CPP Group (CPP)

Sector:

Support

Index:

FTSE AIM All-Share

 127.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 186.50p
  • 52 Week Low: 122.50p
  • Currency: UK Pounds
  • Shares Issued: 9.16m
  • Volume: 591
  • Market Cap: £11.69m
  • RiskGrade: 428
  • Beta: 0.03

CPP distances itself from disgraced founder Hamish Ogston

By Benjamin Chiou

Date: Monday 02 Oct 2023

LONDON (ShareCast) - (Sharecast News) - Identity protection and insurance group CPP published a statement on Monday to distance itself from founder and former chairman Hamish Ogston, who is at the centre of a sex worker immigration scandal.
Ogston, a well-known philanthropist and one of Britain's richest men who founded CPP as a card protection business in 1980, has allegedly been involved in human trafficking, breaking immigration laws and prostitution, according to a Sunday Times investigation.

An article from the weekend, which is based on 1,000 leaked documents, details Ogston's alleged exploitation of vulnerable south-east Asian sex workers over the past 15 years.

"The board of CPPGroup Plc is aware of the serious and troubling allegations made by The Sunday Times against Hamish Ogston, a shareholder in the Group, in its article published on 1 October 2023," the company said in a statement.

"Hamish Ogston left the Board on 28 June 2013 and since that time, and save for those rights reserved for shareholders, has had no involvement in the management or operations of the group. It is not appropriate for CPPGroup Plc to comment further."

Ogston resigned from CPP in the aftermath of a mis-selling scandal involving the company, which found that customers were taking on card and identity protection policies that they did not actually need, resulting in a record £10.5m fine from the Financial Conduct Authority.

The stock was up 3% at 140p in early trading.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

CPP Group Market Data

Currency UK Pounds
Share Price 127.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 186.50p
52 Week Low 122.50p
Volume 591
Shares Issued 9.16m
Market Cap £11.69m
Beta 0.03
RiskGrade 428

CPP Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
21.36% below the market average21.36% below the market average21.36% below the market average21.36% below the market average21.36% below the market average
12.09% below the sector average12.09% below the sector average12.09% below the sector average12.09% below the sector average12.09% below the sector average
Price Trend
41.13% below the market average41.13% below the market average41.13% below the market average41.13% below the market average41.13% below the market average
44.9% below the sector average44.9% below the sector average44.9% below the sector average44.9% below the sector average44.9% below the sector average
Income Not Available
Growth
7.91% above the market average7.91% above the market average7.91% above the market average7.91% above the market average7.91% above the market average
12.77% above the sector average12.77% above the sector average12.77% above the sector average12.77% above the sector average12.77% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CPP Group Dividends

  Latest Previous
  Final Interim
Ex-Div 14-Apr-22 02-Sep-21
Paid 17-May-22 24-Sep-21
Amount 7.50p 5.00p

Trades for 03-Oct-2024

Time Volume / Share Price
15:40 500 @ 128.25p
10:53 81 @ 129.89p
08:30 10 @ 129.89p

CPP Group Key Personnel

CEO Simon Pyper
CFO David Bowling

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