CYBG PLC (ASX: CYB) via its subsidiaries (like Clydesdale Bank, Yorkshire Bank, and Virgin Money UK, CYB Investments Limited, Cybg Plc. SIP etc.) offers retail and business banking products, and services to both individuals and businesses. The company was founded in 1838, and located in Leeds, UK. CYB functions via SME Banking and Retail Banking division. SME Banking provides an array of banking products and services, consisting of business current accounts, and secured and unsecured term loans, business overdrafts etc. The Retail Banking provides personal current accounts, savings accounts etc.
On 8 March 2019, CYB notified the market, that it had applied to the Financial Conduct Authority and the LSE for the total 8,400,000 ordinary shares of 0.10 pound each, to be admitted to the Official List. It was anticipated then, that admission would become effective on 12 March this year.
These shares are being reserved under a Block Listing, and would be issued with the award of shares pursuant to the following employee share plans:
- CYBG Deferred Equity Plan (2,000,000)
- CYBG Long Term Incentive Plan (1,400,000)
- CYBG Share Incentive Plan (2,400,000)
- Virgin Money Deferred Bonus Share Plan (1,700,000)
- Virgin Money Long Term Incentive Plan (900,000)
When issued, these shares would rank pari passu with the existing ordinary shares.
On 6 February 2019, the company provided First Quarter 2019 Trading Update, where it recorded that the Group is making good progress, in decreasing its underlying operating costs during the period. The company had remained on track to deliver its FY19 guidance of lesser than 950 million pounds.
The stock of the company last traded at A$3.810 (as on 15 March 2019), up by 1.872% from its previous close. It has a market capitalization of A$ 5.35 billion with circa 1.43 billion shares outstanding. In the last 1 year, the stock of the company has given a negative return of 31.75%, in the last six months, it has given a negative return of 38.69%. However, in the last 3 months, it has generated a positive return of 11.98%.
Bank of Queensland (ASX: BOQ)
Bank of Queensland (ASX:BOQ) ,along with its subsidiaries like (BOQ Specialist Pty Ltd, BOQ Specialist, Virgin Money Australia, BOQ Equipment Finance Limited, BOQ Credit Pty Limited, BOQ Management Ltd etc.) offers numerous financial products, and services within Australia. The bank was founded in the year 1874, and is situated in Newstead, Australia. BOQ functions in 2 divisions namely Banking and Insurance. It provides personal banking services like everyday banking services, savings and investments accounts, and term deposits etc. The company also provide commercial insurance along with credit protection insurance.
On 8 March 2019, BOQ notified the market, that it's Chief Risk Officer, Mr Peter Deans, was retiring after 7 years of his tenure in BOQ. He had an illustrious career, which spanned for more than 3 decades in the banking sector.
In January 2019, the company published an APRA Basel III Pillar 3 Disclosures for the quarter ended 30 November 2018. As on 30 November 2018, the Common Equity Tier 1 Capital Ratio was 9.1%, down from 9.3% as on 31 August 2018. Also, the Total Capital Ratio was 12.6% down from 12.8% as on 31 August 2018. BOQâs capital management plan concentrated, on ensuring adequate capital levels to be maintained to protect deposit holders. BOQâs capital was measured and achieved in step with Prudential Standards issued by the Australian Prudential Regulation Authority.
The stock of the company last traded at A$9.210 (as on 15 March 2019), up by 0.327% from its previous close. It has a market capitalization of A$3.69 billion with circa 401.79 million shares outstanding. In the last 1 year, the stock of the company has given a negative return of 22.01%, in the last six months, it has given a negative return of 18.69 %. However, in the last 10 years, it has generated a positive return of 27.74%.
MyState Limited (ASX: MYS)
MyState Limited (ASX:MYS), via its subsidiaries like (Tasmanian Perpetual Trustees Limited, MyState Bank Limited, Rock Building Society Limited, Connect Asset Management Pty Ltd etc.), offers an array of financial products and services across Australia. The company is headquartered in Hobart, Australia and provides banking products, comprising of transactional savings accounts and fixed term deposits. It also offers home and personal loans, and offer trustee services consisting of estate planning etc.
On 1 March 2019, the company notified the change in interests for one of its directors, Sibylle Krieger. From 28 February 2019 onwards, the director owns 23,655 fully paid ordinary shares compared to the previously held 15,475 fully paid ordinary shares.
On 22 February 2019, MYS announced that its Non-Executive Director, Mr Peter Armstrong had retired from the Board.
The company had released its half-year results FY2019 ending 31 December 2018. The net profit after tax for 1H FY19 was $14.4 million compared with $15.8 million in the previous corresponding period. MYS had a robust balance sheet, and the Groupâs capital adequacy ratio at 31 December 2018 was 13.05%. Although there was a low-profit result during the period, the Group ROE of 9.03% was notably higher, than regional bank peers because of disciplined capital, cost and balance sheet management.
The stock of the company last traded at A$4.280 (as on 15 March 2019), down by 1.155 % from its previous close. It has a market capitalization of A$392.56 million with 90.66 million shares outstanding. In the last 1 year, the stock of the company has given a negative return of 8.26% and in the last six months it has given a negative return of 10.72 %. However, its overall stock return until now had been of 48.47% since its inception.
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