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Thanks @Whatidsaytothat and @Liberty2, Totally agree with you.

From my perspective, there are 3-4 key items I am looking for in tomorrow's update:

1. NIM - also not expecting progress in the current cycle, but signs of stabilization and forward guidance will be key to watch. IMO, this will weigh heavily on analysts commentary tomorrow.

2. Loan book growth - very similar views to NIMs above. Signs of stabilization and intention to focus on growth from here on will be key.

3. FCA redressal - again unlikely management will say much about it. IMO, they will likely say something along the lines - working with FCA like other market participants to put this behind us and unable to say anything at this stage. Key positive could be management's commentary on existing provisioning - that hopefully it is sufficient and ideally that if they have more than sufficient capital buffer to wither any FCA redressal outcome.

4. Div / buybacks - agreed. Markets are also not expecting, but even a small token amount will be a positive surprise or equally importantly, announcement re intention to resume in H1, (amount depending on FCA redressal), should also be well received. On the other side, what does management say about upcoming budget (i.e. tax hikes) will also be key.

Then there is also cost reductions and Winterflood proceeds etc... Overall, though, it would be management's commentary / forward guidance that will be most important driver for share price reaction tomorrow, as that could drive analyst to revise their dull forecasts and upgrade target prices. And I really really hope that they do their homework well to start displaying some positivity after tragic last 2 years!!!

Why? Really is there a debate on this innocent but kinda childish question. Anyone even asking the question in right frame is either joking or doesn’t even understand CBG’s business model, in which case he’s gambling with his money by investing in CBG. CBG will be foolish to even consider such a loan. It would be disastrous from a share price perspective.. anyhow it would be really much more useful to hear various perspectives on upcoming results…!!?? What do you think upcoming results and outlook / management commentary would be like?

@LIBERTY2, Its not really the PIs who over-react and cause such large drop.. UK markets are not that deep with PIs, to move stocks as much. Its predominantly the bots (algo-trading) at HFs who cause such massive volatility based on sentiments, news etc.

Ditto. Over-reaction from markets as always. Bought this morning for a quicker flip, whilst keeping the longer term holding as is.

May be @Knot does? Be keen to indeed have a sight of this article...

Why is that? I don't think it really matters either way. IMO, from yesterday's committee, I felt like FCA will be pragmatic in the redressal scheme although few corners will be cut (like 2007 etc.), which will invoke legal challenges and it will only get better with each challenge. They are starting with a wider scope, which will get narrower with consultation and each step... There is still a lot of uncertainty / pessimism priced into the market (like Chid), but market should be positively surprised when the initial proposal comes out hopefully next month.. The fact that they are not paying too much heed into CMCs is also indications of their thought process. Eagerly looking forward to the result in 2 weeks time, which is equally, if not less relevant for price direction in the short to medium term...

Thanks Liberty2 - good summary and mostly agree with the assessments. Something to add / note however, is that non-banks are also a significant players in the UK car financing market, i,e, the financing arms of the car manufacturers, that are mostly private or listed outside UK (e.g. European / US auto makers like VW, .Ford, BMW etc.). While UK listed banks and other listed companies may compromise at a suitable level of redressals, there is little incentive for these non-banks to play soft-ball with FCA in my opinion. And so, I am fairly certain at least a couple of these may end up challenging FCA through courts eventually if FCA does

@Mrmarkyw, thanks again, but I don't think it was that clear to me.. but its hard to believe that the large number of cases that FCA are implying are likely to meet the condition of 3 tests (non/part-disclosure, high dealer commission, etc.). So, lets see what they publish when they do.

@Jperryuk, I am fairly certain that chid is a bot (like those on twitter), who's been programmed is to counter with absurd conspiracy theories and evoke responses and keep this board busy. Ignore him like the many holes in this conspiracy. For example, Labour will not get any credit for consumer redressal, but HMG will miss out on significant tax on FCA's expected GBP 9-18bn bank losses (or loss of potentials gains from reversal of provisions) from FCA's planned redressal that they so badly need. Its all absurd !!!

@Mrmarkyw. Could you please remind or highlight what time of the meeting that happened? i.e. at what point did FCA made that point? I must have missed that while I was muti-tasking.. Thanks in advance.

That's because this is Treasury Committee with 7 labour and 2 LibDems out of 11 members.. what else can you expect them do... The chair even asked FCA CEO to name the firms who are challenging them in public !!! What a fool.

One of the LibDem members went to the extent to asking FCA to reach out to one of the most scrupulous CMCs (sentinel - you should watch their interviews / interpretation from the SC verdict,, very very misleading to consumers !!!)...

It was the Financial Services Regulation Committee, led by Lord Forsynth that sent the letter to the FCA earlier... Shame its not them taking the FCA to task in person. I have a feeling there will be a reply to FCA's recent letter to Lord Forsynth in near future and may ask FCA to appear before them...

Not looking like the committee has been making strong enough arguments so far, whilst there clearly are several. Hopefully that changes soon.

Chad = @Chid.. typo

Chad, call whatever may be, your theories, cynicism, realistic, or be it your vested interests, fact is you are quite pessimistic and it’s still your theory.. NOT a fact. Please stop with your rants and repeatedly posting the same theory again and again.... whoever wanted to believe you, they must have done so,, and for the rest of us, it doesn’t make a difference.. please pls stop, really stop will ya!!

Thanks @liberty2

Separately, I came across an excellent summary views on the judgement and implications at the link below. Sharing incase anyone like to revisit in future to jog their memory!!

https://www.taylorwessing.com/en/insights-and-events/insights/2025/09/motor-finance-providers-breathe-a-sigh-of-relief

Does anyone know when the FOS vs Clydesdale case is supposed to be listed in Sep? In July coa said it will be listed in Sep, but can’t find any date!!

Have run several prompts on ChatGPT with impact of SC judgement with this case, and not that I could fully grasp what it said, but it looks to me like there is likely case for coa to rule that not all DCAs are at fault. There needs to be more comprehensive set of rules which will make a subset of these perhaps liable for a payout.

Furthermore, reading through FCA rubbish response, I am fairly certain that it will most likely loose the argument that cases before 2014 can be redressed this way. When and if there is limited to no contract specific data with companies (if they do have, then they have breached IDPR!! rules), how can they possibly force a redressal scheme !! Have these guys been smoking pot!!

Wonderful. Exciting times. Thanks for sharing.

Thanks Knot. I know this as a fact (an inside story) that CBG calculated their DCA exposure to about £165m much before CoA ruling. Even other analysts (including RBC, UBS and others) have calculated their exposure to between 165-270m based on FCA’s 9-18bn figures. So they have to have excess capital. I am more than confident, this will resolve over time. But for the share price to materially re-rate in the short term, business need to perform and management need to deliver on growth and RoE. If these improve, the value accretion from multiple re-rating will far exceed benefit from excess capital. I really think the debate on this forum about what happens next is relatively insignificant (not to undermine your efforts). Key is the upcoming results and how management guides on the outlook.

Also, while we think the management should do well with this mess or the worst case mostly behind them, we are in a very difficult economic cycle within UK, and it usually doesn’t bode well for banking sector in general. For example if CBG were to increase provisions or NIMs were to come down, shares will fall, but on the contrary, if management come out with bullish outlook, shares should move materially upwards over time..

It’s a regulatory requirement on insiders. You can google it or use ChatGPT…

PDMRs / insiders can not buy any stock (or sell) in the market as they are in a close period post FY year end until release of financials in Sep..

Manfor - your post is interesting and does bring out some facts, but also ignores or leaves out a number of facts / possibilities. I am not going to indulge in mud-slinging, but hopefully some constructive criticism.

1) Consensus analyst expectations for CBG on the FCA redress costs range from £165m to

Ignore this. Didnt come out well on teh post, but you can search - "Lender Litigation Strategy vs FCA Redress Scheme" on chatgpt for some more interesting insights on lender's toolkit vs FCA and how this might play out...

Also, important to remember, CBG is a small fish. Unless the SC case, where CBG was one of the defendants, there are much bigger players (Lloyds, Barclays, auto companies), that will use a number of tactics to minimize the damage from a redress scheme, which will directly benefit CBG.