Professional
Added to YB: 2024-07-30
Pitch date: 2024-06-30
CBG.L [bullish]
Close Brothers Group plc
+7.61%
current return
Author Info
No bio for this author
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 4.34
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
-4.49
EV/Sales
N/A
Sector
Banks
Category
value
Third Avenue Value Fund New Position: Close Brothers Group plc
CBG.L: UK bank/financial services. 60% drop on FCA motor finance review. Conservative estimates suggest overreaction. Capital strengthening options available. Potential CBAM sale could boost capital. High net interest margins, ROE from niche lending. Deeply discounted vs. capital, attractive returns likely to continue despite uncertainties.
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