot really set in. Those left over dealing with a culture clash of trying to wedge two very different (politically and operationally) companies together. Pretty miserable stuff …
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Advice to Management
Show some leadership and motivate your people
Posted at 17/1/2017 15:08 by schmally
Nest and auto enrolled members are a totally different demographic and market segment compared to CB and other genuine full Sipp providers. NEST accommodates a low cost limited fund range. Full SIPPs accommodate assets that can't be homed on an investment platform such as commercial property and will remain an ideal solution for HNW and more sophisticated investors, plus clients requiring more flexible drawdown options. CB is however facing huge challenges in terms of being able to maintain its historical growth rates due to a lack of financially viable acquisition targets. Even after the plunge in share price CB's current PE suggests an expectation of continued rapid growth which simply won't happen organically.
Posted at 10/10/2016 11:04 by schmally
I think it's only now started to dawn on investors that Curtis Banks now have very limited viable acquisition opportunities of any scale left to target. They have hoovered up some low hanging fruit, but many of the remaining "full SIPP" providers are simply poor value, or hold too many non-standard, potentially toxic investments on their books that could result in significant future liabilities, in the event of multiple claims.

There may be a few smaller acquisitions still to come, but CB may now have to target a platform SIPP provider to open up volume SIPP markets, but this space is congested and any acquisitions are likely to be beyond CB's current means, unless they make a call to the market or increase borrowing.

They also risk spreading themselves too thin, with a lot of tricky acquisitions that can't easily be consolidated within a generic operating model, so it's not always easy to drive economies of scale.

Interest earnings will also have all but fallen to zero and are unlikely to increase significantly for a while.
Posted at 06/10/2016 08:12 by simon gordon
Investors Chronicle - 6/9/16:

House broker Peel Hunt downgraded its forecasts for the years ending December 2016 and 2017. It now expects adjusted pre-tax profit of £7m and EPS of 10.8p in 2016, rising to £9.9m and 14.7p in 2017.
Posted at 28/5/2015 13:20 by thorne1
This is a top quality business providing access for investors to an attractive new area in the financial services sector.The company aims to be a consolidator and will be able to benefit significantly from economies of scale.The business has very quickly attracted a firm following and should provide a profitable experience for investors over the next few years.

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