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@Flava thanks for sharing the Panmure Gordon comments. Do you have a link?

I particularly like the following statement, 100m a year of PBT from 2026. That's like returning the current market cap every year. A lot of dividends.

"We believe that this equates to a business making around £100m of adjusted PBT [profit before tax] and close to 30p of adjusted earnings per share.

Yes agree might as well get the funding done and dusted. Otherwise funding concerns will continue to depress the sp anyways.

A few secs faster hxu. lol

Strategy Seminar for 3 hours... appreciate the BOD making the efforts for shareholders to understand the detailed plans in place to turnaround the company. Keep up the good job.

@Muck165

Strategy Webinar link: https://stream.brrmedia.co.uk/broadcast/65cb76963542db7be03f8688

Quite a few persistent large sells recently... the BOD needs to finally show some commercialisation results. Heard nothing significant since FDA announcement, cash burn too significant relative to the 100k sales orders and non-disclosed amounts they are bringing in. We need orders in the millions for any meaningful impact and demonstration to us shareholders that there is potential to scale for eventual profitability.

@XXXAcountant- where is ur source? I didn't find any pointing at Vanquis Bank. Ian and Dave was very clear at the webinar today saying they are not involved in FCA investigation as they don't do commission model for motor finance.

Taverham, they said they are taking legal action against the one CMC company which accounts for around 80% of all the spurious claims. Regarding timeline, it depends on the courts which could take as long as it needs.

Expecting a gradual and steady to 100p in the next few months.

1 months ago 120p

12 months ago we were 230p.

5 years ago 500p

10 years ago 2500p (Neil Woodford days)

Market cap at 130milion gives the share price a significant room and space to grow when we see some substance from the management team

I am hoping we finally see a truly incredible boards to implement a feasible turnaround strategy. This has legs for sure.

Baysils right.. Plenty of LIQUIDITY is key. Retail deposits from 2022 £1.1bn to 1.9bn in 2023 is pretty significant increase of 73%. Careful management of NIM will see nice dividends going forward. I also suspect they are understating things to get the bad news out of the way.

Unbelievable value destruction for small shareholders. Shocking exit or no exit option or protection for the little guys. Nasty as hell. Clive as chairman couldn't careless too. He's sucked shareholders dry and decided to call it a day.

As pretty much the only surviving reputable leader in subprime lending post AMIGO administration etc. It is not in FCA's interest for lending to take place in the black markets where traditional banking will not even let this segment open a bank account. So Vanquis is here to stay and benefit from this growing market.

@Mary - I asked 4-5 questions as follows:

1) CMC complaints why so sudden in Q3-Q4 and top reasons why?

2) Director buys

3) Complaints Costs in 2024 Forecast

4) Impairments forecast for 2024

5) Share price fall and actions (Didn't answer mine cos he answered yours)

Surprised all my questions got answered. Can't think of any additional questions currently.

Hope to see more Redwood buys and significant Director buys. Expect nothing less from these directors. Pocket change compared to net worth.

I asked them about directors buys. Response as follows:

"Discussions about this topic currently and not going to comment on individuals, we do see there is value in where our share price is at the moment."

Good question at the end Mary. Should put them on their feet as to restoring confidence in the share price. No easy questions for the management today.

Massive drops but small rises. Looks like this needs a bit more time for buys to outstrip the existing overhang in supply from Goldman. After that 🚀 . IMO, DYOR

It would be good if directors can have some real skin the the game also by buying significantly the current weakness in share price if they have confidence in the future.

Rational thinking Peterrr. Fair enough, aim of the game is at least not to lose money. But I also share the same idea that it has bottomed, RSI at 20. Big results day tomorrow, hoping tomorrow will be a good day.

This looking more likely going to administration if unable to raise funds. Makes more sense for the acquirer to buy the brand for peanuts then pick and choose to operate only the profitable busy locations. Where as the remaining rental lease liabilities, redundancies and other liabilities can be defaulted in administration. Skating on thin ice this one. IMO, DYOR.

Slowly but surely. Redwood absorbing the sells from Goldman. We are seeing this rebound breaking past 50p reflected in the share price. Overhang could well be over soon. Tomorrow's update will be key driver of whether this recovery continues. Onwards and upwards. GLA