Half Year 2021 Close Brothers Group PLC Earnings Call Transcript - Thomson StreetEvents

Half Year 2021 Close Brothers Group PLC Earnings Call Transcript

Half Year 2021 Close Brothers Group PLC Earnings Call Transcript - Thomson StreetEvents
Half Year 2021 Close Brothers Group PLC Earnings Call Transcript
Published Mar 16, 2021
13 pages (9862 words) — Published Mar 16, 2021
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Transcript of CBRO.L earnings conference call or presentation 16-Mar-21 9:30am GMT

  
Brief Excerpt:

...Good morning, and welcome to the presentation of Close Brothers' 2021 Half Year Results. I'll start with a brief reflection on the key elements of our performance in the first half, and how I'm planning to take us through the next stage of our strategic development, building on the core strengths of our successful model. Mike will then take you through our financial performance. And then I'll come back to give you an update on our strategy and business performance. Current circumstances have dictated that this is a prerecorded presentation. But as usual, we'll be happy to take your questions afterwards, both via the telephone conference line and over the webcast, which you can submit either during or after the presentation. It's been another challenging period, with the impact of COVID-19 and lockdown restrictions continuing to affect our customers and businesses. Our priority has been to successfully navigate this challenging environment while continuing to support our people, customers...

  
Report Type:

Transcript

Source:
Company:
Close Brothers Group PLC
Ticker
CBRO.L
Time
9:30am GMT
Format:
PDF Adobe Acrobat
Buy Now

The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Benjamin Toms - RBC Capital Markets, Research Division - Analyst : I have two, please. How should we think about the dividend announced today and how it relates to your potential full year '21 dividend? Does the 1/3, 2/3 rule still apply in the current environment? And then secondly, you printed the CET1 ratio is down on a fully loaded basis and ex of intangible REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MARCH 16, 2021 / 9:30AM, CBRO.L - Half Year 2021 Close Brothers Group PLC Earnings Call was about 13.6%. And that's about 600 bps ahead of your regulatory requirement. How much of that 600 bps does management see as excess? And how do you see it being allocated between growth investments and the potential to be returned to shareholders in the future?


Question: Robert Ian Sage - Peel Hunt LLP, Research Division - Analyst : I have two questions as well, actually, the first of which is, in terms of the outlook for the bad debt, I know this is extremely difficult given uncertainties, but when a lot of the large quoted clearing banks were reporting their full year results for 2020, they were -- pretty much all of them are saying they're expecting a very substantial reduction in bad debt in 2021 relative to 2020 and some of them even suggesting that the bad debt rate -- ratio was going to fall down to sort of normalized levels. And I was wondering whether -- when you sort of look ahead into calendar 2021, whether you would particularly agree or disagree for whatever reasons with this prognosis. And the second unrelated question is that I was quite interested in seeing that you're bringing 2 of your divisions under a single management, i.e., Motor Finance and Premium Finance. And I was just wondering whether you could touch a little bit on the thinking behind this. Is this just a matter of convenience? Might there be synergies? Might there be big cost savings? Or how should we think about this? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MARCH 16, 2021 / 9:30AM, CBRO.L - Half Year 2021 Close Brothers Group PLC Earnings Call

Table Of Contents

Half Year 2023 Close Brothers Group PLC Earnings Call Transcript – 2023-03-14 – US$ 54.00 – Edited Transcript of CBRO.L earnings conference call or presentation 14-Mar-23 9:30am GMT

Preliminary Q4 2022 Close Brothers Group PLC Earnings Call Transcript – 2022-09-27 – US$ 54.00 – Edited Transcript of CBRO.L earnings conference call or presentation 27-Sep-22 8:30am GMT

Half Year 2022 Close Brothers Group PLC Earnings Call Transcript – 2022-03-15 – US$ 54.00 – Edited Transcript of CBRO.L earnings conference call or presentation 15-Mar-22 9:30am GMT

Full Year 2021 Close Brothers Group PLC Earnings Call Transcript – 2021-09-28 – US$ 54.00 – Edited Transcript of CBRO.L earnings conference call or presentation 28-Sep-21 8:30am GMT

Close Brothers Group PLC Investor Event - Corporate Call Transcript – 2021-06-15 – US$ 54.00 – Edited Transcript of CBRO.L conference call or presentation 15-Jun-21 8:00am GMT

Full Year 2020 Close Brothers Group PLC Earnings Call Transcript – 2020-09-22 – US$ 54.00 – Edited Transcript of CBRO.L earnings conference call or presentation 22-Sep-20 8:30am GMT

More from Thomson StreetEvents

Thomson StreetEvents—Thomson StreetEvents is a leading provider of Web-based solutions for the investment community, offering services that transform the way companies communicate and meet disclosure requirements while assisting investors in managing and leveraging this information. Thomson StreetEvents service offers institutional investors a one-stop solution for managing corporate disclosure information by aggregating conference calls, webcasts, transcripts, call summaries, and other financial information into a time-saving, efficiency tool.
Purchase Thomson StreetEvents' Transcripts (verbatim reports) and Briefs (call summaries) of earnings, guidance, M&A and other corporate calls directly through Alacra. Discounted prices apply to reports produced over two weeks ago.

About the Author


Cite this Report

  
MLA:
Thomson StreetEvents. "Half Year 2021 Close Brothers Group PLC Earnings Call Transcript" Mar 16, 2021. Alacra Store. May 18, 2024. <http://www.alacrastore.com/thomson-streetevents-transcripts/Half-Year-2021-Close-Brothers-Group-PLC-Earnings-Call-T14625661>
  
APA:
Thomson StreetEvents. (2021). Half Year 2021 Close Brothers Group PLC Earnings Call Transcript Mar 16, 2021. New York, NY: Alacra Store. Retrieved May 18, 2024 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Half-Year-2021-Close-Brothers-Group-PLC-Earnings-Call-T14625661>
  
US$ 54.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.