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The SC did a fantastic job of keeping a lid on the outcome. It caught out shorters, Treasury (otherwise RR would not have made her threat via the media) and institutional investors. Following last Friday’s announcement, holders were hopeful of a 50% rise. Those waiting in the wings (non-risk takers) were suddenly confident of buying into a long term safe bet.

Instead the FCA published their intentions. What effect did this have?

It dampened the initial rise from 50% to 25% (possibly)

It gave shorters hope that the sp could decline in the future.

It meant that nervous investors would wait until October for the next update before risking their money.

When you pick apart the FCA statement it is comical:

Of course most records won’t go back to 2007.

The original figure of 44bn was ludicrous just as 9-18bn is ridiculous.

Summary - SC verdict is the only professional document worth consideration. It points to a massive increase in the sp for CBG. All we’re doing now is enjoying the price steadily rise rather than instantly.

Those waiting in the wings need to hop aboard and enjoy the ride to £6 and onwards.

Instead it’s the time to buy. Just bought at 471. The overall outlook for CBG following both the SC and FCA announcements is very positive with respect to the uncertainty on Friday. In the following days/weeks I expect the sp to increase unexpectedly by 10% or so in a day. This will be shorts closing. CBG are not on their own when challenging the FCA , they also have Lloyds and other banks fighting their corner.

Lloyds have issued an RNS this morning, which can be summarised with:

“ After initial assessment of the Supreme Court judgment, and pending resolution of the outstanding uncertainties, in particular the FCA redress scheme, the Group currently believes that if there is any change to the provision it is unlikely to be material in the context of the Group.”

I think the 9-18 bn is a massive over statement unless the majority of it is going in admin fees. In which case the CMC could probably provide it at a cheaper rate.

Regardless of the sp tomorrow, this is not the time to sell in my opinion. This share still has the potential to at least double in 12 months from its current price. The shorters will be desperately trying to encourage you to sell through fear and panic. However, I think the worst of the news is already out and from now on it will steadily rise.

Hindsight is a wonderful thing and with it I would have purchased more shares when they were only 389. However, I didn’t sell at 460 which seemed like a good opportunity at the time. On Monday some ‘investors’ will be tempted to sell when it opens. This could be 600 or possibly higher. From experience it will then drop and the natural response is “whoops I wish I’d sold at 600.” It then, after dropping to 500 returns to 600. This can encourage you to quickly sell. My experience in shares says “ This is not a time to sell”

Instead, ignore the short time fluctuations. When the dividend returns or offers are made to buy CBG the sp will advance quickly and dramatically. This has legs, enjoy the ride, it’s only just begun.

The shorters could be about to make a big loss 🫢

19th May “ The biggest lesson I've learned is not to sell too soon when you've made a good buying decision”

I think you’re making a similar mistake again. However, good luck with your profits 👍

Any sp movement next week is based on emotions, not facts. I regard the timing of the SC announcement as very sensible for reasons previously posted by others. I consider the SC decision as already predetermined and predictable. It should be favourable for CBG. I’m already planning for the 6 weeks after the 1st Aug and how the FCA may respond. Will the sp continue to rise or will there be further opportunities to buy at a cheaper price than it opens at a week on Monday?

In my opinion, now is not the time to sell. The uncertainty of the SC judgement is factored into the relatively low sp. Instead have confidence in the company, which has acted professionally throughout this debacle. Martin Lewis has commented on yesterday’s announcement https://www.moneysavingexpert.com/news/2025/07/martin-lewis-supreme-court-car-finance-commission/.

I’m hoping the sp retraces leading up to the close of Friday so I can buy some at an even cheaper price than it is currently placed at. Regardless of the outcome I expect an initial modest rise a week on Monday. Following this I’m uncertain how the FCA redresss scheme will affect things. Longer term I’m hopeful of a return to an sp which is double the current price and a reinstated dividend.

I still don’t understand the shorters logic. However, their position is only going to result in an increased sp in August, in my opinion.

Good luck to all those who didn’t chicken out yesterday.

I’ve just had a read of other posts from bigmj. Bigmj is on the board of many different companies as well as having a full time job. They are also the majority holder of several organisations and are well connected in the city. They regularly make 200k investments in shares. I think the sc must have forgotten to announce that the result will be provided today. Don’t give up the day job bigmj.

Just bought in here today. I think the negativity is overdone.

I think this is similar to a game of poker. I’m expecting a reasonable number of ‘investors’ to pile in after the SC announcement. The story will then quickly change to the FCA redress decision, to be heard several weeks later. In my opinion, this is possibly the best time to buy - after the sp has declined again, due to uncertainty with nervous ‘investors’ anxious about their recent acquisition. Hold on tight , roller coaster time coming up….

Share prices are less to do with facts and more to do with psychology - you sometimes have to do the opposite of what is expected (rational).

I think that the rise from November, when I first bought, to now is indicative of a favourable judgement by the SC. It is still an unknown but I am expecting the sp to only shift around 20% either way following the announcement. The next big unknown to focus on is the FCA response within 6 weeks regarding the redress. They can still impose compensation regardless of the SC decision. I’m unsure what will happen to the sp in those following several weeks but it might be downhill. I’m not expecting much improvement in the sp until the dividend is returned.

I reduced my stake in CBG today back to simply having my profits invested - which is still a sizeable amount to me (not 250k though). Good luck everyone.

Just bought in here today - I think the negativity has run its course.

Not pretending to be brighter than you but I do have a theory - it could be that with the increase in tariffs there is less demand for copper. Therefore, the price goes up but you sell less of it.

I think the media is slowly realising that the outcome is probably going to be more favourable for CBG than the apocalyptic scenarios that were circulating in 2024. I’m not expecting a 100% rise on the day the verdict is presented, instead I think the sp will rise steadily between now and then. If you want to profit from this rise then you need to be holding shares asap. Those who sit on the fence and don’t risk their money will, in my opinion, miss the boat.

I tripled my stake today and feel optimistic for the future sp of CBG. Below is an AI generated response, please do your own research and only gamble with what you can afford to lose:

Based on the Supreme Court hearing (1-3 April 2025) and analysis of the search results, the probable outcome involves a **partial or full overturning of the Court of Appeal's pro-consumer decision**, with significant implications for the motor finance industry. Here is a structured assessment:

### ⚖️ 1. **Fiduciary Duties Unlikely to Be Upheld**

- **Skepticism from Justices**: During hearings, Lords Briggs and Hodge expressed doubt that car dealers owe fiduciary duties to customers. They emphasized the commercial nature of transactions and absence of explicit/implied undertakings by dealers to prioritize customer interests over their own .

- **Intervener Support for Lenders**: The National Franchised Dealers Association (NFDA) argued fiduciary duties would disrupt 100+ years of industry practice, where commissions were standard and non-corrupt . The FCA also cautioned against blanket fiduciary duties, calling it "too sweeping" .

- **Probable Ruling**: The Court is likely to rule that dealers **do not owe fiduciary duties** in typical motor finance transactions, negating lender liability for "dishonest assistance" .

### ⚖️ 2. **Tort of Bribery Likely Preserved but Narrowed**

- **Existence Upheld**: Most parties (including the FCA) opposed abolishing the tort, citing its deterrent value. The Court is expected to retain it but clarify it requires a "duty of conflict-free loyalty" from agents .

- **Application to Dealers Unlikely**: Justices questioned whether car dealers owe such a duty, given their dual role as salespeople and brokers. Without this duty, bribery claims against lenders **would fail** .

- **Remedies Limited**: Even if bribery applies, the Court may make the "presumption of loss" **rebuttable** (e.g., requiring proof of actual customer harm) rather than automatic commission repayment .

### ⚖️ 3. **Unfair Relationship Claims (Consumer Credit Act) – Limited Role**

- **Minimal Judicial Engagement**: Few questions from Justices during hearings suggest s.140A of the Consumer Credit Act 1974 will not be a primary remedy. The FCA noted unfairness might arise only in extreme cases (e.g., very high undisclosed commissions) .

- **Case-Specific Application**: If upheld, this would likely apply narrowly (e.g., to individual contracts with egregious terms), not as industry-wide liability .

### ⚖️ 4. **Lender "Dishonesty" Unlikely Established**

- Subjective vs. Objective Tests: Lenders argued dishonesty requires subjective awareness of wrongdoing, while customers pushed for an objective standard. Justices appeared skeptical lenders acted dishonestly given industry norms .

- **Probable Ruling**: Lender liability as accessories **rejected** due to lack of fiduciary breach

Here are my thoughts for what it’s worth.

A share price is not necessarily a reflection of the true value of a company. Instead it’s the expectation based on emotions. CBG has had the sp hammered due to worst case scenario payouts. Regardless of their improper or not behaviour, I think the negativity has been overdone. However, investors would have said that at several occasions in Dec 2023 and Sep 2024. With hindsight they would have sold prior to those dates. I also have doubts due to the size of the shorts - I assume they have knowledgeable people, like Knot, making those decisions. We also have Jupiter, I think it was, stumping up 5%, at a relatively low price who have confidence in the long term prospects.

I still maintain this is gambling. However, I like the odds and I’m about to triple my stake next week.

Good luck all.

Buy at the bottom and sell at the top sounds obvious but determining the top and bottom isn’t easy. However, waiting for it to rise further may not be a good strategy. Last time I was here I bought 4/3 at 455 and sold 7/3 at 517. I bought back in today and plan to stay for a lot longer than 3 days.

Why did the RNS not include figures. Is the 68% increase in monthly revenue from one million to one million six hundred and eighty thousand or is it from £1 to £1.68.

Did they deliberately not include the figures to induce gullible people to buy worthless shares?