Member Info for Justbeing

The fact they’ve published the letter smacks of desperation. Serious accusations/concerns would presumably be made formally in private and not publicly offering up help with analysis because they’ve taken a position and it’s gone against them. The thinly veiled insinuation that there analysis is more relevant over all others won’t work well in their favour.

Apart from all that why is Viceroy so influential? Am I missing something ?

‘Quite’ is doing some heavy lifting in that sentence.

Do I hear Birdsong? Could it be a cuckoo?

Hearing the first cuckoo in spring traditionally signifies the, arrival of warmer weather, new beginnings, and good luck for the year. Historically, it marks the start of spring, often bringing luck, fertility, and financial prosperity to those who hear it, particularly if they have money in their pockets at the time.

Reeves is advocating the take up of Stocks and Shares ISAs and as a result reduced the cash limit to £12k . It would be a big contradiction Reeves encouraging people to becoming shareholders and then kicking them when they take up her advice.

Your theory regards HMG is simply wrong , if anything they have enough issues to contend with most of their own stupidity but now compounded by Trump so the last thing they want is to start adding to their list of issues a fight with FCA. If they did the noises suggest it would be to ease regulations.

The outcome now solely rests with the banks to swallow the FCA’s nonsense or go for a JR. I hope it’s the latter not just for my holding in CBG but because I am pig sick of the compensation culture to cover the failure of consumers to shop around or negotiate.

I ‘d rather go through the pain of watching a Trump

Speech than be forced to watch Lewis wet nurse consumers who’ve not been ripped off they just chose to be lazy and not get a personal loan or PCP direct. Any idiot should know why the dealer pushes finance and will offer sweeteners if the consumer takes it up , it’s hardly rocket science .

Having a point of view doesn’t make it valid. HMG pass the laws not for others to act outside them otherwise it makes a mockery of the whole legal process and how laws are passed. Time will tell.

My long held understanding is that it’s irrelevant as it’s way beyond the statute of limitations in fact any claim prior to 2018 (generous)!should be written off by claimants as they have not acted within the 6yrs laid down by the statute that states claims must be made within 6 yrs.

On the flip side a Bank who fails to chase a customer’s debt by itself or that sold to a debt management company cannot claim if outside the 6 years even if the customer is slippery and changes address or untraceable by other means.

The customer/ consumer can’t have it all ends up and work outside the statute of limitations when it suits them and in this case a fact the FCA and Lewis to the best of my knowledge fail to mention.

Im my opinion consumer champions often act in

their own interests to increase their ratings , profile and value when it comes to jumping on the compensation bandwagon. It is beyond reasonable that claims prior to 2014 are being supported let alone considered and arguably any claim outside the 6 year claim period.

It remains to be seen if they will act on car finance becoming more expensive as banks attempt to recover losses in the same way insurance companies openly do so. I have my doubts.

"Now we need everyone to get behind it and ensure millions get their money this year. Payouts should not be delayed any longer, especially as household bills come under greater pressure.”

Household bills coming under pressure ? Rathi almost makes it sound like a benefit handout than compensation. Benefit may be a better description as the flat rate due to be paid to complainants will I assume be far in excess of their loss.

What I know about the law wouldn’t fill the back of a stamp but surely a claimant should not be compensated beyond their actual loss assuming there is no intangibles like emotional distress prior to being aware of paying a bit more for their car finance?

I cannot see any reason why the banks should not contest this decision.

If you can make one heap of all your winnings

And risk it on one turn of pitch-and-toss,

And lose, and start again at your beginnings

And never breathe a word about your loss;

Best wishes

….night follows day

In many cases taking finance would be a good tool for the consumer to negotiate a lower purchase. Essentially the dealer is taking some of the commission they earn and deducting it from the price of the car and also lower interest cost to the borrower.

Consumers cannot have it both ways and any commission claims should be cross referenced to the transaction and price reduction , increase in part-ex figure or any other free or much reduced extras and offset accordingly. The consumer cannot be in a win win situation- that is unfair!

A range of £9bn to £18bn is ludicrous and smacks of sticking a finger in the air.

I would very much like to echo those comments - most of the company threads on this site is like a stepping into a nest of vipers but this has been wholly different, balanced and educational .

Ultimately is the downside not already priced in despite possible short term negative over reaction come Friday?

Betting against the crowd can prove very beneficial as in many cases it is indeed psychological and the old fear of missing out but still need to be wary you’re not catching a falling knife.

After reading the RNS my immediate thought was that GR is either chilled or sweating - the agreement is seriously skewed to Canmax but only if targets are not met. Imo its backs to the wall stuff and if anybody was looking to invest in a company who had issued an RNS like this then I suspect they’d walk away but for LTH’s hopefully most are sitting on a bet to nothing having sold part of their holding at some stage to cover original investment.

I’ve dipped in and out of Prem for a few years - not trading, just cautious and with more than a soupçon of FOMO vs FOLS (fear of losing shirt) . I value all opinions positive and negative that are backed up with explanation or a perception of perceived expertise who show balance in their shorter posts as oppose glibly consistent forecasts in either direction.

That’s why I value Raydaar’s input as much as Acker’s , Snowking’s and such like. However, openly dissing all well explained opinions is madness and what really matters are the lines between the RNS’s and hence why I sold out at 0.61p . A GLA sign off on any investment smacks of gambling and a sentiment I never see in eg : The Investors Chronicle.

Just seen that my stop loss or essentially get out even invoked earlier at 0.60p and now rallied by 5% from opening drop. Bit disappointed to be honest to be out but concerned there will be further need for cash injection- plant improvement costs will be foc but all other costs will still need to be covered and in the meantime and a bit like my home improvements I was mindful to budget an extra 50% over original quote but that has gone thx to various factors - will Prem’s latest estimates have any headroom? Experience suggests not. Personally, I need to see how out it plays out but with a degree of fomo.

When there is an overt trend to sell that is the time to look at a buy opportunity and vice versa to paraphrase Buffet. Afterall, what are stop losses for?

Underwhelming

He drinks a Whiskey drink, he drinks a Vodka drink
He drinks a Lager drink, he drinks a Cider drink
He sings the songs that remind him of the good times
He sings the songs that remind him of the better times

Roll on 10th May Tubthumpers .