Arbuthnot Banking Group (ARBB)

Sector:

Financials

Index:

FTSE AIM 100

 1,300.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 1,390.00
  • 52 Week Low: 1,040.00
  • Currency: UK Pounds
  • Shares Issued: 14.89m
  • Volume: 2,882
  • Market Cap: £193.56m
  • RiskGrade: 105

Arbuthnot turns in decent performance for third quarter

By Josh White

Date: Wednesday 16 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Arbuthnot Banking Group updated the market on trading for the three months ended 30 September on Wednesday, reporting continued good progress in developing and diversifying the business, and also operationally, as new investment was said to be transforming the efficiency and resiliency of its operating platforms.
The AIM-traded firm confirmed the completion and "smooth transition" of two residential mortgage portfolios at a 2.7% discount to par, adding £264.9m of mortgages to the group loan book during the quarter.

Its overall loan balances grew 33% compared to the prior year, and had since exceeded £1.6bn, while deposit balances had increased 17% compared to the prior year, and had since surpassed £2bn.

A total of £85m of new deposits had been raised by Arbuthnot Direct since the mortgage portfolio acquisitions, leaving the group with more than £300m surplus liquidity in excess of the minimum regulatory requirement.

The board said new divisions were continuing to make strong progress, with Renaissance Asset Finance ending the quarter with lending balances of £101m - an increase of 22% compared to the prior year.

Arbuthnot Asset Based Lending, meanwhile, had grown its customer facilities to £106m, making for an increase of 278% over the prior year.

Work had now started on a major refurbishment and enhancement of the group's West End property, the board added.

"The group remains well positioned to continue its strategy of diversification of its lending and deposit raising capabilities and the deployment of the surplus capital," said chairman and chief executive officer Sir Henry Angest.

"Our ability to maintain high levels of surplus liquidity has enabled us to take advantage of opportunities that present themselves over time, such as the acquisition of the mortgage portfolios.

"As a result of this and notwithstanding the current geo-political uncertainties, we remain confident of being able to continue to grow the businesses within 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 1,300.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 1,390.00
52 Week Low 1,040.00
Volume 2,882
Shares Issued 14.89m
Market Cap £193.56m
RiskGrade 105

ARBB Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.49% below the market average78.49% below the market average78.49% below the market average78.49% below the market average78.49% below the market average
82.09% below the sector average82.09% below the sector average82.09% below the sector average82.09% below the sector average82.09% below the sector average
Price Trend
3.63% above the market average3.63% above the market average3.63% above the market average3.63% above the market average3.63% above the market average
2.74% above the sector average2.74% above the sector average2.74% above the sector average2.74% above the sector average2.74% above the sector average
Income
17.9% below the market average17.9% below the market average17.9% below the market average17.9% below the market average17.9% below the market average
62.96% below the sector average62.96% below the sector average62.96% below the sector average62.96% below the sector average62.96% below the sector average
Growth
60.00% above the market average60.00% above the market average60.00% above the market average60.00% above the market average60.00% above the market average
43.80% above the sector average43.80% above the sector average43.80% above the sector average43.80% above the sector average43.80% 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 27-Jan-2020

Time Volume / Share Price
15:44 1,011 @ 1,250.03p
14:53 171 @ 1,255.00p
11:32 200 @ 1,255.00p
10:05 1,500 @ 1,325.00p

ARBB Key Personnel

CEO Andrew Salmon

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