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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Curtis Banks

June 2017

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • CBP
  • Price:
  • 292.5p
Shares in Curtis Banks, one of the largest administrators of SIPPs (self invested personal pensions), have recovered well following a profit warning that management put down to lower interest rates on funds on deposit and the delay in getting regulatory clearance to complete the £45m acquisition of Suffolk Life. That meant Suffolk only contributed seven months to Curtis’ full year results, which showed pretax profit up 16% to £7.1m and eps increasing 1% to 11.38p (18% more shares).The key growth driver was an 86% increase in SIPPs under administration to almost 73,000 with Suffolk Life adding 28,000 (organic growth was 16%). Assets under management were £20bn but revenues are generated through transactions r ...

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Related Articles

Curtis Banks (June 2018)
Curtis Banks - Good value on 2017 PE of 15.8 (November 2016)
Curtis Banks - SIPP provider growing strongly (May 2016)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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