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Reading an FCA report and seen various legal companies touting for work Im actually of the opinion these claims are going to happen.
Based on some other claims sites it appears average PCP finance compensation is around Β£3,000 so far, but some motorists have been able to claim as much as Β£10,000. The amount you receive is based on a reimbursement of the finance that you have paid so far and 8% compensation on top
The FCA is looking at finance plans used to buy a car before 28 January 2021.
Personal contract hire (PCH) plans are not affected.
It has decided on two cases, and in both found that the way the commission arrangement between the lender and the car dealer worked was unfair to the consumer.
The FCA is clearly concerned that these are not isolated incidents.
Im going to take a cautious approach here as I'm of the opinion this has further to fall.
I've been looking at similar workings as I thought 200m sounded quite low. The market has priced in a far greater amount.
I think it's all crazy. I may raise an issue with FCA because I've chosen to shop at Waitrose for several years and as I could have made the decision to shop at Aldi I want to make a claim for the difference in the price of the apples I've purchased π
Anyway. Let's say worst case FCA says we gotta pay it back. I would start off with using the same rates as the PPI:
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PPI pay-outs are made up of: the compensation (which is the refund of the PPI premiums paid and the interest you have paid on those premiums), and. the statutory interest on the compensation, at 8%
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What's the new value now??
This may be true for US stocks but I can't see UK stocks losing 30%. They're already worth peanuts. Another 30% down and Joe blogs will be able walk in and buy Lloyds outright πππ
Can someone point me in the direction of this 'bad news' please....
Great start, the only SP in my portfolio green today. Could we be 110 today close???
Maybe wishful thinking but the party hasn't even started yet!
It's trying and keeps getting pushed back down. Finishing this week above 100p would be great....
Don't worry, think I was being silly. The customer accounts are treated as liabilities....
Hi all,
Really looking at this stock, love the growth outlook and low price with fantastic margins. Everything ticks the boxes apart from one thing I'm struggling with and hoping for some guidance.
Listed on their short term liabilities is 1.2billion. I can't find what this is for, when it's due and what they are paying in interest at the moment. It's a hefty amount and with higher interest rates could play a part with reducing margins.
Has anyone looked at this and can point me in the right direction?
61p please
Looks like I caught the bottom π
Let's hope it's all positive leading to results. My first target at present is 100p. I will then assess this when results are published.
GLA
They will find it. Will be invested over several years. I feel BA has lost its identity in recent years, if it can claim top spot it will deserve a premium and be more of a target.
My only reservation is that some of the middle east airlines have rather deep pockets and already too far ahead that 7Billion won't get us there.
It's good to see a plan and focus though and as a share holder I support it
I sold some time ago and this has been a blessing. Just took my first tranch to buy back in should the bottom not yet been hit.
The company is expanding sales, selling to a market which unfortunately for the people seems to be getting worse and now also introducing buy backs. The risk reward here is minimal at these levels.
With a p/e of around 3.6, debt going down and less than half the market cap it was not long ago it's only a matter of time.
They are making some good head way with Mercedes and also growing in the housing sector. I believe the down trend has been because growth has stalled but it's been way overcooked.
Also in these ranges wouldn't be surprised to see another approach.
Love the fact this is relating to US tech campanies, agreements with three of the five largest and has a huge growth story to play out.
Just brought in.
Won't be long before someone suggests Β£1
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Β£1 by Friday?? πππ
Looks like we are getting a knock on effect. We have so far to climb still too!
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RyanAir has jumped 7.1% after it said it will pay its first ever dividend after profits hit nearly β¬2.2 billion following increases in passenger fares.
Europeβs largest discount airline said it plans to hand over about a quarter of its annual profits to shareholders after benefitting from a record summer of passenger traffic.
The airline forecast a full-year profit after tax of between β¬1.85 billion to β¬2.05 billion for its financial year ending in March, which would be a record.
It said it will pay a dividend of β¬400 million and plans to give around a quarter of its annual profit to shareholders in its financial first-half results, along with a pledge to consider special dividends and share buybacks in the future.
Ryanair carried 105.4 million passengers between April and September, another record for the summer season.
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Onwards and upwards!!
I've read in several reports over the last few months one of them involved Barclays having carried out an independent review on how to improve the SP. If I recall the report came back saying large cash flow next year which is recommended to substantially increase buybacks.
This is what I'm anticipating.
I too am not at fan at 6Β£
Its far too cheap and while I may make a quick 50% capital gains on my money I would have easily got that in appprx 5 years with the divi. I invested for long term reinvesting dividends which I planned to keep for the next 20 or so years.
Oh look at me, moaning because it's going up in price ππ
With near 10% dividend any offer would have to be a huge premium to the current SP. I do hope the rumour is true as it may put some life back into this insurer...
With divi paid and a rumour brewing tomorrow could be a very good day!!
Why do you keep rating it as a sell?