Member Info for Rizzel

Xhita

with respect You know nothing about Wizz. Just stick to EZJ please

GLA

Https://www.msn.com/en-gb/travel/news/airline-to-double-size-of-414-all-you-can-fly-scheme/ar-AA1tPozW?ocid=msedgntp&pc=ACTS&cvid=ee8fbd9bbc384598cbe9d9a20ff258ff&ei=7

I visited Vanq web site. I was interested how does that second charge mortgage looks like. There is a menu of products Vanq is offering and after clicking on second charge mortgage you are redirected to Interbridge Mortgages but the site looks like Vanquis site so could be just another sales channel within the bank. after fiddling with the figures a bit I have noticed there was a product fee I think £895 and broker fee of £2400. And interest rate 9.6% ( those figures are illustration only and will be different to each application). I hope nobody will come after those fees as they are clearly stated in the offer :-)

Other thing I have noticed is that in the loan section is a statement the "We're not currently accepting new loan applications"

Which I don't know why. but it looks like this channel is currently inactive

All the best

PUTUP

I appreciate your input in here. Looks like you have a good knowledge of how market works and you clearly have interest in Vanq. May I ask if you are invested here or just seeing an opportunity for a quick trade. Also would like to know your mid term view (2-3 years) on Vanq.

Thank you

Magnum

Ingenuity will be in their hands and very profitable because it will bleed dry the beauty and nutrition on fees for their services.

Thay will do it, there will be nothing left for remain shareholders

I told you we are going to get ripped off and most of the believer cult were laughing at me. Well you are not laughing now

MadMat

Thank you, great summary

I remember this year in may, I was in LLOY share at around 41-42p trading in line before update. Than on the final result day we all read the statement expecting great results and they were great results, profit up, buyback, dividend increase. Everything was perfect. Market opened and SP went down, nobody could understand why, someone even sold at frustration, but than around 11am SP turned and went up sharp, I think ended the day 47p. So anything is possible

Just one more point. when SP start falling 7-10 days (20%) before the results and than on the result day are flat, doesn't it tell you that this statement was read by the city a week ago?

Should city have not seen it early, would there be a sharp drop of 20-25% (from 60p) this morning after they just this statement like the rest of us?

Just a thought

So I just read the statement and this is why I stayed in. Every statement (under MLM) was presented as "company performance is as expected" but the profits were falling. The outlook was always presented as bright future. As it is today, my take from it is that cost savings are going ahead but are not shown in bottom line because there is pressure on finances elsewhere mainly in complaints cost, which still is expected to increase 50% partly due to increased Ombudsman fees.

Also a positive is second charge mortgages witch should generate good lower risk income in the future but again it is just offset the decrease in other parts of lending (credit card and car finance).

So I remain hopeful but not over excited as this is going to take a long time. I just hope that the new management will have stamina and resolve to keep navigate through ever changing market and I wish them all the best in the effort to bring us shareholders a decent profits in the future.

I had no stop loss on this one and have no stop loss on any other share. Had Stop loss set up few times only to get my shares sold on very sharp drop to see the SP go up in couple of hours, to buy at higher price.

When you have a 50% drop in a morning no Stop loss will help you. Your shares are sold at 50% drop. Thats what happened this year in March. Go and have a look.

I wish he can do that here, but to be honest I have little hope. I am beginning to realize that this old company is dinosaurs in modern age. I thought how come a new start up, like Revolut or Wise can be at bilions of pounds valuation and still rising and even struggling to get a full banking license.

And here an old institution is dying. I guess that is the proggress of an modern era. New replace old.

Petr_ I know I have seen your post here since I started reading this around covid era. Name suggest to me that you are from neighbouring country to where I was born.

Hi theAccountant

I held this share since 2018, and participate in Rights issue, when share price was around 400p. ever since I've been topping up with money from sales of other shares or from my income. Feeling hopeful after every results when share price halved every march, but promises from management sounded like we are very close to leave the problems behind and move forward. Lates shock was when MLM finally resigned and revealed the state of the company he was running for many years. The new management gave me new hope so I've invested more to average down to around £1.

I think it was the biggest mistake of my life. I know now when people say being trapped in the share. I am a prisoner of this one. I had a chance ( we all did I guess) to escape couple of years ago I think (can't be bother to look) still at loss but much lower loss, easily forgettable loss. And invest in something more main stream, safer.

I hope I am wrong but this looks like the end of this company.

If they propose rights issue tmrow. It is game over

We are doomed

Just when the Trumps victory send many share prices on the up. We are looking at more losses.

It geels like we are getting salt rubbed in our wounds.

It hurts real bad

MikeS02 should have been told " get on your bike son you ain't getting any car"

we all would be better off now

Quite right too. I hope none of these lawyers, judges, law makers, bureaukrats and the common people who think they’re in the money because they just leased a new car and cannot calculate how much they’re paying and if they can or cannot afford it, will never ever get the finance no matter what.

I have one message for them, start saving !!! And when you saved buy the car for cash.

Well in that case opti-mystic I very much hope that you and everybody else never ever will get any finance on car or anything else. And lets see what happens than. Economy crush ? So be it. I don’t care anymore I hope all those who came up with claims will suffer.

We are in a Big trouble, we I mean a long time holders with average price above £1.

I have a lot of money invested here with a over 50% paper loss.

I fear I will never see them again. I am preparing myself to accept it that I lost big time.

Petr

I am in very similar situation as you. I am a holder here for quite a long time and just bought my last tranche today, I have no more money to put in here. It is make or break for me. Don't know what to believe or who to believe re Vanq. It s been the worst share to hold, used to be good with dividends but I have a feeling that we won't see any of those for a long time if ever.

I just hope that market doesn't have some info before results that we don't know about as the drop from 60p is brutal like there is something bad going to happen.

Happened last month in THG, it was relatively stable and then big drop followed by Capital raise. So someone was aware.

Hope it is not the case here.

BeardedDragon

Your target is almost reached, you called 225 on 28.10.

Very good