And when down it's down down deeper deeper down... |
Will go up with no time! When up it's up very good |
agree, not good to see a drop like this in the build up to results. had a good read thru the last 2-3 reports and perhaps didn't look as good as i first thought they did. yeah, yeah i should have done my research!
not much volume though
i was expecting a bit of volatility prior to results. with the hope that volatility implies some transient ups rather than just downs. |
Iof too in red ! |
Doing well Blackhorse ? Cbg are blue ! |
Taking quite a caning... |
Top up again |
CURYman..are you feeling alright... |
And yet down she goes... |
Not necessarily, brokers & buyers in background buying slowly before results day so they can make good money... similar companies in LSE all earnings & profits beat estimates in recent months... 2024 was very good year for all financial companies including bank |
A sliding share price before results usually means those in the know have been told they'll be weak. 20% off the recent high doesn't inspire confidence.
Leaking tap, drip, drip, drip? |
Vanquish bank robust balance sheet:?high Liquidity £717m ?MCAP only £148m?Interest earning balance £2.4 billion |
You upset CURYman... |
Time to buy IPF pay nice divis Vanquis doesn't! Has No profits to pay Divis.. |
s34cknote
IPF vs Vanq
...only had a quick look at results
perhaps 3 things I dont like about IPF
- highly geared imo wrt debt
- paying 13% on the money it borrows to lend out. That is fundamentally bad imo.
- has a history of hits from countries introducing new rules against high % rate lenders.
- it got a big hit from exchange rates....which on a temporary basis wiped out the profit !
(will exchange rates reverse & the loss gets reversed ? or could it get worse ? look at Argentina, it got worse then worse again...month after month !?) |
CURYman...have you reached 3%?... |
Time to buy VANQ |
Ipf vs Vanq ?Thoughts smithie ? |
btw
IPF nett assets were about flat despite a large reported profit....because the big loss on currency conversion of cash/debts to sterling were booked to reserves & not to profits, wiping out the profit. (if the exchange rates move back to where it was before then the effect might cancel out; or it might get worse !)
without the currency effect on assets the business at IPF was solid imo
Vanquis ...its turnover is in the UK so it is not exposed to that currency risk. |
Ipf pay a high dividend, hopefully Vanq will up theirs and the share price will rise |
agree davius, stonking results from ipf today, expected a better market response. essentially vanq are a similar business, just in uk. hope to see similar results here! ipf didn't have any notifiable shorts, vanq do, so there might well be more shorts under the 0.5% level.
vanq results out 14/3. keep an eye out for any rns holdings changes between now and then. |
Good results from peer IPF, but no feedthrough here yet.
Might be a good sign at least. |
Norge investment bank is keep buying and increasing their holdings as well , they are looking to takeover soon |
Just keeping you in the loop
Basswood capital opened a short position of 0.5% on 18/2 and then reduced on 21/2 to 0.3%.
They have shorts on close bros so they obviously have a view on the car finance issue.
Glg have not changed their short since Nov.
Make of that what you will |
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