Member Info for NICKTIMS

Barclays lost a key court challenge related to its car loan practices on Tuesday, marking a significant setback for lenders facing a potential multi billion-pound compensation bill over auto-finance claims.

The case, centred on allegations of unfair treatment, saw Barclays challenge a ruling by the Financial Ombudsman Service.

According to Bloomberg, a London judge dismissed the bank's appeal, affirming that the customer's borrowing costs increased due to a broker's choice of an elevated interest rate tied to an undisclosed commission arrangement.

Barclays' Clydesdale Financial Services had paid a broker £1,320 in commission related to the car loan.

Being contrarian, and, not liking the current economic climate, I have sold 90% of my portfolio in all of my shares, not just this company. Good luck to you all.

Instinct suggests that good news will come between early next year and six months. Difficulties and challenges have more or less now been resolved. A confirmed drill date will indeed be very rewarding, resulting in a share price heading North. A positive oil find will send the price much higher. This is a highly speculative share, I have been patient. Good luck to all!

Goldeninvestor. Firstly, having met JA at the last AGM, I can assure you he is not fat. Secondly, he gets paid in warrants and has a sizeable chunk of the company. JA keeps the market updated when their is news available. Clearly you are upset, perhaps your new years resolution could be to sell up and LEAVE. If you were familiar with this type of operation, you would be aware that finance e.g. mezzanine fund raising is challenging in the current environment. Happy Xmas.

Whatidsaytothat. Welcome to being a first time poster. My belief is that generally, bad news is always worse than first expected. I am not a shareholder in Close, but may well be sometime in the future. Lloyds have stated that it is impossible to know any more at this stage although £450 million has been set aside. Clarity and transparency are key requirements by the FCA, non disclosure of variable commission is a NO NO. We pay people at the top to get these matters right! In this instance, the shareholder being punished. I am on the sidelines, good luck to all.

There is a lot happening early next year, I believe JA may wish to consider the option of a press release to the wider media. Whilst I would describe this share as highly speculative, investors whom have never heard of TRP may well be interested in taking the gamble. To JA's credit, video interviews together with RNS's have already been published. A publication in the Daily Mail would be helpful, increasing the number of shareholders.

I couldn't agree more. This could go up X10 or even more depending on the success/failure of the drill. Having sold 90% of my entire portfolio of shares (I have concerns pertaining the market), I shall keep TRP and enjoy the thrill of success/failure. Next year is going to be quite exiting for this stock. Happy Xmas to all.

The Consumer Rights Act 2015 has a fairness test. This means that key terms of a contract need to be crystal clear before purchase and not hidden in any small print.

Should this not be the case, then, there will be further trouble ahead. When the end result is clearer, I may well become a buyer, but not for sometime yet.

I shall watch this one with interest. Shorters have increased and to make matters worse, the company is having to sell off one of it's arm to raise cash. It isn't looking good at all. Further contagion in other areas e.g. insurance and loans looks possible at this stage. When the shorters give up, I shall start to take greater interest. My view is that things will get worse before they get better. For the time being, I remain on the sidelines.

LeeRex, this was really really good. I knew some of this, however, it taught me a lot. Glad I have sold 90% of my portfolio.

When the final outcome of legalities are completed, and the shorters start closing their positions, I shall consider buying, but not before. Knock on effects of legal action may well prove to be costly.

It serves the lender right if they attempt to dishonestly deceive a customer. Good luck to all of them, the lenders deserve to be punished severely. Kick them where it really hurts, in their wallet. Frustratingly so, it is the innocent shareholders who rely on so called "Professionals" to run a company in accordance with the law who end up being financially punished.

I can't blame the motorist for feeling upset for being ripped off! I would be livid. Commission and fees should always be transparent.

Great question and great article. A must read.

Https://energynow.com/2024/10/uk-increases-windfall-tax-on-north-sea-oil-producers/#:~:text=LONDON%2C%20Oct%2030%20%28Reuters%29%20%E2%80%93%20The%20British%20government,year%2C%20finance%20minister%20Rachel%20Reeves%20announced%20on%20Wednesday.

Currently I have sold 90% of my portfolio and gone into cash. This share is of great interest to me. There may be further turbulence prior to returning to calmer more profitable waters. Does anyone know when the appeal court case takes place and more importantly when the full and final outcome is likely to be published?

Https://www.thearmchairtrader.com/uk-shares/tower-resources-thali-project/

Worthwhile announcements will be confirmed via an RNS by JA, as and when. Until such time I suggest everyone (apart from those with a fake news agenda) ignore other nonsense announcements. Please leave JA alone so that he can focus on the task in hand. Good luck, with your investment. Remember the rules state that everyone via an RNS receive information at the same time.

This is all a load of rubbish. An RNS will be issued by JA so that we can ALL see the facts at the SAME TIME.

Https://www.proactiveinvestors.com/companies/news/1057216/tower-resources-confident-as-it-counts-down-to-njom-farm-out-deal-eyes-early-2025-spud-1057216.html

Interesting article.