Member Info for lancebombadier

Agree totally and your position pretty well reflects mine and I suspect a large number of long term holders . In conviction terms ( always a perilous position ) I believe there is and should be a responsible provider of financial services to people who cannot access responsible credit facilities . The market is there and I believe our government has a responsibility to assist in this area . Credit is hard~wired into the worlds financial structure . VAN I believe can provide this and to be fair Provident in the old days could as well (with some reservations ) . The moral case is strong too in the sense that ethical credit challenges the cowboys and illegal money lenders who inhabit this space . VAN has a really good CEO and the staff in both Bradford and Newcastle are excellent . I honestly believe that long termers will be rewarded once all the spivs are ejected from this investment . Fingers crossed .

Thanks it is to me intriguing because it is so consistent

Your addition and mine probably sends it downwards . My experience too

Can anyone enlighten me . Why are there consistently more buys than sells yet the price steadily decreases? Forgive my ignorance

Another friday sell off ??

Another wee top up for me at 50

God help us if there are ever any more reported sells than buys !!! We will be wiped . Another small top for me at 49.2

Topped up at 44.6 .Now averaging 54 . Sell off petering out ? More in hope than expectation

I just dont get it . This is no basket case like NSF and Morses . Robust denials about motor finance seem to be falling on deaf ears . Panic selling is a natural instinct I know but this steady sell off seems more organised than just panic . Surely the banking model is good and the concept of opening credit facilities to those traditionally denied is sound with robust checks in place . That market is there and always has been there and both morally and financially needs to be satisfied . The savings products are very good and from my own experience customer service from Newcastle outstanding . Something is not quite right here and if this declines because of ambulance chasing then the regulator needs to be involved . Any views ?

Another top up at 51.5 and will buy more if below50 today .

Topping up at 55.5

Have topped up again fingers crossed

Hope over expectation ?

Agree totally .I buy this systematically for my ISA and regard it as a core holding

Sold yesterday as well at 720 making a loss mitigated slightly by divi . Disappointing investment for me

The spread puts me off

Me the same !!!!!!!!!!!!1

Very tempted and have been tracking this one but a little nervous . Will dip in at 75

VM is a very poorly run bank from my experience , They cannot meet the 8 week response time for complaints because of poor staffing levels . Their customer service is woeful . I was previously a Clydesdale Bank customer ( from about 1969 ) and cannot believe how poor this legacy operation perform .

If we go bust as a bond holder you will be in the line of creditors waiting for a payout . You will be slightly ahead of ordinary shareholders but dont get too excited . No protection from anyone . No risk no reward .