I agree Cattles is a rather dull and boring name and if the company gets its banking license it could do with an image change. Dull and boring however might be the way to go as a suggestion to being run the old fashioned way with a little more security. Anyway with a banking application underway we could well see a new breed of banks of which Cattles I think could fair well.

Sorry folks....39p
Makes those that paid 1.28 for "new shares" look dumb.

I wrote: 1May,2008."...9 for 20 Rights issue at 1.28 - oh dear, another lender finding business is not "as usual" - ( this is effectively 1 for 2 = dilution. ) - so expect a sp fall to about 1.50 once the new shares are traded.

[CTT] was 4.50 in Jan07, C.2.50 Jan08 - how things change, eh?

EDIT-(21Oct08) - 21k-buy today, av. 37p represents only 0.01% - recent Dir Purchases have not been "significant" IMHO - that's 50k++ each.
ateeq180 - Why did it rise yesterday? - - - Was this Dir-purchase "known" perhaps?.....
EDIT-(5Nov)-Dir Buy yesterday 31k looks interesting, but not when the sp was 1.28 for the "Funding" - this Dir got a Bargain, so why not 100k a piece?

very volatile today this share,any reasons.

Cattles has rising debts and lack of funding...16p now.

5p is a fairer price.

hlyeo98, I'm not aware of "risiing ddeebt" - can you explain, I know they have to re-negotiate a 600m debt in June09 - but in-between they will have some money returned by way of repayments - recent Statement merely mentions delays in getting their Banking Licence - if they don't get this, will it ruin the compnany? I doubt it, it's just that it will be a smaller business, until the credit-crunch is over.

However, I do fear the sp will suffer, as there seems little "good-news" and today I read RNS cutting the Dividend for next year. (I'm surprised this wasn't done earlier...)
Currently 16p to buy.