Vanquis Banking Share Discussion Threads

[warren bluff it 1] 15/5/2024 06:50

Looks well over sold,If it dips today I for one will be buying more.

[warrenbuffet73] 15/5/2024 06:20

Solid

10,000 new customers

Loss making customers being moved on

All good

[warrenbuffet73] 15/5/2024 06:16

Solid

10,000 new customers

Loss making customers being moved on

All good

[123trev] 15/5/2024 06:10

Well not much to digest could be wrong but think the rise is already baked in for now.

[oakville] 15/5/2024 06:09

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 21:35

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

[davius] 14/5/2024 21:17

According to II...

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

[diku] 14/5/2024 20:17

Somebody mentioned 200p?...

[warrenbuffet73] 14/5/2024 17:49

What’s the 200mda price roughly?

[sbb1x] 14/5/2024 15:40

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

[sbb1x] 14/5/2024 15:27

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 14:04

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 13:13

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

[peterrr3] 14/5/2024 12:46

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

[123trev] 14/5/2024 11:56

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 11:48

Peterrr3 still quite a lot of institutional investment here mate.

[sbb1x] 14/5/2024 11:29

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

[peterrr3] 14/5/2024 11:28

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 11:12

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

[123trev] 14/5/2024 11:03

That’s a big gap up lol.

[lawson27] 14/5/2024 10:43

Taken a few more on the breakout of recent, GLA

[diku] 14/5/2024 09:50

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

[oakville] 14/5/2024 08:58

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 08:53

Off again let’s see 60p

[sbb1x] 14/5/2024 08:51

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...