Vanquis Banking Share Discussion Threads

[tsmith2] 27/3/2024 13:49

someone is clearly pick up stock.

[diku] 27/3/2024 13:13

Need to get the herd in here on radar...

[tsmith2] 27/3/2024 12:55

Shall follow lead of insiders see if they buy.

[tsmith2] 27/3/2024 12:54

apparently trading at a v steep discount to NAV and could be on 2026 PE of just 2-2.5

[oakville] 27/3/2024 11:59

Redwood is continuing its buying spree here.

[warrenbuffet73] 27/3/2024 11:45

£50-£60m ebitda this year should put us on 7 times current share price

Back to over £1 very quickly I think.

Takeover imminent. Redwood buy out

[tsmith2] 27/3/2024 08:59

interesting comment about one ambulance chaser behind 2/3 of dodgy claims and that they've taken legal action to nip it in the bud..

[tsmith2] 27/3/2024 08:47

any broker commentary?

[bbarry8] 27/3/2024 07:21

All about liquidity at this stage, and being able to trade out of this mess. Liquidity slide and comments about liquidity options a positive I would say

[123trev] 27/3/2024 07:18

Pretty much as expected but we now have some management changes again that look to add a little more direction can the ship be turned around! I imagine Redwood may think they can enhance the current situation if it was under their umbrella let’s see if they accumulate more.

[eigthwonder] 27/3/2024 07:13

Being Vanquis, if you think the bad news you know about is priced in they’ll find new bad news for you to price in

[sos100] 27/3/2024 07:08

but the bad new looks price in?

[imjustdandy] 27/3/2024 07:06

Motor insurance costs look concerning . Unquantifiable but increase in admin function to address will impact profits.

[jubberjim] 27/3/2024 06:31

Hopefully the 'Truth' is out there and should be revealed this morning.

I wouldn't want to hazard a guess as to how the market will react.

Such a thin market and nervous investors has not been good

Maybe all the fears will be put to rest today but at what cost

Will hopefully put peoples minds and wallets at rest.

Good luck everyone.

[tsmith2] 26/3/2024 22:23

looking to take a position if reads 'right'

[123trev] 26/3/2024 22:19

All eyes on tomorrow I guess nice rise today but sold into again the worry is why the offloading at such a low price! Is it a tax measure again who knows!

[tsmith2] 26/3/2024 11:16

decent volume coming through. on sidelines for now

[123trev] 26/3/2024 08:34

Steady rise today already!

[oakville] 26/3/2024 05:12

Redwood co owners (brothers) are worth $12 Billion between them. Spent an hour going through their portfolio and wouldn't be surprised if they make a bid for Vanquis before the end of summer.

[123trev] 25/3/2024 16:52

So Redwood accumulated some more! Lots of talk about the rise today being down to Martin Lewis comments but unlikely given CBG fell sharply and Vanquis is not involved and Lewis always stated it was DIC payments only is a potential takeover now becoming obvious!

[123trev] 25/3/2024 11:02

Redwood accumulating a large position though! Obviously something is afoot bought in at just under 46p last week at the price seemed like a good punt with MC against assets.

[jubberjim] 25/3/2024 10:18

Be careful

My read of latest Rns is that Goldman Sachs dumped a big lump ?

Any thoughts

[123trev] 24/3/2024 19:57

Don’t Redwood own a bank!!!!!!

[pugugly] 21/3/2024 14:27

Redwood seemto be holding up the price - increased to 16.9% on 19th March = Are they still buying? Price still falling slightly at 2:28pm