Ve Bionic Etf Discussion Threads

[jias] 19/8/2019 13:13

UBS today upgrades CYBG from neutral to buy stating that it has. Underperformed the sector by 20% and UK banks by 15%.They cannot be too worried over potential legacy issues.

[arja] 16/8/2019 06:42

amazingly CYB in OZ up by 10 cents although UK is lead market . Maybe aussie punters expect a good day for CYBG in Uk today on back of an improving US markets

[arja] 14/8/2019 22:15

chart shows a SOR situation and with dow crashing today on recession possibility and
inverted yield curve , more downside likely

[swiss paul] 14/8/2019 16:02

Hmmm wonder who made the money out of the Virgin takeover?

[jias] 14/8/2019 12:13

Is this a screaming buy or a total basket case? Virgin money holders have been totally shafted by this so called value enhancing takeover.

[cantrememberthis2] 14/8/2019 08:38

Its hunting for 134p, from 352.40p.
Short Sellers all over this just like Metro Bank.
But I'm all in Metro Bank at its Risk vs. Reward better for me, having just had a funding round of £359m in May 19. Higher CET1 Ratio.

[swiss paul] 13/8/2019 10:29

Hah - so there is a 'legacy issue' and looking at what the market is saying they think there is some truth. But I cant believe it is just the issue that xtr has raised, methinks there are other issues at play here.

Any thoughts?

[xtrmntr] 11/8/2019 22:00

https://www.heraldscotland.com/business_hq/company_news/17828217.clydesdale-fresh-row-business-loan-claims/

[swiss paul] 03/8/2019 08:29

Aye considering we are a 'challenger banks' with supposedly no legacy issues then why are we getting a kicking worse than the old style banks, something is not adding up.

Does the city know something we don't? yes we all know how the old boys network and we PI's are always the last to know

[5chipper] 02/8/2019 07:31

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.

[swiss paul] 01/8/2019 20:10

Aye OX - seems a kicking for waht seems to be a slightly below average TU. Is not been pretty since they wiped out teh Virgin brand - only to want to resurect it again!

[its the oxman] 31/7/2019 14:55

Like what?

[5chipper] 31/7/2019 11:02

Is the market missing something or am I missing something!?

[its the oxman] 31/7/2019 09:29

Next figures might not be pretty. Best not to hold till after perhaps.

[its the oxman] 31/7/2019 09:28

Lloyd's not helping.

[montyhedge] 30/7/2019 21:51

Seems overreaction.

[swiss paul] 30/7/2019 16:32

Ouch
(Alliance News) - CYBG PLC on Tuesday said it remains on track to deliver an annual performance in line with guidance despite a reduction in margin and mortgage lending in the third quarter.


The stock was trading 7.2% lower on Tuesday in London at 184.50 pence a share.


CYBG completed a GBP1.70 billion all-share takeover of Virgin Money Holdings UK PLC in mid-October last year. On Tuesday, CYBG said "good" progress continues to be made with the Virgin Money integration programme. CYBG said its third-quarter financial performance and business commentary have been prepared on the basis that the combination with Virgin Money had been in effect since October 1, 2017.


The owner of the Clydesdale and Yorkshire banks plans to rebrand itself as Virgin Money by the end of this year.


For the three months to June 30, CYBG reported a small decline in net mortgage lending of 0.2% to GBP60.4 billion, due to higher redemptions in the period and lower new business volumes. For the year-to-date, net mortgage lending growth was 3.0%.


Business lending growth in the third quarter was 0.5% to GBP7.7 billion, with lower new business volumes in a subdued market, CYBG said, but with a strong fourth quarter pipeline of new lending.


Meanwhile, personal lending growth in the period was 5.7% to GBP4.8 billion, primarily due to strong growth in credit card lending, the company noted.


The FTSE 250-listed company's CET1 ratio increased slightly to 14.6% as at June 30, due to lower risk asset growth in the third quarter. However, CYBG reaffirmed its target CET1 operating level of 13%.


Net interest margin of 168 basis points for the nine months to the end of June was 3 points lower compared to the six months to the end of March due to the re-financing impact of a large volume of mortgage redemptions in the third quarter, the company explained. CYBG said annual net interest margin is expected to be at the lower end of its 165 basis points to 170 basis points guidance range.


Looking ahead, CYBG said it continues to progress towards its target for GBP200 million of net cost savings by financial 2022 and as at third quarter had realised GBP45 million of annual run-rate savings.


"The group continues to deliver on its targets with another quarter of resilient performance including disciplined lending and deposit growth in line with our recently announced strategy," said Chief Executive David Duffy.


"Our net interest margin is tracking as expected and we delivered further cost efficiencies in the period - even with the twin pressures of Brexit and the highly competitive mortgage market, we remain on track to deliver full year performance in line with our guidance," added Duffy.

[arja] 02/7/2019 06:47

is edging up lately and for some reason OZ price is ahead of Uk closing prioe today although still 15 minutes to go in OZ plus 10 minute auction period .

[swiss paul] 27/6/2019 21:28

Do I spot a slight recovery?

[swiss paul] 20/6/2019 21:15

Hope so - its really lagged and I was considering selling

[arja] 19/6/2019 14:49

sparked into life today after virgin news ! might run to 220 in course of next few weeks

[its the oxman] 05/6/2019 14:58

Yes it's cheap , trying to persuade myself it might be worth a punt but forecast div and eps have been trimmed over past months and just not sure what is going to spark cybg into life.Will keep watching.

[montyhedge] 29/5/2019 14:12

Look good value to me for a tuck away.

[arja] 24/5/2019 07:54

yes, as chart tells the story but might just be bottoming