Member Info for m007j

Firepower1, apologize. ON YOUR KNEES!

Firepower1, I want to see you apologize for your conduct on this board, on your knees.

Https://www.bloomberg.com/news/articles/2026-04-10/zelenskiy-s-top-aide-sees-ukraine-nearing-a-deal-with-putin

Https://www.bloomberg.com/news/articles/2026-04-10/zelenskiy-s-top-aide-sees-ukraine-nearing-a-deal-with-putin

Bloomberg report from a few minuites ago seems to suggests deal with Russia is very close

Zelenskiy’s Top Aide Sees Ukraine Nearing a Deal With Putin

2026-04-10

By Volodymyr Verbianyi and Olesia Safronova

(Bloomberg) -- Ukraine’s top negotiator with Russia said he sees progress toward a potential peace deal with the Kremlin, adding that a resolution to the war may not take long to achieve.

While negotiations to end Europe’s bloodiest conflict since World War II have publicly yielded few results, Kyrylo Budanov expressed optimism that the talks are evolving toward a settlement. Ukraine’s former top military spy said he believes Russia also wants to stop the war.

Joseywales, I hope you realise what you have written makes absolutely no sense at all be it "from a corporate finance perspective" or from any perspective at all.

"The market is clearly making the assumption that down the line some kind of refinancing will be needed to address debt."

What does that even mean? The various debt instruments will be refinanced as and when they fall due. There are no major maturities for 2 years. After that they are spread out into the 2030s. The company does not need to refinance the whole lot in one go. Also do not forget that Mobico has a £600m unused revolving credit facility. Which it can draw down on at anytime. Alongside £250m of cash.

Joseywales who cares about the write down of intangibles my dear Welsh lady. These are non cash items. What counts in the world of investments is cash flows and their present value. After interest, Mobico is forecast to produce the following cash flows for 2026-2028:

2026F: £79m

2027F: £122m

2028F: £120m

That is free cash flow after all interest including the hybrid. The current market cap of the company is £127m. That means if you bought the whole company today for the current market cap, after a year and a half you would have your money back and then you would own it for perpetuity and keep all the future cash flows as profit. This is a pretty unique situation don’t you think?

Birdsong what are you on about? Are you the even more intellectually impaired brother of Chid?

Knot you have often referred to the Centrica situation but what was it? The share price tanked after obviously a good piece of news for no apparent reason and then suddenly it re-rated?

Do you expect there to be a legal challenge to the FCA scheme from the banking industry? What is the deadline for such a legal challenge to be initiated?

Key issues hanging over CBG stock: (i) is there any validity to Viceroy's fresh attack on how the company has calculated its provision; (ii) will the industry take the FCA to court to challenge the redress scheme?

Viceroy has doubled down with its attack on CBG with an open letter to the FCA hence the sell-off towards the end of the day:

https://viceroyresearch.org/publications/close-brothers-fca-submission

Firepower1 I think you should apologise for your misleading conduct on this message board. And then return under your rock. Never to emerge again.

Firepower1 where are you? Under your rock I hope. What a fool you are.

Birdsong, what are you on about? What was the point of all those useless words you have written. What a waste of time

Fitch believe CBG seems to suggest CBG will have to increase its provision:

"We believe Close Brothers Group (CBG) faces proportionally higher costs than peers given its motor finance concentration. Fitch affirmed CBG’s rating at ‘BBB’/Negative in December, which reflects uncertainties surrounding the group's restructuring and the ultimate cost of the customer redress scheme".

https://www.fitchratings.com/research/banks/uk-bank-costs-from-motor-finance-redress-scheme-fall-in-final-estimate-01-04-2026

Looks like First Rand has increased the size of its provision by 3x - that is a hell of a big increase

First Rand has significantly increased the size of its provision:

https://irhosted.profiledata.co.za/firstrand/2017_feeds/senspopup.aspx?id=544210

Get back in your place Firepowe1!