Member Info for Broomfielder

Much as I want the SP to not only recover recent losses but move on to re-establish it closer to historic levels, should it do so in the short term without any factual (and public) basis, then recent Market activity merits investigation.

There are no disclosed open 'shorts' of any meaningful size, nor from what I can determine, any material seller, so, do we have a disorderly market?

If not, it's beginning to bring back awful memories of 2008.

I think in truth, most lth's were simply puzzled by ref to the $20m asset rather than the expectation someone had simply opened a cupboard and found that amount in new kit noone had hitherto been aware of.

Does rather caution placing too much emphasis on any non RNS sourced info regardless of the author.

It's very easy to highlight the 'worst case' scenario emerging in any so-called major controversy affecting Banking/Financial companies as, of course, only when hard facts emerge can any true downside risk be evaluated.

Uncertainty is one thing, but the panic that seems to take hold in stocks these days in such circumstances, invariably leads to an over reaction.

No short positions are disclosed, but recent behaviours in the SP would seem to suggest otherwise.

It clearly remains a higher risk financial stock but I don't believe there has been sufficient change from CBG's previous publicly stated position to merit the last 2 days SP downturn.

And it's easier for Brokers to sway on the side of negativity than the opposite, hence the latest downgrade.

But Markets do seem to like more and more volatility these days.

Better days to come .......I hope!

Pleasantly surprised at these Results - these are better than I had hoped for and much better than I had expected.

As the SP falls back again to erase most of the opening gain, I am a bit bemused by this reaction.

However, much like past behaviours, any gains here have to be very hard won it seems.

Really beginning to deliver on the potential her imo.

Fully agree with your 11:29 post, Winstanley.

I think many posters don't seem to appreciate just how close Cpx came to folding recently. That there is now imo also cautious optimism for the future but to expect instant results followed by stellar growth etc is to, say the least, unrealistic.

In the case of Cpx, you either believe in the new Exec team or you don't.

It's high risk I acknowledge even in the AIM casino, but thats the reality.

GLA.

With a further reduction in the Gov's shareholding (per RNS), you wonder if they will sell down all their stock prior to any Windfall Tax being introduced.

Talk about Conflicts of Interest.....

I don't think the awaited Results will generate too much enthusiasm- as a lth here, I along with others are only too well aware of the rocky road we have been on in recent years.

Rather, I suspect, most investors more than usual are very much 'forward looking' and here, hopefully a Trading and general update will rekindle the flame for us.

As we have seen so often in AiM, so many CEO/BoDs promise to do (or not to do) certain things only for the undertake the precise opposite, more often than not with detrimental impact on the value of investors' holdings.

It's hardly a surprise that we all want facts and hard evidence of progress rather than bullish sounding RNSs.

GLA......its surely bound to be our day one day!

Yes, D absolutely right.

It never ceases to amaze me just how short politicians memories actually are and not just with Banks. Just as well the voting public won't forget especially if they get too many unpleasant surprises in the upcoming Budget that never saw the light of day in the Election campaigning.

After all, a good Tax doesn't have to be fair, it just needs to be cheap and easy to collect.

It's no great surprise as the Gov scrambles to fund its (selective) spending, that a Windfall tax on banks is getting its regular airing. That's no doubt the reason for MMs looking after Investor interests by writing down the Sector this morning. Jolly nice of them not to go too far!

Other industries are apparently in the firing line, including the already such taxed oil and gas sector quite apart from what may happen on personal taxation etc.

Have Govs not figured out that why so many work-eligible people don't work.....its not rocket science. There's almost an incentive these days in being work-shy.

Further swingeing tax increases are simply going to increase the problem.

And I have no political bias on this as many, many Governments over the years are complicit.

Despite many of the sanguine views expressed on this bb over the nature/extent/relevance of the clerical (sic) error disclosed in the recent RNS, it is hardly the sort of image the new Exec team want.

Much has been made of the shortcomings of DL's Exec management and directorship in the past (rightly in my view), that altogether a much better performance was not only hoped for, but also expected.

This can readily be demonstrated in the Half Year figures now under preparation as we need to strip out any cyclical upturn from the real difference the new team have achieved. Whether or not we get the material to derive such info remains to be seen.

Despite some improvement in SP from its recent 'lows', there remains a lot of ground to recover here both by way of capital value and income recovery .

GLA.

The error was noticed '..during the Group's Half Year results preparation, a miscalculation has been identified within the Group's Audited Solvency II own funds...."

Whilst clearly an error by DL internal accounting, it has been Audited as correct and subsequently published.

Can we therefore expect an apology from the auditors KPMG as well?

Cheers Value - I will look, but all my other shares show correct daily data, and normally there aren't any issues.

After recent losses, I was somewhat relieved to see the SP close 1.3% down on the day, especially as my Interactive Investor trading platform discloses a daily movement of (down) 107.50p or 27.8%!

I keep searching for evidence of the massive sell off of shares highlighted across the Media for the widespread destruction of value across major worldwide stock market indices. You would think that the huge dumping of shareholdings by IIs would be fairly easy to spot. Also the many small companies in which Institutions won't go near are hammered, one can only guess by hordes of PIs having apoplexy eating their cornflakes and hitting the 'sell' buttons.

And all because of the 'hint' of possible recession in the US.

CBG are down c 5% at time of writing but it could easily be anything really. On the back of the past days of reductions, MMs seem intent on walking the sp back to historic 'lows' and whilst some may say its a 'buying' opportunity, this artificial opaqueness in pricing reduces analysis to the levels of trying to predict Bitcoin prices.

IMO, it's all a pathetic indictment of one of the mainstays of capitalism.

Wel that's how the Media portray it. As if Institutions are dumping stocks across the range on the back of a perceived wiff of potential recession in the US.

If that's the case, why then are sundry AIM and other stocks hammered when clearly II's have absolutely no involvement?

The levels reduction across various indices worldwide raise other issues and no doubt many well trodden 'arguments' on inter dependence etc will again be heard.

But so much of this imo, is self inflicted and arbitrary, and at least NWG are only down c 3% at time of writing, when it could so easily be any figure the MMs want.

God help investors if a real geopolitical risk were to become a reality such as Iran invading Israel or China walking over Taiwan.

I guess we may have to worry about however in those circumstances.

Best of luck everyone; there's got to be better times in future, even if not any day soon.

The response by way of artificial adjustments (ie not supply/demand driven) in SP to perceived geopolitical risks is just one of the dark arts performed by Market Makers in the increasingly murky waters of trading in the UK stock market.

Does any PI or indeed II actually have any insight into the scale of (usually) reduction that suddenly results in £s being written off the value of their investment? No, I thought not.

Today NWG sp is over 8% down . On what basis has is this justified.

Headlines surrounding Lloyd's and Close Bros suggest the FCA's delayed conclusion of the report into motor finance has resulted in downward pressure on their sp yet the latter reduced only c2%, yet they are, you would imagine are equally exposed to the same geopolitical risks that NWG are.

Greater transparency in the whole way Markets operate in the UK is something well overdue but unlikely to see the light of day. After all, it might get in the way of some parties' easy profits......at others expense.

Steady, measured commercial expansion controlled by a BoD that are equipped to take Cpx positively forward is what most lth's could only dream of.

Well, we are on the threshold of that 'dream' now and although I admit to losing a fair old amount in past investments in Cpx, I have not been as enthusiastic about their future as I am now.

I am crucially aware that the Co need to keep delivering but I think they will achieve that.

GLA!

Elllltel - I'm not sure the strategy will change, but investors' perception or sentiment toward NWG once they are again free of Gov ownership however small/reducing.

I appreciate there are no additional shares but with any sizeable and persistent seller (thats why the quotes around 'overhang' etc), even the best SP can feel the effect.

The SP has done well enough of late but I think it can do better and whether they grow their lending book by further retail acquisitions or more adventurous add ons remains to be seen.

Today's RNS is the sensible, commercial building block of the type so sadly lacking in the older history of this Co. As others have said, there is much more to come from CPX and its right that PI's expect that.

Of course, those that expected a £1bn investment from certain well know US Co's are claiming to be disappointed. But these 'hopes' were never likely and the (investment) focus should be on the realistic commercially deliverable products Cpx already has as well as those under development.

And for that potential, today's Market cap is way 'undervalued' in my opinion, at least.

HM Gov's holding has almost halved in just over a year, so the remaining c20% should hopefully be disposed of in coming 12 - 18 months.

The sooner this 'overhang' is cleared, the better for the remaining shareholder base.