Vanquis Banking Share Discussion Threads

[minja19] 31/5/2024 16:17

... well I definitely mistimed my recent top up.
clearly being dragged down for some reason and I can think of a couple,
both positive.
Looking forward to a big bounce, if they take it to the 50 dma
Huge volume today and ,,,,,
NT to buy just 500 quids worth, just before the bell @ 16.29

[diku] 31/5/2024 15:47

Very chopping trading going on across the board...

[davius] 31/5/2024 15:43

Taken a caning to the tune of 4.5%

[sbb1x] 31/5/2024 15:37

Eye eye what's going on here

[nikesh] 31/5/2024 12:44

One institution selling and being shorted. Interesting to know why it would be worth shorting as it is such a small position 1.5m

[davius] 30/5/2024 19:57

And today, one of only two fallers in my portfolio. C'est la vie.

[123trev] 29/5/2024 21:35

Well Minja having already made over 50% here and be one of the very few to realise value early on I don’t frett to much lol. However I do like to pay attention to my investments the issue is knowing that Redwood and others have such major holdings here that it makes no sense for these shorts to open one of my thoughts is are they be used to keep a lid on the price!

[minja19] 29/5/2024 15:45

Good steady buying today, with fair volume, so I fully expect the share price to close blue.
It will then be marked as a buy across a number of sites ...
which will inevitably bring in more buyers tomorrow.

Time to stop fretting about small shorts and think more about the big players

[123trev] 29/5/2024 09:45

Looking to add again on further weakness what’s puzzling is the recent short from the Texas pension scheme and the slight increase from M seems strange!

[minja19] 29/5/2024 09:21

topped up this morning, as share price looks about ready to clear the long term downtrend.

[diku] 29/5/2024 08:16

Market wobble as the election d date gets closer...

[jubberjim] 29/5/2024 06:37

Yes

But the cant remains the same.

[smithie6] 28/5/2024 23:23

today

down 1p
up 2p (+3.3%)
down 2p (- 3.3% !)

all over the place today !

[smithie6] 27/5/2024 23:36

"Do you not think that the incoming government will not be looking closely at the past and present behaviour of the associated finance firms and intervening."

the personal loans division (small part of VANQ) it made a loss in 2023 & I think in 2022.

So, if you are saying that a labour Govt would complain about VANQ losing money from that, clearly that would be completely illogical.

Perhaps you should have first looked at the results before posting.

--------

And of course borrowers will look around at the cost of borrowing from different lenders and then probably take the cheapest loan they can get as long as the conditions are ok.
If a labour Govt wanted to assist the people borrowing from VANQ then the Govt could just give them the loans themselves, at 0%, or as a free gift.
But of course that won't happen since the Govt will be skint & apparently already needs to raise £30-38bn from new taxes to pay for its plans.

Govts need banks. The economy needs banks. House builders need banks/loans.
Don't expect UK Govts to go against banks !!

[jubberjim] 26/5/2024 12:10

Oldtimer

I take the hypocrisy comment.

Was a barb aimed in my direction?

Smoking or vaping is a choice that individuals make

Bats pays a very decent dividend which is my primary objective.
I was a smoker for quite a few years hence my reluctance to invest in the past.

I have been very fortunate that touch wood I have never been desperate enough to go to a high interest charging company.

Do you not think that the incoming government will not be looking closely at the past and present behaviour of the associated finance firms and intervening.

I remain uninvested and will continue to do so but you 'pays your money' and makes your choice.

So good luck with your endeavours.

[oakville] 24/5/2024 08:26

Not really. Intraday doesn't bother me.

[smithie6] 23/5/2024 23:10

...do you do English as well ?

[sbb1x] 23/5/2024 12:25

Being held while Norge do there stuff

[smithie6] 23/5/2024 11:35

ok, Norges bank is the state bank of Norway

so it has deep pockets !

so, Petrrr3 was right that they can buy £1/2m more of VANQ shares without blinking.

---
Norges Bank
"The central bank of Norway's aim is price stability and financial stability, and to generate added value through investment management."
"

[smithie6] 23/5/2024 09:51

go on then Peterrr3

£1/2m

tell us how much uninvested cash Norges Bank has at this moment ? (from which it can buy more VANQ shares)

and how does that compare with their guideline for their preferred level of univested cash ?

Do you really know that level of info for Norges bank ??

maybe you are right....but one would perhaps need to read the Norges Bank accounts or numbers to be sure.

Norges Bank is a indep. commercial bank or is it the massive Norwegian State assets fund (built up from income from the oil sector) or is it the state bank of Norway ?

[diku] 22/5/2024 21:48

Coded message...