Vanquis Banking Share Discussion Threads

[blackhorse23] 22/11/2024 16:41

U need to go optical express ? Lol

[diku] 22/11/2024 14:06

Does that mean the price goes down...

[blackhorse23] 22/11/2024 13:23

Level 2 to looks very good , buyers volume 10 times higher than sellers

[diku] 22/11/2024 10:21

CURYman..are you ok?...just checking...were did you get 40% from...

[blackhorse23] 22/11/2024 10:11

40p plus closing today

[peterrr3] 22/11/2024 07:56

GLG 40 shorts on I hear. Hard to tell how successful they are given Man directors strip out the value as fast as any arises by granting themselves shares and quickly selling. So you may be safe at the end of the day horse.

[blackhorse23] 21/11/2024 15:13

Bargain buy right now before skyrocketing

[davydoo] 21/11/2024 13:42

It's only £3m, not much in the scale of their funds.

[kelso29] 20/11/2024 20:16

GLG partners have increased their short again by 0.10% to 3.20%.(No other declared shorts over the 0.50% reporting threshold). Isn't that a high percentage for a single fund?

[diku] 20/11/2024 15:02

CURYman..you still happy?...where you get 40% from?...

[sahina123] 20/11/2024 14:52

Down again.

[blackhorse23] 20/11/2024 13:06

Nice 215k & 90k buying

[diku] 20/11/2024 08:56

You very happy today so far...

[blackhorse23] 20/11/2024 08:19

Another 3% up today ?

[diku] 19/11/2024 21:08

CURYman..where you get 40% from?...

[casholaa] 19/11/2024 21:02

I think it's the anticipated EPS for 2024. I'm underwater from the 50s.

[kelso29] 19/11/2024 20:28

GLG partners have increased their short again by 0.16% to 3.10% on Monday.
With the large gain in share price today I'm guessing that they haven't increased their short today, find out tomorrow.

[blackhorse23] 19/11/2024 15:59

Interesting earning balance is 2 billion pounds, typically return rates 40% , which comes to close to 800m receivable

[diku] 19/11/2024 13:58

CURYman...how does the stock market works for you?...buying at 50p and seeing it go to 38p...do you really know what this 2 bln notes is or maybe you know more about strawberries...



Don’t waste people time if you don’t know how stock market works?? Selling strawberries probably better option for u lol

[blackhorse23] 19/11/2024 13:58

All in their website... https://www.vanquisbankinggroup.com/

[qs99] 19/11/2024 12:51

What is underlying potential EBITDA/EBIT potential here though once FCA deal done (that's my assumption based on ROckwood commetary)? If anyone has up to date forecasts that would be great thanks, but can't find anything googling! DYOR cheers QS99

[blackhorse23] 19/11/2024 12:42

VANQ looks very cheap , high cash liquidity 703 million, 2 billions note approved, claim cost already set aside 100m which give group another cash regulatory liquidity around 600m , then 60m cash savings by 2024, Rachel reeves supporting UK financial companies... all good in here

[simon gordon] 19/11/2024 12:37

Rockwood - 19/11/24:

Vanquis Banking Group Plc

This highly regulated bank (FCA and PRA) is also another 'fallen angel' having emerged from the collapse of Provident Financial Plc. With material deposits (covered by the FCSS), the business is primarily focused on a below-prime credit card and vehicle financing with over 1.7m customers. An evolving Board and highly experienced new management is focused on its purpose of helping the nearly 20 million consumers who are financially stretched access credit and achieve mid-teens return on net tangible assets. Their potential financial returns are high relative to mainstream banks as managing high risk credit comes with higher returns, however currently they are being negatively impacted by a deluge of complaints - the vast majority of which are from financially motivated Claims Management Companies. This has caused considerable cost to administer and distraction to the business despite a very low uphold rate; the company is engaged with the regulators to create a fairer playing ground and suing the worst offending claims company. Well capitalised and undergoing a technology improvement plan, our full thesis for recovery indicates returns well in excess of our target rate. On current market expectations, the shares are valued on a Price to Book ratio of 0.3x to their Financial year 2025.