Member Info for MaryBr190

It seems that this could be a must have stock again soon.

No idea, however this has a USP which other banks do not cater for, the forgotten and a lifeline for many who would be denied finance options.

Someone will be looking at it at distressed levels. Banking sector is firing on all cylinders and this is a tasty morsel for many.

Morning Tav, loving your sarcasm but 85p is better than 37p. Usually when I hit b/e following a sharp rise in an out of the money share, I tend to trim and readd lower or trim and let ride. Plenty of ways to average down here, with risk of course, however SP is above AC for me so fine at these levels.

Hit 65p last week and then sold back to 57p, was sitting around 60/61p, then a move up that seems to be consolidating.

Either way the volumes have been 2m and 1,7m recently - over 400k volume this morning which is brisk for this share.

https://uk.finance.yahoo.com/quote/VANQ.L/history/

Almost as if there is a leaky ship.

Quiet board today considering. Everyone must be busy buying. DYOR & GL.

Getting interesting again. Expecting a bid.

With Friday's news, I can think of little reason why this is not yet up with BP. on the winners page this morning.

Can we get Elliott to buy a stake here too !

Yanks will treat this like an AI stock today

Nice unexpected move of the recent 370p lows - here goes.

James Dipple-Johnstone, interim chief ombudsman at the FOS, said: “We’ve seen more cases brought by professional representatives, but fewer of these cases leading to a better outcome for their clients.

“Currently there is little commercial incentive for representatives to ensure the complaints they bring are well-founded or have merit. As a not-for-profit service, we expend our finite resources handling thousands of withdrawn or abandoned cases, which can lead to longer wait times for other customers.

Adding on drops as a bid will happen or a recovery play.

Great place to park the CBG LGEN OTB VANQ profits. A tuckaway and add for sure IMHO.

Https://archive.ph/HFG17

Great news for sure.

Vanq will have a relief rally if there is any justice 80p+

Going to be one to watch on Monday. 20% up?

Can they make it retrospective too. After all when the spurious cases case forward from the ambulance chasers did they too not owe a duty of care to the shareholders of the company they tried to destroy. 😁😁😁

Carpe diem.

On Monday.

One of the few not to have recovered off the covid lows -rangebound awaiting the breakout

Putup

Likewise with the heavy purchases at the low prices - had multi 100ks and now trimmed to over 200k well in profit. Tucked in an ISA too so all good.

Https://www.proactiveinvestors.co.uk/companies/news/1065820/lloyds-banking-group-supreme-court-motor-finance-decision-will-be-biggest-for-sector-since-ppi-1065820.html

{Jeffries}...believe the Supreme Court may rule in favour of lenders by questioning the assumption of accessory liability in cases of partial disclosure, noting that the FCA has stated its rules were "not predicated on there being a fiduciary duty in generality".

The Supreme Court may take a different approach, they suggest, where it questions whether lenders can be held liable for merely making commission payments.

"For a third party to be held liable, it must have assisted dishonestly in the view of ordinary decent people," the Jefferies team said, citing precedent from the Supreme Court’s Ivey ruling.

"It could therefore be argued that it was impossible for lenders to dishonestly assist in the breach of fiduciary duty that neither it nor the lead regulator knew existed. It is a subtle but powerful distinction."

Three potential outcomes were outlined by the analysts, with the most severe scenario – broad liability across the motor finance market – potentially resulting in a £25 billion cost to the industry. They now see the probability of this as "below 50%".