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| Etf Name | Etf Symbol | Market | Stock Type |
|---|---|---|---|
| Ve Bionic Etf | CYBG | London | Exchange Traded Fund |
| Price Change | Price Change % | Etf Price | Last Trade
|
|
|---|---|---|---|---|
| -0.075 | -0.44% | 16.968 | 16:35:09 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 17.076 | 16.957 | 17.076 | 16.968 | 17.043 |
| Top Posts |
|---|
Posted at 08/10/2019 17:04 by nick rubens Isn't the uncertainty of the amount of PPI compensation bill causing the fall?Even without PPI, or after finally finishing paying out, how profitable is this bank expected to be? The only people who seem to get rich with banks are the bosses drawing salaries while investors/investment are generally used to subsidize their cycles of recklessness. Did anyone ever pay back a PPI based target sales bonus? |
Posted at 04/10/2019 16:14 by the oak tree I'm not a holder here but if I may Id like to add my 2p worth. Some may agree and some won't which is fine but its good to hear diverse views.First of all a Bank share is one of the most complicated shares to value in the market place. We all know even basic manufacturing companies with stock you can see and count can pull the wool over investors eyes with creative accounting , with a bank stock even if they are trying to honestly value the company it can easily make mistakes. For example how do you know the loan book is valued correctly? Are you sure all those business loans after Brexit will not default? So unless your very good at looking through a balance sheet and spotting issues why take the risk? TBH if your not willing or able to read a P&L and a Balance sheet you just shouldn't be investing in any shares other than investment trusts. The whole business strategy of being a Challenger bank is in my view on shaky ground. Thats why they bought Virgin to make themselves bigger so as they could compete. Im afraid to a large extent big is better when it comes to banking as the whole governance is a nightmare and continues to be after 2008. Big banks can spread that cost. Unfortunately big banks can't buy other banks to make them bigger as that is seen as bad nowadays after we learned some were "too big to fail" and so taxpayers had to bail them out. So those take over hopes are probably not valid. "It can't get any cheaper" why not? Just watch it. Unless you have a clear idea why not then get out. Being hopeful just loses you money! This isn't a football team your supporting :) Personally I wouldn't touch this stock with a barge pole. Anyway rant over. GLA |
Posted at 04/10/2019 14:03 by arja nigthepig,obviously you have not understood what I said . I simply said that the market, ie chart , suggests those things . I( have no time to study fundamentals of a stocks apart from a cursury look at financials shown on ADVFN - BUT normally investors are the last to know if company has problems as insiders have exited well before any news coming out |
Posted at 05/9/2019 11:56 by swiss paul FFS - why was this not flagged up when we (Virgi) was being bought where in the 'risks to investors' was this stated?CYBG, down 20%. The challenger bank said late Wednesday it expects to increase its legacy payment protection insurance costs for financial 2019 by between GBP300 million and GBP450 million. The bank said it saw a "significant spike" in payment protection insurance claims in the final days before the August 29 deadline. Earlier in the day, the lender said it has received "unprecedented volumes" of information requests from customers since the end of July. In its evening update, however, CYBG said up to GBP450 million could potentially be needed. The lender said about GBP100 million will be needed to cover the additional complaints, with a further GBP100 million needed for information request processing costs. An additional GBP100 million to GBP250 million is estimated to cover the cost of any potential payouts. |
Posted at 02/8/2019 07:31 by 5chipper Cybg mcap pre Virgin was c£3bn and Virgin mcap before being taken out was £1.7bn.So market has effectively halved the value of these as a combined group, regardless of the cost savings. All bank sps have been hit of late but not by 50%. Guess it's a wait and see if it will turn out as planned scenario with investors remaining sceptical. |
Posted at 30/6/2016 08:00 by hazl Thanks both.I have reiterated because posts were lost yesterday. I wonder if the Investors club have featured Blue Prism? |
Posted at 28/6/2016 20:01 by peach Write up from Value Investors Club. Was written several months ago when share price was 208p. But still lots of upside from current share price. Below is just the summary, full write up on VIC."We believe Clydesdale Bank (CYBG LN or CYB AU) is a classically undervalued spin-off with the potential to more than double in value in the next two to three years. Prior to its IPO last month, Clydesdale had been a small and neglected subsidiary of National Australia Bank (NAB AU), a large Australian bank located more than 10,000 miles away. Due to legacy issues at Clydesdale, regulatory pressures to simplify operations at NAB and the nuisance value of managing a UK operation that contributed just 3-4% of total group earnings, we believe that NAB was a price insensitive seller, resulting in an IPO valuation of just 58% of tangible book value. At the current share price of £2.08 per share, Clydesdale trades at 67% of tangible book, an attractive valuation for a bank with strong (and likely excess) capital levels that should reach double digit ROEs over the next 4-5 years." Further, we believe the Clydesdale investment opportunity has a number of exciting drivers and upside levers, including 1) a high caliber new CEO who has already successfully executed the Clydesdale playbook while he ran Allied Irish Bank (AIB) from 2011-2015, 2) meaningful cost reduction opportunities, 3) potential for excess capital equal to ~60% of the current market cap as Clydesdale moves to advanced risk weightings for the calculation of its capital ratios, 4) earnings upside from higher interest rates and 5) the potential to be acquired. Importantly, the financial impact of any legacy conduct issues has been de-risked through substantial indemnification from NAB. |
Posted at 28/6/2016 08:34 by hazl I will have to look at value investors club thanks. |
Posted at 27/6/2016 21:23 by peach Agree. I started a small position in this today. Attractive discount to tangible book. Ready to add if it goes much below this level. There's a great write up in Value Investors Club so I was keen for a good entry point. Not without its risks but they seem to be well priced. |
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