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REST ON A SUNDAY

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  1. The business’ share price continued its descent today to 18.25p per share (4:15pm, 16 December). Twelve months ago the share price was trading at around 300p :(per share. This morning, AKO Capital sold 54 million sha res in Cattles, reducing its holding to zero. Welcome Finance offers secured loans to customers with adverse and heavy adverse credit profiles. "ONWARDS AND DOWNWARDS" CATTLES Discussion CTT CTT.L - Interactive Investor QUOTE "Stripping away all the chat, and wishful thinking, for me and for many, this company has proved to be an unmitigated disaster. I have held the shares for many years and have subscribed to its rights issues that were for, allegedly, expansion and funding. I have lost over 90% of the capital invested and now 100% of the income. It may or may not survive but with the management that we thought was competent but clearly has not been, it quite possibly will not and even if it does it will be a very long time if ever that we recoup our investments let alone make aprofit. It has clearly overtraded, entered areas into which it should not and if I were a lending bank I would not advance another penny without new management. I think the best course of action is just to forget about Cattles for a year, enjoy Christmas and ensure that other investments prosper in the New Year. There are lots of good companies around -sadly Cattles is not one of them. " Currently Active Caggers Viewing This Thread: 6 (1 registered Caggers and 5 guests)
  2. hello charlie1 "welcome" (as opposed to welcome .... cattles ,shopajoke etc ) to CAG it has been noted you to date have posted solely on the cattle group , we look forward to your future posts on non cattles topics (perhaps sheep) the answer to the question why all of a sudden the smooth over publicity for cattles from charlie1 .............. (eg the stating of the existence of a compliance officer at cattles -- thanks to you giving the details ) the answer lies in the thread below .............. oh and by the way Cattles passed on their dividend this morning http://www.consumeractiongroup.co.uk/forum/debt-collection-industry/173796-cattles-application-banking-licence.html#post1874993 anyone object to cattles being granted a banking licience ....... please form an orderly queue
  3. hello charlie1 "welcome" (as opposed to welcome .... cattles ,shopajoke etc ) to CAG it has been noted you to date have posted solely on the cattle group , we look forward to your future posts on non cattles topics (perhaps sheep) the answer to the question why all of a sudden the smooth over publicity for cattles from charlie1 .............. (eg the stating of the existence of a compliance officer at cattles -- thanks to you giving the details ) the answer lies in the thread below .............. oh and by the way Cattles passed on their dividend this morning http://www.consumeractiongroup.co.uk/forum/debt-collection-industry/173796-cattles-application-banking-licence.html#post1874993 anyone object to cattles being granted a banking licience ....... please form an orderly queue
  4. why all of a sudden the smooth over publicity for cattles from charlie1 .............. the answer lies in the thread below .............. oh and by the way Cattles passed on their dividend this morning http://www.consumeractiongroup.co.uk/forum/debt-collection-industry/173796-cattles-application-banking-licence.html#post1874993
  5. the question is do you have any reason to believe cattles are not fit and proper persons to hold a banking licience?
  6. "Cattles, the sub-prime and doorstep lender, has been forced to admit that its application for a banking licence from the Financial Services Authority (FSA) is "proceeding at a slower pace" than expected, after its shares sank more than 20 per cent today. Shares in Cattles fell 22.3 per cent to 28.75p on speculation surrounding the lender's application for a banking licence. Companies applying for a licence have to prove to the FSA that they have enough capital adequacy to qualify and in April this year Cattles raised a further £200 million through a heavily discounted rights issue to help it meet the regulator's demand. The year before, Cattles tapped its investors for £133 million to fund its expansion. As a bank, Cattles had been hoping it could draw in around £1 billion in retail saving deposits by 2010 to reduce its reliance on the wholesale funding market, where banks lend to each other and have all but frozen in the current climate. Cattles is currently in talks with its lending banks, led by Royal Bank of Scotland, to renegotiate a £500 million credit line due to expire next July. In today's statement, Cattles said it was "dealing with a number of requests for further information" from the FSA. "Given the current banking environment and market conditions, the FSA is proposing more stringent tests for firms, particularly relating to liquidity and stress testing, on which the FSA has recently issued consultative papers," it said. "As a result, Cattles' application is proceeding at a slower pace than the Company had previously anticipated." A formal decision from the FSA on the licence application is expected by February 2009 at the latest. " Cattles dives on bank licence delay - Times Online
  7. it is believed that traditionally CL Finance and not the lewis group ,have sent such a letter of assignment --- which is never received until court action has been started --- is it possible to let caggers look at a copy of the letter with the personal details removed, because this appears to be a change of tactics by lewis debt recovery/cl finance ????? has everyone else got a lewis letter ?
  8. see this thread http://www.consumeractiongroup.co.uk/forum/legal-issues/168111-witness-statement.html?highlight=WITNESS
  9. IF YOU READ THIS THREAD AND SEE THAT GE MONEY ARE HAVING TO PAY COMPENSATION FOR HARRASMENT IN AUSTRALIA THEN THOSE WASHERS WILL HAVE TO BE MADE OUT OF PLASTIC http://www.consumeractiongroup.co.uk/forum/debt-collection-industry/169176-ge-money-pay-compensation.html
  10. they will be able to rest 7 days a week never mind REST ON A SUNDAY :grin:
  11. there is light at the end of the tunnel (in OZ at least) ge money to pay compensation to debtors for harrassment in australia - The Consumer Forums
  12. AND NOBODY WANTS TO BUY 1ST CREDIT EITHER Planned Sale of UK Debt Buyer 1st Credit Put on Hold (07/25/08) Planned Sale of UK Debt Buyer 1st Credit Put on Hold An auction conducted by Citigroup to find a buyer for United Kingdom-based accounts receivable management firm 1st Credit failed to find a buyer willing to pay what the firm’s current private equity owner was looking for. Earlier in the year, it was reported that Bridgepoint would be seeking at least $650 million for debt buyer and collector 1st Credit (“
  13. http://www.consumeractiongroup.co.uk/forum/debt-collection-industry/169176-ge-money-pay-compensation.html "EPTAS" EVERY POSTING TELLS A STORY Report Due on GE Money Collection Practices (08/25/0 Report Due on GE Money Collection Practices A report on GE Money’s debt collection practices in Australia ordered by the country’s securities regulators was due on Friday. /go/arm-news/australia-slaps-ge-money-s-debt-collection-practices">Australia Slaps GE Money’s Debt Collection Practices,” May 22). Despite a promise to pay consumers, GE Money had not provided any compensation two months later, according to an investigation by the newspaper The Age ... 1 GE Money Slow to Disperse Debt Collection Penalties (07/15/0 Under the agreement, GE Money was to monitor and overhaul its collection unit and pay compensation to customers that were impacted (“Australia Slaps GE Money’s Debt Collection Practices,” May 22). But the company has yet to pay out any of the consumer compensation, according to The Age, a ... Australia Slaps GE Money’s Debt Collection Practices (05/22/0 Australia Slaps GE Money’s Debt Collection Practices Australian regulators have come down on the practices of the debt collections division of GE Money in response to consumer complaints about harassment from the company’s collectors. ” Under the EU, GE Money must hire an independent expert to review its debt collection practices to ensure they comply with Australian guidelines. ” The regulators updated the EU on GE Money and the firm agreed ...
  14. ge money to pay compensation to debtors for harrassment in australia no it isn't april fools day and believe me it will in time it could happen in england i am informed. 100% Report Due on GE Money Collection Practices (08/25/08) Report Due on GE Money Collection Practices A report on GE Money’s debt collection practices in Australia ordered by the country’s securities regulators was due on Friday. /go/arm-news/australia-slaps-ge-money-s-debt-collection-practices">Australia Slaps GE Money’s Debt Collection Practices,” May 22). Despite a promise to pay consumers, GE Money had not provided any compensation two months later, according to an investigation by the newspaper The Age ... 100% GE Money Slow to Disperse Debt Collection Penalties (07/15/08) Under the agreement, GE Money was to monitor and overhaul its collection unit and pay compensation to customers that were impacted (“Australia Slaps GE Money’s Debt Collection Practices,” May 22). But the company has yet to pay out any of the consumer compensation, according to The Age, a ... 100% Australia Slaps GE Money’s Debt Collection Practices (05/22/08) Australia Slaps GE Money’s Debt Collection Practices Australian regulators have come down on the practices of the debt collections division of GE Money in response to consumer complaints about harassment from the company’s collectors. ” Under the EU, GE Money must hire an independent expert to review its debt collection practices to ensure they comply with Australian guidelines. ” The regulators updated the EU on GE Money and the firm agreed ...
  15. InsideARM: Debt Portfolios for Sale whilst american military personal are doing their day to day activities ( no need to comment on whether we agree with their actions) the debts that they have incurred are quietly being sold off anyone fancy putting in a bid ??? " Comments: Verizon Services Operations will be offering for sale a delinquent account portfolio consisting of land line accounts from across the Verizon footprint. Verizon is the original owner of this paper and the portfolio has NOT been part of any previous debt sales. Bill media is available for these accounts. The Chargeoff Date listed above is actually the Weighted Average Final Bill Date. The initial bid date is 11/4/2008. There are 4 separate regions included in this portfolio. The New England region consists of 164,785 accounts with a face value of $65,369,210.42. The Weighted Avg Final Bill Date is 1/01/05. The New York region consists of 549,967 accounts with a face value of $221,629,111.75. The Weighted Avg Final Bill Date is 2/17/04. The South region consists of 204,476 accounts with a face value of $44,680,733.17. The Weighted Avg Final Bill Date is 12/15/05. The West region consists of 243,954 accounts with a face value of $70,323,215.57. The Weighted Avg Final Bill Date is 9/26/2005. Reserve price for all regions is 1.5%. Please contact Mandy Silva to receive the confidentiality agreement. "
  16. AT LEAST THERE WILL BE NO REDUNDANCIES AT CABOT UK:lol: to quote cabot itself "save for statutory officers , cabot uk does not have any employees" now on the subject of cabot financial (europe) ltd by their own admittance , "cabot europe are licensed by Barclays to send Notices of assignment in relation to all such debts assigned to the claimant (which is CABOT UK- who have no employees)" licensed means cabot are allowed to write on "simulated" barclays headed notepaper so you think the letter is coming from barclays when it is in fact coming from cabot (Europe) Ltd
  17. InsideARM: NFCC Urges Credit Card Companies to Adopt Plan to Help Consumers Repay Debts NFCC Urges Credit Card Companies to Adopt Plan to Help Consumers Repay Debts November 17, 2008 Press Release November 17, 2008
  18. having looked at a very old rbs application form (1990's) for a mastercard credit card it does not say anywhere who the agreement is between which in my humble opinion invalidates it ??i
  19. having just referred to the NatWest notice of variation of the t & C issued in march 2006 it now defines "we,us our " as national westminster bank plc , and any person our rights and duties may be transferred to. meaning the early t & c did not say and any person our rights and duties may be transferred to. draw your own conclusions what that means :grin::grin::grin:
  20. it appears that in 2000 the NatWest cards were issued by NatWest Card Services see NatWest Card Services CRM Strategy Increases Profits With Prime Response Integrated Marketing Solution; NatWest Cards' CRM Investment Will Offer a Return in First Year | Business Wire | Find Articles at BNET "CAMBRIDGE, Mass.--(BUSINESS WIRE)--April 11, 2000 NatWest Card Services, the major credit card issuer in the United Kingdom, has recognized some exciting results from its CRM strategy, through its use of Prime Response's (NASDAQ, EASDAQ: PRME), integrated marketing solution, Prime Vantage. NatWest Cards is one of the first organizations to quantify the impact of deploying its CRM strategy and demonstrate a strengthened relationship with its customers." however by 2001 the amended nat west credit card terms and conditions referre to "we, us ,our "as national westminster bank plc despite this triton in the future (a few years later )were to refer to our client as "NatWest card services" ?????? the word assignment comes to mind has anyone got an old agreement to see who the early agreements were between ?
  21. remember remember (apart from the 5th of november) exactly who citygroup owns http://www.consumeractiongroup.co.uk/forum/debt-collection-industry/169091-citigroup-sell-cabot.html#post1822836
  22. May 12, 2008 "As a part of its recent announcement that it would shed up to $500 billion in assets, Citigroup will be winding down some of its investment funds acquired over the past few years. Sources inside the world’s largest bank (ranked by assets) say that one divestment coming soon will be United Kingdom-based debt buyer Cabot Financial. Citigroup (NYSE: C) will be looking to wind down some of the investments it has made through acquired investment banks, including Nikko Principal Investments (NPI), a U.K. and Australian-based private equity business. Citigroup acquired NPI’s parent, Nikko Cordial, last year. One of NPI’s largest investments is debt buyer and collection agency Cabot Financial, which it bought for nearly $480 million in 2006 (“UK's Leading Debt Purchaser Acquired for $479 million,” April 10, 2006). A source inside Citigroup told U.K. paper The Independent that Cabot would be one of the business divested by NPI. The move is part of Citigroup’s announced plan to shed non-core assets in the next couple of years (“Citi to Shed $500 Billion in Assets,” May 9). Kent, England-based Cabot is one of the largest debt buyers in Europe, employing nearly 400 people." with the recent CITIGROUP redundancies is the day of the sale of Cabot now much closer ??????
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