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Still think goes out at 70ish the last funding price….we shall see
1st March deadline be easy to extend if required….
It is but plenty of room….think bond a great trade
Yep plenty of value here
This a very strong buy-85 offered a bargain
1.won’t default plenty of options to pay this, 700 mil of property on books- bond 50 mil
2.roll the bond ( v unlikely) into a higher coupon ie 12+ and then bond still safe
3.even if co folded (won’t happen) receivers sell the assets and bond repaid in its entirety.
Been buying these from 86.5 down to add to my existing holdings- v happy to keep adding as 6 months investment for 18% upside plus the 2.25% interest, decent in anyone’s book.
I’m an x City trader and believe me Winterflood a v good biz , times a little tough for lots of city brokers but these things have cycles and things will improve
Admittedly not great but my point is plenty of value there
Plenty of wiggle room here, I reckon Winterflood worth the current market cap alone…
These figures being banded about are pure guesswork from useless journos and analysts who quietly frankly as useful as a handbrake in a canoe
Rather insulting offer I’d say, worth much more -interest rates on way down etc ,can’t see Ashley entertaining this should start negotiations at 85+ imo
Yes you right but too many snowflakes about as well imo
FCA are useless and totally inept , Bailey a prime example was a buffoon at the FCA so he’s made governor of the BOE and doing the same there ie clueless you really couldn’t make it up…
At least, reckon Ashley’s average about 60 ish
Way too low, that very opportunistic, hopefully Ashley stirs it up
•was
Crazy really but we in a world where individuals make a wrong decision so they look for a bail out and a safety net….too many snowflakes about-make a wrong decision you pay for and move on like Beas the case for all of us in years gone by..
Bang on this….crazy world
An investigation into mis-sold car finance is the latest compensation bonanza
At the end of the day you’ve only got yourself to blame
Ben Wilkinson
Picture of Ben Wilkinson
Britain has been on the lookout for the “next PPI” compensation free-for-all for a good few years now.
The widespread mis-selling of payment protection insurance (PPI) for decades ended with more than 30m complaints lodged and a total of £38.3bn paid out.
The compensation bonanza reached fever pitch in 2019 when the deadline drew near and complaints were being thrown in by chancers who had no idea if they had ever been sold PPI and were just hoping for the best.
Granted, PPI was a genuine scandal where consumers could never actually claim on the insurance they had paid for. But since then, challengers for “the new PPI” title have included equity release, Help to Buy and timeshares. Right now, the leading contender for the “new PPI” crown is car finance.
Money Saving Expert Martin Lewis declared it to be “huge” news last month when the Financial Conduct Authority announced it was investigating potentially “widespread misconduct” by car dealers and credit brokers who may have sold finance at higher rates in return for extra pay from lenders. Mr Lewis reckons the compensation owed could be on the same scale as PPI and urged anyone who thinks they have been mis-sold to register a complaint now “as a marker”.
It makes one wonder how much of this has so far been driven by claims management lawyers, eager to find the next big payday. I fear this latest hype is more about compensation culture than righting any wrongs.
‘Years ago your first car would be an old banger. Now, new BMWs and Audis line the streets’
Car finance is rarely a smart financial decision. Years ago, you would drive a car you could afford. Your first car would be an old banger that did the job and cost very little to insure. New cars were for the wealthy only, and besides, why would you pay vast sums for a car that is only needed to get you from A to B? Now, new BMWs, Range Rovers and Audis line the streets and driveways of even the most rundown areas.
Car finance enables those who cannot afford a new luxury car to have one – regardless if it is good idea for them. The value of a new car is hardly a precise science. The value of new models can fall by as much as 40pc in the first year, the AA says. The truth is that drivers willing to pay a premium for a new car are offered a price and only if they are willing to pay it, a deal is struck.
As long as prices are clearly displayed and comparable, consumers should be left to make their own mistakes.
Totally priced in and some…
I said in an earlier post that the bond is a screaming buy - either they raise 50 bars by selling something from their 700 mil property portfolio or in worst case scenario and the co went under(which no chance imo) the receivers would sell property and 100% of the bond is repaid
They are offered @ 85 so 18% odd capital growth plus 2.25% dividend-not bad in my book for another 6 months of waiting-easy money-no brainer
I called a suspension of the dividend (not difficult)at about £5 odd however the current price is completely unhinged and very oversold here
Yep been saying for years these analysts are useless and accountable to no one, as useful as a handbrake in a canoe..
Yep reckon decent bounce here