Member Info for Cardinal3

Very encouraging to see two director buys on the back of the results

I smell burning shorts.

The increase in short on 22 Nov looks well-timed if this goes ahead

Encouraging results.

It's hard to see much upside without a change of strategy away from active management which is out of favour. It's interesting they have picked up a Legal and General exec starting early next year as L&G are big in tracker funds.

In my limited experience tech companies are good at the research and operational side of tech but aren't good at marketing and selling themselves. To be fair these are often very bright people who know a lot about coding, chips and the like but not a lot else, and do need that expertise brought in by the likes of Sfor and WWP.

Sorry but anyone would think that our diplomats are poor and will be in poverty with VAT on boarding schools. In any case nobody is stopping them taking their kids abroad with them where they can go to international schools. We have international schools in the UK though a number have shut as student numbers fell post Brexit.

Only a guess on my part but the budget on employer NI has added cost.

The partnership model, where housing associations join to buy that element of affordables in a development, is in trouble since housing associations are short of cash. Something else to watch.

Also note the last line of the RNS that VTY will be reviewing the timeframe of returns to shareholders. I think that can safely be interpreted as a slower rate of buybacks. A prop of the shares falling away.

There may be a reference to a hit from increased employers' NI next year. Could be expensive.

Hounddog

You said, 'We are already beginning to see that the Court of Appeal ruling is impacting the new car market, which I think (outside fleet) largely relies on financing through motor dealers. This will weigh on any FCA decisions made'.

I hadn't been aware of this but normal markets are logical- why would any bank lend and not know the end benefit/cost?'

It might be amusing for the 'tax the banks' people but in the end car producers won't be able to sell and the implications for business and employment are just horrific. Govt must step in if the Supreme Court upholds the Court of Appeal.

Bav

Interesting as I am sure quite a few of us are wondering about the budget. The tedious issue is the last govt reduced the CGT free allowance down from £12k to £3k, giving less scope. While you are right about averaging up, the reality is that the total profit remains the same. I have this problem with grandsons' non -JISA shares albeit not in RR. I'd rather not have to deal with CGT for two minors who have minimal income and no tax returns yet. I was thinking of creating a capital loss elsewhere by picking on a special dividend payer, buying cum div and selling ex div. Trouble is there's not much with a big enough div.

Govt will take notice if no banks will provide car finance due to the onerous judgment by the courts and resulting uncertainty.

Rocka

You may be right that the budget might not help banks. My concern is that uncertainties around UK banks and off-piste issues like car finance make our institutions less investible.

Hardup

My advice to myself is if I don't understand something, don't invest in it.

Mind you I thought I understood that Lloyds are supposed to lend money but it looks like I was mistaken. Wouldn't it be amusing if all the car finance lenders stopped lending immediately. That would put a lid on costs as govt would have to act.

Market expectations were £1.6bn for Q3. They made £1.8bn. Market beat. Good.

Very positive share price amid the general gloom and I wonder if there is something going on in the background.

The results are good, if not spectacular, in challenging times. The acquisitions in Aus and NZ will add spread and depth to the business. I'm pleased to be a holder.

Decent video. I put grandsons in here for a small sum. Currently well down and at this rate will use the losses to offset profits elsewhere in the next tax year

This is grim and basic maths only a short time after the interims. Heads definitely should roll. It's actually cost the company a lot as they've been buying back shares at over 1200p. Just another reason why sometimes cash divs are better. There's no hiding place for the board here.