Latest news with #CloseBrothersGroup
Yahoo
2 days ago
- Business
- Yahoo
Marex to buy Winterflood Securities for £103.9m
Financial services company Marex Group has brokered a deal to acquire Winterflood Securities, a UK equity market maker, from Close Brothers Group for approximately £103.9m ($139.5m) in cash. Winterflood provides execution services to more than 400 institutional clients. It has a market share of around 15% by volume on the London Stock Exchange. In addition to its market-making activities, Winterflood operates Winterflood Business Services, which offers outsourced dealing, settlement, and custody services to a variety of clients. The clients include large institutions, investment platforms, wealth managers, and retail aggregators. Winterflood Securities CEO Bradley Dyer said: 'We're delighted to become part of Marex, which is a high-growth, global financial services company with a strong balance sheet. 'Our clients will continue to be served by the same team, while also benefitting from the backing of a large and growing company as well as access to a broader range of products and services from Marex.' The acquisition is anticipated to strengthen Marex's existing UK cash equities operations. This move is also expected to broaden Marex's distribution capabilities, particularly in servicing the UK institutional sector, which includes asset and wealth management firms. Marex Group CEO Ian Lowitt said: 'This acquisition gives us an opportunity to transform our existing equity market making business into a leading franchise, utilising the technology and connectivity of what is the leading brand in this market. 'This deal is consistent with our strict financial criteria, and we see opportunities to materially improve Winterflood's profitability and pay back its premium within two to three years.' The completion of the acquisition is contingent upon regulatory approval and is expected to be finalised in early 2026. Marex Group is a diversified global financial services platform that provides essential liquidity, market access, and infrastructure services across energy, commodities, and financial markets. It offers a wide range of services, including clearing, agency and execution, market making, and hedging and investment solutions. "Marex to buy Winterflood Securities for £103.9m" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
14-05-2025
- Business
- Yahoo
European Undervalued Small Caps With Insider Activity To Explore In May 2025
As the pan-European STOXX Europe 600 Index continues its upward trajectory for a fourth consecutive week, buoyed by optimism over easing trade tensions between China and the U.S., small-cap stocks are capturing investor interest amid this dynamic market environment. With economic indicators such as Germany's robust industrial output and recent monetary policy shifts across Europe, exploring stocks with insider activity can provide valuable insights into potential opportunities within the small-cap sector. Name PE PS Discount to Fair Value Value Rating Morgan Advanced Materials 12.1x 0.6x 34.55% ★★★★★☆ TT Electronics NA 0.3x 29.34% ★★★★★☆ Savills 25.4x 0.6x 39.47% ★★★★☆☆ FRP Advisory Group 12.0x 2.1x 16.61% ★★★★☆☆ Close Brothers Group NA 0.6x 47.49% ★★★★☆☆ Eastnine 18.2x 8.8x 39.40% ★★★★☆☆ Absolent Air Care Group 23.8x 1.9x 46.38% ★★★☆☆☆ Italmobiliare 11.4x 1.5x -283.79% ★★★☆☆☆ Arendals Fossekompani NA 1.6x 40.90% ★★★☆☆☆ Seeing Machines NA 2.4x 44.71% ★★★☆☆☆ Click here to see the full list of 63 stocks from our Undervalued European Small Caps With Insider Buying screener. Let's review some notable picks from our screened stocks. Simply Wall St Value Rating: ★★★★☆☆ Overview: Close Brothers Group is a UK-based financial services company that operates through segments including banking, securities, and asset management, with a market capitalization of £2.58 billion. Operations: Close Brothers Group generates revenue primarily from its Banking segments, including Retail (£325.30 million), Property (£204.80 million), and Commercial (£480.50 million), along with its Securities segment (£73.40 million). The company's operating expenses have increased over time, impacting net income margins, which have shown a declining trend from 26.95% in mid-2015 to negative figures by early 2025 as expenses outpaced revenues. PE: -5.3x Close Brothers Group, a smaller player in Europe's financial sector, faces challenges with a high bad loans ratio of 7.6% and a low allowance for these loans at 62%. Despite recent earnings showing a net loss of £111.8 million for the half-year ending January 31, 2025, insider confidence is evident through share purchases between January and March this year. The company was recently added to multiple FTSE indices on March 22, signaling potential recognition despite its volatile share price over the past three months. Dive into the specifics of Close Brothers Group here with our thorough valuation report. Explore historical data to track Close Brothers Group's performance over time in our Past section. Simply Wall St Value Rating: ★★★★★☆ Overview: Morgan Advanced Materials operates in the manufacturing sector, focusing on thermal products, performance carbon, and technical ceramics, with a market capitalization of £1.07 billion. Operations: Morgan Advanced Materials generates revenue primarily from Thermal Products (£419.90 million), Performance Carbon (£345.70 million), and Technical Ceramics (£337.80 million). The company's cost of goods sold (COGS) has generally been a significant portion of its revenue, impacting the gross profit margin, which was 11.39% as of June 2024. Operating expenses have shown a declining trend over time, with general and administrative expenses decreasing to £0.60 million by March 2025, reflecting efficient cost management efforts within the company structure. PE: 12.1x Morgan Advanced Materials, a small cap in Europe, has shown insider confidence with recent share repurchases totaling £4.7 million from November to December 2024. The company reported steady earnings growth, with net income rising to £50.3 million for the year ending December 2024, despite sales dipping slightly to £1.1 billion. Earnings per share improved marginally, indicating efficient operations amidst high external borrowing risks. With earnings forecasted to grow annually by 18.53%, Morgan shows potential for future value appreciation amidst industry challenges and leadership changes effective June 2025. Navigate through the intricacies of Morgan Advanced Materials with our comprehensive valuation report here. Examine Morgan Advanced Materials' past performance report to understand how it has performed in the past. Simply Wall St Value Rating: ★★★☆☆☆ Overview: Wickes Group operates as a retailer specializing in home improvement products and services, with a market capitalization of approximately £0.44 billion. Operations: The company's primary revenue stream is from retailing home improvement products and services, with recent revenues reaching £1.54 billion. Gross profit margin has shown a slight decline over the periods reviewed, standing at 36.72% in the latest period. Operating expenses are significant, driven largely by sales and marketing costs which amounted to £348.1 million in the most recent data point. PE: 28.4x Wickes Group, a small player in the European market, shows potential for growth despite recent financial challenges. Their net income dropped to £18.1 million from £29.8 million last year, and profit margins slipped from 1.9% to 1.2%. However, insider confidence is evident as Christopher Rogers increased their shareholding by 25%, investing over £63K in March 2025. The company initiated a buyback program worth up to £20 million, indicating a strategic move to enhance shareholder value amidst plans for earnings growth of nearly 27% annually. Delve into the full analysis valuation report here for a deeper understanding of Wickes Group. Gain insights into Wickes Group's historical performance by reviewing our past performance report. Access the full spectrum of 63 Undervalued European Small Caps With Insider Buying by clicking on this link. Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up. Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include LSE:CBG LSE:MGAM and LSE:WIX. Have feedback on this article? Concerned about the content? with us directly. 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Yahoo
20-03-2025
- Business
- Yahoo
Close Brothers Group First Half 2025 Earnings: UK£0.83 loss per share (vs UK£0.43 profit in 1H 2024)
Revenue: UK£384.5m (down 2.2% from 1H 2024). Net loss: UK£124.0m (down by 294% from UK£63.8m profit in 1H 2024). UK£0.83 loss per share (down from UK£0.43 profit in 1H 2024). All figures shown in the chart above are for the trailing 12 month (TTM) period Looking ahead, revenue is expected to decline by 3.3% p.a. on average during the next 3 years, while revenues in the Banks industry in the United Kingdom are expected to grow by 4.9%. Performance of the British Banks industry. The company's shares are down 14% from a week ago. You still need to take note of risks, for example - Close Brothers Group has 1 warning sign we think you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
