Member Info for FangKat

Suppose it's worth saying they should the FCA not come up with anything expensive for CBG in September, then CBG will have a fair bit of cash to hand out to shareholders if they so wish.

I thought I saw on a lewis site that he was not yapping billions anymore, and that overall the figure was 2 to 230 million - for ALL banks etc concerned. Might have seen it wrong, late at night and whiskey etc.

Agree with that Sir-Short, wondering what is going on somewhere, maybe even with the lewis overhead do you think someone is looking to buy them out on the cheap?

Just set a limit for buying 1500 at 290p - you never know. My luck if it triggers it's not the bottom i.e. still too high.

Do you actual hold any Paulwood with Posts x 3 ?

Wayne, previously saw your post on this and your effort appreciated. However in the end something officially released is needed really. Seems rubbish that a share price can dive 50% in relatively short time and not get something from them.

Another month probably before we hear from them is too long

What does seem to be the case (touch wood etc.) is that the price does seem to have settled down to a more narrow range.

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Would be one L . of a divi at these prices wouldn't it - just dreaming

Seem ok for day trading so far, up and down like a w.hores kn-ickers

Most definitely, well maybe, perhaps ... get yappy Lewis onto the case and he will probably , maybe, perhaps get you billions. Just in case this has happened to you before one imagines the compensation should go back to the Boer War.

From what I can see it may have been 2003 or so when it was last this low. Cannot think many people are holders at that sort of price so long ago. Pretty awful place to be now for the share price, but surely most holders who want to take a loss and get out have probably done so?

It's so hard to take the decision to sell up and lose perhaps a lot of money isn't it.

Nick, non-one knows - not us ordinary investors anyway- what's in the woodwork waiting to come out. Look at Aviva today|

Actually although intention was to wait it out with my CBG, I found myself thinking about it last night - not good. So I actually dumped 75% of my CBG first thing this morning, luckily before they shot down again. My luck probably means they will go shooting up - maybe, but I don't like the potentially months of uncertainty.

Sorry Mec, didn;t see your answer to Nick, ate some toast in between writing my reply

Nick,

your "The dealer sells the car, making his money, and then the customer chats with CBG to get a loan to pay for the car. "

Not my experience when offered finance, basically the dealer does it all if you go with what they offer for finance, you as the customer in this case don't deal with the finance company surely. You just sign the finance agreement. Only way you deal with a bank or whatever is if specifically set up your own finance away from the dealer, perhaps using a bank loan. If you do this then you get offered a rate and if agreed the money is chucked over to the dealership. (may be wrong as never used loans for cars, just pay cash).

Anyway, still think CBG should issue some comment on this massive shareprice drop

and I really hope they don;t play with the divi, that would be a disaster.

Thought about selling up most or all of my position and decided not to in the end for better or worse.

Meconopis, re "But there was a requirement to disclose the value of commission payments."

I thought this was about how much interest was being charged, with cheaper rates available and not offered?

Whenever I have brought anything on tick (fortunately not for many years as always just like to pay cash), you see the interest rate being offered and take it or leave it.

Firstly Lewis loves to shout at times, wants the headlines talking billions get's the headlines.

Lewis is the one always going on about people should haggle often (and correctly) saying customers should on broadband, mobile and so on go for a better price or threaten not to buy/renew etc.

Car salesmen are not a charity - their job is to get best deal they can for themselves.

Not immediately offering a customer the very best deal possible is surely not a crime?, setting that as a precedent could affect many things people buy - furniture, double glazing and so on. So can we expect claims on all this in the future?

Apart from this what this is all about was not apparently illegal was it?

IMO I really still don't see where this has anywhere to go. You go into a dealership, see something you fancy buying and then talk about how much they want for it. They come up with a price, maybe talk about how much they will give you part exchange, and you decide if that's ok to go with. If you don't start haggling it's up to you. Start walking away and almost certainly you can expect some more negotiation. The dealership won't want you walking away so if they have cheaper alternatives then they will come up with such surely. Don't ask don't get!

Martin Lewis has been pretty useful over time in giving out info for people- but talking potentially of billions - even if he hasn't apparently worked anything out on the back of his envelope?. The FCA on this don't expect to say anything for another 7/8 months I think I read so obviously they think they need a bit of time i.e. months to assess what is involved.

Maybe CBG should put another 50 quid a week away to cover this just in case.

Well I thought that a drop from high 770s to low or sub 500s in just a short period should have generated some sort of comment even if it was re-iterating a previous statement (if that was the reason for the drop which am assuming it was). This was a horrible drop, have not particularly/closely followed what has happened with LLOY, think they popped down around 12%, not exactly CBGs 28% or so?

Seems a reasonable sum up of what is going on. Would have been nice if Close had made some sort of statement considering the massive drop in share price that has occurred.

Watched yesterday's activity for a while, got made much worse a drop because it started picking up stop losses from the look of things, which became a bit self-generating.

It's probably people trying to average down, I got some at 4.85 yesterday for that reason, hoping that the price might creep up to 6s so I can get out with not too much loss.

Me too, down a long long way, but have not lost as have not sold any. Actually took another 500 yesterday on the dip which I really hope is the last. It's a little more stable today (compared with previous days that is)