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Hello Mary, using this thread to say hello to you. Apologies to other board members.
I have been looking for a new approach to trading and recently came across your posts. I plan to use some of your suggestions as regards buying and selling percentages. I’m also watching Your suggested Stocks. Last week I bought a small holding in SFOR. It is already showing an 18% increase which is The second highest percentage increase in my portfolio of 25 stocks! I will watch and try to sell 60% at the 20%-ish, Mark. Tomorrow I am selling another holding and hoping to buy some PFC shares. I am resisting raiding my bank account et cetera for any more trading funds and hoping to adjust my current portfolio.
Thank you for your very helpful posts.
ATB NTTL
Everyone, auto correct at its best 👌
Re the 100k quantity, not every single can be the same with a 5000 quantity or 10000 etc. It depends on the funds you have free to invest. A sizeable holding is relative.
I see on LSE talking about 250k bets or more, that is great if they can, but like me most do not have that much to risk in one company.
Rizzel,
Happy Easter 🐰
Simple example.
Suppose you buy quantity X thousand shares in a company and then sell 60% or more on a rise you are left with 40% shares at a reduced average cost.
Say 10000 shares in VANQ at 50p, = £5037 (incl stamp, buying and sell commission @ £6).
Share price rises to 60p.
Sell 60% you have 4k shares left averaging 35.9p
Sell 70% you have 3k shares left averaging 27.9p
Sell 80% you have 2k shares left averaging 11.9p
You can vary the selling %, a lot depends on the move or the news.
If you have patience & more funds you can build up a useful position at a cost below the range.
If you say are stuck with 2000 VANQ shares at £1.30 (price before the recent fall) you have paid ( incl stamp comm) an average price about 131p.
Never realise the paper loss, use a side pot to add low average share, eventually you may turn you position around and back to profit with no loss.
Not a recommendation nor for everyone, tax free in an ISA.
You could hit lucky with a bid or the company itself may turn around. I have found working average down on a position gone wrong a very useful strategy.
HTH
Mx
Hello Mary, I am a long time holder suffering big paper loss atm. I am reading everything here and elsewhere regarding this company. you posted this yesterday
"Personal target for me is to get a sub zero holding of around 100k averaging 30p or less and hold forever."
can I ask how do you get an average price of 30p or less when the share price was never that low?
Opti
All was well presented and answered yesterday, the Vompound and I even managed to have our 8 questions answered directly 😀 . I liked what I heard and even added another 25% (30k shares additional shares to my holding today. My risk.
Summarise my thoughts
a)The 3rd party claims issue
# Mainly one CMC involved and a legal letter now sent
# staff time and fees per spurious claim
# will persist into 2024
Resolution
# low number of valid claims
# discussion with FSA .. they are determined shortly on the fees and may change the structure change where companies such as Vanquis pay lower tiered referral fees (big boys pay more) rather than one fixed fee
or proposal for the claimant company to pay the referral fee upfront.
b) Product pricing and new products
#Past product pricing, a loss leader to gain volume included an example of an eye-watering -68% return
When Ian McL started management took corrective action and starting to bear fruit in the H2.
# clearly stated yesterday that pricing has been resolved and going forward pricing has been set for contributions to yield a positive ROI
# New products are ready to be launched including ISAs and 90 day /120 day products.. to be rolled out next week.
c) banking with a heart and 'not yet' rather than a no
Great for those needing credit which other banks ignore or debunk. Some of the videos showing were gut wrenching but genuine. Not everyone is fortunate and a simple help with £300/400 product to build a payments history will give many the helping hand needed.
# credit cards are screened and 80% applicants are turned down, but Vanq can offer alternatives from their products.
d) Customer mix, less risk
# the new products will bring in more retail savers. I have been with Vanq for over 5 years as a savings customer. Only had one issue, while not pleasant at the time, was resolved and compensated.
Management
# the old management team have gone, no one believed them.
The new team are tackling the issues head on, proactively and have a clear plan. Seems to be the sensible NI input Ian and Jill(ian) plus a few Southern Irish. All with great experience. They even stopped staff bonuses. Ex Bank of Ireland CEO now in charge.
e) snoop
A fabulous apop with great potential... 👍. Allows flexibility to roll changes same day making business more nimble.
Any I choose to believe what was presented yesterday and the path we are now on is the right one. A few bumps to come of course.
Personal target for me is to get a sub zero holding of around 100k averaging 30p or less and hold forever. At current prices my 1p dividend can buy me another 2800 shares.
Not a recommendation, just a view. Adding and trimming.
Happy Easter
Mx
GLA.
Patience my dear friend… this stock is a wee bit out of fashion but like all things what comes around goes around., only a good dose of balance sheet profit will take this ugly duckling on the wana buy list again.. just be patient market sentiment outweighs fundamentals.
Looking for the wisdom of the forum. Some things I don't understand here. The price earnings ratio (p/e) is currently about 2. Typically you'd expect 8 to maybe 14 ish. The assets are about four times the totality of the share value, the company is expected to make a profit if not this year then next, they are re-pricing the interest rates on certain products UP not down as I wrongly surmised, but the price doesn't really move much. The complaints thing is a storm in a tea cup. (I know it's going to cost a few quid but they say they don't have a significant problem to worry about other than the cost of cases going to the ombudsman) What am I missing?