Member Info for bladerunneruk

I was lucky with my buys under £2. I’ve just sold today and expect to buy again at the end of March. I’m hoping it will be lower then than it is today.I hope you’re as fortunate as I have been so far with this share.

Https://www.financial-ombudsman.org.uk/data-insight/our-insight/quarterly-complaints-data-q1-2024-25

This link provides details of the rise in cases prior to a fee being introduced.

https://www.financial-ombudsman.org.uk/files/324509/Consultation-responses-Charging-Claims-Management-Companies-and-other-Professional-Representatives.pdf

Here you can read the arguments for and against fees.

In my opinion both documents support CBG with respect to a reduction in claims.

However, I appreciate and support Knot’s comments that hopefully most claims will be void following SC

I don’t think the £250 charge is a mute point:

https://allegiant.co.uk/2025/02/cmc-expresses-grave-concern-amid-reports-abby-thomas-ousted-from-financial-ombudsman-service/

Here’s the response from a claims management company.

They suggest that without their support many claims won’t take place.

Look at Close Brothers (CBG) - if you get in early there’s a reasonable chance you can recoup your losses here.

Https://www.independent.co.uk/money/financial-ombudsman-to-charge-claims-management-firms-ps250-to-refer-a-case-b2694072.html

This is going to fly on Monday

I think this has much further to fall, hence the shorting.

I think the drop was inevitable. From July 2022 to July 2024 the sp just about trebled. That was the time to sell.

Next time to buy, if ever, is when it returns to 120p.

Speaking to the House of Lords financial services regulation committee on Wednesday, the FCA chief executive, Nikhil Rathi, said there was a risk that the court ruling could end up affecting other types of lending beyond car finance, such as commissions paid on the sale of insurance plans.

He said it was a “potential issue” that the FCA planned to highlight if was. granted permission to intervene.

I appreciate your posts Knot and find them insightful and entertaining. Anyone who doesn’t want to read them can either filter or go to the enormous effort of scrolling past them.

The posts late last night suggest Tuan6 and knot are the same poster. Why does someone do this?

Https://www.theguardian.com/business/2025/jan/03/profits-at-gb-news-owner-paul-marshall-hedge-fund-plunge

This is some evidence that shorters don’t always know how to invest.

I still maintain that this is a gamble but one with favourable odds. If the SC is unsuccessful then perhaps a drop to 180. I’m betting on some good news from the hearing and potentially very large rise.

The shorters have been sailing close to the wind and at least one of them has been smart enough to reduce their position recently. I think this will start to rise quite quickly soon. It’s held up well this week in a challenging market.

I’m still holding. Long term I think this will come very good.

From Martin Lewis on MSE “ Yet it'll almost certainly be appealed to the Supreme Court, which can and commonly does have an entirely different view and overrule it – so it’s far from a done deal.”

This is why I’ve put a third of my ISA into CBG. I like the odds of this gamble.

In my opinion, without any news this will yo-yo. Watching the sp and trying to predict the price will drive you mad.

Instead, sit back and wait for news. If this gets a Supreme Court hearing I think it will shoot up. Then the price may continue to rise as speculators try to predict the outcome.

If there are 3% short then there are also 9u% long.

The. FCA expect a typical time of 9 months for a Supreme Court decision, if we get one. If there is one I expect the sp to increase for most of the time in anticipation of a favourable ruling.

https://www.fca.org.uk/publication/transcripts/call-with-market-analysts-motor-finance-november-2024.pdf

Https://www.mpamag.com/uk/news/general/reeves-to-put-pressure-on-fcaother-regulators/513628

Marshall W and Millenium C both increased their shorts prior to the announcement of the dividend being temporarily halted. They are very clever at being able to predict future events. If the shortest are predicting more bad news to come then I cannot imagine what it is.

If the government do introduce a fee of £250 this should dissuade a reasonable number of claims. The withdrawal of a dividend has saved them £400m. The asset sale is factored in to the sp.

In my opinion this has been oversold and the directors who paid over £4 a share, earlier this year will soon be making a profit on it.

This has to be worth more than this based on the RNS released yesterday. The price may drop to allow MMs to ascertain shares. However, fund raising or not, long term this is going one way in my opinion.

The “going concern “ was already known about. Instead look at the projected 55% increase for 2025, increasing demand from Mexico and Brazil, new products being launched, France about to buy stock. Fantastic RNS