Investing in Cattles

Blah99

Stavros wrote: »

Your tempted ain't ya

I was tempted, but unfortunately I just gave my last £200 to the lawyer representing the estate of a Nigerian government minister unexpectedly killed in a civil war, who needed my help to release the $11million USD held by ninjas in escrow. He assures me my cut of the profits is on its way.

A tasty $1million return on a £200 investment - I'm just off to buy a Gallardo.

Stavros_3

How can I put this tactfully, treat as you would a bird with V.D - at arms length

gozomark

Cattles aims to lasso a bailout

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article5780327.ece

Stavros_3

Timesonline wrote: »

The firm, which lends money at high interest rates to some of the poorest families,

Isn't this legalised loan-sharking?

ffacoffipawb

Stavros wrote: »

Isn't this legalised loan-sharking?

Without the likes of Cattles, the share price of Burberry would be even lower.

Blah99

Stavros wrote: »

Isn't this legalised loan-sharking?

Yes, although instead of breaking your legs if you don't pay they just seize little Waynetta's plasma TV.

Surprisingly lots of "reputable" companies are/were involved in the extortionate-rates-to-poor-customers thing, such as Provident Financial.

Stavros_3

gozomark wrote: »

down 50% today, to 7p

Down another 47% this morning to................2.73p a share :eek: :eek:

Wonder if the OP wants to buy 25,000 shares for £682.50

FraudBuster

Cattles the UK subprime lender, said on Tuesday it had suspended three senior executives in Welcome Financial Services, its main operating company, after finding that bad debt charges were going to be much higher than previously thought.
The group said it would now be required to enter talks with banks and bond holders, implying it expected to breach lending covenants

tonygee_3

Actually fell to a penny then bounced to over 3!

ad44downey

Buying rubbish like Cattles plc is like catching a falling knife.........