Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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I am amazed it’s not far off 2 years since the previous post.
This company keeps delivering, growing, has a business model that can perform even in very difficult times, pays a steadily increasing always well covered dividend and has easy to understand accounts. What is there not to like ?
Agree, it's a very boring share in a well managed company that seems to continue to perform. I like boring, I like the dividends, a bit more growth would be nice, but I can live with that. No need for excitement thanks....
Yes sleepy board this one....Brewin Dolphin get acquired and not a peep here. I know slightly different financial vertical but not a million miles away.
Anyway I'll carry on buying as opportunities occur collect that dividend and check in again in 2024!!!
We don't like to get too excited, you want major ups and downs, mergers and demergers then this isn't the share for you, definitely got off at the wrong stop. This is the pretty consistent route, little bit of general growth, reliable dividends, and take a nap at 15:00 bus. Were definitely not going under any low bridges, I don't intend to take a haircut..... Is it nap time yet?
Nothing wrong with boring....just ask my wife she would understand that being married to me!!!
I have enough excitement in the rest of my portfolio....5% div and regular buses just the ticket....get the joke...buses..ticket.
As I said nothing wrong with boring...check back in 2024..
What happens in 2024 W.H.L.?
Grapeboy posted 28/9/21 "I am amazed it’s not far off 2 years since the previous post".
That changed 600 posts last two years.
I decided to buy 25/10/21 at 1450p down 20% this morning to 326p another weed , not all to be found on AIM.
They have just carried on falling since the buy.
Bought 320p limit went strait through .
Was giving up shares for lent , has not started well sold a USA share last night used funds to double up here .
Just set a limit for buying 1500 at 290p - you never know. My luck if it triggers it's not the bottom i.e. still too high.
Just pulled at 311/12 - has to be worth a few shares - 250p I am all in.
Is not it great that the FCA can make rules that can be enforced retroactively by the companies concerned? It is like giving you a fine because you smoked some cigarette in a club 20 years ago.
Big boys up so far .
Might have posters on payroll here.
Open Short Positions in Close Bros
Fund.......................................... % Short Change Date Changed
Millennium Capital (Difc) Limited 0.56% 0.00%... 13 Feb 2024
Marshall Wace Llp...................... 0.62% 0.08%.. 12 Feb 2024
Total 1.18%
The whole thing is BS. The contracts were signed and consented by the end users.
This is just the FCA flexing to show worth, however legally they have no real ground.
All the cases have already been through out and just the FCA trying to justify their existence.
Did the courts not rule over cases in favour of the customer which opened the floodgates????
Bought same again 300p better to wait for bottom and buy on way up ?
Places to go hindsight at close well tell .
The cases already brought up were thrown out by the courts.
This is just the FCA re-opening the investigation as a new review.
The whole thing is complete BS, the end users signed contracts and knew what they were getting into.
Interesting that all other lenders have shrugged this off.
Is this just an opportunity to buy very cheap shares? Almost planned?
From the FT Analysts at Royal Bank of Canada estimate that Close Brothers will be hit with a £200mn redress bill.
Agree with that Sir-Short, wondering what is going on somewhere, maybe even with the lewis overhead do you think someone is looking to buy them out on the cheap?
That guess 200 million fine is reference not really come as they only pay back different interest at that time they charge for customers. Wholeast year they only income 112 million if they must pay 200 millions so it will be disapper on market .
Nobody sure what will happen yes as that why share down 70% maybe it good to buy now and hold it next year .
I thought I saw on a lewis site that he was not yapping billions anymore, and that overall the figure was 2 to 230 million - for ALL banks etc concerned. Might have seen it wrong, late at night and whiskey etc.
FangKat......."I thought I saw on a lewis site that he was not yapping billions anymore, and that overall the figure was 2 to 230 million - for ALL banks etc concerned. Might have seen it wrong, late at night and whiskey etc."
That is right, Martin Lewis had an update on the moneysavingexpert.com on Tuesday which read:
""Martin: "Last Tuesday, we launched our brand new Car finance hidden commission reclaiming guide & tool and... wow! In just seven days you've sent over 530,000 complaint emails via it. The regulator, the Financial Conduct Authority (FCA), estimates 40% of finance agreements had these dodgy commission arrangements (you won't know if you did as it was hidden) and the average payout per arrangement may be £1,100. So that potentially equates to up to £234 million coming back to people."
It seems he is scaling back from his initial claim that it could be as big as PPI? But that figure of £234 million he has said above is relating to a number of 530,000 complaints so far received. It would be difficult to estimate what the total number of complaints will eventually be, but to put some perspective on it, if 5,000,000 complaints are eventually received it would cost the sector (all banks concerned) £2.207 billion. If 10,000,000 complaints are eventually received, it would cost the sector £4.4 billion. But this is still a lot less than PPI scale he was shouting about initially? Go to the link below and click on the "UPDATE: car finance reclaim complaints" tab on the left hand side of the page.
https://www.moneysavingexpert.com/latesttip/?#carfinance
Not been this share price since 1995. I think anyone with a few synapses will appreciate, this will reverse north in a relatively short space of time. Fine will be paid and the NAV will still be above £7 per share .....MINIMUM !!!!!
Golden opportunity. 📈😊😉
Https://www.proactiveinvestors.co.uk/companies/news/1041064/will-lloyds-bank-make-a-car-loan-provision-after-close-bros-shock-1041064.html
Close Bros only on the hook for a max of 230mil, Lloyds 1billy. Fill ya boots
The low was 278p at 11am 15mins after my last buy it closed 308p which was a little above the second buy of 300p .
You had until 1.30pm ... 90 mins to buy under 300p