l1O - it does look a bit undercooked. I bought back in a few weeks ago, but only on the hunch/instinct that the legal action has significantly less substance than PPI and might be overhyped. That the action was accepted for appeal suggests that there are some concerns and hopefully support my hunch/instinct. That said there seem to be a few macro-economic clouds on the horizon. |
Think the market is being quite stingy here. Up just 3.8%, even LLOY is up more.
Considering CBG were circa 375 when the judgement was made, I was expecting this above 300. |
Looking good here but I will wait until court outcome! Meantime I am heavy on VANQ [LSE] in foot of court found FCA is an unfair organisation regarding redress fine which will help British financial institutions |
Nice reversal !!! |
3 quid today - |
in auction - |
great news |
wow -
rns out - |
I am hearing the slate will be wiped and new laws set |
on its way back up! |
Looks like breaking out of trading range |
Agree, especially now that the Treasury will want this sorted ASAP due to the effect on growth and loan/capitol availability for everything from Cars to Mortgages.The Supreme Court will be forced to make a quick decision/Judgement on this, and with political pressure mounting on them, it is even more unlikely that the FCA will make any compensation terms overly onerous on business.CBG will have to take a hit, but the size of it still can't be worked out until the FCA makes a decision. |
Wace and Cube upped their shorts on 2nd Dec overall 3.9 percent but took until now to show on the tracker. Quite at odds with the price momentum. |
Old news... |
Marshall Wace upped their short a tad more on 25th |
Add all the other comparison websites onto the Judges list. They aren't doing it for free folks |
Martin Lewis's business Commission disclosure for his referals
Re the above tool. Can we launch a campaign against him to as to how much Introductory commission his business receives from all the suppliers/ banks / lenders / insurance Co's etc etc on his website????????. You aren't doing it for nothing are you Marti boy. Commission disclosure for you Martin Lewis. You been found out son. You cant kid a kidder.
If anyone from Close is reading this, please mention this to the Judge, what's good for the goose is good for the gander. |
Reposting the link that skinny posted on the Lloyds thread
Why the £30bn car finance crisis is turning into a pile-up for banks |
Marshall Wace and Cube increased their short again. I have a very small number slightly in the black but will sit on the fence for any run up for now. I would have liked to see a provision put aside, even though they are effectively doing that through capital strength. |
the company said they will be?each to their own I guess..? |
 If they don't put a claim within next 38 hours, it will be statue bared, so no chance to overturn court of appeal, the court of appeal made it clear it was futile, in an unusual move, cases to supreme court, fail to get accepted 98% of the time in any case, the odds for this one even less.
I will stick with Moody's assessment of up-to 30bn, which is structural problem for close even if it it half that, I'm not confident a right issue would be enough in that event, so the line that the outlook for business is "uncertain", from Close, from Jan that has remained, whilst estimates of liability continue to rise, whilst Close exasperate it adding doubt also to ongoing business out of scope of FCA.
An "uncertain" future means exactly that, chance not to have one, or a very different one to now, the estimates rising all year and court case was the writing on the wall, a futile attempt to pled to supreme court will not work, the hours are ticking away on that in case no one got what "imminent" meant, another example of unnecessary ambiguity, they have had all year to frame outcomes, they have not done so, because in fact they cannot rule out a worst case, so we are left with an uncertain future to invest in, so, remains not investable. |
exited my trades below £2 -
still have two trades left at close to £3 - |
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