Member Info for sg0913

'Someone needs their a-se kicked'

Plenty on here are getting their a*se kicked Teddy 😂

Unless your first FUTR purchase was this morning you're going to be sitting on a large loss.

Joking apart, I'm with you; how Ying is still CEO is crazy. He's wiped over £500million of the companies valuation in his first year. Prior to this he was CTO for a number of years so it's not like he didn't have an intimate understanding of the company. If the bloke had a ounce of integrity he would resign.

I'd say that Chid/Birdsong has a very selective memory when it comes to recalling his inane ramblings!!

When you look at their relative performances compared to FUTR it is blindingly obvious that this debacle is largely due to the incompetence of the board and CEO.....even politicians occasionally take responsibility for their actions/mistakes.....not this lot, they're taking shareholders for fools (though sadly that description probably sums me up, having been stupid enough to get involved with what, it's probably fair to now say, is the UK's worst run company).

Wish you well Laura but sadly thw board have been trotting out the same message since this was £8.

It seems cheap now but I wouldn't touch this until such time as members of the board start buying in decent amounts...or they sack Ying.

You're not wrong Carrington.

I woke up this morning, checked my various investments; Up, Up, Up....now for FUTR!!

You have to laugh, I never thought I'd be saying 'If it could just get to £3.50 I'll sell out'

Braver than me Carrington.

Looks like most of us will now be stuck holding this piece of cr@p for the long term in the vain hope that we tecover some of our losses.

This will never see £5 again or anything close.

Not sure how you equate £50m to a 10% drop?

I'm expecting a nice rise in the SP tomorrow, even if CBG were to add another £50m to their exposure, which I really don't see happening.

It was taken from their account on X FlyingDutch. They've had one reply, showing what a mickey mouse outfit they really are.

Anyone with an account on X care to put them right....the more the merrier 😊

Viceroy

@viceroyresearch

$CBG -

@TheFCA

’s Motor Finance Redress Scheme shifts the burden onto the most DCA-exposed lenders.

Close Brothers is highly exposed. Our thesis is validated. Full update shortly.

motor finance redress scheme shifts the burden onto the most dca-exposed lenders.

close brothers is highly exposed. our thesis is validated. full update shortly.

what a bunch of *******s!

not only do they make fools of themselves, they're now doubling down on it.

FCA say payouts average £750, BBC say £829, nothing like a bit of confusion in first 5 minutes.

I guess we now have a worst cast scenario and it's up to CBG and their lawyers.

It's still a crock of sh*t but at least we know we're not looking at Viceroy payouts....who should be sued!

Must admit JG, I find it utterly bizarre that anyone on here is prepared to overlook the impact of Ying as CEO has had on their finances.

I doubt anyone who posts on here has done anything but lose significant sums of money on FUTR.....whilst Ying has continued to pick up his salary, has not sought to invest a penny of his own money this year (or indeed none of the BOD) in what is apparently a 'bargain' and has remained silent throughout, even when FUTR was dropped from the FTSE250....even if you question this through Investor Relations you get a scripted, stock response.

Ultimately we are all responsible for our own decisions but nevertheless, how this incompetent, clueless clown remains in his position as CEO is beyond me, he's been an utter disaster.

IMO, this goes one of 2 ways; FCA has leaks (which in my view is a given) and today's fall is a precursor for what is to come, or this is shorts flushing out nervous holders and we'll see a decent recovery later in the day.

Can't help but think that where the SP sits at 16:30 will be the indicator as to what happens when the FCA report is released as there is zero chance of this being kept a secret prior to it's publication.

....watching a 4% drop today when other banks are broadly unchanged.

No intention of giving up on this but it would be nice to have some good news for a change, it's be a sh*t start to the year for CBG and my naturally pessimistic nature isn't helping much!!

Fingers crossed for later.

Friday's 'investment' was a quick in and out to make a few hundred quid as the drop in SP was clearly overdone.

Just because this company, or any other, is an absolute sh*tshow, doesn't mean there are small opportunities to be had.

With any company that sees a drop of this magnitude it is obvious that questions need to be asked of the person at the top.

I cannot think of many jobs where this performance wouldn't have led to a change.

.....and yes, there are way better investments out there, which is why I've sold half of my holdings in Future, at a considerable loss, as it is now increasingly apparent that this company is going nowhere for the foreseeable.

One year anniversary of him assuming the CEO position.

In that time we've seen a halving of the share price, wiping hundreds of £millions off the company valuation, with seemingly no let up.

How does someone so incompetent manage to keep their job???

Not sure it went a slow as that Crossley (you may be right intra day?) but yes it did drop to low £17's very briefly, so must admit, missed that.

My views are based on a pre conflict price of around £28 and generally rising, of course there will be some inflationary impact for a while when the middle east debacle ends and personally I don't see this continuing for more than another month. Even factoring that in, a 10-12% drop from £28 would cover that adjustment IMO....That leaves us at £24.50 - £25.50....not forgetting that Bellway has a NAV of around £30 per share.

More generally, yes, I see prices continuing to rise, albeit slowly. The inescapable fact is that there is a huge shortage of housing and a commitment to build more. I mentioned earlier that my wife has worked at Bellway for a number of years and has witnessed all events good and bad, since 2007, however prior to Feb 28th there was a very positive view within the company....knocked slightly since then but there seems to be a pragmatic view that this is blip rather than a long term concern.

Personally I have sold other holdings to give me the ammo to build a decent position here, so far 5,750 shares but will look to double that over coming days and weeks whilst we are at this price or up to £20/21

There's no way I'd be doing that if my wife was coming home with tales of doom and gloom every day.

Any chance you can copy/paste m007j?

Don't have FT subsciption.

I really don't see there can possibly be any other outcome now m007j.

In fact, I really hope it is the case because I want to see the charlatans and crooks at the FCA torn a new one in the courts.

Added another 3k today at these prices.

Impact of middle east crisis must account for around a drop of £7-£8 per share now, which is a crazy over reaction.

IMO this is one of those gift wrapped opportunities now to buy Bellway (or any other housebuilding share) at prices not seen for a decade and we are unlikely to see again.

Watching that performance from Rathi it seems quite clear that even minimal compromise is unlikely and that the FCA's position has not changed one jot.

Rathi comes across as a slimy and untrustworthy individual....I'd even go as far a suggesting that there are grounds for thinking that the FCA under his tenure are corrupt.