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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Close Brothers Group    CBG   GB0007668071

CLOSE BROTHERS GROUP

(CBG)
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Real-time Quote. Real-time CHI-X - 02/18 11:30:00 am
1489 GBp   -0.20%
02/04CLOSE BROTHERS : Transaction in Own Shares
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01/22CLOSE BROTHERS : Scheduled Trading Update
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01/22CLOSE BROTHERS : sees 'solid' half year on loan book growth
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Close Brothers : to sell retail finance unit to Sweden's Klarna Bank

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09/14/2018 | 02:30am EST

(Reuters) - Close Brothers Group Plc said on Friday it would sell Close Brothers Retail Finance, which provides unsecured finance to consumers through retailers, to Swedish bank Klarna Bank AB.

"The group has concluded that the business does not provide a long-term fit with our predominantly secured business model," the company said in a statement.

The business, which had a loan book of 66 million pounds as of July 31, will be treated as a discontinued operation in the company's full-year results to be announced on Sept. 25.

The value of the deal was not disclosed. The company said it expects to close the transaction in the current calendar year.

(Reporting by Arathy S Nair in Bengaluru; Editing by Bernard Orr)

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Financials (GBP)
Sales 2019 830 M
EBIT 2019 290 M
Net income 2019 206 M
Debt 2019 -
Yield 2019 4,37%
P/E ratio 2019 11,05
P/E ratio 2020 10,68
Capi. / Sales 2019 2,72x
Capi. / Sales 2020 2,58x
Capitalization 2 258 M
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Technical analysis trends CLOSE BROTHERS GROUP
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 15,5  GBP
Spread / Average Target 3,8%
EPS Revisions
Managers
NameTitle
Preben Prebensen Chief Executive Officer & Executive Director
Michael Nicholas Biggs Non-Executive Chairman
Mike Morgan Director & Group Finance Director
Elizabeth Anne Lee Executive Director & Group Head-Legal Affairs
Geoffrey Michael Thomas Howe Senior Independent Non-Executive Director
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