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Virgin Money Share Discussion Threads
Showing 76 to 96 of 100 messages
|Has market underestimated Virgin Money mortgage growth?
23 March 2017, 11:55
Investec banking analyst Ian Gordon thinks consensus forecasts for net mortgage lending at challenger bank Virgin Money (VM) are too pessimistic.
Figures out today from the Council of Mortgage Lenders showed gross mortgage lending of £18.2bn in February 2017, up 1% year-on-year and the best performance for that month in nine years.
Noting the January level was also the best over the same time-frame, Gordon asks: ‘When will consensus correct?’
Net mortgage lending shows the flow of new mortgage lending minus any repayments. Gordon’s forecast is for net mortgage lending in 2017 of £3.8bn, representing 13% growth, against the consensus estimate for £2.9bn.
UPDATE IS ON THE HORIZON
Investors may get an indication of who’s right when Virgin delivers its first quarter interim management statement on 25 April.
Gordon reiterates his 385p price target, against the current share price of 321p, and ‘buy’ recommendation. He says: ‘We expect it to deliver a superior total shareholder return over the next 12 months vs every large-cap UK bank.’
Link -> hTTps://www.sharesmagazine.co.uk/news/shares/has-market-underestimated-virgin-money-mortgage-growth|
|I thought excellent figures.|
|Shares down now on results. Any views? Brokers unhappy?|
its the oxman
|1 trade news|
|Haike about to pop market cap less than cash and 4 fold increase in profit. No brainier|
|RBC Capital Markets initiated coverage today with an OUTPERFORM rating and 415p TP.
Link -> hTTp://www.4-traders.com/VIRGIN-MONEY-HOLDINGS-UK-18537029/news/Virgin-Money-UK-RBC-CAPITAL-INITIATES-VIRGIN-MONEY-WITH-OUTPERFORM-TARGET-415-PENCE-23870601/|
|Standard Life have just added circa 15.9M shares to their holdings resulting in 44.6M compared with 28.7M before. That's about £50M worth.
Link -> hTTp://www.investegate.co.uk/virgin-money-hldgs--vm--/rns/holding-s--in-company/201701311500026300V/|
|Jefferies has today increased their TP from £4.00 to £4.25.
With 3 brokers increasing their TP's in January alone I wonder if we'll get a run-up in share price prior to the 2016 Final results which are scheduled to be released on 28th Feb ?
We should then get more news on the new digital bank offering which will fuel further growth.
Link -> hTTps://www.thecerbatgem.com/2017/01/31/virgin-money-holdings-uk-plc-vm-pt-raised-to-gbx-425-at-jefferies-group-llc.html|
|I agree with Barclays, for once!
|Virgin Money Holdings (UK) PLC (VM) Price Target Raised to GBX 380
Virgin Money Holdings (UK) PLC (LON:VM) had its price target hoisted by Barclays PLC from GBX 350 ($4.30) to GBX 380 ($4.67) in a research report issued on Friday. The firm presently has an “overweight” rating on the stock. Barclays PLC’s price objective suggests a potential upside of 17.68% from the stock’s current price.
Link -> hTTps://www.com-unik.info/2017/01/06/virgin-money-holdings-uk-plc-vm-price-target-raised-to-gbx-380.html|
|Don't understand the lack of interest in VM. Surely there's value here?
|One seriously cheap bank....|
|Placing at £3.20. The market didn't like it!
|Why Barclays plc just can't compete with Virgin Money Holdings (UK) plc
Link -> hxxp://money.aol.co.uk/2016/08/12/why-barclays-plc-just-cant-compete-with-virgin-money-holdings-uk-plc/|
Jonathan Goslin at Numis Securities is more cautious on loan growth and impairments, which is why he expects to cut earnings per share estimates by 10-15%. However, he still thinks Virgin is "very good value" as improvements in operating efficiency should underpin "significant balance sheet growth for very little incremental cost".
"We believe there is a near-term opportunity for investors to benefit from a significant improvement in Virgin Money’s underlying fundamentals," he writes, predicting "strong EPS growth over the next three years". That explains the 'buy' rating and 490p price target.|
|Excellent set of results, a longterm hold as this develops into a major player in the UK marketplace.|
|Agree LK , property has been screwed for some time now.|
|Puhlease Not this mascronicguy BS again. For short interest Have a look at the ALD thread starting from post 722 on the 27 Apr'16
This crash has been on the table for some time. It has a lot more to do with all the serial killer taxes like Osborne's stamp duty on BTL and ATED on nonresident property investors. Brexit was just a trigger has nothing whatsoever to do with the structural problems in the property market.|
|Here - these are taken from the daily short positions report issued by the FCA.
|Mas, where are you getting visibility on short positions in this?
|There are no discernible short positions here so I think you'll find that the fall in the price is a mixture of existing shareholders selling stock and negative sentiment on the sector.|