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H&Co: Tripedalism - three legs are better than two
H&Co: Tripedalism - three legs are better than two.
About this update from Arbuthnot Banking Group Plc
[{"type":"text","content":"\n \nRNS Number : 8801F Arbuthnot Banking Group PLC 01 August 2016 \n\n \nHardman research: Tripedalism - three legs are better than two\n \nHardman & Co research report: Tripedalism - three legs are better than two\nArbuthnot Banking Group (ABG) now has three legs to its business, each offering good growth options. First, the Private Bank, Arbuthnot Latham (AL) has invested heavily in staff, products and new offices with the profit payback now visible. Secondly, ABG owns a 18.9% stake in Secure Trust Bank the rapidly growing challenger bank (market value £76m). Finally, we estimate ABG has c£150m of surplus capital. With surplus liquidity, it has the capacity for significant organic or inorganic growth. The options to deploy this capital are virtually limitless. Our capital fully deployed valuation basis is 55% above the current price.\n \nPlease click here for the full report:\n \nhttp://hardmanandco.com/docs/default-source/company-docs/arbuthnot-banking-group-plc-documents/01-08-16-tripedalism-three-legs-are-better-than-two\n \n \n\n\n\n\nTo contact us: \nHardman & Co\n11/12 Tokenhouse Yard \nLondon\nEC2R 7AS\n\n\nContact: Mark Thomas [email protected]: +44 20 7929 3399\nFollow us on Twitter @HardmanandCo\n \n \n\n\n\n\n \n\n\n \n\n\n\n\n \nwww.hardmanandco.com \n \nAbout 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.\n \nHardman 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...