By Iain Gilbert
Date: Thursday 21 Feb 2019
LONDON (ShareCast) - (Sharecast News) - Private bank Arbuthnot continued to make "good progress" in the fourth quarter of its trading year, leading the group to expect an underlying full-year pre-tax profit in line with market expectations.
Arbuthnot told investors on Thursday that its results would also include a one-off adjustment, reducing the anticipated liability related to the management team earn out in its acquisition of Renaissance Asset Finance by approximately £2.5m and increasing its reported pre-tax profits accordingly.
However, regardless of the adjustment, Arbuthnot said RAF continued to "trade well" and has seen its customer loan balances increase by 21% during the year.
The AIM-listed firm also said its other new ventures were also making good progress - with its commercial asset-based lending division ending the year with drawn balances of £25m and issued facilities of £43m and its direct deposit platform going live earlier in the week.
As of 1200 GMT, Arbuthnot shares had slipped 1.95% to 1,260p.
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Currency | UK Pounds |
Share Price | 1,025.00p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 1,105.00 |
52 Week Low | 877.50 |
Volume | 95 |
Shares Issued | 16.19m |
Market Cap | £165.91m |
RiskGrade | 147 |
Value |
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Price Trend |
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Income |
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Growth |
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Latest | Previous | |
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Final | Interim | |
Ex-Div | 18-Apr-24 | 24-Aug-23 |
Paid | 31-May-24 | 22-Sep-23 |
Amount | 27.00p | 19.00p |
Time | Volume / Share Price |
12:08 | 95 @ 1,045.14p |
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