Added to YB: 2024-12-09
Pitch date: 2024-12-05
CBG.L [bullish]
Close Brothers Group plc
+107.28%
current return
Author Info
Three Mile Research finds undervalued stocks that the market has irrationally discounted due to panic or short-term disruptions. Sign up for the newsletter.
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 2.25
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
-4.49
EV/Sales
N/A
Sector
Banks
Category
turnaround
Close Brothers: Deep Value Amid Regulatory Uncertainties
CBG.L: UK merchant bank facing FCA probe on motor finance DCAs. Selling asset mgmt div to bolster capital. Strong CET1 ratio 12.8%, rising to 14-15% post-sale. Core banking profitable w/ 7.4% NIM. P/B 0.19x, P/E 3.46x vs 10yr avg 1.60x, 11.15x. High risk but deep value play if investigation resolved favorably.
Read full article (6 min)