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Buy sub 9 / 9.2,in the build phase.
Taverham anything is possible. In the next months we have sell in May perhaps. There will be a correction at some point so have started building cash position. In a crash, JD. will be on the radar to rebuy.
Looks like FSTE will hit new highs.
Great week for so many, JD. SPT SFOR and so many stellar moves incl GNC IAG RR. TUI OTB TRN
Mobico, Rank and SSPG.... expecting bid action as well a GNC.
Guinness
I suppose you have a large holding here? 🤔. I outlined my thoughts in the previous post.
Interested in views of others.
The directors see value. I do wonder about approaches coming or already being considered.
Opti
All was well presented and answered yesterday, the Vompound and I even managed to have our 8 questions answered directly 😀 . I liked what I heard and even added another 25% (30k shares additional shares to my holding today. My risk.
Summarise my thoughts
a)The 3rd party claims issue
# Mainly one CMC involved and a legal letter now sent
# staff time and fees per spurious claim
# will persist into 2024
Resolution
# low number of valid claims
# discussion with FSA .. they are determined shortly on the fees and may change the structure change where companies such as Vanquis pay lower tiered referral fees (big boys pay more) rather than one fixed fee
or proposal for the claimant company to pay the referral fee upfront.
b) Product pricing and new products
#Past product pricing, a loss leader to gain volume included an example of an eye-watering -68% return
When Ian McL started management took corrective action and starting to bear fruit in the H2.
# clearly stated yesterday that pricing has been resolved and going forward pricing has been set for contributions to yield a positive ROI
# New products are ready to be launched including ISAs and 90 day /120 day products.. to be rolled out next week.
c) banking with a heart and 'not yet' rather than a no
Great for those needing credit which other banks ignore or debunk. Some of the videos showing were gut wrenching but genuine. Not everyone is fortunate and a simple help with £300/400 product to build a payments history will give many the helping hand needed.
# credit cards are screened and 80% applicants are turned down, but Vanq can offer alternatives from their products.
d) Customer mix, less risk
# the new products will bring in more retail savers. I have been with Vanq for over 5 years as a savings customer. Only had one issue, while not pleasant at the time, was resolved and compensated.
Management
# the old management team have gone, no one believed them.
The new team are tackling the issues head on, proactively and have a clear plan. Seems to be the sensible NI input Ian and Jill(ian) plus a few Southern Irish. All with great experience. They even stopped staff bonuses. Ex Bank of Ireland CEO now in charge.
e) snoop
A fabulous apop with great potential... 👍. Allows flexibility to roll changes same day making business more nimble.
Any I choose to believe what was presented yesterday and the path we are now on is the right one. A few bumps to come of course.
Personal target for me is to get a sub zero holding of around 100k averaging 30p or less and hold forever. At current prices my 1p dividend can buy me another 2800 shares.
Not a recommendation, just a view. Adding and trimming.
Happy Easter
Mx
GLA.
Grabbed 3 additional tranches yesterday at lows yesterday to average down, but what a treat today (37 - 50+).
Have taken the add-ons back off the table as there is too much of a good thing, but fairly helped drop my average cost so a result for now. Far too many eggs here but plenty left in the basket. Approaching breakeven again soon with a further push up.
Been a slog but never give up here. May the £1 party happen soon.
Out for now, Happy Easter.
I trimmed yesterday, not sold. Had 35k in this overnight.
Now sitting with a very large % profit on a lower holding, 70.1% up according to HL.
Just check Viavi US site and as yet no post. Interesting to see whether they say we are out or we note the offer and are considering our position.
Love the way Spirent directors now think the new company is just the best thing since sliced bread after trying to convince us Viavi's offer was the same but a few weeks back.
Could even be a 3rd lurker yet to surface.
Spirent have a unique company and so only one chance to nab it.
Spirent have withdrawn their recommendation only, Viavi have zillions and can throw it all the way. No Spirent mention that they have spoken to Viavi to know they are out.
240-270.
Let's see what happens.
Nice position to be in.
Well done all.
🔮
The usual ex dividend (18,286p) overreaction - just have to add at 997/1000. Bottom drawer.
No man's land here at the moment.
Wanting to buy back the 134p+ sale but.. but.... but... cannot push the button.
Hope you guys trimmed