Member Info for NickRubens

Fully automated retail deposit taking in the UK. Will be interesting to see how they can compete for deposits with the mainstream bigger banks. I expect to see a marketing campaign some time. If the recent seller has done this should recover a bit I think?

"taxing those that profit from the losses of others! "

So the government itself wants to take a greater share of gains made by the losses of others?

It's not really a moral victory and should be opposed. Those losses are actually mostly people just enjoying a flutter. Gambling is an experience and not an occupation to 'make' money from the punters perspective. It's just entertainment.

I need a bit more of a pullback as I mistakenly sold most at around 80p average. Need to be holding more for the longer term. Never seem to quite time things exact. The market just does what it does irrespective of what I want.

No comments here for nine months and the SP fall looks like the company is going out of business eventually.

Hard to believe a 'profits' forecast is forthcoming. We just had Interims and nothing much was said and the shares have come down since. Perhaps there might be some good news ahead but equally there could be bad news. This is the game investors have to play, a bit like roulette.

Back then in the 30p the market probably had expectations which weren't achieved or sustained. This time the market thinks the company is a dud, but that could change anytime if the company can prove and demonstrate that it's shareholders have a financial future here. I have a few shares and have been disappointed myself at it's apparent continued low valuation. I'm actually considering purchasing a few more but not kept up with the last few RNS's though have noticed the orders coming in with the SP slightly ticking up though vwry little interest in volume terms..

Should also hear soon from the FCA on commission arrangements on lending to the motor finance sector.

Perhaps the recent SP weakness could be related to this slight uncertainty? The recent Annual accounts mentioned this review and it's findings to come later this year from the FCA.

Are there any calculations/forecasts of what sales/revenue is expected with this move? Can't see profits being made yet and neither does the share price, but that isn't too critical if sales are going in the right direction. Any requirements for funding expected meanwhile?

"Hence why I do not see the BTL market disappearing. "

Anyone any idea how much of the BTL market is actually paid for with housing benefit customers/tenants? (ie public purse/tax payer) I've seen more and more BTL properties tenanted by housing benefit residents over the years. It's effectively a method of some so called landlords having their houses bought for them by tax payers ( ie family links between tenants and owner and claiming housing benefits).

"Providing the economy continues to recover steadily, as we expect,"

What the Guardian expects and what reality is might not be the same.

They have no idea really. More and more people will be having money taken from them to give to those not economically active but should be. 'Not active economically but should be' is the new growth market, but that means those active economically will be having their activity proceeds taken off them to give to the other class.

Even those who used to be economically active are now being targetted, ie winter fuel allowance and I expect the state pension we all paid into via NI at work, to be slowly means tested also or pushed on another few years at best.

The Public spending in this country has been out of control for decades.

I've seen people never work their entire lives and spend money like crazy on the latest mobile phones.

Cheers Tygra and LWHL and everyone for for the comments and views.

I was speaking to a small time landlord with just a four buy to lets and he has reduced (sold one nearly two years ago) on the rate rises and concern about his 'cheap' fixed deal coming to an end and having to remortgage at much higher cost and now he's told me the CGT concern is prompting him to sell another one as remortgaging is coming up (increase costs) but now also the CGT threat, making it all a hassle he can do without.

He tells me his estate agent (who manages the BTL's for him) is seeing this behavior across all the smaller BTL holders.

From an OSB perspective, I'm wondering if we may go lower still in SP and whether I'll take a punt here as it does look kind of cheap, though always has?

Could it create reduced demand for BTL loans to landlords who are rumored to be facing a higher CGT rate on any gains? I don't know if this is already discounted in the share price but someone is going to be hit in the Autumn Budget. Sick of listening to them talk about an unexpected black hole, presumably in the deficit.

£22 billion so called black hole seems like peanuts compared to the £2.6 trillion national debt and yet we are being warned it will be 'painful'??

I do think RNK is on a bit if a bull run now with strengthening finances to underpin it.

Simon1367 "I saw landlords in my area either exiting the market or not taking on as many BTL properties."

Yes, I know of Landlords selling up and also recently fear of Labour raising CGT on them. The share is cheap though and good value. I just don't have the courage yet. Maybe take another look after the budget?

Did they say they were working hard for shareholders? I think this stock is a decent hold now as I don't believe the market will let it slide or drift away again, so expecting a slow steady rise as the year progresses without any wild jumps and falls.

Where can we find the 'webcast'. I paid 74p this morning, so might as well listen to what will happen to my investment!

cheers NR

I would have taken a bigger punt ahead of tomorrow but got hammered with EVOK's recent update so a bit shy at the moment. I'll happily pay more and average up tomorrow if the forward looking statement is fine.

More importantly I hope I won't have to do an emergency bail ! Anything can happen in these weird economic times.

This is another example of why 'profits' are essential in the business world and yet many people still think of profitability as an ugly word. Looks like QM system staff will need to look for jobs elsewhere though they need to be grateful for the years they had and not the years they expect.

Can't see PIP itself recovering without a huge fund raise. For that reason I'm not buying the stock. Had too many 100% losers over the years, but all the best for shareholders who deserve success really.

Well, I've had to average down and purchase a few this morning. Frustrating, but I've seen this kind of thing before and always kicked myself for not taking advantage of cheap prices, though I know there is a reason for them but those reasons can be resolved (ie debt). Have cash available if it should show further weakness for another chunk. Never liked the chasing the record high stocks as one small hiccup and they come down even harder.

I note LGEN drops on a broker downgrade today. Well I've bought loads of these the past year or so (for a retirement pot SIPP) as I thought they were cheap compared to earnings and yield. However, are people actually going to be able to retire in reality as I see less and less people working as the years have gone by and more and more move on to 'benefits' and yet the national debt is at £2.6 trillion.

If the growing trend is not to go to work, how on earth will anyone 'older' actually be able to retire? This country doesn't feel secure to me and public finances look out of control. I just don't know what the black swan event will be that shows us the reality of the situation. Perhaps a government default on it's borrowings? or QE money print/inflation etc.