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Curtis Banks - Shares climb to new high

March 2018

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:
  • 325p
The shares broke to a new high after Curtis Banks issued a trading update for 2017, which will be the first full year results to include Suffolk Life. 8,798 new SIPPs were added during the year  and overall SIPP numbers increased to 76,474. One of the reasons the group is so successful is that its business is cumulative. People run their pensions for years and attrition rates have continued at a similar rate to previous years at a low 5.7%. As at the year end assets under administration were £24.7bn, up from £20.4bn. A rate rise would be great news for the business because it makes money on the interest difference it receives and which it pays customers. Await results on 15 March. ...

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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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