Vanquis Banking Share Discussion Threads

[qs99] 03/12/2024 15:38

Well so far an easy run up from sub 40p diku....looks like a few are buying in ahead of a possible settlement with FCA re historic claims IMO....DYOR....

[diku] 03/12/2024 14:24

I thought you were the analyst above all...I gave you one uptick...any chance of uptick for me?...

[blackhorse23] 03/12/2024 13:08

Vanquis Banking Group currently has a "Buy" rating among analysts

[blackhorse23] 03/12/2024 10:34

700m cash in bank , 2 billion pounds on market, receivable with interest, MCAP only 95m ... BARGAIN

[blackhorse23] 02/12/2024 12:34

Looking good and strong

[diku] 02/12/2024 08:37

CURYman...easy run to 75p plus???...did you have 3 shredded wheat this morning...

[blackhorse23] 02/12/2024 08:12

Once cross 50p then easy run to 75p plus

[qs99] 02/12/2024 08:12

Lovely bowl formation forming

[qs99] 29/11/2024 13:15

Just think, when those shorts HAVE to close, which they will IMO, that IMO may have a good squeeze effect as well.....DYOR as ever....long way to go.

[blackhorse23] 29/11/2024 10:48

70p before Xmas

[diku] 29/11/2024 10:39

Please just ring the bell before the turn if any...

[blackhorse23] 29/11/2024 09:24

Looking good , once cross 50p then easy run to 60p , massively undervalued stock

[diku] 28/11/2024 17:58

CURYman...is it going to 200p?...or 500p?...

[blackhorse23] 28/11/2024 15:14

VANQ has net cash around 200p per share after FCA compensation claims and all deduction. It's a WIN WIN buy . share price now 45p and another 155p to go

[blackhorse23] 28/11/2024 14:40

Reversing share price : 12 months price range 160p to 40p , 4 years price range 500p to 40p

[gregsc] 28/11/2024 13:42

GLG partners just got caught out on Renewi, so their 3.72% short in VANQ is definitely at risk..

[diku] 28/11/2024 11:25

CURYman...going to 50p pronto?...

[blackhorse23] 28/11/2024 09:25

Big mover likely next month, festive trading update is coming , expecting record revenues & 60m cost savings ...

[qs99] 27/11/2024 20:02

"Vanquis Banking Group Plc

This highly regulated bank (FCA and PRA) is also another 'fallen angel' having emerged from the collapse of Provident Financial Plc. With material deposits (covered by the FCSS), the business is primarily focused on a below-prime credit card and vehicle financing with over 1.7m customers. An evolving Board and highly experienced new management is focused on its purpose of helping the nearly 20 million consumers who are financially stretched access credit and achieve mid-teens return on net tangible assets. Their potential financial returns are high relative to mainstream banks as managing high risk credit comes with higher returns, however currently they are being negatively impacted by a deluge of complaints - the vast majority of which are from financially motivated Claims Management Companies. This has caused considerable cost to administer and distraction to the business despite a very low uphold rate; the company is engaged with the regulators to create a fairer playing ground and suing the worst offending claims company. Well capitalised and undergoing a technology improvement plan, our full thesis for recovery indicates returns well in excess of our target rate. On current market expectations, the shares are valued on a Price to Book ratio of 0.3x to their Financial year 2025."

From Rockwood Plc RNS on their "new investment".....a hard one IMO to bet against given their track record of success, so what does GLG know that Rockwood don't?

DYOR

[kelso29] 27/11/2024 19:58

Yesterday GLG partners increased their short again by 0.22% to 3.72%. With the share price going up, this must be getting painful for them.

[wad collector] 27/11/2024 14:48

Err.. a 12 month high would be about 130p. A nice idea but somehow unrealistic I think just because you have stopped dissing it....

[blackhorse23] 27/11/2024 14:44

Reversing now towards 12 months high

[qs99] 27/11/2024 12:53

Nice moves

[blackhorse23] 27/11/2024 09:15

12 months price range 160p to 40p , 4 years price range 500p to 40p

[diku] 26/11/2024 14:38

CURYman...you very happy today...