Member Info for jedclampit

JEFFERIES RAISES COUNTRYSIDE PROPERTIES PRICE TARGET TO 454 (422) PENCE - 'BUY'

So some are doing ok , it will be CWD 's turn next

The Berenberg note is unfortunate but it is their view. At present the outcome of the FCA review is uncertain and it is also not certain at present whether Roadside Assistance is in-fact covered. The FCA review as you may know is a broader review initiated by the CMA on the back of a super-complaint from the Citizens Advice Bureau last September around the issue of loyalty penalty for vulnerable customers. The complaint from the CAB, https://www.gov.uk/cma-cases/loyalty-penalty-super-complaint covered mobile, broad band, saving accounts, mortgages and home insurance. The CMA instructed separate regulators and in the case of home insurance the FCA to conduct a review on home insurance which has now expanded to General Insurance. We are still waiting to see what the output from FCA’s assessment will be but we believe it will be some time before the end of the year. We remain fully compliant with FCA on all our pricing practices across Roadside and Insurance so any change from the CMA on the back of the FCA recommendations will be industry wide.

I’m sure you will find that Berenberg are not as pessimistic on the outcome of the FCA on all the other telecoms, insurance and banking stocks under their review. Analysts tend to work in silos.

We will continue to monitor the situation and remain committed to treating our customers fairly.

As far as I can see For half year was £491m
of which £418m for roadside that must mean the Insurance side was about £73m.
So if that was such a small % why should this new report have such a big impact on the sp.?
Are Berenberg reading more into this than needed.

While an interim report was due from the FCA in summer 2019, this is yet to be published. The AA has stated that it believes this is 'imminent'," said Berenberg.
However, while the interim results showed Berenberg that AA's turnaround strategy was progressing to plan, the analysts continue to believe that risks stemming from the FCA review more than outweigh any upside from improvements in the operating business.
So is this done every year and if so it must have some if any effect on all insurance companies like saga as well.
So if this has been expected for months why is it that Berenberg have decided to reduce the price target now after such a good int results from AA.
Are Berenbergholding this back to buy in at a cheap price.?????

So what's going on with the sp today.
Yesterday the market and AA. went down but following a good set of results and the rns today about Uber I cannot see why the sp has gone down more.
Any ideas??
We are making significant progress on our strategic plan and are building operational momentum across the AA, including our strategic partnership with Admiral as well as the launch of Smart Breakdown in Q4. The Uber partnership gives us more momentum."

Can we make 80p then ?

WOW, that's really good sales up, profit up etc etc , should see sp going up to 80p + now

Does that mean the government has declined the money

Meeting this morning, let's see what happens

That's funny my last post went through is it because I didn't mention tcg or the gift / loan on it.

Why are so many posts just being deleted as we post them?
this is my 4th post so far

I guess we can look forward to an rns first thing monday morning.
It will either be good news with another loan agreed or Admin.

Now TCG tries a last ditch appeal for the £200m and goes to the government.
So is this a loan from the government to sit in an account as a G/Tee in-case it’s needed as a bail out to just see them through next week until they sell tcg to Fosun, a private company.
Will the government (us) ever get this money back or will it just get used by the banks, if it is just a loan and may not be needed why doesn’t the banks or Fosun pay up the extra.
Come on Government do NOT pay any more money because it they go bust by Monday you will never see this money again, and it’s just another ploy by this bod’s to use other people’s money or push the blame. Away from them.
When will this end.!!!!!

So what's wrong with us over 50's being both swingers and british , and young at heart?

I hope you get your flight etc but I have lost many thousands of pounds in shares just like others and let's not also forget the employees shares etc all being wiped out completely.

Why not just give the total £600m straight to tcg and pay off some debt.
First of all these directors need shooting for all their poor work, don't forget they are still being paid millions and will probably get a nice big fat bonus for sorting out a Fosun deal as well.

But if they get the extra £200m agreed it will go into their bank account now will it not, and as such could be used or taken by the banks at any time if the banks are in control.
So it may not be there in a fewdays / weeks when needed.

Can only see the spread getting much bigger today, could be 1p -2p spread very soon.

So they have about 2 days over the weekend to find another £200m and could be gone by Monday morning, so surely this stock should be suspended tonight and only brought back if a deal has been reached by Monday.
3 hrs to get your money out.

Come on it's about time this B****y stock moved up to 40p -50p, we are making a profit we do have some debt but not as much as many big companies and the pension is in surplus so this must be worth 65p of anyones money in a buyout.