Vanquis Banking Share Discussion Threads

[blackhorse23] 01/8/2024 07:55

Loss went double

[wigwammer] 01/8/2024 07:44

"Expect significant mark down on opening..." Wrong... Bit like pug's negative call on McBride at 30p last year, now 135p... Or pug's negative call on De La Rue at 40p, now 95p... A negative call by pug frequently marks the bottom. GLA

[bbarry8] 01/8/2024 07:39

So no real nasties, just about execution from here

[pugugly] 01/8/2024 06:22

Revised 24 guidance - Cost to income ratio increased by 2%. ROTE . Decreased from low singe digits to a loss for 2024.
Expect significant mark down on opening. Other views?
Ouch. !!!!!!!!!!!!!!

[sbb1x] 30/7/2024 15:50

2 days until update

[sellhighandbuylow] 30/7/2024 05:18

BREAKING NEWS

Another bad day for MARK (the Brexiteer) as another Nonce has been outed.



BBC News reader Huw Edwards charged with making indecent images of children !!

Gary Glitter, Jimmy Saville, Rolf Harris, Jeffrey Epstein, Ian Watkins, Bill Wyman, Freddie Starr, Pete Townshend andnow Huw Edwards

[sbb1x] 26/7/2024 13:00

Thursday next week we find out, how good or bad the update will be.

[blackhorse23] 26/7/2024 09:13

Rates are going down

[sbb1x] 24/7/2024 14:18

Short tracker showing zero

[bbarry8] 24/7/2024 13:35

Anyone know the levels of open short interest? Changes?

[diku] 18/7/2024 17:35

I think that opening gap down of around 44p on results day will get retested again...

[sbb1x] 18/7/2024 09:32

If update is bad on 1st August? Reckon this could see recent lows again 42s

[jubberjim] 16/7/2024 12:18

Blackhorse will be on the bid at 43 or thereabouts

Between him and Porsche1945 it gives a big old BEAR like myself a bad name

Take care everyone

[123trev] 16/7/2024 10:52

Insightful Blackhorse well worth your subscription.

[blackhorse23] 16/7/2024 10:25

Results no good

[blackhorse23] 16/7/2024 10:24

Dropping below 40p

[oakville] 16/7/2024 09:19

Averaged down from my 53p base, picked up some at 45.6p

[wigwammer] 16/7/2024 07:53

Or it might recover. Max downside 100%. Max upside = multiples of that. ATB

[sbb1x] 16/7/2024 07:53

Bought back in

[its the oxman] 16/7/2024 07:45

Unlikely to be the last bad news given their track record here. Little reason to hold as could well continue to drift lower.

[davius] 16/7/2024 07:45

Losses cut at 45.44p, at least it was only a grand.

[joe say] 16/7/2024 07:42

Thanks Peterr3 - hadn't appreciated the short tenure having joined this ship post the spring share price collapse

Nonetheless these issues are largely 'controlled' further down the chain so hopefully he's addressed that, and truly satisfied himself with the integrity of the balance sheet

[peterrr3] 16/7/2024 07:36

In fairness this is the mistakes made by the last team and including those covering their asses over the recoverability of the loan portfolio which new management thought they had written down enough.The court case hasn't been heard yet, but as I have previously said based on prior cases it is unlikely to be a silver bullet and needs regulatory reform.The app take up was miserable at year end so this could have been written off earlier and not capitalised.The cost savings projected should probably have been matched up against the costs of doing it, which are now part of the capital write down

[joe say] 16/7/2024 07:31

Today's news is a real shocker - not just pure trading balances as it were but basics such as a redundant mobile app and property dilapidations

That tells me that they have extremely weak financial controls and a clueless FD.