Hardman&Co. Special dividend, accelerated investm.

RNS Number : 8244M
Arbuthnot Banking Group PLC
18 October 2016
 

 

Hardman Research: Big special dividend, accelerated investment

 

Big special dividend, accelerated investment: In its recent trading statement Arbuthnot Banking Group (ABG) advised it would make a special dividend of 300p per share (cost £45m) in Q416 against our forecast 150p. Additionally, it has accelerated its expansion into commercial banking and expects to hire six additional experienced staff early in 2017 as well as opening a Manchester office. It also advised that Q316 drawdowns had been a little slower than expected. The overall effect is to see a reduction in 2016/2017 earnings estimates, primarily from higher investment costs, while 2018 is broadly unchanged with the new staff starting to deliver greater business growth.

 

Please click here for the full report:

 

http://hardmanandco.com/docs/default-source/company-docs/arbuthnot-banking-group-plc-documents/17.10.16-big-special-dividend-accelerated-investment.pdf

 

To contact us:   

Hardman & Co

11/12 Tokenhouse Yard 

London

EC2R 7AS

Contact: Mark Thomas

mt@hardmanandco.com 

 

Telephone: +44 20 7929 3399

Follow us on Twitter @HardmanandCo

 

 

www.hardmanandco.com

 

About Hardman & Co: For the past 20 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge.  Our focus is to raise companies' profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case.

 

Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259.

 

Our research is provided for the use of the professional investment community, market counterparties and sophisticated and high net worth investors as defined in the rules of the regulatory bodies.  It is not intended to be made available to unsophisticated retail investors. Anyone who is unsure of their categorisation should consult their professional advisors. This research is neither an offer, nor a solicitation, to buy or sell any security. Please read the note for the full disclaimer.

 

 


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