Added to YB: 2025-04-24
Pitch date: 2025-03-06
CBG.L [bullish]
Close Brothers Group plc
-11.8%
current return
Author Info
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Company Info
Close Brothers Group plc, a merchant banking company, engages in the provision of financial services to small businesses and individuals in the United Kingdom.
Market Cap
GBP 444.5M
Pitch Price
GBP 3.42
Price Target
N/A
Dividend
N/A
Sector
Banks
Category
value
Show full summary:
Close Brothers Group plc - $CBG.L
CBG.L: UK merchant bank at 28% BV, PE <5 over 5Y avg profit. 30yr profitability track record w/ 7-9% NIM vs 1.2% bad debt ratio. FCA auto loan investigation threatens £250-640M fine, but manageable with 12-13% CET1, short loan duration (1.5yr avg), AM sale. Mid-teens ROE deserves 1.5x BV; catalyst = fine resolution.
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