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VANQ Vanquis Banking Group Plc

39.30
0.00 (0.00%)
Last Updated: 08:15:56
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
  0.00 0.00% 39.30 4 08:15:56
Bid Price Offer Price High Price Low Price Open Price
39.00 39.65
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Personal Credit Institutions 487M -6M -0.0234 -16.79 100.8M
Last Trade Time Trade Type Trade Size Trade Price Currency
08:10:00 O 2 38.95 GBX

Vanquis Banking (VANQ) Latest News

Vanquis Banking (VANQ) Discussions and Chat

Vanquis Banking Forums and Chat

Date Time Title Posts
20/11/202420:21Vanquis Banking (ex Provident Financial)640

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Vanquis Banking (VANQ) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
08:10:0038.9520.78O
08:10:0038.9520.78O
2024-11-20 16:37:5540.58125,86251,076.37O
2024-11-20 16:37:4540.58274,138111,248.63O
2024-11-20 16:37:4540.58400,000162,325.00O

Vanquis Banking (VANQ) Top Chat Posts

Top Posts
Posted at 21/11/2024 08:20 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 39.30p.
Vanquis Banking currently has 256,482,888 shares in issue. The market capitalisation of Vanquis Banking is £100,797,775.
Vanquis Banking has a price to earnings ratio (PE ratio) of -16.79.
This morning VANQ shares opened at -
Posted at 19/11/2024 12:42 by blackhorse23
VANQ looks very cheap , high cash liquidity 703 million, 2 billions note approved, claim cost already set aside 100m which give group another cash regulatory liquidity around 600m , then 60m cash savings by 2024, Rachel reeves supporting UK financial companies... all good in here
Posted at 19/11/2024 12:37 by simon gordon
Rockwood - 19/11/24:

Vanquis Banking Group Plc

This highly regulated bank (FCA and PRA) is also another 'fallen angel' having emerged from the collapse of Provident Financial Plc. With material deposits (covered by the FCSS), the business is primarily focused on a below-prime credit card and vehicle financing with over 1.7m customers. An evolving Board and highly experienced new management is focused on its purpose of helping the nearly 20 million consumers who are financially stretched access credit and achieve mid-teens return on net tangible assets. Their potential financial returns are high relative to mainstream banks as managing high risk credit comes with higher returns, however currently they are being negatively impacted by a deluge of complaints - the vast majority of which are from financially motivated Claims Management Companies. This has caused considerable cost to administer and distraction to the business despite a very low uphold rate; the company is engaged with the regulators to create a fairer playing ground and suing the worst offending claims company. Well capitalised and undergoing a technology improvement plan, our full thesis for recovery indicates returns well in excess of our target rate. On current market expectations, the shares are valued on a Price to Book ratio of 0.3x to their Financial year 2025.
Posted at 18/11/2024 13:31 by diku
CURYman...plenty liquidity???...why share price not going up...
Posted at 15/11/2024 18:56 by diku
CURYman...VANQ makes money from you either way...you buy shares it goes down...VANQ shares don't care you are in or out...



Blackhorse23 8 Nov '24 - 09:07 - 570 of 613
0 0 0
I have Vanquis card as well, during balance transfer they have made 280 pounds from me , it’s nice easy money for them
Posted at 07/11/2024 18:55 by diku
CURYman...more big block buy keep coming and share price finished down...market is sucking money in...
Posted at 05/11/2024 21:55 by blackhorse23
Not the same story! It's overreaction in here! Vanq mostly credit card business . However there is small amount car finance, which suggests compensation 30m maximum, group already set aside money . Sorted
Posted at 31/10/2024 10:50 by blackhorse23
VANQ has better portfolio than Argos credit cards, and VANQ mcap 115m now vs Argos credit card sold for 720m
Posted at 20/5/2024 06:51 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 06:27 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 07:15 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 ! ;-)
Vanquis Banking share price data is direct from the London Stock Exchange

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