Member Info for BaysilHope

Well I tried to open a CFD, little top up today when it bottomed, IG would not let me, OK it's not massive, I have enough, thought sub 49 cheap good value. Anyone else have the same. They would only off a close? GLA Still the same now.

Still it is growth +£1.29bn +4.9%. Don't know how the market will take it? Will come good later in the year. GLA

If we look qtrly at sales for booth companies 2023

RTO £m Rollins $US Total Company

US only

Q1 £745m $658m

Q2 £901m $821m

Q3 £870m $840m

Q4 £798m (-£72m or $754m (-$86m on Q3

$90m US

FY £5375m Up +50% $3073m +13%

Mkt Cap $US14.3BN Mkt Cap US$23bn +50% of RTO

RTO marked down £4.3bn Mkt cap, when Q4 sales total for RTO were £1,322m v Q3 £1,382 down -4.4% compared to -10.3$ for Rollins - the rop $840m to $754m -$86m Qtr on Qtr. Something going on here, I know Rollins ROCE is far higher but they are a global minnow, RTO have 10% pa +£bn golbal sales worldwide footprint which takes years to achieve. Are we getting set up for a cheap TO!!! GLA Watch Tmz we come i

I just wonder whether RTO should just move to the US Stock Market, as this mark down is boxxxxxks.

Are we getting set up for a cheap PE deal?! Watch tmz

BarnyB, it looks like the market is extremely sceptical about RTO 2024 prospects, especially with the constant SP mark downs. What I fail to understand is the FT forecast or consensus sales to RTO 2024 is £5.51bn, a 2.5% uplift from 2023 £5.375bn. The sales target for Q1 would be £1,378bn compared to Q1 2023 £1.26bn. Europe/Asia/Pacific are all at +10% growth, as you say US market will receive far more attention and hopefully attract +2% organic sales Q1. The shares have been marked down 30%, which seems very harsh.

IMO I think the market forgets the potential of this powerhouse of a business. The potential for margin improvement is extremely material in EPS terms. Rollins recently stated US trading was going well in April. I would be very surprised and disappointed if RTO failed to hit £1.36-1.37bn TO Q1 - a +7% increase on a low Q1 2023. What do I know?! GLA We'll soon find out.

They are profitable as they have NOT PROVED any impairments for the FCA claims'The group said its board has concluded that it is currently not required or appropriate to give a provision in the group’s half-year results regarding the probe. “While there is no certainty regarding any potential financial impact as a result of the FCA’s review, the Board recognises the need to plan for a range of possible outcomes,” it explained.

“The board considers it prudent for the group to further build capital strength, while supporting its customers and business franchise.”

As a result, Close Brothers will not pay any dividends on its ordinary shares for the current financial year.

Benjamin Toms, an analyst at RBC, said in a note: “The group sees significant uncertainty around the FCA’s review of discretionary commissions in motor finance. Therefore, the timing, scope and quantum of any potential financial impact on the group cannot be reliably estimated at present.”

yet they stop the divi and raise £400m, is this a BOD of marching frogs or What and they love the shares FFS. Clazy non prudence.

Since 19th March and Vanq down 18%, seems strange except size - small cap easy to bully.

Will it hit 43p?? I've kept what I have and am still waiting the next move, 50p was obvious head fake, where is the bottom? There will come a point soon to bite the bullet and in on a larger scale. CPI distraction tmz, 15th AGM there is room for questions, see if Mary crops up and a a few others on here. Would be nice to get divi done and update on rouge CMC tweeaat. GLA

Not many Chairpersons visit offices - ‘Since joining the Board in April 2023 and taking over as Chair in September, I have visited all of our offices several times, meeting colleagues and seeing first hand their commitment to customers. It has also been a real pleasure to work with Ian McLaughlin. His impact from day one has been nothing short of inspirational. He has strengthened the executive team, with the appointments of Dave Watts as CFO, Jill Armstrong as Chief Customer Officer (CCO) and Jem Walters as Chief Technology Officer (CTO), overseen the successful acquisition and integration of Snoop to the Group, led by John Natalizia, and embarked at pace on a plan to reset, redefine and reinvigorate our business with the passion of someone with a career-long commitment to retail banking.’

Following a 30 year career in finance and banking, Sir Peter now holds several non executive and charitable appointments in banking, digital innovation and skills. These include chair of Vanquis Banking Group plc, non-executive director, Rothschild & Co & NM Rothschild Ltd, non-executive director of the Institute of Apprenticeships; chair of FutureDotNow – a coalition of nearly 200 UK businesses promoting digital skills, and chair of the Association of Apprentices – the national association for apprentices, led by apprentices. In addition Peter is Vice President of Bridewell Royal Hospital, an ancient foundation supporting children in need of a boarding education, and a Patron of Onside Youth Zones. Peter was knighted in the 2020 New Years Honours for services to International Business, Skills and Inclusion, having served the office of Lord Mayor of the City of London in 2018/19, Sheriff of the City of London in 2016/17 and served as an Alderman since December 2013 for the Ward of Coleman St.

What a top person - gives Vanq massive credibility, we are lucky to have him. An ESG man throughout..

As buys a unit- all making their commitment in one RNS, powerful reaffirmation of a new philosophy- this is a Team run company. I deep down hoped so, (not isolated buys) - but on block - one unit. I think IMO DYOR, they have deliberately understated 2024 for 2 reasons, 1. CMC issue was another knock back when least required- timing Pre FY 2023. 2 Past management failures, not to be repeated. Very happy.

Bodes well for the future, I'm happy, the TEAM bought in. GLA

New territory for me, stayed away today. There are no liquidity issues, 2023 profits unchanged, no FCA probes, bogus claims CMC could be sorted this moth. Yes growth is a way off but most of that is in the SP. Well, as they say blood on the streets is the time to buy, I'm getting ready for a further drop before upgrading my position as patiently as I can. This is not a basket case IMO, unloved yes, but with tailwinds to come in interest rate reductions (certainly BOE cut will be before Fed) soon. GLA watching and waiting.

HBR must be well happy with Brent so far into negotiations with $2.5bn coming from WDEA own cashflow. Fingers crossed. Nice divi next week to boot. GLA

Rizzel, thanks for your time to reply appreciated. Yes, I agree, I've averaged down impatiently and my price is well above the current SP. I think this will come good, given time. THE US 10Yr is causing issues short term, however - hopefully let the overhang clear and steady rises should return, especially when more news appears on stopping bogus claims and Directors purchases. Good Luck all. Today's price is starting to look ridiculous - Mkt Cap sub £130m - sitting duck. I am seriously thinking of dumping one very good stock to build more here, entry price hard to gauge.

According to the RNS 27th Mar - The Board proposes a final dividend of 1.0p per share for 2023, subject to final regulatory approvals. In 2022, the share went EX div 20th Apr 23 I think - paid June 23. The website Divimax gives a guide of 18th Apr - a guide only I know but a good site.

Obviously, if we are stuck at this SP for a while - as the shorter overhang (& GS) clears, it is useful to have something coming in, too late for an Easter Egg though. Can anyone shed any light- it's not that I'm desperate?!! Just depressed. GLA Guess we have a bit of a wait on our hands.

Any help, thanks and appreciated.

Muck165 posted this yesterday and in the excitement was overlooked, I think - Good Posts Muck, ahead of the game!!

Quote “Professional representatives play an important role in resolving financial disputes. However, twenty percent of cases are brought by representatives, some of whom benefit commercially at scale, yet more than half of such cases are not upheld. It is therefore timely that we explore whether our fee structure is right for the current climate and best reflects the costs we incur in helping resolve disputes for customers. “We welcome all views from industry and consumer groups on our proposals on whether and how a charging regime might work in practice.” We are inviting views on whether and how a charging regime might be implemented, including on the level of any fee itself; the impact on complaint volumes, the potential impact on different groups of complainants, and the lead time required for businesses and professional representatives to be ready.

As this consultation is seeking early feedback to inform next steps, no assumptions on the potential impact of charging professional representatives, or the possible revenue derived from such a scheme, have been included in the proposed plans and budget for 2024/25. The consultation is open until 30 January 2024.

1. The Financial Ombudsman Service will publish its final plans and budget for 2024/25 in April 2024 after it has been approved by the Financial Conduct Authority.

Expect news next month and a more positive outcome in the Q1 trading update 18th May - I think, could well result in a revised upward forecast for 2024 (Claims budget costs reduced). .

Pooks, they have budgeted £40m for exceptional CMC costs in 2024 , no longer needed, especially for 1 - 65% seriel CMC claims Co, that's what I mean. Hence the £30m saving (budget not required), did not mean legal redress for £30m cash counter claim against crooks.

You can see 2024 getting back to neat the original analysts (Not Co) forecast +£60m, Fwd PE 3. Corp Tax relief for Capex IT.

If I were a PE firm looking to set up a cheap bank - what a gift, this will not be overlooked for too long, now the Contingent Liabilities have vanquised, despite spurious Social Media sites. Limited downside IMO DYOR.

They are setting out clearly - the blueprint on how to run a growing dynamic business. I've worked for many firms and know the difference, this will be a very strong business and have a great team. Getting to grips with the basics with deep understanding, experience, commercial acumen with excellent motivation management. I'm In more today. GLA

CI, totally agree, will hear a lot on this in the afternoon, IMO DYOR, huge potential for the RIGHT lender, FCA point - spot on and will help in countering CMC claim, shut it down INSTITUTIONAL SUPPORT. Looking forward to this afternoon. Suffice to say, I'm getting a little excited about this and a very cautious 2024 could well be understated. Also like the answer of retail deposits - not being phased, plenty of liquidity, the very thing the shorts tried to bust out of all proportion with Fitch CCR. GLa.

Starting to firm up now after the results sell off, missed £4.61, was fully loaded elsewhere. Hopefully a rise now to Q1 24 18th April, won't be long excluding Easter. GLA