Member Info for sg0913

Add in those below the threshold, still looking at probably 10-12% in total.....crazy amount!

Can't imagine where the SP would go if just half of those were to close out.

Need get past and hold in the £3.60's first Nihar, clearly CBG still being held below this level at the moment.

No updates on news but FTSE250 has just jumped from -700pts to +16 and rising in last 10 minutes!!

Some good opportunities here if you believe the middle east situation will be a distant memory in 6-9 months.

Still see CBG as the best of the FTSE250 at this price though.

Must admit, I'm quite comfortable with CBG maintaining a focus on car loans (Assuming no further surprises from the FCA).

With the shift towards electric vehicles in the coming years, there should, in theory be an increased demand for car loans in order to fund these far from cheap new vehicles and the finance will have to be obtained from somewhere....I see big opportunities here.

Just twigged. FTSE250 ejection.

Thanyou to the CEO and BOD for your efforts in achieving this milestone!!

£11m or 2.75m shares.....that's 3% of the company, which is huge.

Don't know WTF is going on with FUTR but every day seems to bring more cr@p.

Why on earth would we expect 'a follow up report by Viceroy stating that the FCA’s scheme most likely forces CBG to double their provisions to 600m'?

Viceroy's report is an embarrassment based of half-truths, deception and lies with no consideration given to the legal position.

So where do you get a doubling of provisions to £600m from?

More likely is that the parasites crawl back under their stone, not to be heard again until they pull this stunt on someone else.

'Shore Capital lifts Close Brothers to 'buy' from 'hold' - target price 495 pence'

Not exactly a bold prediction!

Have always thought that as investors we don't always get it right, same could be said for Hedge Funds and shorts.

However when it comes to being utterly clueless, these 'analysts' are at the top of the pile, the discrepancies between their valuations are embarrassing to the point of making them utterly worthless.

Why SP's move when these updates come out is beyond me....they have no idea.

I've certainly called this wrong before but I don't see £3.50 happening at any time....not unless one of Iran's stray missiles hits the head office in Bath.

If it was to happen at all, surely it would be over the past month or so when literally everything has been stacked against it.

I'm really p*ssed off with this sh*tshow but there comes a time when sanity returns and the SP rises to reflect a more accurate valuation of the company, it's assets and future prospects.

I'm not expecting £7-8 any time soon but I certainly expect a price with a 5 at the front in the next 6 months.

They would seem to be the fly in the ointment at the moment, restricting an increase to the SP.

It would appear that they flip flop virtually every day.....add, reduce, add, reduce....which is clearly keep the SP in a narrow range whilst they make small

profits each day.....lose these parasites and we may get a bit of traction.

Yeh, it wouldn't look great if during this period of great uncertainty the FCA attempted to overstep the mark and hammer UK banks. Whether or not Reeves has the ability to influence this who knows but the FCA is accountable to the treasury.....and they must have involved them throughout the consultation period.

Also worth noting that a) any compensation paid out would reduce the Govt's tax in take and b) possibly add to inflationary pressures, reducing chances of interest rate cuts....all at a really bad time for the UK.

One last point 😂

We should also have a 50-100pence uplift when the middle east fiacso starts to ease, there's no way this will be allowed to continue as it is for more than a month or two at the very most.

Enough from me!!

Would also add that if there was any risk of the disaster scenario then the Govt. would step in, after all what would happen to all those who have money deposited with CBG....would the Govt. pick up the bill?

Think to a large extent we're all just guessing at this stage Nihar....I get days when I'm very positive and think if the redress was going to significantly change we would surely have an inkling by now and other days when, as you say, when I think Rathi is a moron and anything is possible but then surely at £3.50 even fairly bad news is priced in unless the FCA intend to put CBG out of business.....in which case it's off to court and no compensation scheme at all for 18-24 months!

If I can put on my rarely used logical head for once, all current indications have to assume that a figure of around £300m is correct (give or take £50m)and if not you'd have to think there would be a strong case for the entire BOD to resign for incompetence or deceit....they cannot be that stupid??!!

Should hold up well whatever the circumstances now IMO. It's got 15% to make up from Viceroy's BS first of all and even then it's very cheap at £4.20, assuming no more surprises....and with CBG's rebuttal of that nonsense that should, in theory, put it to bed....surely CBG's analysis of potential liability, signed off by PWC, is going to be more accurate than the group of parasitical chancers at Viceroy.

In which case everything now hinges on the FCA report, anything around £300m or less and this should fly.

Having seen the damage done to the SP over the past few days I fully expected to see a noticeable increase in short positions yesterday.

Seems strange that they have not changed (at least the reported ones), especially considering the volumes and size of the fall.

Also, a small recovery is good to see but as everyone has now had 2 days to digest what is essentially a piece of risible garbage in the the form of the Viceroy report, that any competent GCSE student could tear apart in, it is surprising that we have not seen a bigger bounce back at this stage.....though a sensationalist press certainly doesn't help!!

Absolutely not Nihar, but it was worth a try to see if I could elicit a response.

Personally, based on their bending over backwards to assist Hedge Funds (even changing the statutory reporting in their favour) I wouldn't in the least bit be surprised if his nxst position was at one of these funds.....if he hasn't already lined it up. He must know his days at the FCA are numbered.

I wouldn't trust any of the FCA management as far as I could chuck them.

Yeh, I know JG.

I even sent them another mail asking them to provide details as I could find no evidence of this....predictably no response.

It appears that the Investor Relations manager is only capable of sending out pre-worded communications - nice work if you can get it! 😊

Even with a surging FTSE250 this miserable dog of a share manages to sit in the red!

As Cher once sang 'If I could turn back time'.....I wouldn't have gone anywhere near this and I purchased in the low £5's.

Anyone who bought a year ago or more must feel desperate at this continuing sh*tshow.

The only ones smart enough to avoid buying at any price were the management team 😂