Member Info for HorisM

@Paulwood, you certainly saw the action. will keep an eye on you moving forward to see opportunities.

The cases already brought up were thrown out by the courts.

This is just the FCA re-opening the investigation as a new review.

The whole thing is complete BS, the end users signed contracts and knew what they were getting into.

The whole thing is BS. The contracts were signed and consented by the end users.

This is just the FCA flexing to show worth, however legally they have no real ground.

All the cases have already been through out and just the FCA trying to justify their existence.

The BoD took the appropriate action with the dividend stop, however the FCA investigation is complete BS and just them flexing.

Fact is the interest and contracts were clear, and all previous cases of consumers complaining were dismissed.

All this has done is great a fantastic investment opportunity, the company is making £94m a year profit against an MCAP of £500m

Looking through the charts the drop was well overdone, they placed aggressive low prices yet there was few sellers.

the whole way down was a minimal amount of low prices and few sells, and there was a big buy sat waiting at the bottom.

give this a day and those with holdings from the 500+ will start loading to average down.

The company is expecting a nice AOP of approximately £94 million, after Group (central functions) net expenses.

Expect that the FCA will come to little, the insurance contracts are solid and the terms are clear, its all sensation storm in a tea cup stuff. The issue for Close Brothers is the grey clouds why the investigation is open.

However, for any big firms this is now a great investment opportunity, as a fund to lot up on now and hold for a couple of years to make 30-50% profit. We should see some large loading by the end of day.

2 year investment window with dividends back = £££££ lots of profit from here

Marshall Wace slightly upped their short, this would have been a push down factor.

However, we have reach a floor so they will be looking to unwind their short position now.

Are you bothering to read the tape? the shares are being bundle bought, and the sells have dried up.

this is now sideways action until a big buy is placed then it would jump 15%

Even with the FCA things, the intuitions will be looking to load up here for a long term hold.

Looking at the weighting this should end up at 500's within a couple of weeks.

Institutions are loading - easy pay day from here

From 600 to here was a massive tree shake, and now the institutions / MM are at the price level they want 400, they are filling up and buying any freefloat.

Any investigation will take about 2 years, as they will need to get complaints, have each case followed up, reviewed etc.

Looking at the period of review the contracts would be solid and clear, and given that PPI was being investigated, all contracts and practices would have been changed to avoid issues.

the whole case is utter BS.

Storm in a tea cup, the contracts the end user signed are clear and its just sensational headlines.

RBC are complete rubbish, just speculation with their numbers.

The business is in a broadly good state, £9b held in trust, and making profit consistently.

Great buy and hold investment.

Massive institutional buying zone.

Nice clean up buys coming through.

Price consolidated:

13-Feb-24 15:50:00 399.115 50,000 Unknown* 392.00 392.60 199.56k O

@Reddukeclothing, can you show what you are seeing please?

maybe im missing something, however it looks like a shakedown and hoover up job to me.

Buy fill orders are being filled at the moment.

chill out, this will re-rate to 450 fast once the orders are filled today.

Taking all things into account this share is very under valued at the moment.

expect some big institutional buys today to start filling buy orders.

Apologies, I see that the 57K is their total holding.

however, still glad to see a £5k buy from Will and a £2k buy from Nick.

Still shows confidence from the people who know the business the most that things are good.

More good growth of core system assets

https://www.business-live.co.uk/enterprise/good-energy-snaps-up-solar-28613864