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Looks like more of the same through 2025, I doubt the markets will like todays RNS.
Kenny Wilson, CEO, said, "The FY25 outlook is challenging, and the whole organisation is focused on our action plan to reignite boots demand, particularly in the USA, our largest market. The nature of USA wholesale is that when customers gain confidence in the market we will see a significant improvement in our business performance, but we are not assuming that this occurs in FY25.
Gsa Capital Partners increase their short position on the 14th, 15th and again on Monday 18th so its likely all were done last week the last increase only reported on Monday before yesterdays rise.
A total short of less than 1% doesn't mean too much in my book.
I'm not sure how much you can trust Fitch ratings, after all only a month ago they said this when the share price was in the 130's...when the said the "Outlook was stable"
https://www.fitchratings.com/research/non-bank-financial-institutions/fitch-affirms-vanquis-banking-group-at-bb-outlook-stable-14-02-2024
The initial drop in response to the RNS seemed at the time to be well overdone but the constant slip sliding of the share price since is making me think there is more to the story than we are privy to.
I have been expecting another RNS from the company to reassure us that the 60% fall was an irrational reaction to there RNS.
I'm thinking now that there might be far more to the story that we don't yet know, as I've already doubled my holding this week I will be sitting tight, lets hope there are no more surprises on the way...
I posted the Finch rating back in late February when the share price was 133p...
I'm not sure about it being stable as its down about 80p since then ..
I've doubled my holding this week and reduced by average to 85p from 120p, just a case of waiting now..
I assume they are the shared assets, part owned by CalEnergy Resources, the farm out agreement probably was set up to protect either company in such an event as this.....
I think you might be confusing Revenue with Profit...according to the Fundamentals tab above they lost £6 million in the year to December 2022,,
I'm not invested here so might be wrong in which case I'm happy to be corrected.
I'm not a long term holder so in a better position to them but with a recovering share price and a dividend of 5p per share coming on the 21st, I doubt that now is the time to sell.
But to each his own so I hope you do well in your reinvestment. I'm happy to stick with this for the time being.