Member Info for m007j

Actually, knot suggested a while ago that Chid was a bot. Given his mangled syntax it makes sense Chid is a poor quality Lada level of sophistication Russian bot!

Chid is a mini cab driver. He messages on this board using words that sound kinda Ok but when read together they make no sense. Chid you must understand that it is not enough to just use the right words. They also need to be in the right order if you are going to communicate effectively. Maybe stick to running your mini cab/uber…

Before Friday’s SC judgement, when the total liability to the U.K. banking sector was estimated at £40bln, CBG came out with a £165m provision. Now that the FCA say it will cost a maximum £19bln, but probably closer to £13bln, something tells me that the liability to CBG is going to be less than half £165m.

Actually, on second thoughts, maybe Chid should reflect on the socioeconomic order of things, take account of his lowly profession and taylor his utterances to reflect his station in life. Because he is beginning to sound a tad presumptuous in his posts of the past hour or so. Do you like to eat cake, Chid?

Of course, Chid has the right to an opinion. I hope my attempt at self satire was not taken the wrong way. If it has hurt people’s feelings I apologise.

MrBond007 - by making that last post my aim was some self satirising humour. Hence the over pompous tone. I was mocking myself….

SG0911, you have to understand that Chid is a mini cab driver and knows no better. You cannot expect him to understand issues related to the prices of securities traded on the international financial markets. It’s like in the film Remains of the Day when the butter Stevens is asked a question regarding the effectiveness of liberal democracy - Stevens knows his place and answers that he does not feel qualified to help. Chid would do well to take heed of this.

Manfor, nice try with those voodoo finance calculations but no amount of spin is going to help you get out of your short position. At 400p, CBG trades at a discount to its peers of over 50pct. This will soon narrow and it is going to hurt your short position. And the pain for you will start at 8.01am tomorrow morning. Good luck mate!

Chid - surely you have an airport drop off this afternoon. You should get double fare especially on Sundays. Run along now and leave the complicated stuff to those who understand these things. No offence mate, but isn’t this stuff a little above your pay grade.

The cost to CBG of compensation will now be a lot less than the £165m provision the company originally set aside. Following Friday’s SC verdict that is for sure. What happens next is that the huge discount CBG trades at compared with other U.K. bank stocks will fast start to narrow. Starting tomorrow.

Price to book valuations:

NatWest………….….1.1x

Lloyds………………..1.0x

Barclays………………0.7x

CBG……………………0.35x

At 800p, CBG shares would trade inline with Barclays. Keep in mind, historically CBG shares have always traded at a premium to NatWest, Lloyds and Barclays.

Chid you are an utter moron. You have been posting utter drivel for months and now you claim you we right all along. Go back to working as a mini cab driver and leave stuff that is intellectually taxing to those with some capacity for rational thought.

Knot - that spoof game sounds like you are a veteran of Salomon Brothers. Maybe you are John Meriwether although I imagine he is not likely to have great interest in UK stocks. Either way thank you for your top notch analysis on CBG.

Chid - your attempts to talk down CBG's share price have had all the subtlety of an elephant pleasuring a mouse. Clearly you are short and are one of those muppets who has found the website which lists the most heavily shorted stocks by hedge funds and use the logic - well the hedge funds know what they are doing so I will blindly follow them without understanding how they operate nor the many trading strategies they employ. Your capacity to contradict yourself within the confines of the same message is unique and leaves you sounding like a total buffoon. I have come across garden vegetables with a greater capacity for rational thought than you.

Feels like the post below was written by AI.

I ask again, does anyone have any idea what proportion of Capita's business is impacted by the Ofgem investigation?

Does anyone know - what proportion of Capita's business is impacted by this Ofgem investigation?

Oh, the RNS says it will be at 4.30pm.

Where does it say the announcement on 1 August will be at 4.30pm? Surely it will in the morning.

Chid your capacity to post utter nonsense is truly astounding. I suspect you have never had a logical thought in your entire life. Please explain to me how a decision by a democratically elected Chancellor to remedy a judgement which has the potential to inflict major damage on the economy can be viewed as an "undemocratic step"? Your posts are pure drivel.

Winterflood Securities is a loss making business. It is not the family silver. CBG has secured a great valuation that is for sure. Please note that both Lloyds and CBG shares rallied strongly not at the open but together just before 9am which was around the time the Guardian article was published.

Chid - the article clearly states the exact opposite of what you argue.

"Crucially, the Treasury is understood to be weighing whether the new laws could be retrospective, meaning they would cover old cases and contracts and therefore slash a potential £44bn compensation bill for lenders such as Lloyds, Santander, Barclays and Close Brothers. Retrospective legislation would also ensure the scandal does not balloon beyond car loans, and potentially expose lenders to complaints over commission payments across other financial products, like appliances and furniture".

Do you know what the word "retrospectively" means?