And thats not Beckhams wife either. Personally I find her as common as muck.

Gawd another stock without a thread.

Well Im too knackered at the moment to give full details and a chart so this will have to do for starters....


Brokers seem pretty upbeat about the company and rating on circa of 10 going forward into 2010 is cheap, too cheap imho.......

Close Brothers Group PLC

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Numis Securities Ltd
10-03-09 HOLD 100.60 51.40 39.00 103.80 53.00 39.00

Teathers
04-03-09 BUY 53.63 39.00 47.43 39.98

Arden Partners
02-03-09 BUY 105.00 54.80 43.00 96.00 50.30 47.00

Shore Capital
09-02-09 HOLD 106.20 52.90 39.00 82.80 41.70 39.00

2009 2010
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 105.00 53.28 39.00 96.00 48.72 39.33
1 Month Change -0.66 0.01 -0.32 0.00 0.01 -0.64
3 Month Change 1.52 1.59 -1.00 -27.80 -5.90 -1.63


GROWTH

2008 (A) 2009 (E) 2010 (E)

Norm. EPS -30.58% -16.84% -8.56%
DPS 13.24% 1.30% 0.85%

INVESTMENT RATIOS

2008 (A) 2009 (E) 2010 (E)

Dividend Yield 7.24% 7.33% 7.39%

Dividend Cover 1.66x 1.37x 1.24x

PER 8.30x 9.98x 10.92x

PEG -0.27f -0.59f -1.28f

Net Asset Value PS 343.44p 535.00p 538.00p

DYOR.

Ex divi 17th Oct '12 (27.5p)

Five Broker updates on CBG since results. Three say 'Buy' two say 'Hold'. Consensus calls for earnings of 81.5p this year, with a divi of 43.75p. Forecast yield of 4.75% at current sp.
A forward PE of 10 looks about right unless the market changes and things pick up significantly. A price of 860 ex. div. looks like the limit therefore. Anyone else have any thoughts?

CBG Close Brothers, P/E of 16.9 falls to 11.3 2015, PEG of 0.68. Looks rather cheap.

">

Undervalued Close Brothers a buying opportunity
Fears about rising interest rates impacting lending group Close Brothers Group (CBG) are unfounded, according to Berenberg.

Berenberg analyst Pras Jeyanandhan retained a ‘buy’ recommendation and increased the target price of the shares from £16.40 to £16.65. The shares were trading at £13.70 yesterday.

‘Close Brothers shares have underperformed the Stoxx Europe 600 in 2014 by c.7% on concerns around the impact of rising interest rates in the UK,’ he said. ‘We think these fear are unfounded, and see the recent pullback as a good buying opportunity for a high-quality growth business.

‘We see significant scope for a re-rating as the group’s return on equity continues to improve and the rate of growth in tangible book value picks up. Close is our top pick among the specialist lenders.’

http://citywire.co.uk/money/the-expert-view-redrow-dixons-carphone-and-afren/a769835?ref=citywire-money-latest-news-list#i=5

CBG

Looks very cheap to me, way undervalued......

Close Brothers Group PLC

FORECASTS

2014 2015
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Panmure Gordon
02-09-14 HOLD 102.00 48.00 116.00 52.00
Peel Hunt LLP
02-09-14 BUY 199.45 102.44 49.00 232.72 120.88 53.50
Shore Capital
29-08-14 HOLD 197.80 101.60 49.00 225.00 117.10 54.00
Westhouse Securities
28-08-14 BUY
Canaccord Genuity Ltd
24-07-14 BUY 201.00 101.80 50.00 243.30 127.40 57.00
Numis Securities Ltd
24-07-14 HOLD 197.60 105.90 51.60 222.30 119.20 57.60

2014 2015
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 198.64 101.95 49.41 228.95 119.10 55.09
1 Month Change 0.01 0.00 -0.01 0.05 0.01 -0.03
3 Month Change 0.01 -1.20 0.05 0.06 0.03 1.35

GROWTH
2013 (A) 2014 (E) 2015 (E)

Norm. EPS 18.82% 27.12% 16.82%
DPS 4.94% 16.27% 11.49%

INVESTMENT RATIOS
2013 (A) 2014 (E) 2015 (E)

Dividend Yield 3.10% 3.61% 4.02%
Dividend Cover 1.89x 2.06x 2.16x
PER 17.08x 13.44x 11.50x
PEG 0.91f 0.50f 0.68f
Net Asset Value PS 451.29p 489.70p 549.10p

goldfinger , have you achieved as much as becks wife long time admirer BB

I'm afraid GF long departed this place, BB. May his investments be his legacy.