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VANQ Vanquis Banking Group Plc

63.50
-0.30 (-0.47%)
20 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vanquis Banking Group Plc LSE:VANQ London Ordinary Share GB00B1Z4ST84 ORD 20 8/11P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.30 -0.47% 63.50 1,607,099 16:35:07
Bid Price Offer Price High Price Low Price Open Price
63.30 64.00 65.70 62.90 63.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Personal Credit Institutions 487M -6M -0.0239 -26.69 160.14M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:07 UT 122,219 63.50 GBX

Vanquis Banking (VANQ) Latest News

Vanquis Banking (VANQ) Discussions and Chat

Vanquis Banking Forums and Chat

Date Time Title Posts
20/5/202416:50Vanquis Banking (ex Provident Financial)330

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Vanquis Banking (VANQ) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:35:0763.50122,21977,609.07UT
15:29:2763.702,0771,323.05O
15:29:2763.702,0771,323.05O
15:29:2364.00329210.56O
15:28:1563.801,9581,249.20AT

Vanquis Banking (VANQ) Top Chat Posts

Top Posts
Posted at 20/5/2024 09:20 by Vanquis Banking Daily Update
Vanquis Banking Group Plc is listed in the Personal Credit Institutions sector of the London Stock Exchange with ticker VANQ. The last closing price for Vanquis Banking was 63.80p.
Vanquis Banking currently has 251,000,000 shares in issue. The market capitalisation of Vanquis Banking is £160,138,000.
Vanquis Banking has a price to earnings ratio (PE ratio) of -26.69.
This morning VANQ shares opened at 63p
Posted at 20/5/2024 12:45 by smithie6
..I know the feeling .
...difficult mentally to go back in to a share (such as at ZOO recently for me, took 70% profit in short time at 62p. :-) )...but sometimes I have done it..

.I guess that mentally people are keen to hold on to that profit and think it is safer put in to a different share...but often shares that are rising do that because there are fundamentals creating buyers and the share price keeps going up.....just look at ACSO, RM., ....VANQ ;-)
Posted at 20/5/2024 07:51 by smithie6
jubberjim
...you seem to have posted a number of negative posts on this VANQ thread

who knows, perhaps you are linked to Redwood who are busy buying lots of Vanquis shares & would be keen to hold back the share price; or you might be an honest PI, we dont know.
Posted at 20/5/2024 07:27 by smithie6
..following up my suggestion of a compulsory share buy in & cancellation, to further increase the NTAV/share & reduce the discount to NTAV/share

it is interesting to note that a big company is doing that

at a premium of 25% to the market share price before the announcement !!

if that happened at Vanquis it would be at a share price of 64p+25%

= 80p !

(C'mon on Vanquis dirs, 'make my day/week' !
Vanquis. NTAV 170p/share. share price only 63p/share !!)
=====

Puretech
lse:PRTC

RNS today

"Launch of Proposed $100 million Tender Offer at 250 pence per Ordinary Share"

"The Tender Price represents a premium of 25 percent to PureTech's trailing volume weighted average price per Ordinary Share over the three days prior to 19 March 2024, the date of the Company's initial announcement of the Tender Offer proposals ..."
Posted at 19/5/2024 08:15 by smithie6
....a deramp perhaps....to help pick up more shares at a lower price

-----

jubberjim
does that article give an estimate on the possible impact on the NTAV/share ?
a reduction perhaps from 170p/share to 160p/share ??
if so then who cares, when the share price is just 64p & it rose ~14p last week !......(a long way to go up to get anywhere near the NTAV/share; even if it went to only 2/3rd of the NTAV, that is ~120p/share !!, almost double the current price)

----

if the company were to decide to reduce lending and let the cash pile up....it could pay out a 30p special divi & hardly even blick , NTAV reducing from ~170p to ~140p !!
or do a mandatory share buy in & cancellation, equal to 30p/share
that would be almost half of the shares !!
...& would almost double the NTAV !! ..to perhaps ~250-300p/share ! (not 2 x 170p since clearly the buy back would cost X amount)

-----
if shareholders want me to sit on the board as a shareholders' rep. to see this idea through
....just let me know ! ;-)
Posted at 13/5/2024 11:26 by davius
Vanquis Banking Group PLC, up 5.2% at 54.80 pence, 12-month range 46.20p-230.00p. The Bradford, England-based lender, formerly called Provident Financial PLC, is due to issue a trading update on Thursday this week. Deutsche Bank Research last week started coverage of Vanquis with a 'buy' recommendation and price target of 88p.
Posted at 09/5/2024 11:30 by sbb1x
From jim on twitterDeutsche Bank starts Vanquis Banking with 'buy' - price target 88 pence #VANQ
Posted at 23/4/2024 13:40 by 123trev
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.
Posted at 15/3/2024 18:37 by jubberjim
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
Posted at 13/3/2024 08:42 by jubberjim
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
Posted at 19/8/2023 22:04 by popit
Interesting to compare the forecasts for Vanquis and IPF on Market Screener

They both look very undervalued

hxxps://www.marketscreener.com/quote/stock/INTERNATIONAL-PERSONAL-FI-4007183/finances/

It shows forecast eps for IPF of 18p in 2023, 21p in 2024, 28p in 2025
And forecast dividend of 10p, 11p, and 12p in 2025

The forecast eps for Vanquis is 42p in 2025
And the forecast dividend for Vanquis is 18p in 2025

hxxps://www.marketscreener.com/quote/stock/VANQUIS-BANKING-GROUP-PLC-9590111/finances/

So with the Vanquis share price now lower than IPF, Vanquis seems to offer a far better investment with a forecast PE of 2.5 in 2025, and a forecast dividend of nearly 17% in 2025

The forecast PE for IPF is over 4 in 2025, and a forecast dividend of 10% in 2025

So they both look like that they may be good investments, but Vanquis looks much better value than IPF now
Vanquis Banking share price data is direct from the London Stock Exchange

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