Curtis Banks Share Discussion Threads

[topvest] 07/9/2023 15:30

Looks like this has the regulatory approvals, just ahead of the long-stop date. Good news!

[topvest] 19/7/2023 18:58

I have just frustratingly noticed that the takeover is being looked at by the CMA. Not even a proper RNS!

This maybe underlines sometimes taking less money when its announced rather than waiting for completion. No dividend and now possibly no deal!

This seems a bit excessive for a combined Nucleus/CBP £80bn AUM given the SIPP market is worth c£500bn in the UK. UK regulators seem to be getting a bit of a reputation for being too slow and way too onerous. Seems to me that they are too often destroying value for shareholders, customers (through cost savings) and UKs tarnished reputation.

Well awaiting the deal finalisation doesn't look too smart now. Anyway decision is about 2 weeks before the Long Stop Date. Share price has obviously reflected these concerns for a while - must be a high risk of the deal not completing now.

"The Competition and Markets Authority (CMA) is considering whether it is or
may be the case that this transaction, if carried into effect, will result in
the creation of a relevant merger situation under the merger provisions of the
Enterprise Act 2002 and, if so, whether the creation of that situation may be
expected to result in a substantial lessening of competition within any market
or markets in the United Kingdom for goods or services."

[live ink] 15/5/2023 11:35

Gentlemen,

I seem to be unable to obtain from CB a clear statement of my gross pension and tax deducted therefrom on my account for 22/23.

A friend, a solicitor, tells me that he had to instruct a barrister to draft an appropriate letter to force Curtis Banks to disgorge his money. He thought this extremely tiresome.

The regulator is reluctant to do anything and therefore does not correspond with the claimant.

This leaves taking the matter up with HM Treasury: has anybody else had similar unsatisfactory experiences?

Live Ink (Simon Cawkwell)

[ingroid] 15/3/2023 22:24

Appreciate if anyone say when funds are likely please

[topvest] 06/1/2023 16:06

Yes, great news. For tax reasons I will await the cash in Q2, but another good outcome 'flushed-out' by Harwood and Odyssean. Odyssean are having a strong run on spotting takeovers.

[baldguvnor54] 06/1/2023 11:18

Well topvest, it looks looks you got what you asked for- cash at 350p. Given the 53% acceptance by shareholders through Irrevoc's and LoIs this should go through. Given time value of money am tempted to sell in the market

[topvest] 25/11/2022 13:27

This deal looks a reasonable outcome for shareholders providing its a cash deal at 350p or something close to that. I suppose there is the remote chance of a reverse takeover but NFG went private itself a few years back, so unlikely.

[topvest] 31/3/2022 07:19

Results just OK. Happy to hold until some sort of transformation arises.

[brummy_git] 22/12/2021 11:09

Christopher Mills talks positively about Curtis Banks (07:50) here.

www.linkedin.com/feed/update/urn:li:activity:6879354290515841026/

www.youtube.com/watch?v=cG7_82WZdmc&t=2135s

[brummy_git] 20/12/2021 11:16

Curtis Banks (21:50) discussed here by capital markets expert, Jamie Constable of Singer Capital Markets.

www.youtube.com/watch?v=r0KwCRse9Zk

[supernumerary] 27/9/2021 10:33

In the end I transferred from Curtis to iWeb (run by AJ Bell). No reasons for regret so far. I suspect the writer is on solid ground looking for 'not superb' results.

[tmfmayn] 27/9/2021 08:15

[SharePad] Screening For My Next Long-Term Winner: Curtis Banks #CBP

"I do not think future growth has to be superb for the shares to stand a fair chance of outperforming the higher-rated Hargreaves Lansdown and AJ Bell."

[fidra] 24/2/2021 11:44

Seventeen years I have been there,cost then was about £200.00 per year.

I decided to move as they would not let me hold Argo blockchain shares in my sipp.(arb)

Had about 450,000when I had to sell last April.

They told me last night my broker had quoted them 10 days to move the cash and only cash to move as everything I sold to stop them holding it up further.By 9.15 the money had been transferred this morning.

That’s 9 days 23 hours and 40 minutes faster than they were obviously hoping for!

Will see how long it takes them now to put in aj bell account.

Interestingly my broker who I have been with for 28 odd years ,and the director I have dealt with,for now 20 years said his sipp was at aj bell.

[supernumerary] 24/2/2021 11:18

I'm hardly surprised the transfer out team is experiencing 'larger volume than usual' - I only transferred in 4 years ago and since then fees have nearly tripled. The 'permanent' discount disappeared after a couple of years, and now there's another big jump. Won't do - once trust has gone, you never know where it will end.

My transfer in was a dreadful experience, although I can't blame it on Suffolk - they were stuck in a row between investment managers - which has made me very wary about attempting another. Sadly, I don't believe I'm left with a choice.

[fidra] 24/2/2021 10:18

Yes sure is .

What I don’t understand is the email specifically from the transfer out team which says they are experiencing larger volume than a normal .They then add it may take a fourth day before they can answer.


Yet they don’t appear to be reporting this to the market that they are losing customers.
So I just suspect they are not really interested .I would also say pre covid .... yes it has been that long,that the delay was the same .

So really just poor management .

Maybe I should try the transfer in team maybe they do the work in a day !

[fidra] 17/12/2020 10:45

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!

[thewheeliedealer] 08/12/2020 21:24

Hi all,

My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast a few days ago and part of our discussion includes CBP which is one I noticed the other day and I think it looks pretty tempting. We also chatted about loads of other Stocks and Ideas for research. We discussed the outlook for Markets and the most likely roadmap for the next couple of months, and as usual a fair bit of educational stuff with regards to Investing.

Anyway, if you use Apple, Audioboom, Overcast or Spotify you can find it under the 'Conkers Corner' Channel (you want Podcast TPI 37) and you can find it on Soundcloud at the link below. It is also now on Youtube.

I hope you enjoy it and find it useful, we try to keep them light and they are totally unscripted.

Cheers, WD
@wheeliedealer

[simon gordon] 05/12/2020 13:14

Curtis Banks - 4/12/20:

Curtis Banks Group CEO Will Self spoke with Proactive London to discuss the £5m the Curtis Banks Group has committed to invest in technology to enhance our proposition.



-----

EDIT - this video is like being thrown a bone without any meat. Why can't they share the same detail shared with the analysts and fundies!

[simon gordon] 05/12/2020 12:02

Fidra,

Sorry to hear that.

A couple of people I know who have SIPPs with them rate them highly.

-----

I wonder if Dunstan Thomas have been bought so they can build a platform that will enable them to compete with AJ Bell and HL. At the moment they only market their SIPPs through IFAs.

Direct to consumer would be an avenue for growth but it'd cost a bit to take these two on and maybe that opportunity has passed.

Can they build a new platform that changes some part of the market to create a gold mine?

[fidra] 05/12/2020 11:46

I have been trying to transfer my pension from these pirates for just over a year now .completely useless and rampantly overcharge compared to the rest of the market .

And provide no service for the money apart from what I already have from my broker.

[simon gordon] 05/12/2020 11:40

As well as putting up prices, they could charge monthly or quarterly to speed up cash flow.

Be interesting to find out what the big idea is with Dunstan Thomas.



Dunstan Thomas Group Limited is a subsidiary of the Curtis Banks Group. Curtis Banks acquired Dunstan Thomas Group Limited and its subsidiaries in August 2020. The subsidiary companies are the trading entities for Dunstan Thomas. The subsidiary companies are:

Dunstan Thomas Holdings Limited provides consumer and adviser tools, calculators, illustration and disclosure systems, as well as portal and administration solutions for the financial services market with Imago Administration, Imago Illustrations, Imago Tools, Imago Automation and Imago Portal. The Imago family of products have been designed to meet the unique needs of product providers and platforms for the pensions and savings market.

The Integro CX family of products are portals and dashboards designed for the complexities of the financial services market.

Platform Action are specialists in financial services, with a successful track record of implementations delivered with a team of highly experienced experts.

Dunstan Thomas Consulting Limited provides technology consulting, training, software development and support services across business sectors.

[danielinnes74] 02/12/2020 08:21

Had a dabble here thinking model and service ‘work’ and are a necessity purchase for clients. Hopefully traction on pricing continues. GLA

[energeticbacker] 30/11/2020 16:50

Curtis Banks - increased fees: will others need to follow Curtis Bank’s lead of greater focus on fees rather than interest income, after all it’s not even their money, but that of their clients!

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