Member Info for Thunder2040

Seen this before with oil where it just tanks into oblivion for little reason - ridiculous tbh

Personally think there are some shorts hovering below the threshold here...scumbags

I think the trade deal ain't being signed pre Christmas - oil will drift and Caripa likely miss...Tullow will be savaged...and it will all come good in Jan, but for December I will mostly be reading about Gold :p

Got burnt holding a wilcat pre drill on Chariot Oil and will not make the same mistake again. Hope it hits for you MRD as you put skin in the game and took the risk, but I think the re entry after a miss and before the trading update in Jan is the play here.

Too much sentiment riding on Caripa for 15% chance - when in reality its Ghana that is the problem. I might rebuy if it dips on Caripa miss

Dumped it and went into Fres..GL all

What price on oil and this for a pre Dec 15th trade deal? More important than Carapa is sorting production.

I took another tranche this morning, but the seller is still present, perhaps I should have waited. I still think this is too cheap but concerns in the media seem to have resurfaced about the FCA again, with some outlets covering how the second clarification RNS was required in respect of the findings not be a validation of the business model. Just a completely unloved company - make me an offer Richmond Group haha

Would not be surprised, price is starting to slide again, can't keep any kind of momentum at the moment!

BigBangs, fyi he was on record as saying he wanted to redeploy capital into fresh projects so does want to reduce stake but maintain significant holdings.

Some of my highlights from the results:

'The interest rate for the securitisation facility is materially less than
both the RCF and the senior secured notes and should over time allow a significant reduction in cost
of funding' - potential margin improvement to come, can already see the impact on lowered interest charges

'The Group has recognised a complaints provision of £7.5m at the half year, bringing the year to date
complaints costs recognised in the income statement to £10.4m. ' - this included some future case provisions so expect might not repeat at same level, which again leads to potential future margin improvement.

'Utilisation to date is £2.9m, leaving a residual provision of £7.5m. ' Again, they are being prudent but provision utilisation is minimal.

'Percentage of book <31 days past due 93.5% vs 95.6% ' - cure rate improvement/positive ageing profile evolution

'we tightened our credit policy during the second quarter, only relending
to customers who have demonstrated an extended period of on-time payments. As a result, we have
seen a reduction in relending to existing customers from 38% to 22% of originations over the second
quarter. ' - expect this to keep the FCA happy, expand the customer base and reduce defaults

Ireland starting to grow, still growing in core UK market, throwing off cash, strong Trust Pilot rating - people need to wake up and smell the coffee here.

If Woodford are winding down their full position there could be more to come, they had 5%, at last count. The new American II took 3% recently, so maybe another 7 or 8 million - if its just them ditching. Today's rise was sold into heavily hence the retrace late on. Could get large moves north if the seller abates but I just don't know.

There needs to be a higher free float and more liquidity...got a feeling that Richmond Group are selling some maybe not just Woodford...I will dig my heels in here tonorrow if this dips I will be buying more.

I know more about it than you. And that pilot point is void but you are entitled to the opinion. If you are long you clearly can't be that concerned!

Disagree on the pilot. Why would you want you preliminary loanbook to be poor quality...the opposite probably!

Needs some II buyins to break out. Woodford and Invesco also had a huge chunk to sell. I think it settles over 70p again in a week or so.

Red finish? Someone is just lumping out sells...expect a TR1 tbh if this continues.

Investec still in this? Could be them or Richmond Group trying to increase the free float which was below the required levels. Broker targets are just daft these days..this stock is too cheap until it is 80 or 90p plus.

Someone is still flogging a load of this, being held back by the seller now.

Alwayswrong...there was nothing new there, they actually performed slightly better than had been suggested