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Bradford & Bingley(BB.)

Sector:

Banks

Index:

FTSE 250

Market Cap

£1,085.56m

Change Today

Price Down-6.00p

Share Price

175.75p

BB. Overview

Bradford is the last of the former building societies to demutalise and become a company. Mortgages still account for most of its business and B&B is an important lender to the buy-to-let market.

1 Day Chart (09-May-2008)

1 Day Chart

6 Month Chart

6 Month Chart

Income & Efficiency

Latest F'cast
Div Yield 11.9% 11.1%
Div Cover 1.9 1.5
Op Mrgn 22.0% 37.7%
ROCE 10.2%  

Valuation

Latest F'cast
P/E 4.4 5.9
PEG 0.8 n/a
Pr/Revenue 1.9 1.8
Pr/Book 0.9  

Growth

Latest F'cast
Revenue -6.1% 7.7%
PBT -48.9% 84.3%
EPS 5.5% -25.4%
DPS 5.0% -6.1%

BB. Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-03 a738.20 a264.00 28.80p 10.6 n/a -2% 16.50p 5.4%
31-Dec-04 702.20 260.50 29.20p 11.5 11.5 +1% 17.10p 5.1%
31-Dec-05 572.50 263.50 30.10p 13.6 4.5 +3% 18.30p 4.5%
31-Dec-06 609.40 246.70 38.10p 12.3 0.5 +27% 20.00p 4.3%
31-Dec-07 572.30 126.00 40.20p 6.7 1.1 +6% 21.00p 7.8%

a. Based on UK GAAP presentation of accounts - includes discontinued activities

BB. Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-08 616.08 232.23 29.99p 5.9 n/a -25% 19.72p 11.1%
31-Dec-09 638.62 242.25 28.81p 6.1 n/a -4% 19.46p 10.4%

Covering analysts: ABN AMRO, Bear Stearns, Charles Stanley & Co, Citigroup Investment Research, Collins Stewart, Deutsche Bank Research, Dresdner Kleinwort, ESN-NCB Stockbrokers, Goldman Sachs, Hichens, Harrison & Co, HSBC Securities, JP Morgan, Lehman Bros, Merrill Lynch, Morgan Stanley, Numis Securities, Oriel Securities, Panmure Gordon, Shore Capital Stockbrokers, Société Générale, UBS

BB. Company Announcements

Doc re. AGM Resolutions 07-May-2008 15:11 RNS
AGM Statement 23-Apr-2008 12:00 RNS
Interim Management Statement 22-Apr-2008 07:01 RNS

BB. ShareCast News

London close: Banks make Footsie suffer 22-Apr-2008 ShareCast
London afternoon: Footsie trading flat 22-Apr-2008 ShareCast
Bradford & Bingley liquidity secure until '09 22-Apr-2008 ShareCast

BB. Top Newspaper Links

Lloyds to resist rights issue despite effect of ... 02-May-2008 The Independent
A relatively safe U-turn 30-Apr-2008 The Scotsman
HBOS £4bn cash call turns up the heat 30-Apr-2008 The Scotsman

Latest BB. Director Deals

No deals were found in the last 28 days.

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.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: In the case of dual listed securities, broker recommendations and forecasts relate to the primary listing.

Note 6: Forecast figures based on normalised accounts.

 

BB. Market Data

Currency UK Pounds
Share Price 175.75p Price Down
Change Today -6.00p
52 Week High 455.25p
52 Week Low 162.25p
Volume 4,273,217
Shares Issued 617.67m
Market Cap £1,085.56m
Beta 1.60
RiskGrade 272

BB. Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.80% above the market average92.80% above the market average92.80% above the market average92.80% above the market average92.80% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
76.79% below the market average76.79% below the market average76.79% below the market average76.79% below the market average76.79% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income
98.10% above the market average98.10% above the market average98.10% above the market average98.10% above the market average98.10% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
92.75% below the market average92.75% below the market average92.75% below the market average92.75% below the market average92.75% below the market average
87.5% below the sector average87.5% below the sector average87.5% below the sector average87.5% below the sector average87.5% below the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 9
Sell 2
Strong Sell 9
Total 24
sell
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BB. Dividends

  Latest Previous
  Final Interim
Ex-Div 19-Mar-08 22-Aug-07
Paid 02-May-08 05-Oct-07
Amount 14.30p 6.70p

Trades for --2008

Time Volume / Share Price
0 @ 0.000p

BB. Key Personnel

CEO Steven Crawshaw
COO Robert Dickie
Finance Director Chris Willford
Chair Rod Kent