The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Confident presentation. Right team right time and right approach.
Looking forward to seeing and investing in their new products.
Although I do think the shares at the current prices are going to reward more than the 5% rates in the bank.
This could be up by 20% alone in the next fortnight.
The bottom is firmly in.
Https://www.proactiveinvestors.co.uk/companies/news/1044141/vanquis-banking-group-upgraded-but-risks-remain-says-investment-bank-1044141.html
Panmure Gordon has reversed its November downgrade of Vanquis Banking Group PLC (LSE:VANQ) on the back of the lender's prelims - although the stockbroker recognises that 'risks remain'.
It has moved 'buy' from 'hold' on shares in the credit cards and loans group, which it values at 75p - around a third more than the stock is worth today at 56p (up 8.5%).
"What is more important by far is the company’s objective of getting back to earning a mid-teens RoTE [return on tangible equity] by 2026," said Panmure in a note to clients.
"We believe that this equates to a business making around £100m of adjusted PBT [profit before tax] and close to 30p of adjusted earnings per share.
"Risks remain high – there are the invidious attentions of a CMC to negotiate – but a potential PER [price-to-earnings ratio] of under two times suggests also that there is more than enough opportunity to offset that risk."
Not surprised after JW showboating. Even if he offered to do it for free, I too would have looked elsewhere.
JW should concentrate on the finance deal in place and removing the negative audit statements.
Long overdue John.
Indeed they have. Always a good sign.
Not pocket money either. Pity they missed the 720p price :)
27-Mar-24 25-Mar-24 Buy Shriti Vadera 771.89 GBX 50,000
27-Mar-24 27-Mar-24 Buy Anil Wadhwani 752.84 GBX 57,435
27-Mar-24 27-Mar-24 Buy Anil Wadhwani 74.94 HKD 11,700
1
Light at the end of the tunnel - FSA progressing to pass FSA costs of unmeritous claims back to the Claim companies. Moving with pace
2 Making an unmeritous claim can effect the claimants credit rating, the CMCs do not care but the claimant will.
Fight back.
Even have an AI angle. This Snoop app sounds like manna. This Gateway platform and also the link to the Pharmacies and Pawnbrokers seems to be a low risk method of helping a certain customer that most banks ignore.
Looking forward to seeing the new offers due to be added, the 90 and 120 day offering and an ISA offering. Perfect timing.