Member Info for Swimmer2026

Thanks for reply. I do feel I waned to write down my mistake here for all to see and write it off. I'll be looking to buy here again maybe I miss the boat maybe not. Good luck.

Well done to everyone who made good trades here. I sold at £2.64 (tariff spooked) and so far haven't found the motivation to buy back in. I've looked at the chart and it won't speak to me. So, it's the safe boring side lines for me watching everyone have a good time. Trading isn't easy. Willing to be re-educated if anyone has any strong convictions for here or elsewhere.

The UK will need to get all the new migrants registered to vote in their hotels asap so that this time the political class and the bbc finally get the rejoin vote that they wanted in the first place. On a finance point. Bitcoin is in the red so it seems people are moving from risky 'assets' this week.

After topping up Friday morning, I bailed and sold everything late afternoon. I have mixed emotions now. Overall I was still in the green so banked it. Will be watching, feel like a trator for selling out. So reluctantly, I'm temporarily on Stumpys side of the fence now looking for the 246 area. Hoping my eyes see the chart without emotion in the comming weeks. Things were going so well. Remembering, last time Trump was in I got stung with his low oil prices so won't be going back to Enquest either, very tricky :(

Good topup day, new financial year new ISA, new budgets approved from monday. fears subside as we go into summer. happy to add and hold

Just reading an article in the guardian (21st Feb 25) that the reason the commision wasn't disclosed to the customer is because they (the commisions) were paid in advance as a lump sum upfront, so not specific for each customer? You could say this was more like a partnership, with one partner in the background.

Also I don't agree that the car salesman can wear two hats at once being both the salesman and an independant broker to get the customer the best deal are two apposing forces. Going forward this obviously has to be two different people.

I believe the banks that partnered with dealerships were offering a smooth pre-approved route that customers knew might not be the best interest rate going but it was a turn key product where you could walk in and drive away.

The banks need to be highlighting that the system worked back then and wasn't designed to trip customers up, albeit outdated now with so many online services available on people phones to get instant credit and loans.

The costlier loans were all part of the risk the banks absorbed in order to offer a one stop shop service to all.

What ever the outcome, I'm happy to have a few CBG shares for the longer term.

This case has gone way too far. As they say a little intelligence is dangerous. Imagine the Hopcrafts had three used car garages all next to each other and the exact same model/year car they wanted was available at each of the three garages. Lets say The Hopcrafts went on to chose the best deal of all three choices that day. The best deal of the day happened to be a garage who received a commission even though the other two garages would have cost them more. That Garage also paid a commission to the guy who got the car sparkling clean and fully functional that week, for his work and effort. It’s how the world works. If the hopcrafts went on to experience a good life with a good car, nobody came back to ask them why they were having such a good time and enjoyment with the car. However, if they were truely experiencing hard ship because of an excessively high interest rate or an excessively high commission then I would like to know this and also I would like CBG to go ahead and help resolve or refinance the debt to make it manageable. The judge needs to set a historical disregarded commission of below 5%. Anything above 5% each individual case maybe availabe for further investigated. With a £250 down payment to stop PPI time wasters. Lets get back to business, the UK needs growth. With low taxes and rules that stay the same over long time periods. Its called stability.

Strange how an unsophisticated Mr Mrs Hopcroft can bring a 150 year old bank to its knees but can't get a good deal from the car salesman. Hope trading suspends on Friday until Wednesday. Hope the judge can see that everyone knows not to fully trust a car salesman or an estate agent, solicitor, policeman. Good luck. Good night

I am thankful for the analysis that Knot provides, I also concur with his logic and his legal arguments. We all know that the city traders get the nod before us but in the long run close brothers is a solid bet and the herd hasn't arrived yet so hold and accumulate.

Just one more point i'd like to say if i may is that I believe in people sorting out their differences well before court is needed so I would like to see the industry taking the lead by recognising where they might have created financial hardship and showing willing at putting things right for everones wellbeing. I do think the industry should engage with customers and activly put right any possible wrongs. It would do their reputation well and ultimatly lead to more business. The dealerships should also bear 80%+ of the responcibilty after all they were the salesmen who may have crossed the line. Are they sleeping soundly at night or is something keeping them awake?

Black Horse and UK Fin are intervener in the case because it might affect them or expert witness.

The industry needs a common sence judgement here asap. Something like: 1. Unsophistication can only be judged case by case. 2. If its in the small print it's in the small print. 3. Going forward things need to be very clear for the customer. 4. Excessive commisions above 10% need looking at case by case. 5. anything below £250 is dismissed as historical. Most people can judge if there has been a rip off or not, don't need to be that sophisticated. example £10 for a pint of beer is a rip off do we take that to court? Close Brothers will live to finance many many more cars.

Yeah think of all those £183 commisions that CBG won't have to pay to the salesman anymore.

Added today

Lets all relax while we hold, buy and wait. The upward pressure will come.

I watched this mornings small trades of £5 and the £30 that printed a 10% gain and thought either this is to tempt people to buy or it’s stripping shorts out before moving down. Then i went to work and sure enough it was a game.

As much as I like our leader there is no way he is going into these downturns naked long. So constantly saying he has skin in the game is probably an immature way to view his position.

I do believe someone will have words and the EPL will be amended but we are not at that point yet and not at the bottom yet.

Nice to be part of something positive here. I honestly see gold going towards $5k per ounce over the next couple of years..

Evening,

I just wanted to report on a story unfolding in and around Ed's constituency (arrests made in Bentley nr Doncaster) regarding Drax Power, not directly Enquest related however some of you might be interested.

https://tinyurl.com/muvj6zef

To summarise; there seems to be a group of environmentally aware people who wanted to peacefully draw attention to the trees being burned at Drax while currently attracting renewable subsidies. It seems that authorities thwarted the protest before it could even begin. Presumably this demonstrates their technical abilities to scan electronic media for potential uprising.

Stay safe, protect your family and keep your head down.

Enquest is far from destroyed, lets call it a bump in the road. AB will steer Enquest through this period just as he did with the collapse in oil prices, he is only 61 years old. Government Policy is far from ideal but if the industry put some work into improving Energy Industry Education and Awareness then opinions could soften. Labour only knows inflation as a solution which means Oil prices are heading to well above $100 to keep pace with gold.

Finally some good news, lovely.

Today looked like price was dropped just searching for stop loss positions. Did anyone buy today?