Vanquis Banking Share Discussion Threads

[karv1] 04/5/2024 08:54

Trev this is definitely one to watch. This is a real big risk v reward stock.
Depending on the share price in the mean time. Let's see what happens on next update. it could be a good buying opportunity or a missed the boat day.

[lawson27] 03/5/2024 15:34

Bot's all over it, lets see it through 50, GLA

[123trev] 01/5/2024 17:40

Karv that supposedly is a non repeatable release based on an accounting issue but there is no doubt like I said before this has been a basket case and your betting on the new guy. Basically I think they slung all the bad news in the results but this is Vanquis lol. However they have a good cash position if they can reduce costs duplication impairments etc then they have a good chance. I was a little more convinced with the Redwood stake either their making a play for the bank or see a big discount and with that holding they may be helping the board to aid their investment.

[karv1] 01/5/2024 15:59

They might have a lot of cash but with limited research if i have read correctly they only made 10m after tax profits with 75m one of release and 60m cost savings if you half the 60m cost saving and say around 30m and the 75m release don't that mean they really lose 95m? for 2h? and 125m for year?
Please correct me if i have mis understood the numbers.
If they can turn this around it could shoot up on the other hand that surplus will not survive long with huge losses if more losses are found.

[diku] 01/5/2024 13:27

Even BOD buying around 56p...

[klotzak] 01/5/2024 12:28

What is up with this share, if the NAV is over 100p then someone has a real downer on this.

[123trev] 25/4/2024 15:23

Think we should have picked Barclays always a plus when you make money I suppose.

[123trev] 25/4/2024 14:29

Good I thought I was going mad lol.

[lawson27] 25/4/2024 12:22

Joined you for a few @47, hope my timings right, Director in @54s, surely oversold at this level, GLA

[123trev] 24/4/2024 11:38

283 million total capital according to last results with a nav of £1.70 a share so substantially above where we are.

[sbb1x] 23/4/2024 21:29

What is there cash position ?Thanks in advance

[123trev] 23/4/2024 13:40

Considering what’s happened here already and the huge losses perhaps this should be wound up because the share price would be so much more.

[123trev] 23/4/2024 13:36

You really have to ask what’s going on here when the cash position is far greater than the MC by some margin and if you ran the remaining book down your looking at a massive and substantial discount of around well you do the maths?

[123trev] 18/4/2024 14:44

Is that the seller finally cleared! Can this move forward! Do aliens exist! How long is a piece of string!

[123trev] 18/4/2024 14:19

Well that was what looks like a big sell of a million shares!

[diku] 16/4/2024 20:22

One consolation BOD have been buying recently around 56p...

[123trev] 16/4/2024 07:36

Could be a buying opportunity today with those futures pointing way lower for a while now this seems to be in a certain range remember for every seller there is a buyer!

[davius] 15/4/2024 18:51

That's what, a 6% fall from the daily high to the close? Still out but thinking about a punt.

[technowiz] 15/4/2024 14:01

rose above 20DMA. keep going.. 200DMA at 116p

[diku] 15/4/2024 13:10

56p retest?...

[klotzak] 15/4/2024 12:37

Looking good here, maybe time to buy in!

[123trev] 15/4/2024 09:44

Very quiet here considering obviously this has been a basket case for years but at this MC got to be worth the gamble especially with Redwood taking such a keen position.

[123trev] 14/4/2024 08:57

Moneybarn is not subject to the fsa review because it did not engage in dic arrangements however they are duty bound to investigate complaints even though they are unfounded and coming from third party participants and that’s expensive. Vanquis is currently taking legal measures and in talks with the fsa to mitigate the ridiculous claims. In my view these third parties should be held responsible for the cost when they no the situation.

[jubberjim] 13/4/2024 07:26

Re assertations have been made that Vanquis will be unaffected by the ongoing investigation into the current car finance situation but just looking back at the last statement from the company results it states quite clearly that that part of the business has some problems as regards the same.

To my mind there is still cause for concern and it can t be ignored


FCA comments yesterday have put in a hitch in proceedings

Keep a weather eye out and proceed very carefully over the next few weeks.

Don t believe the hype.

Good luck

[diku] 10/4/2024 08:26

Smaller bank lagging behind...