Member Info for zccax77

Alas I doubt there are many with a buy in price below 15p

Thomson sold to me last week. My average cost last week was 13.6p. I could not believe the market was pricing this so low. I kept on looking at the segmental analysis in the annual report and could not understand why the price was so low.

I brought 70k worth on Thursday. On Friday my Colombian girlfriend dumped me because I spent too much time on my phone looking at share prices whilst on vacation in Lanzarote.

Love your maths there. Try closer to 1.1%

Cy23, Ratesetters platform is a beast, even with highly illiquid and constrained funding they were doling out loans at a rate of £500m a year, imagine what they could do with with Metro's billions.

Oaknorth mainly do development funding, which is high risk and return and which is why they returns look good, but on a risk adjusted basis can easily blow up.

"the worst loans are made in the best of times, and the best loans are made in the worst of times"

Investor112 what made you jump on this yesterday?

Does anyone think there will be a rights issue?

Same here, just wish the price stays here for a few months for me to load up with my salary.

PDav alot of us are awaiting on a number of items:
1) AIRB approval
2) MREL framework update
3) Almost all small-mid sized banks are struggling thus the need for M&A, MTRO could be easily gobbled up
4) Possible FCA/PRA fine

JJ, better buys such as what?

100p broken, nice. This should never have gone down to 60p

Hopefully won't hear from that knut again.

A lot of activity for a 183m mcap bank.

BS, I would ignore the JPM position since I think they are just a conduit for the shorters.

The Group’s in-house underwriter AICL continues to play an important role on the motor panel, providing a source
of competitively priced risk, primarily focused on lower risk drivers. AICL also underwrites a portion of the home panel,
although all the risk in the home insurance business is passed on to a third party insurance company.

You are right, so the reduced claims on motor should benefit Saga.

Well Boris is not stopping me. Plan to fly out to Lanzarote next Friday. Will no doubt have to quarantine when I come back, but that won't make much of a difference to me since I work from home anyway.

We know they are burning £6-8m a month on their travel/cruise business. This is £84m pa (7*12), therefore their travel losses should be offset by their insurance profits.

Their 2019 free cashflow was £93m and their fixed costs on their travel business was £77m, all other costs are variable.

Just pray they breakeven this year. The market has marked this down by £350m for having nil profits this year (last year cashflow was £93m).