Member Info for m007j

You are a fool firepower1. Adding nothing to the discussion. Your place is in the pub, trying to convince anyone who will listen that you are a great investor. I just do not have time for uneducated people like you.

This is going sub-10p!

You have no capacity for analysis, firepower1. Only the capacity to sprout simpleton views. There you are with your IG spread betting/CFD account, short a couple of grand Mobico and probably are 400 quid or so in profit at the moment and you feel you are George Soros. But in the long run you are one of the 70pct of IG retail clients who lose money trading with them. You would be advised to do some reading regarding how the financial markets work - it is never too late to get an education.

You simply have no clue how hedge funds work, firepower1. In your simple little world, there are these hedge funds who know everything and all you have to do is follow their investments and you will get rich. Akin to the chauffeur in the Hollywood film Sabrina listening in to his master's business conversations in the back of the car and copying his stock market trades. No need to waste your time thinking, doing the numbers, understanding, analysing - that is for fools. You remember Cineworld being shorted by hedge funds and then it when through a restructuring wiping out the equity and now every stock which has a short position of over 3% is the new Cineworld in your mind. The simple thoughts of a simple soul.

Classic logic from Firepower1:

"You idiots can ramble here as much as you like, banging on about the numbers, in the end you fools all got it wrong and as always the shorters got it bang on, it's all about the share price, let's have every one of you morans stating how much you now down on your dosh"

Firepower1 do you work as a bus driver? You certainly do not work in the investment industry.

Firepower1 has a simple logic. Hedge funds are short Mobico stock. Hedge funds know when stocks will fall because they have more information than normal punters. So if you follow the hedge funds you will do well. Simple logic for a simple mind.

Reeves vows to ‘take out’ more regulators amid growth push

Financial Times 10/9/2025

Rachel Reeves has said she wants to “take out more regulators” to slash the red tape the chancellor warned was hampering the government’s efforts to boost UK economic growth. Reeves told an audience of private equity professionals on Wednesday that she wanted to make it easier for businesses to build and grow in the UK and renewed her attack on regulators.

The chancellor and Prime Minister Sir Keir Starmer have blamed excessive bureaucracy and regulation for holding back the economic growth that they are desperate to encourage. “I want to take out more regulators; we have still got too many”, Reeves said at the British Private Equity and Venture Capital Association (BVCA) summit. She said the government had already acted by “getting rid of the chair of the CMA”, referring to the ousting of Marcus Bokkerink as chair of the Competition and Markets Authority regulator in January. She also pointed out that the Treasury had been “getting rid” of the Payment Systems Regulator, which was abolished in March. The government had “severely constrained” the Financial Ombudsman Service, she added. The FOS has faced criticism for the way it awarded compensation to consumers affected by the mis-selling of car finance. Reeves said the organisation was “not a regulator”. “They are meant to be a resolver of complaints,” she said. “Their role has grown too much.” Reeves announced an audit of Britain’s 130 or so regulators in February, promising to look at whether some should be scrapped.

The Payment Systems Regulator is the only one to have been abolished following that audit. Its operations have been merged with those of the Financial Conduct Authority, with which it already shared many operational elements including its headquarters and IT systems. Reeves also reiterated her support for pension reform and a new scheme that could encourage more funds to invest in private capital, based on France’s successful “Tibi” initiative. The chancellor said the BVCA was “pushing at an open door” by campaigning for measures to ensure pension funds invested more of their assets in private capital. Reeves was talking amid intense speculation the City will face a fresh tax raid in the Budget on November 26 to boost public finances.

In her speech, she defended her previous Budget, last autumn, which was heavily criticised for imposing unexpected increases in employers’ national insurance contributions. She said of her decisions on several issues, including the treatment of private equity carried interest and non-dom taxpayers: “I think I got the balance right last year”.

She added: “You know I have to make a new set of decisions this year, but, you know, Keir’s been really clear — growth is our number one mission.”

The article on NCC Group is behind the paywall.

GenghisInvestors - you are still going on about the German rail business although it accounts for just 2% of EBIT. My friend you are a moron. Get a life or better still get a an education and stop wasting our time with your brainless commentary.

Would be very interested to hear Chid's take on today's select committee proceedings. I hope managed to go out on his minicab runs a bit later this morning in order to catch the event.

Ashtead posted a trading statement today

The truth is we are lucky to have Libert2 and knot on this board. Both are clearly financial services/law/City pros who give balanced arguments support by facts and rational thought.

Manfor - the problem with relying on The Daily Telegraph for your economic analysis is that you will come away with zero nuance only the conviction that an IMF bailout for the UK is inevitable. Although the UK economic situation is far from rosy it is in no way heading for an IMF bailout. You forget that we have our own currency in the UK and our own central bank unlike Greece, Ireland and Portugal during the Eurozone crisis.

Can you imagine a discussion with Chid about the nature of reality? I would pay good money to see such a spectacle.

Thanks Chid - I guess as a minicab driver you occasionally pick up important people and get a chance to speak to them. So your opinion here is much respected.

Liberty are you saying we could be see pretty soon the current head of the FCA getting fired and being replaced by someone who abandons the whole motor finance redress scheme. It was strange to see the current head of the FCA come out all guns blazing straight after the SC judgement especially after it seemed that the mood music from the government in the run up to the SC judgement was for regulators to lay off the banks.

Savage - you are a waste of space. Stop posting - this board is for Capita shareholders. You are making a fool of yourself!

FY results due to be published by CBG next month could contain news of significant cost cuts. My estimation of Central Group costs for CBG for 2020 to 2024 are as follows:

2020: £13m

2021: £14m

2022: £21m

2023: £26m

2024: £45m

Clearly the £45m in 2024 is largely because of the extra legal and administrative costs associated with the motor finance saga. Also, between 2020 and 2024 there really was a “Group” because back then CBG had three divisions: Banking, Winterflood and the Asset Management division. But going forward there is no group so to speak because the asset management and Winterflood businesses have been sold off. What I am saying is there is very significant scope for cost cuts. In fact, I cannot see why central costs should not halve from the £45m total in FY 2024.

NiharRoy - management cannot buy shares because the company is in closed period ahead of results next month. At the results they will outline their new forecasts for the business in light of the recent disposals and plans to rejig some lending lines. The investment game needs patience. Most of the time is spent waiting and this is where most people fail - they just do not have the right temperament. You would do well to avoid checking the share price too often my friend. The question is simple. Is CBG cheap at the current 0.45x book value (vs around 1x for the rest of the Uk banking sector)? 0.45x book means if the whole lending book were liquidated and CBG settled its liabilities shareholders would receive more than twice the current share price. If you think this is cheap and that with time this discount will narrow then relax, wait, read a book, eat some popcorn.....

What the heck is going on with this stock?!

So bottom line is that lenders like CBG can take the FCA to court via judicial review if they feel a redress scheme imposed by the FCA is unfair. I guess the most likely outcome is that when it becomes apparent that the current head of the FCA is trying to impose an unworkable scheme he will be retired and his replacement will quietly downgrade the whole redress process to something more reasonable.