Member Info for Crazyyear

This is going to drag on until till next year before we know the scale of compensation. Expect continued uncertainty around the SP. We are still in no mans land

18 Billion is a little more than the 168 million CBG have put to one side. I hope they have got their sums right?

Taking into account that the FCA may well announce ( before 8am Monday) that thay intend to go ahead and support a redress scheme. Will that have a negative impact on the SP on the open?

Totally agree. I am 100% back in on Monday. Doesn't matter which way this pops Monday. The one thing that we know ,is the SP is going up and up after all the excitement is over and we can all look forward to rewarding times

Bloody hell just been into my local branch to sign the papers for a small personal loan. I need to bring in the whole family ,my solicitor, All my neighbours. oh and my dog , who all have to read through the Ts&Cs. No missing any hidden commision fees today 😂😂

Interesting comment

commission is not itself unlawful. Even the 'unfair terms' rules do not apply to the actual contractual consideration's amount

But non-disclosure of important details, or hiding them on p.94 of T&Cs, will run the risk of them being struck-out of a contract

Denning's "big red hand rule" refers to his idea that particularly onerous or unusual contract terms, should be highlighted with a "red hand" to ensure the other party is adequately aware of them. This rule, while not a literal requirement, emphasizes that the more unreasonable a clause is, the more obvious it needs to be made to the other party to be considered fairly incorporated into the contract.

The Chase Brothers case is easy, there was no mention in the small print of commission, so the only problem is the remedy - and given rescission is now impossible it should be repayment of all commission and extra interest charges.

Others should be thrown out. Hurstanger is right but the CoA just waved it away apropos of nothing. And if the SC rules them all identically, perhaps the Supreme Court can answer in what circumstances a written contract with a clear term within it is not binding and literally identical to not having one at all. The "small print" argument the CoA threw in should not apply to a thirty grand contract. You should be expected to read a 3 page contract pretty carefully if that's what you're spending.

What do people think the opening SP price will be on Monday following the announcement at 4.35 . I for one hope its around 70p

The Triton FPSO was delivering 25,000 boepd net to Serica immediately prior to the shutdown. Approx 210days x 25000=5,250,000 barrels.lost production

This must have impact earnings

Serica will issue 2025 half-year results at 0700 BST on Tuesday 5 August 2025!!!! No Triton in this statement

Hate to state the obvious, but due to the down time of triton I predict the numbers of BOPD will be seriously down. However this will open up a great buying oppurtunity come Tuesday

The puzzeling thing about all of this conjecture, is the SC timing. Why wait until fri after close? If the judgement was a balanced one and it would calm the market, even lift the SP of lenders .Then surely they would have released it as normal on Weds. I for one want to jump in on this stock, but the question remains, when is the right time? Fri PM or Mon Am

When you have these sort of headlines

Bupa UK insurance to cover Oxford BioDynamics' EpiSwitch® PSE prostate cancer test

This company is ripe for a takeover. Just a matter of time 40 million pounds at these prices, a bargain waiting to be snapped up

No your right. I am just talking about the opening hour on Monday. The goverment are in summer recession and will not act on this for weeks. But in the meantime the SP could be at the mercy of the Shorts come Monday

On the plus side this will be a great entry point for those waiting on the sidelines to buy LLoyds. Once the dust settles the SP will work its way back to todays prices

Reading between the lines, THIS IS GOING TO BE A TRAIN WRECK FOR LENDERS ON MONDAY!!!!

The Supreme Court usually delivers its decisions at 9.45am.

However due to the sensitivity of their decision, they have taken the highly unusual step of issuing its heavily anticipated ruling in the car finance cases at 4.35pm this Friday.

Millions of potential claims worth up to £40bn or more rest on the outcome of the ruling, and law firms and claims management companies have been advertising aggressively in recent months to recruit clients.

In three conjoined cases last year, the Court of Appeal found it unlawful for car dealers, acting as credit brokers, to receive a commission from the lender without obtaining the customer’s informed consent.

In one, the dealer failed to disclose the commission they received from the lender, Close Brothers, and in the other two partially disclosed it in the small print of the credit agreement. The lender in both of those cases was FirstRand Bank.

The customers were all successful in the Court of Appeal either on the basis of the tort of bribery or on the basis of dishonest assistance. One of the claimants was also successful in his claim that it was an “unfair” relationship under the Consumer Credit Act 1974.

I agee the SP is absurdly low .But Any sign of weaknees on Monday and the Shorts will drive this down through Algo's.They will no doubt formulate a stratergy over the weekend Then it is a question of jumping back in back, after the shorts have finished, and the SP shows signs of strength

Looks like all the insiders have started buying in this morniing 🤣

There is little to no sales data from Europe. A 500 million patient market. This has to be a big opportunity going forward

The Chancellor is considering overruling the impending Supreme Court verdict on the motor finance scandal" if it rules in favour of the lenders"

Thats not how I interpret this line

SG0911, Do you honestly believe for one second the the SC are totally independent . Grow up man!!! That world finished years ago.