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VANQ Vanquis Banking Group Plc

55.00
1.60 (3.00%)
26 Jul 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
  1.60 3.00% 55.00 1,144,259 16:35:04
Bid Price Offer Price High Price Low Price Open Price
55.00 55.20 55.70 53.50 53.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Personal Credit Institutions 487M -6M -0.0234 -23.59 136.96M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:04 UT 42,409 55.00 GBX

Vanquis Banking (VANQ) Latest News

Vanquis Banking (VANQ) Discussions and Chat

Vanquis Banking Forums and Chat

Date Time Title Posts
26/7/202414:00Vanquis Banking (ex Provident Financial)467

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Vanquis Banking (VANQ) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:35:0455.0042,40923,324.95UT
2024-07-26 15:28:0155.201,464808.13AT
2024-07-26 15:27:0355.004323.65O
2024-07-26 15:26:4955.2012,0656,660.33O
2024-07-26 15:26:0154.9420,33811,173.23O

Vanquis Banking (VANQ) Top Chat Posts

Top Posts
Posted at 26/7/2024 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 53.40p.
Vanquis Banking currently has 256,482,888 shares in issue. The market capitalisation of Vanquis Banking is £141,578,554.
Vanquis Banking has a price to earnings ratio (PE ratio) of -23.59.
This morning VANQ shares opened at 53.50p
Posted at 16/7/2024 08:42 by joe say
Thanks Peterr3 - hadn't appreciated the short tenure having joined this ship post the spring share price collapse

Nonetheless these issues are largely 'controlled' further down the chain so hopefully he's addressed that, and truly satisfied himself with the integrity of the balance sheet
Posted at 16/7/2024 07:29 by peterrr3
Not good at all. I was expecting a further write down of the credit cards but not the vehicle finance. Should have taken the hit last year then the share price wouldn't get trashed again like it will now.
Posted at 27/5/2024 23:36 by smithie6
"Do you not think that the incoming government will not be looking closely at the past and present behaviour of the associated finance firms and intervening."

the personal loans division (small part of VANQ) it made a loss in 2023 & I think in 2022.

So, if you are saying that a labour Govt would complain about VANQ losing money from that, clearly that would be completely illogical.

Perhaps you should have first looked at the results before posting.

--------

And of course borrowers will look around at the cost of borrowing from different lenders and then probably take the cheapest loan they can get as long as the conditions are ok.
If a labour Govt wanted to assist the people borrowing from VANQ then the Govt could just give them the loans themselves, at 0%, or as a free gift.
But of course that won't happen since the Govt will be skint & apparently already needs to raise £30-38bn from new taxes to pay for its plans.

Govts need banks. The economy needs banks. House builders need banks/loans.
Don't expect UK Govts to go against banks !!
Posted at 21/5/2024 11:41 by 123trev
You need to think more in the present jubber the government already along with the previous board destroyed the share price here things are different now. The government promoted a compensation culture but as they are now aware going to far has unintended consequences and you actually need banks like Vanquis as a safety net and new blood is now in the game add to that your thinking has cost you a substantial gain already.
Posted at 21/5/2024 09:57 by smithie6
XP power reported today that it had received a takeover offer. up a lot. (+40-60% ?)
And another company received a takeover offer yesterday & was up ~60%.

Value & discounts to real value, the share price catches up in the end, & will do at VANQ imo.
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 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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