Vanquis Banking Share Discussion Threads

[the codger] 13/3/2024 11:04

Expect a bounce and Don't cry about it when it happens

[123trev] 13/3/2024 10:04

I’m surprised Vlad wasn’t all over this one perhaps not worth his effort.

[123trev] 13/3/2024 10:00

Hi Jubber be back in those insurers when they become bargains again lol as you no made a few quid here last time but not really tempted at the minute with this latest revelation and to be honest it’s a total crock with most claims outrageous but each has to be investigated at a big cost. I’m hoping the new team here get a chance but brick walls keep slamming them in the face for me a punt would have to come much lower it didn’t drop this amount for nothing but markets do what markets do.

[the codger] 13/3/2024 09:54

Once it breaks out,hang on to your lug
Nuts

[sahina123] 13/3/2024 09:50

Deliberately someone trying to keep this down.

[the codger] 13/3/2024 08:58

Come on my son

[sahina123] 13/3/2024 08:56

Bouce coming

[jubberjim] 13/3/2024 08:42

Trev
Fear and perception are the watchwords

I would imagine a fair few investors got mullered by the collapse of the doorstep lenders and although Vanquis is a different beast that uncertainty is prevailing given its origins.

This could be a bargain or another destruction of shareholders investments

I am currently holding Lloyds but this Car finance is weighing very heavily in light of the share price performance of Barclays and Nat West though they were both suffering equally a few months ago.

Prefer my Insurers but am now so top heavy in particular in Lgen that i have to desist from any further sallys forth.

Am dying (bad pun ) to buy Bats for the dividend but as an ex smoker have to resist

all the best be lucky

[sahina123] 13/3/2024 08:26

Strange share performance. Expecting to cross 70 p quickly

[123trev] 13/3/2024 06:51

Jubber the problems here are nothing to do with car finance it’s credit cards mainly and the quality of the loan book. The car finance issue is definitely a problem but if you look Lloyds is actually rising.

[jubberjim] 13/3/2024 06:39

Nothing mysterious about this I m afraid

The taint and the fate of Wonga, Amigo, NSF hangs heavy in the air.

The car loans debate has exacerbated the problem Close Brothers and Lloyds all suffering in no small measure.

Until that has been cleared up this and they will continue to suffer.

Investors are running scared when they should be looking to invest.

Uncertainty rules for the time being.

Have to suffer for time being. This too shall pass !

Good luck everyone

[diku] 12/3/2024 18:58

Post 67...share prices/markets move in a mysterious ways...

[123trev] 12/3/2024 17:56

Remember net profit is more likely to come in at £11 million!

[sbb1x] 12/3/2024 16:41

Shed loads of buying all day but down 7.5%.

[oakville] 12/3/2024 12:35

I agree with the above, only here as it popped up on my buzz indicator but looking at the P:E i would expect it to bounce back to between 70p and 80p this week.

[sahina123] 12/3/2024 10:17

This will bouce now over 70 p quickly . Just my personal feeling no investment advise

[sbb1x] 12/3/2024 10:17

395,000@60p buy

[sahina123] 12/3/2024 08:13

Looks cheap at 56 p

[eat more aaapples] 12/3/2024 00:01

@@@@@@@@@@@@@@@@ eat more @pples@@@@@@@@@@@@@@@@@@@@@@@@@ @pples is 1 of ur 5 a day@@@@@@@@@@@@@@@@@@@@@@pples is good 4 u@@@@@@@pples is luvly

[pugugly] 11/3/2024 22:58

123Trev - Thanks.

[123trev] 11/3/2024 22:47

Nothing to do with motor finance more credit card based and not exactly valid claims either but the cost to investigate them is very costly.

[pugugly] 11/3/2024 21:35

I must have missed something What is the subject matters of the "significant levels of third party complaint submissions"

As it says ".The Group is not a subject of the FCA's review of historical motor finance commission arrangements and sales."

RNS Is condusing in this matter (imo)