Member Info for wokinpark

I think they are just getting the tea and coffees and nice biscuits sorted

I think it is 10am and there is a link

https://supremecourt.uk/cases/uksc-2024-0157

there is also a recording of yesterdays sessions on that link from what i see

Ta

In laymans terms how does the Bribery Act come into this ? who is the bribe to and from ? from the lender to the dealer to "guide" the consumer to car finance (whether one type or another) when in actual fact there is no other lender available as dealers only tend to advise the customer of the finance product from one lender and even then of only one product.

Its probably me you are replying to but it would have been good of you to say who you were responding to !

ah well, riveting stuff as they say

Not wishing to argue too much about it, so if i receive amounts that i shouldnt have done because i didnt let the customer know about it, its not my liability as i would go out of business or bankrupt. thats good of Lloyds, Santander, Close Brothers et all to take the hit instead. wow.

so worst case, customer gets car, gets all their interest and commission back plus additional compensation, dealer walks off with the commission and the Lenders have to pay out the interest, commission and additional compensation to customers plus fees to the third party legal firms and basically gets nothing for the loan they let customers have in the first place plus additional costs for administering the claims.

I found it very difficult to follow him but he knows whats talking about. he also doesnt take you round the houses to make his point.

Is bored to death with this already

It still surprises me that the potential compensators are deemed to be the Lenders but not the Sellers of the vehicles and the sellers of the lending product who got the commission in the first place. they were the ones who should have disclosed all of this to the end user

Were like Joe Pesci in My Cousin Vinny........and actually made the proceedings interesting to listen to

Company website is at 25th Feb for major shareholdings

The webinar is next friday at 2pm so i am assuming results at 7am on Friday also ?

That's 2024. the only other recent one is a Corporate Presentation Jan/Feb 25

I have a feeling that process has already been TM'd by a number of O & G co's to date some of which are possibly still trading on the potential discovery to come one day when hell has freezeth over

I wont dispute any of what you say. what will cover the overhead now or will the cash resources that CEG has just be allowed to dwindle away over time ? it is now a one way bet on Uruguay coming good or the second farm out for a decent amount of money before shareholders sell out.

Ah, i get it now, $ 1.75m initially made up of odds and ends and then on completion $ 4.25m to cover all other bits and pieces. why do i get the feeling that CEG isn't getting much out of this deal. and the $ 2m top up will never be paid as the targets wont be met.

I must be completely barmy as i can only add up $ 5m initially from the multi faceted consideration before the top up ?

Https://www.theguardian.com/global-development/2025/jan/30/like-dropping-a-bomb-why-is-clean-energy-leader-uruguay-ramping-up-the-search-for-oil

Wow, great timing for a City Institution to buy in a decent stake. must be very pleased over there with a timely investment.

Im not a MTRO expert but the market i assume likes the trading update. however more historic fines, they never seem to end and i wonder how many other fines the company has stored up. was it provided for or a new hit ?

as soon as it hits 100 im out as that is my average price. the future might be bright for the co but it is a never ending saga of lack of controls and changing strategy. in the new world of digital banking i cant see MTRO achieving much