Member Info for Realist1

A 2.8% increase in price today so I would close if shorting.

JP Morgan shorts, Morgan Stanley buys. Who knows? Anyone's guess.

Well we have a British ISA on the horizon which may give UK shares a boost. The only issue there is that the current government may not be in power so will it go ahead?

Some positive news from HSBC at least:

https://www.cnbc.com/2024/03/14/hsbc-is-very-positive-about-the-future-of-chinas-economy-cfo-says.html

Lacklustre VANQ, lacklustre FTSE, lacklustre UK.

So the government want to “create opportunities for a new generation of retail investors to engage with public markets”. According to this article, the MP's and Ministers Pension Fund have only 1.7% of their assets invested in the UK. Smart people.

https://www.standard.co.uk/business/london-stock-exchange-shares-ftse-100-crisis-equities-fund-outflows-b1145526.html

The news may not be all what we want to hear but I have no doubt that this is a well managed fund by knowledgeable people unlike some I could name. But, volatility is to be expected in this industry.

Interesting article here for those who are interested:

https://quoteddata.com/2024/03/2023-challenging-year-blackrock-world-mining/

And the dividends are not always paid on the same dates each year or equally distributed. For monitoring purposes, it is best to regard them as Q1, Q2, Q3, and Final (Q4).

However you look at it, there are four quarterly dividend payments and the 17 pence payment on 14 May is the final of the 4 dividend payments which was 23.5 pence last year. The reduced amount is because of lack of fund performance.

The next payment will be Q1 which is usually in June or July when the previous final payment has been made in May. This payment should be around 5.5 pence.

https://www.dividenddata.co.uk/dividend-history.py?epic=BRWM

Only the May, 2024 dividend payments have been announced. Anything beyond that is pending.

https://www.dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=BRWM

Rangebound. Especially having trouble breaking those upper resistance points.

So, it is Redbridge Finance that seems to be the thorn in their side:

https://redbridgefinance.co.uk/vanquis-credit-cards

From CityAM:

'Analysts at Numis pointed out that that any Financial Ombudsman complaint "no matter how spurious" would result in a £750 bill for Vanquis.'

Something needs to change.

Hopefully, all of the bad news is out or at least most of it. The 27th March update is looking even more crucial now. Who knows where the share price will settle?

For those who are interested, you can register for the results presentation here (27th March). Let us hope that this puts a floor under the past and signals better days ahead.

https://www.vanquisbankinggroup.com/shareholder-hub/financial-calendar/

Not sure about the shorting but there were almost 14 million shares bought at 136 so someone is sitting on a healthy profit.

And no mention that the dividend tax allowance is dropping to £500 in the 2024/25 tax year and a potential £3000 capital gains allowance. I'm out of this with my profits. The words 'government' and 'share discount' do not bode well.

Https://markets.ft.com/data/announce/detail?dockey=1323-16358226-300P959R6U6OOTTTP6E7EQ0LL5

TSSZ, we have been here many times before. All we need is some decent weather and a revised Tour de Yorkshire is back this year to stimulate bike sales. Best to be patient for now and look at other investments.