Member Info for hxulcolrdoh

Https://www.lse.co.uk/rns/VANQ/3rd-quarter-trading-statement-3it894nxg76io72.html

IMO the Seplat issue is not comparable.

In Seplats case everyone knew what was agreed/disputed and what the resolution process was.

In Savannah case no one knows what is proposed/opposed/under consideration or what the resolution process is.

Good link karv1!

Where Moneybarn has been introduced by a third party ...

"We or your credit intermediary will tell you about the amount and nature of the commission before you enter into an agreement"

"Moneybarn has never operated DiC or discretionary commission models, the commission paid to our brokers and introducers has always been a fixed fee or percentage of the loan amount."

I would have thought that the main question is

Did MoneyBarn pay commission to brokers (car dealers) to place business with them on behalf of clients ?

If not I would have thought the issue is a complete irrelevance. CLARIFICATION FROM THE COMPANY IS IN ORDER.

If they did then there is a supplementary question ...

Maybe I' out of date and I'm speaking from an Insurance point of view (though I don't see why a credit finance transaction should be different ) - did the broker conduct the transaction correctly ie did they do one of two things

1) declare up front that they had a special relationship with the finance supplier ?

2) compare the meerkat/market to find the best deal.

In the insurance world it would be the brokers responsibility to 'keep things above board'. Having ticked one the above two boxes this does not extend to the insurer publishing details of brokers commission AFAIK. If it does, the insurance industry is probably dead in the water should this judgement stick.

A further update by mid to late December should rather appropriately take us into pantomime season.

I was thinking of the TMS legal shenanigans.

In any environment where there is an absence of friction / zero cost to gaming the system - there is likely to be abuse.

There should be no cost to resolving valid claims. Conversely there should be a cost for time wasted on bogus claims.

Solution : a claim should be accompanied by a refundable administration fee that is refunded if the claim is upheld. Otherwise not.

The incredible news is about to land.

I'm sure it will make the 2 year suspension seem worthwhile.

In March Vanquis DID NOT say motor finance claims would substantially impact their profitability.

They did highlight that they are being tortured by one cowboy claims outfit making general and spurious claims.

As far as we know (though clarification from the company would do no harm) they are not in the business of paying car dealers commission to channel customer finance to them as per the other organisations listed.

Nothing to do with anything particularly - just an insight into AWE's target market

https://www.youtube.com/watch?v=Jf8EPSBZU7Y

As someone quipped in the comments "Finally, a system that meets Windows Vista's minimum requirements."

Good article Afamefuna.

"told shareholders that the receipt of transformational funds was imminent. However, no such funds have yet been received by the company."

"In January this year, San Leon said it was in talks with a new potential investor after a deal inked with a different backer last year faltered."

"The company said funds from a $187m (€173m) deal, that it said in 2023 would be “transformative”, have so far failed to materialise."

"At the time, San Leon expected to make an announcement regarding that new investment within days."

"the company then spoke to other investors and in March said it expected to complete a major refinancing by the end that month."

"In June this year, it told investors it had been made the beneficiary of a €500m German government bond and would use it as security to obtain finance from a third party. It expected to announce details of the refinancing within two weeks."

"San Leon is due to pay $7.7m by ­November this year in respect of certain decommissioning liabilities connected to the Seven Heads gas field." Ha, Ha.

I know exactly what you mean Petr_

In recent years VANQ have been world class at disappointing to the downside for which we have to thank the previous CEO Malcom Le May (a world class bluffer) ably assisted (not) by his batman Neeraj Kapur the former CFO.

I'm hopeful (famous last words) that shareholders will be much better served by the new team. God knows LTH's are overdue some respite.

Nov 7th is simply a Q3 update rather than results. Some positive news re the cowboys at TMS legal would probably be helpful.

Design win blurb ..

"Five new design wins from new and existing customers who are share leaders in connectivity and compute end markets. These design wins included 4nm and 3nm technology and included high-profile design wins with Arm-based chiplets leveraging UCIe IP.

In addition, the Company secured two new designs wins with Samsung foundry, where Alphawave is the leading connectivity provider,

and two new design wins with share leaders in the data centre optical connectivity market".

"capacity of up to 250 MW" - will be useful when the wind blows. Lets hope the locals are not driving about in BEVs.

What are the odds that they will pay for the power if it comes on line ?

( I remember Victoria Oil & Gas. They developed a gas field on the doorstep of Douala the largest city in Cameroon including the infrastructure to generate electricity from the gas. For the power starved economical capital of the country It seemed like a 'Win Win'. The only problem was that while the local electricity utility was happy to take the power they thought the concept of paying for it was absurd.)

About 57 cents per share have been siphoned off to deliver a 44.2% interest in Karo Platinum to Medway developments and 40.8% interest in the same to (non Medway) Tharisa shareholders.

I wonder what the payback period is ?

Https://newsroom.arm.com/blog/arm-and-alphawave-semi-unite-on-6g-chiplets

Some good presentations from the Alphawave team

1) Tony Chan Carusone, Day 1 13:00: Keynote: Connectivity for AI Everywhere: The Role of Chiplets the

https://www.youtube.com/watch?v=i1etrn0rsfY

2) Letizia Giuliano, UCIe Compliance Validation Journey from System Simulation to Silicon

https://www.youtube.com/watch?v=lqsv6aIt_cQ

Https://www.youtube.com/watch?v=bRl_sBg6GX8

RR : Re "We are burdened with huge extremely expensive debt"

SAVE are interested in what can be, unburdened by what has been ?

https://www.youtube.com/watch?v=Ovi_raayD44

Are we eagerly awaiting the next disappointment from this sorry excuse for a listed company next week ?

A recording of the webcast for those that missed it

https://www.youtube.com/watch?v=f6wWGPNk3z4