Vanquis Banking Share Discussion Threads

[oakville] 15/5/2024 07:09

Financial highlights



· New customer acquisitions grew in line with expectations in Q1.

· Gross customer interest earning balances declined due to the action taken at the end of 2023 to moderate unprofitable lending growth, as well as customers spending less in the current economic environment and paying down more debt than forecast.

· Increase in NIM was driven largely by the re-pricing in Cards at the end of 2023.

· Underlying credit quality remains stable.

· Focus on efficiency and simplification continues, with costs in line with expectations.

· Vanquis remains well capitalised with strong levels of liquidity and funding.

· £50m of TFSME funding was repaid early in the interests of prudent liquidity management.

[warrenbuffet73] 14/5/2024 22:35

My estimate on a positive update tomorrow is 71p then onward rise to £1 over the coming weeks

[davius] 14/5/2024 22:17

According to II...

200dma is at 104p
50dma is at 60p

[diku] 14/5/2024 21:17

Somebody mentioned 200p?...

[warrenbuffet73] 14/5/2024 18:49

What’s the 200mda price roughly?

[sbb1x] 14/5/2024 16:40

Another decent UT 56.60 up 4.42 percent.Higher lows and higher highs. Hopefully a good update tomorrow!

[sbb1x] 14/5/2024 16:27

Vanquis Banking Group (#VANQ) ? 57.9pSchroders #TR1 13.48% (? 1.23%) ~=3.1m #acquired 14/05 14:56 #RNS Holding(s) in Companylondonstockexchange.com/news-article/V...

[minja19] 14/5/2024 15:04

insti's been upping their stake, immediately prior to the agm and trading update.
leaky ship or guesswork?
once the share price closes above the 50dma, it looks like a pretty clear run to the 200

[diku] 14/5/2024 14:13

The market read my post of 252 10.50 and up it goes...

[peterrr3] 14/5/2024 13:46

Sorry, Trev, not sure if you read me right, this was greater than 90% ii already.

[123trev] 14/5/2024 12:56

Well I’m away to the pub tempted to sell with another 20% profit but I’m sure there’s more to come so let’s take temptations away lol.

[123trev] 14/5/2024 12:48

Peterrr3 still quite a lot of institutional investment here mate.

[sbb1x] 14/5/2024 12:29

Another day of excellent volume, could see 70p if good update

[peterrr3] 14/5/2024 12:28

There are very few shares not owned by iis Trev. If they are accumulating this will squeeze sooner rather than later.

[123trev] 14/5/2024 12:12

One of the only games in town at the minute offering any possible values expect speculators to climb on board.

[123trev] 14/5/2024 12:03

That’s a big gap up lol.

[lawson27] 14/5/2024 11:43

Taken a few more on the breakout of recent, GLA

[diku] 14/5/2024 10:50

Didn't Directors buy around 56p recently...needs to by pass that...

[oakville] 14/5/2024 09:58

9 weeks ago these were trading at £1.24, we have picked up quite a few at an average of 50.7p. The fall was way overdone.

[123trev] 14/5/2024 09:53

Off again let’s see 60p

[sbb1x] 14/5/2024 09:51

Vanquis Banking Group (#VANQ) ? 54pNorges Bank #TR1 3.14% (? 0.24%) ~=0.6m #acquired 14/05 09:18 #RNS Holding(s) in Companylondonstockexchange.com/news-article/V...

[123trev] 14/5/2024 09:42

They have done this before though.

[oakville] 14/5/2024 09:38

Yes they had been selling down and now decided to go back above 3%.

[123trev] 14/5/2024 09:38

You would think that there maybe something encouraging on the horizon?

[123trev] 14/5/2024 09:30

Is that someone else increasing normally they are selling!