Arbuthnot Banking Group (ARBB)

Sector:

Financials

Index:

FTSE AIM 100

 1,220.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 1,545.00
  • 52 Week Low: 1,060.00
  • Currency: UK Pounds
  • Shares Issued: 14.89m
  • Volume: 10,031
  • Market Cap: £181.65m
  • RiskGrade: 112

Arbuthnot profit improves as loans and deposits both rise

By Josh White

Date: Wednesday 17 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Arbuthnot Banking Group announced a half yearly profit before tax of £2.9m on Wednesday, rising from the £1.2m it reported in the prior year.
The AIM-traded firm said its underlying profit before tax improved to £3.4m for the six months ended 30 June, from £2.7m a year earlier, while earnings per share fell to 16.6p from 21.7p.

Its board increased the interim dividend per share to 16p from 15p, and reported net assets per share of £13.21, down from £15.40 year-on-year.

On the operational front, Arbuthnot said customer loans stood at £1.28bn at period end, up 16% year-on-year, while customer deposits were ahead 18% at £1.83bn.

Assets under management totalled £1.03bn, down 4%, but up 4.5% compared to December 2018.

The company's capital raising activities had secured £39.5m of regulatory capital during the half-year, with the company also agreeing the purchase of a £266m residential mortgage portfolio, which was expected to complete on 8 August.

"The group has had a good start to the year," said chairman and chief executive officer Sir Henry Angest.

"We have raised new capital, grown our existing businesses and continued to deliver on our plans to diversify.

"We have also agreed to buy a mortgage portfolio which should help to improve the returns of the group."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ARBB Market Data

Currency UK Pounds
Share Price 1,220.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 1,545.00
52 Week Low 1,060.00
Volume 10,031
Shares Issued 14.89m
Market Cap £181.65m
RiskGrade 112

ARBB Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.59% below the market average75.59% below the market average75.59% below the market average75.59% below the market average75.59% below the market average
76.39% below the sector average76.39% below the sector average76.39% below the sector average76.39% below the sector average76.39% below the sector average
Price Trend
40.63% below the market average40.63% below the market average40.63% below the market average40.63% below the market average40.63% below the market average
24% below the sector average24% below the sector average24% below the sector average24% below the sector average24% below the sector average
Income
22.78% below the market average22.78% below the market average22.78% below the market average22.78% below the market average22.78% below the market average
67.82% below the sector average67.82% below the sector average67.82% below the sector average67.82% below the sector average67.82% below the sector average
Growth
58.18% above the market average58.18% above the market average58.18% above the market average58.18% above the market average58.18% above the market average
37.10% above the sector average37.10% above the sector average37.10% above the sector average37.10% above the sector average37.10% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
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ARBB Dividends

  Latest Previous
  Interim Final
Ex-Div 25-Jul-19 25-Apr-19
Paid 16-Aug-19 17-May-19
Amount 16.00p 20.00p

Trades for 13-Sep-2019

Time Volume / Share Price
16:25 3,500 @ 1,200.00p
16:28 24 @ 1,250.00p
16:25 1,823 @ 1,200.00p
16:25 24 @ 1,192.50p
16:13 110 @ 1,192.50p

ARBB Key Personnel

CEO Andrew Salmon

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