Curtis Banks Share Discussion Threads

[nobilis] 04/5/2017 16:24

highest volume ever, 450p on chart

[nw99] 04/5/2017 16:24

Seller cleared

[nobilis] 04/5/2017 16:11

WHAT A BREAKOUT

[nobilis] 04/5/2017 15:54

Magnificent chart pattern

[nobilis] 04/5/2017 15:51

Just jumped up sharply

[nw99] 02/5/2017 08:06

Nice big tip in SCSW

[schmally] 17/1/2017 15:08

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.

[opodio] 21/10/2016 13:02

Publicly owned Nest, with its low charges and cost, is causing panic in the pension industry

[schmally] 10/10/2016 11:04

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.

[simon gordon] 06/10/2016 08:12

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.

[aishah] 06/9/2016 09:20

Been on my watchlist for a while and will stay there post these results. Peel Hunt downgrades to a HOLD; reduces price target to 280p from 360p.

[geoff21] 06/9/2016 08:10

not well received!

[johnv] 06/9/2016 08:03

interim results out

[johnv] 24/8/2016 21:14

Up 9% in the last minutes

[essential] 18/8/2016 10:06

Moved from Ald into these. Technically looking very strong.

[denboyz1] 17/8/2016 15:11

Yes johnv - perhaps the big seller has finished now.

Hopefully the share price will move back to the old highs.

[johnv] 17/8/2016 11:26

Bit of a upswing here

[saucepan] 15/3/2016 08:01

Excellent results, but unfortunately the 2014 comparatives CBP quotes in the results announcement bear little relation to those used by ShareScope above - making it impossible to see whether any progress is better than expected.

The one comparative metric that is clear is turnover. It came in at £16.99 million against the £15.91 forecast.

[saucepan] 01/2/2016 11:23

It would seem so, denboyz1; that's fine with me, too :-)


[Source: ShareScope]

Some great numbers there, and historical PEG = 0.76

[denboyz1] 01/2/2016 09:48

Don't worry Saucepan - I think most of the holders here are the quiet, long term types who don't like to talk too much about their holdings. Having said that, this share does tick a lot of boxes and would appear to be in the right place at the right time.

[saucepan] 01/2/2016 09:17

New highs today and still incredibly quiet here; even the maiden dividend announced on 28 January has attracted no comment.