Tillkännagivande • Feb 19
Close Brothers Group plc to Report First Half, 2026 Results on Mar 17, 2026 Close Brothers Group plc announced that they will report first half, 2026 results on Mar 17, 2026 Tillkännagivande • Dec 02
Marex Group plc (NasdaqGS:MRX) completed the acquisition of Winterflood Securities Ltd. from Close Brothers Group plc (LSE:CBG). Marex Group plc (NasdaqGS:MRX) agreed to acquire Winterflood Securities Ltd. from Close Brothers Group plc (LSE:CBG) for approximately £100 million on July 25, 2025. Under the terms of the Transaction, the consideration payable to Close Brothers comprises cash consideration of approximately £103.9 million payable by Marex to Close Brothers on completion, based on April 30, 2025 financials, and a pound for pound adjustment for movements in the tangible net asset value of Winterflood between April 30, 2025 and completion. The acquisition is expected to enhance Marex’s existing UK cash equities business, consistent with its strategy to bring new clients and new capabilities onto its platform and diversify earnings. Winterflood Securities Ltd suffered a GBP1.7 million operating loss in financial 2024.
The transaction is subject to obtaining approval from the Financial Conduct Authority(FCA) and Financial Industry Regulatory Authority(FINRA). A break fee is payable by Marex in the event that FCA approval for the transaction is not received. The transaction is expected to close in early 2026.
Rahul Luthra, Sam Small, Benjamin Crystal of UBS Investment Bank acted as financial advisor for Close Brothers Group plc. Slaughter and May acted as legal advisor for Close Brothers Group plc.
Marex Group plc (NasdaqGS:MRX) completed the acquisition of Winterflood Securities Ltd. from Close Brothers Group plc (LSE:CBG) on December 1, 2025. Tillkännagivande • Oct 06
Close Brothers Group plc, Annual General Meeting, Nov 20, 2025 Close Brothers Group plc, Annual General Meeting, Nov 20, 2025. Location: 10 crown place, ec2a 4ft, london United Kingdom Tillkännagivande • Oct 02
Close Brothers Group plc Provides Group Earnings Guidance for the Full Year Ending July 31, 2026 Close Brothers Group plc provided group earnings guidance for the full year ending July 31, 2026. The company expected operating loss from Group (central functions) to be £50 million in the 2026 financial year, reflecting a reduction in legal and professional fees. In the 2026 financial year, the company expected the net interest margin to be slightly lower than 7%, reflecting loan book mix impacts. Tillkännagivande • Aug 30
Close Brothers Group plc Appoints Fiona McCarthy as an Executive Member of the Board of Directors, Effective from 29 August 2025 Close Brothers Group plc announced the appointment of Fiona McCarthy as an executive member of the Board of Directors, with effect from 29 August 2025. Following Mike Morgan's appointment to Group Chief Executive, Fiona was appointed as Chief Finance Officer of the group in January 2025 and is also a member of the Group Executive Committee. She will retain these responsibilities as part of her new role as an executive director. Fiona joined the group in 2019 as the Financial Planning and Analysis Director and has over 30 years' experience in financial services across the retail, commercial, corporate and investment banking sectors. Prior to joining Close Brothers, Fiona held a number of senior finance roles at UBS and Natwest, most recently as interim Chief Finance Officer for the global investment bank of UBS. Tillkännagivande • Aug 20
Close Brothers Group plc to Report Fiscal Year 2025 Results on Sep 23, 2025 Close Brothers Group plc announced that they will report fiscal year 2025 results on Sep 23, 2025 Tillkännagivande • Jul 25
Marex Group plc (NasdaqGS:MRX) agreed to acquire Winterflood Securities Ltd. from Close Brothers Group plc (LSE:CBG) for approximately £100 million. Marex Group plc (NasdaqGS:MRX) agreed to acquire Winterflood Securities Ltd. from Close Brothers Group plc (LSE:CBG) for approximately £100 million on July 25, 2025. Under the terms of the Transaction, the consideration payable to Close Brothers comprises cash consideration of approximately £103.9 million payable by Marex to Close Brothers on completion, based on April 30, 2025 financials, and a pound for pound adjustment for movements in the tangible net asset value of Winterflood between April 30, 2025 and completion. The acquisition is expected to enhance Marex’s existing UK cash equities business, consistent with its strategy to bring new clients and new capabilities onto its platform and diversify earnings. Winterflood Securities Ltd suffered a GBP1.7 million operating loss in financial 2024.
The transaction is subject to obtaining approval from the Financial Conduct Authority(FCA) and Financial Industry Regulatory Authority(FINRA). A break fee is payable by Marex in the event that FCA approval for the transaction is not received.
The transaction is expected to close in early 2026.
Rahul Luthra, Sam Small, Benjamin Crystal of UBS Investment Bank acted as financial advisor for Close Brothers Group plc. Slaughter and May acted as legal advisor for Close Brothers Group plc. Tillkännagivande • Feb 15
Close Brothers Group plc to Report First Half, 2025 Results on Mar 18, 2025 Close Brothers Group plc announced that they will report first half, 2025 results on Mar 18, 2025 Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment deteriorates as stock falls 30% After last week's 30% share price decline to €3.18, the stock trades at a trailing P/E ratio of 4.3x. Average forward P/E is 8x in the Banks industry in Europe. Total loss to shareholders of 78% over the past three years. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €4.92, the stock trades at a trailing P/E ratio of 6.8x. Average forward P/E is 8x in the Banks industry in Europe. Total loss to shareholders of 67% over the past three years. Reported Earnings • Sep 20
Full year 2024 earnings released: EPS: UK£0.60 (vs UK£0.54 in FY 2023) Full year 2024 results: EPS: UK£0.60 (up from UK£0.54 in FY 2023). Revenue: UK£902.7m (up 12% from FY 2023). Net income: UK£89.3m (up 10% from FY 2023). Profit margin: 9.9% (in line with FY 2023). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year whereas the company’s share price has fallen by 30% per year. Tillkännagivande • Sep 16
Adrian Sainsbury, Group Chief Executive Takes Temporary Medical Leave of Absence from the Business of Close Brothers Group plc Close Brothers Group plc announced that Adrian Sainsbury, Group Chief Executive, has taken a temporary medical leave of absence from the business. The group has put in place robust temporary cover arrangements to ensure continuity in the delivery of the group's strategy during this period. Mike Morgan, Group Finance Director, will assume Adrian's principal responsibilities supported by the Chairman, Mike Biggs, and members of the senior management team. Tillkännagivande • Jun 26
Close Brothers Group plc Announces Board Committee Changes, Effective from 1 August 2024 Close Brothers Group plc ("Close Brothers") announced that Kari Hale has been appointed a member of the Nomination & Governance Committee with immediate effect and Patricia Halliday has been appointed a member of the Remuneration Committee with effect from 1 August 2024. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €4.52, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Banks industry in Europe. Total loss to shareholders of 70% over the past three years. Reported Earnings • Mar 21
First half 2024 earnings released: EPS: UK£0.46 (vs UK£0.056 in 1H 2023) First half 2024 results: EPS: UK£0.46 (up from UK£0.056 in 1H 2023). Revenue: UK£469.0m (up 34% from 1H 2023). Net income: UK£68.8m (up UK£60.4m from 1H 2023). Profit margin: 15% (up from 2.4% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings. New Risk • Mar 20
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 10% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (€149k sold). Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €4.38, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Banks industry in Europe. Total loss to shareholders of 73% over the past three years. New Risk • Feb 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (124% payout ratio). Share price has been volatile over the past 3 months (8.4% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin). Significant insider selling over the past 3 months (€149k sold). Tillkännagivande • Feb 16
Close Brothers Group plc Announces Peter Duffy Decides to Step Down as Director The Board of Close Brothers Group plc announced that Peter Duffy, Non-Executive Director, has decided to step down as a Director of the Company with effect from 15 February 2024, in order to focus on his other current commitments. Peter Duffy is a member of the Company's Risk, Remuneration, and Nomination and Governance Committees. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €4.88, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Banks industry in Europe. Total loss to shareholders of 68% over the past three years. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €7.61, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Banks industry in Europe. Total loss to shareholders of 43% over the past three years. Tillkännagivande • Dec 05
Close Brothers Group plc Appoints Phil Hooper as Chief Executive of Close Brothers' Property Finance Business Pluto Finance's Phil Hooper will become the new chief executive of Close Brothers' Property Finance business, as Frank Pennal announces his retirement.Pennal, who has been at the helm of the lender for almost two decades, will step down in January 2024. He joined the business as a director in 1997, and was promoted to chief executive in 2005. The group's property business, which also includes Commercial Acceptances and Close Brothers Bridging Finance, was a team of five with a loan book of £40m when Pennal joined. It has since grown to more than 100 employees, is currently funding 7,100 new homes and has a UK-wide loan book of £1.7bn as at 31 July. Prior to that he spent 36 years at NatWest, holding a number of senior positions, including head of real estate finance, managing the bank’s £30bn UK real estate loan book. He has been working with Close Brothers since September to ensure a smooth handover, and will be supported in the role by Close Brothers Property Finance managing director Rowland Thomas. Reported Earnings • Sep 27
Full year 2023 earnings released: EPS: UK£0.54 (vs UK£1.10 in FY 2022) Full year 2023 results: EPS: UK£0.54 (down from UK£1.10 in FY 2022). Revenue: UK£806.3m (down 11% from FY 2022). Net income: UK£81.1m (down 51% from FY 2022). Profit margin: 10% (down from 18% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Tillkännagivande • Sep 21
Close Brothers Group plc (LSE:CBG) signed an agreement to acquire Bluestone Motor Finance (Ireland) Designated Activity Company. Close Brothers Group plc (LSE:CBG) signed an agreement to acquire Bluestone Motor Finance (Ireland) Designated Activity Company on September 20, 2023. The transaction is all cash deal. The transaction is expected to complete in Q4 2023. Tillkännagivande • Jul 24
Close Brothers Group plc to Report Fiscal Year 2023 Results on Sep 26, 2023 Close Brothers Group plc announced that they will report fiscal year 2023 results on Sep 26, 2023 Tillkännagivande • Jul 13
Close Brothers Plans to Sell Wealth Unit Close Brothers Group plc (LSE:CBG) is said to be planning to sell its wealth management unit. The British merchant bank is seeking options for its wealth-management arm, including a potential sale. The sale could fetch around GBP 300 million for the firm. Buying Opportunity • Jun 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.9%. The fair value is estimated to be €13.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 9.2% per annum. Earnings is also forecast to grow by 33% per annum over the same time period. Buying Opportunity • May 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 4.9%. The fair value is estimated to be €13.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings is also forecast to grow by 34% per annum over the same time period. Buying Opportunity • Apr 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 23%. The fair value is estimated to be €12.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings is also forecast to grow by 34% per annum over the same time period. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €10.00, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 7x in the Banks industry in Europe. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.72 per share. Reported Earnings • Mar 16
First half 2023 earnings released: EPS: UK£0.056 (vs UK£0.64 in 1H 2022) First half 2023 results: EPS: UK£0.056 (down from UK£0.64 in 1H 2022). Revenue: UK£350.3m (down 24% from 1H 2022). Net income: UK£8.40m (down 91% from 1H 2022). Profit margin: 2.4% (down from 21% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 2% per year. Buying Opportunity • Mar 15
Now 27% undervalued after recent price drop Over the last 90 days, the stock is down 8.3%. The fair value is estimated to be €15.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings is also forecast to grow by 13% per annum over the same time period. Tillkännagivande • Jan 28
Close Brothers Group plc Announces Board Committee Changes Close Brothers Group plc announces that Peter Duffy and Tracey Graham have been appointed as members of the Nomination & Governance Committee with immediate effect. Tillkännagivande • Jan 20
Close Brothers Group plc to Report First Half, 2023 Results on Mar 14, 2023 Close Brothers Group plc announced that they will report first half, 2023 results on Mar 14, 2023 Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Tracey Graham was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Oct 06
Upcoming dividend of UK£0.44 per share Eligible shareholders must have bought the stock before 13 October 2022. Payment date: 22 November 2022. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 6.9%. Within top quartile of German dividend payers (5.4%). In line with average of industry peers (6.7%). Tillkännagivande • Oct 05
Close Brothers Group plc, Annual General Meeting, Nov 17, 2022 Close Brothers Group plc, Annual General Meeting, Nov 17, 2022, at 11:00 Coordinated Universal Time. Location: 10 Crown Place London United Kingdom Reported Earnings • Sep 28
Full year 2022 earnings released: EPS: UK£1.10 (vs UK£1.35 in FY 2021) Full year 2022 results: EPS: UK£1.10 (down from UK£1.35 in FY 2021). Revenue: UK£904.7m (down 3.0% from FY 2021). Net income: UK£165.2m (down 18% from FY 2021). Profit margin: 18% (down from 22% in FY 2021). The decrease in margin was primarily driven by lower revenue. Cost-to-income ratio: 64.0% (up from 62.0% in FY 2021). Non-performing loans: 3.90% (up from 3.76% in FY 2021). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Tillkännagivande • Sep 27
Close Brothers Group plc Proposes Final Dividend for the Fiscal Year 2022, Payable on 22 November 2022 Close Brothers Group plc proposed final dividend of 44.0 pence per share for the fiscal year 2022. Resulting in a full-year dividend per share of 66.0 pence (2021: 60.0 pence), up 10% and marking a return to pre-pandemic dividend level. Subject to approval at the Annual General Meeting, the final dividend will be paid on 22 November 2022 to shareholders on the register at 14 October 2022. Tillkännagivande • Jul 22
Close Brothers Group plc to Report Fiscal Year 2022 Results on Sep 27, 2022 Close Brothers Group plc announced that they will report fiscal year 2022 results on Sep 27, 2022 Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Tracey Graham was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 24
CEO & Executive Director recently bought €47k worth of stock On the 17th of March, Adrian Sainsbury bought around 3k shares on-market at roughly €13.82 per share. This was the largest purchase by an insider in the last 3 months. This was Adrian's only on-market trade for the last 12 months. Recent Insider Transactions • Mar 23
CEO & Executive Director recently bought €47k worth of stock On the 17th of March, Adrian Sainsbury bought around 3k shares on-market at roughly €13.82 per share. This was the largest purchase by an insider in the last 3 months. This was Adrian's only on-market trade for the last 12 months. Recent Insider Transactions • Mar 22
CEO & Executive Director recently bought €47k worth of stock On the 17th of March, Adrian Sainsbury bought around 3k shares on-market at roughly €13.82 per share. This was the largest purchase by an insider in the last 3 months. This was Adrian's only on-market trade for the last 12 months. Recent Insider Transactions • Mar 21
CEO & Executive Director recently bought €47k worth of stock On the 17th of March, Adrian Sainsbury bought around 3k shares on-market at roughly €13.82 per share. This was the largest purchase by an insider in the last 3 months. This was Adrian's only on-market trade for the last 12 months. Reported Earnings • Mar 17
First half 2022 earnings: EPS in line with analyst expectations despite revenue beat First half 2022 results: EPS: UK£0.64 (up from UK£0.63 in 1H 2021). Revenue: UK£459.0m (flat on 1H 2021). Net income: UK£95.1m (flat on 1H 2021). Profit margin: 21% (in line with 1H 2021). Revenue exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 4.1%, compared to a 8.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 7% per year. Tillkännagivande • Mar 04
Close Brothers Group plc Announces Executive Changes Close Brothers Group plc announced that ex- Standard Life Aberdeen executive Eddy Reynolds will take over as chief executive of its asset management business next week, after boss Martin Brown announced he would step down last year. Reynolds joins Close Brothers Asset Management (CBAM) from his most recent role as managing director of Standard Life Savings, after holding a number of executive positions at the firm, and earlier working as Head of Investment at Lloyds Private Bank. Upcoming Dividend • Oct 07
Upcoming dividend of UK£0.42 per share Eligible shareholders must have bought the stock before 14 October 2021. Payment date: 23 November 2021. Trailing yield: 4.0%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (3.0%). Reported Earnings • Sep 29
Full year 2021 earnings released: EPS UK£1.35 (vs UK£0.73 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: UK£932.3m (up 25% from FY 2020). Net income: UK£202.1m (up 85% from FY 2020). Profit margin: 22% (up from 15% in FY 2020). The increase in margin was driven by higher revenue. Cost-to-income ratio: 62.0% (no change from 62.0% in FY 2020). Non-performing loans: 3.76% (down from 4.74% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Recent Insider Transactions • Mar 26
Group Head of Human Resources recently sold €297k worth of stock On the 22nd of March, Rebekah Etherington sold around 16k shares on-market at roughly €18.64 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €238k more than they bought in the last 12 months. Reported Earnings • Mar 18
First half 2021 earnings released: EPS UK£0.63 (vs UK£0.63 in 1H 2020) The company reported a mediocre first half result with weaker profit margins, although earnings were flat and revenues improved. First half 2021 results: Revenue: UK£455.8m (up 10% from 1H 2020). Net income: UK£94.8m (flat on 1H 2020). Profit margin: 21% (down from 23% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Tillkännagivande • Mar 17
Close Brothers Group plc Declares Interim Dividend, Payable on 28 April 2021 Close Brothers Group plc declared interim dividend of 18.0 pence (first half 2020: £nil) reflects the group's strong performance in the first half and continued confidence in the company's business model and financial position. The interim dividend is due to be paid on 28 April 2021 to shareholders on the register at 26 March 2021. Tillkännagivande • Feb 16
Close Brothers Group plc Announces Board Committee Changes, Effective from 1 March 2021 The Board of Directors of Close Brothers Group plc announced that, on the recommendation of the Nomination & Governance Committee following a recent review, it has approved a number of changes to the membership of its Audit and Remuneration Committees, which will take effect on 1 March 2021. Bridget Macaskill will step down as a member of the Audit Committee and Oliver Corbett will step down as a member of the Remuneration Committee. Mike Biggs, Peter Duffy and Mark Pain will join the Remuneration Committee. No changes are being made to committee chairs or to the membership of the Risk and Nomination & Governance Committees. Is New 90 Day High Low • Feb 11
New 90-day high: €17.50 The company is up 21% from its price of €14.46 on 13 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €18.21 per share. Is New 90 Day High Low • Jan 26
New 90-day high: €16.40 The company is up 42% from its price of €11.53 on 28 October 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €17.86 per share. Tillkännagivande • Jan 22
Close Brothers Group plc to Report First Half, 2021 Results on Mar 16, 2021 Close Brothers Group plc announced that they will report first half, 2021 results on Mar 16, 2021 Tillkännagivande • Jan 01
Close Brothers Group plc Announces Directorate Changes, Effective from January 1, 2021 Close Brothers Group plc announced the appointment of Mark Pain as an independent non-executive director with effect from January 1, 2021. On joining the board, Mark will become a member of the board's Nomination & Governance and Risk Committees and will also become the company's Senior Independent Director. At the same time, and consistent with the company's other independent non-executive directors, he will also become a director of the company's Banking subsidiary, Close Brothers Limited. Mark takes over as the company's Senior Independent Director from Oliver Corbett, who has held the position on an interim basis since the retirement of Geoffrey Howe from the board on November 19, 2020. Oliver continues to chair the board's Audit Committee. Mark is currently a non-executive director of AXA UK plc, where he serves on the Audit, Investment, Remuneration, Nomination, and Risk Committees. He is Chairman of London Square Limited and Empiric Student Property plc. Is New 90 Day High Low • Dec 29
New 90-day high: €15.88 The company is up 48% from its price of €10.75 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €15.26 per share. Tillkännagivande • Nov 13
Close Brothers Appoints Frank Coffey as Sales Director in Northern Ireland Close Brothers Commercial Finance, part of Close Brothers Group plc, has appointed Frank Coffey as sales director in Northern Ireland. He has joined the Belfast office as sales director for Co Antrim. His new role will focus on business development, as Close Brothers Commercial Finance aims to grow its business-to-business customer base in the area. Frank has over 22 years of experience in finance.
He started his career at Bank of Ireland and most recently held the position of relationship director at Lombard North Central, based in Belfast. Valuation Update With 7 Day Price Move • Nov 12
Market bids up stock over the past week After last week's 17% share price gain to UK£14.40, the stock is trading at a trailing P/E ratio of 18x, up from the previous P/E ratio of 15.5x. This compares to an average P/E of 11x in the Banks industry in Europe. Total returns to shareholders over the past three years are 11%. Is New 90 Day High Low • Nov 11
New 90-day high: €13.26 The company is up 2.0% from its price of €12.98 on 13 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Banks industry, which is also up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.54 per share. Is New 90 Day High Low • Sep 28
New 90-day low: €10.46 The company is down 14% from its price of €12.15 on 30 June 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.46 per share. Reported Earnings • Sep 23
Full year earnings released - EPS €0.73 Over the last 12 months the company has reported total profits of UK£109.5m, down 45% from the prior year. Total revenue was UK£748.9m over the last 12 months, down 8.8% from the prior year. Profit margins were 15%, which is lower than the 24% margin from last year. The decrease in margin was primarily driven by lower revenue. Tillkännagivande • Sep 22
Close Brothers Group plc Announces Board Changes Close Brothers Group plc announced that Geoffrey Howe, Independent Non-executive Director and Senior Independent Director, has notified the board that he will not seek re-election at the company's Annual General Meeting to be held in November 2020 (the "AGM"). Accordingly, Geoffrey will step down from the board at the conclusion of the AGM. The Board also announces that it has appointed Oliver Corbett, Independent Non-executive Director and Chair of the Audit Committee, to take on the additional role of Senior Independent Director on an interim basis during the period between Geoffrey stepping down from the Board at the AGM and the appointment of a permanent successor. Tillkännagivande • Jul 22
Close Brothers Group plc to Report Fiscal Year 2020 Results on Sep 22, 2020 Close Brothers Group plc announced that they will report fiscal year 2020 results on Sep 22, 2020 
