Member Info for Standanddeliver

When Vanquis release a report they always highlight and detail the positive. On the other hand, if it's negative, they tend to brush over it or not mention it at all.

On the 27 April 2026 they released the Motor Finance Redress Schemes Update. In that update they added this at the foot of the page, "Vanquis intends to release its 1Q26 trading statement on 6 May".

For Vanquis to remind people of this, I'm taking it as a hint, it's positive news. Hope I'm right.

BasePoint Capital operates as a fund management company, specifically in the alternative investments and credit-related fields. It is a diversified specialty finance group and direct lender that provides debt financing services to small and middle-market companies.

Key aspects of their operations:

Fund Management: Its affiliate, BasePoint Advisors LLC, is a registered investment adviser with regulatory assets under management exceeding $2.3 billion, and it manages pooled investment vehicles known as BPA Funds.

Investment Strategy: The company manages client cash by investing in third-party lenders who serve customers unable to get traditional bank loans. Their focus is on credit opportunities and special situations in the specialty finance universe.

Structure: The firm was spun out from the Omega Advisors hedge fund and provides secured asset-based financing and liquidity to select specialty finance companies through limited-purpose subsidiaries.

Industry Classification: BasePoint Capital is often categorized within the Private Equity and Venture Capital & Private Equity industries by data providers, further indicating its role in managing investment funds.

BasePoint Group have 160 employees.

Let's look at the Further Revised Possible Offer of £2.35 a share, plus maximum of 9 pence dividend, making £2.44.

The dividend will not be known until the declaration of the Final Report on 25th February 2026. Does this mean BasePoint are going to drag this on until they know what the Final Report has to say?

The possible offer hasn't been revised at all. BasePoint's offer still stands at £2.35 a share. The dividend will be coming out of IPF's profit, which is our money.

Basically they are using our 9 pence to buy our shares off us and the board of directors are ok with that. Using shareholders money for BasePoint to buy our company.

I have a better idea. BasePoint offer £2.44 a share and they keep the dividend. Now lets see if they can find the money from their investors, without using IPF's/our money.

The reason the share price is going down, the bid looks like it will fail. Doesn't look like they have the money to buy the company.

A possible offer must now be made not later than 5.00pm. on 22 October 2025.

On that same day at 7.00am the Q3 Trading Update is released.

If the update is good, surely BasePoint will either have to increase their offer once again or pull out?

I think this deal will go through, unless something is uncovered about the financial position of the company.

The reason the share price isn't higher is down to the fact, there are not enough private investors and is top heavy with institutional investors.

The company has a huge potential in growth and that's why a take over bid has been made. The offer price is far too low in my opinion and I don't think the private investors will have much say in this matter. The big boys and girls will take the money and run. I hope I'm proved wrong, we will just have to wait and see.

Hi Andy. We had a little chat on the 17th May 2023 when I was TheProviVan. I told the storey about the Vanquis Jag and the IPF Mini. Boy did the storey come true. IPF shares were £1.06 and have now doubled and Vanquis went down to 38.05p, now around £1.

I tried to warn Vanquis shareholders in that storey, what was going to happen and it did.

We've benefited from the shares increasing by over100% and good dividends.

Not sure about this take over bid as I reckon the shares will reach £2.20 anyway. IPF have a huge growth potential and this American company can see just that, hence the bid.

IMO the CEO and the directors will try and get this deal over the line, I believe they are sitting on loads of shares.

IPF half yearly report today. USA company interested. Offer of £2.20 a share and keep dividend

When IPF reported their half yearly results on 31/7/2024 the shares went up 16p from 1.38 to 1.54 and that report wasn't as good as this one. Plus at that stage they didn't have confirmation about the credit card authority in Poland.

Kentio. I've had the same thing happen. If you read my post 21st Jan, LSE replied to my post on Trustpilot explaining the reason why.

Yes the unknown are not included in those figures but that's why I did a time check and the shares bought within that time well exceeded the sells. The share price still went down, that just doesn't add up

With a report like that I expected the share price to fly but I cannot understand why it hasn't. At 14.25, 353,554 sold and 1.18m buys and yet the share price is only 6p up. At 10.36 the price was 132.50 and at 11.47 the price was 132.40. During that time 48 buys with on 6 sells totalling £5,154 and the share price went down 0.10. That just doesn't make any sense. I ask the question, why has the share price hardly moved from 10.00 this morning when buys are over double the sells?

The Provident Financial Group changed their name over night to Vanquis Bank but the company is still predominantly a finance company. PFG had a bad reputation in the time it took them to get new products to the market. In fact the PFG board dissolved the Vanquis board, when it took them far too long to launch a new product when it should have been up and running months earlier. Since changing to a bank and with a new CEO in charge, what new products have they introduced to the market, not enough in my opinion. They need to offer bread and butter products to generate customers instead of losing them. Bring to the market and offer the public insurance products like banks do. Bring back the short term budget loan that was introduced to pay utility bills and was a cash cow.

Hxulcolrdoh. I always find your comments precise, factual and spot on. Unfortunately some people on here have their heads buried in the sand, more concerned about irrelevant flavour of the day issues and oblivious to the main issues that they really should be concerned about.

The hard facts speak for themselves. I have been highlighting the Vanquis Achilles heel now for the last 5 years and this has been born out in their negative performance and share price. For new Vanquis share holders, here are the facts. The company is top heavy and too reliant on their credit card business. In 2019 the credit card customer base was 1,720m and in 2023 1,375m. Year on year they have been losing customers and over 5 years they have lost 345k and this trend shows no indication of changing. In 2023 the customers reduced by 10% in one year. With 1,375 customers in 2023, how many of these customers are actively using their cards? In 2022 only 1,221m customers were active. Will 2024 be any different and buck the trend or are we going to see more loses?

Trades are confidential and sites have to calculate if it's a buy or sell.

Here is my Trustpilot post, LSE explain everything.

Do not rely on this site for correct information. I purchased 5000 shares in a company and LSE share trades had them listed as sold. The same thing happened the next day. Don't know where they get their information from but it's not correct. How many share trades are showing as sells when they are actually buys?

Date of experience: 04 March 2024

Reply from London South East

8 Mar 2024

Thank you for your comment.

We calculate the trade type based on the trade price being higher or lower than the mid price at the time of the transaction. Sometimes this calculation does not work, or the price is the opposite side of the mid price. This means we are either unable to calculate what type of trade this is at all, or the calculation shows it as the wrong type of trade (a buy instead of a sell for example).

Our method of calculating the type of trade is the industry standard, and while we are not provided by the type of trade from the stock market we will continue to use it.

What did I say in my Friday post. From what I've seen before, next day opening trading price is virtually always below the UT closing price, just like it was this morning. Lets see if this happens again on Monday.

Friday closing price 60.10. Opened today at 59.00

PUTUP. Waffle is it. Think you should read this and eat humble pie.

As per the net. How is the closing price of a share determined? In simple terms, the closing price is the weighted average of all prices during the last 30 minutes of the trading hours.

My post put on London South East Trustpilot dated 8 Mar 2024

Do not rely on this site for correct information. I purchased 5000 shares in a company and LSE share trades had them listed as sold. The same thing happened the next day. Don't know where they get their information from but it's not correct. How many share trades are showing as sells when they are actually buys?

Date of experience: 04 March 2024

Reply from London South East

8 Mar 2024

Thank you for your comment.

We calculate the trade type based on the trade price being higher or lower than the mid price at the time of the transaction. Sometimes this calculation does not work, or the price is the opposite side of the mid price. This means we are either unable to calculate what type of trade this is at all, or the calculation shows it as the wrong type of trade (a buy instead of a sell for example).

Our method of calculating the type of trade is the industry standard, and while we are not provided by the type of trade from the stock market we will continue to use it.

You can read my post on Trustpilot with one star.

The UT closing price for today is 60.10 but the shares never reached that price all day. So what does this indicate ? Did the MMs under value the share price all day?

If you bought today you got a good deal and if you sold you got a poor deal. So how did they get the price so wrong today with only 293 trades?

Do the MMs pay any attention to the closing UT price? From what I've seen before, next day opening trading price is virtually always below the UT closing price, just like it was this morning. Lets see if this happens again on Monday.

Will try and explain the UT price from what I know. The trades for every day are balanced after 4.30pm, usually at 4.35pm and marked UT, (balancing the books). That determines the correct closing share price. Auctions are also shown as UT but these are virtually always conducted first thing in the morning to get the correct opening price for the day.

Information on buying and selling shares is confidential. All companies, just like this site have to calculate if it's a buy or sell. Their computers know the midpoint of the spread price, anything below is shown as a sell and above as a buy. If it falls on or near the midpoint it's shown as unknow. Example, today at

15:47:53 58.90 150,000 Unknown* 58.80 59.00 88.35k

This trade was on the midpoint.

In a nutshell, the trades for the day on all sites are not correct. All unknown trades are not included in these figures. Also, if you sell shares above the midpoint it will show as a buy or buy below the midpoint it will show as sell.

Bigpunt. I would like to thank you for jogging my memory. You rightly stated about the success of the credit card and that got me thinking again. Why has Vanquis lost so many customers since 2018, when the customer growth was a success prior to then. Eureka, it hit me. I remembered what happened to myself regarding my HSBC credit card. I looked back to see when this was, blow me down it was in 2018. HSBC contacted me and asked if I could increase my payments, my reply was no, I'm happy paying my minimum payment, which I'm allowed to do under the credit card agreement. I then received a letter stating I would not be charged interest on the balance anymore and all monthly payments would come off the balance. They also said I could not use the card again, ( I hadn't used the card for approx 5 years). I paid the balance off in two years and the account was closed. When I received that letter I thought happy days, why have they done that.

What is it about 2018? I searched the net, credit cards 2018 and lo and behold this is what I found. NEW CREDIT CARD RULES introduced by the FCA.

FCA published: 27/02/2018:

The new rules come into force on 1 March 2018, but firms have until 1 September 2018 to comply.

'Under these new rules firms will have to help customers to break the cycle of persistent debt and ensure customers who cannot afford to repay more quickly, are given help.'

Figures show that customers in persistent debt pay on average around £2.50 in interest and charges for every £1 that they repay of their borrowing. There are a total of 4 million accounts in persistent debt and firms have few incentives to help these customers because they are profitable.

Under these new rules firms will be required to take a series of escalating steps to help customers who are making low repayments over a long period, beginning when the customer has been in persistent debt over 18 months. After this time firms need to contact customers prompting them to change their repayment and informing them their card may ultimately be suspended if they do not change their repayment pattern.

Once a consumer has been in persistent debt for 36 months, their provider will have to offer them a way to repay their balance in a reasonable period. If they are unable to repay the firm must show the customer forbearance. This may include reducing, waiving or cancelling any interest, fees or charges.

Firms who do not comply with the new rules could be subject to action by the FCA.