Vanquis Banking Share Discussion Threads

[123trev] 20/3/2024 06:30

The price did drop nearing the close although it recovered did they let a short out!

[123trev] 19/3/2024 19:15

Big sell at close hit that rise.

[sbb1x] 19/3/2024 16:12

Redwood Master Fund, Ltd. Adding 3.25 percent put the cats amongst the pigeons..... :)

[sbb1x] 19/3/2024 16:00

That big gun adding 3 percent helped , I suspect others are adding now

[sbb1x] 19/3/2024 12:18

Looking better today

[kalasingh] 18/3/2024 17:26

there used to be a good website which listed out potential shares available on loan, can't seem to remember which one it was. Can anyone recommend?

[kalasingh] 18/3/2024 17:23

Not a seller, they lent their shares to perhaps a short seller who created this mayhem

[sbb1x] 18/3/2024 17:17

RNS Norge Bank is the seller

[sbb1x] 18/3/2024 16:44

More big lumps appeared with a 1.8m trade also

[sbb1x] 18/3/2024 15:17

Some very big lumps just went though

[34adsaddsa] 18/3/2024 14:59

It's not FCA uncertainty. Moneybarn has zero exposure to the FCA car finance investigation.

It's Financial Ombudsman uncertainty at Vanquis, primarily involving credit card related claims made by a claims management company.

[jubberjim] 18/3/2024 14:49

The reason I ask is the connection with Moneybarn who advertised quite heavily at the time It is this fca uncertainty which is impacting on Close Brothers and LLoyds so think it does and will have a bearing on Vanquis.

As i said Amigo NSF and Wonga fell victim to the purience brigade so am staying out for now.

FCA investigate after the horse has bolted

Not fit for purpose

Good luck

[peterrr3] 18/3/2024 14:40

Car loans liability under current fca investigation is nil, not being investigated.

[34adsaddsa] 18/3/2024 14:29

"Does anyone know how much the Car Loans ? liability might be.

Unquantifiable does the share price no favours."

zero.

[sbb1x] 18/3/2024 14:28

Volume 40 million since the update.This distressed seller has got to finish soon imo.

[jubberjim] 18/3/2024 14:21

Does anyone know how much the Car Loans ? liability might be.

Unquantifiable does the share price no favours.

[sbb1x] 18/3/2024 14:01

Mkt cap 116m

[oakville] 18/3/2024 13:17

Same here. Very Low PE.

[jubberjim] 18/3/2024 12:55

You are a braver investor than I

Best of luck

[sbb1x] 18/3/2024 12:40

Will average down soon

[jubberjim] 18/3/2024 06:45

diku

T2 and T5 sucked in ?

What is the meaning behind that remark ?

Thanks

[jubberjim] 17/3/2024 09:00

Is Moneybarn still operating and if so is it still recognized under the auspices of Vanquis or was it consigned like Provident and the taint associated to doorstep lenders to history.

Still watching to see how this plays out but noted that GSA Capital increased their short on the 14 march

Detest shorters and the companies behind them almost as much as finance companies that prey on the vulnerable so no skin of my nose here and why is purely passing interest (bad pun intended)

Good luck all

[diku] 16/3/2024 08:35

T2 and T5 sucked in...

[jubberjim] 15/3/2024 18:37

Doesn t matter

When the panic starts it builds its own momentum

And looking at the share price movements there is no back stop so you have to bite the bullet when you want to exit.

The market makers know this and drop the price accordingly.

I have been caught out in the past

If you can buy and hold at a price that suits you all well and good but this is not that sort of share to trade unless you are comfortable with risk.

It could turn around tomorrow but until they are cleared by the FCA expect more pain before any notable gain.

Good luck