Share Name Share Symbol Market Type Share ISIN Share Description
Cybg Plc LSE:CYBG London Ordinary Share GB00BD6GN030 ORD GBP0.10
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 137.60 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
137.45 138.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Banks -164.00 -19.70 724
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 137.60 GBX

Cybg (CYBG) Latest News (1)

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Cybg Investors    Cybg Takeover Rumours

Cybg (CYBG) Discussions and Chat

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Date Time Title Posts
04/11/201912:45Clydesdale Bank165

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Cybg Daily Update: Cybg Plc is listed in the Banks sector of the London Stock Exchange with ticker CYBG. The last closing price for Cybg was 137.60p.
Cybg Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0p while the 1 year low share price is currently 0p.
There are currently 526,005,230 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Cybg Plc is £723,783,196.48.
swiss paul: Apparntly we now is Virgin bank.Wonder if we will everget back to Virgin price?
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
mallys83: I have now sold this share. Its going down like a ton of bricks and will be under 100p soon. Just not worth it. Lost over a grand on it.
mallys83: What the hello is going on with the share price dropping so much? Anybody know? Anybody
arja: strange that closed in oz well down from UK close on friday and the punters there must expect a poor performance frm CYBG today . I think it will fall but hopefully only by a few pence as dow futures fell
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.
tomboyb: Problem is economy looks like a recession is looming - Banks stocks however have already been hit so what happens in that recession - On CYBG i don't know enough but looking at the balance sheet quick glance those PPI costs will hit quite hard -
its the oxman: Anyone see any upside here? Seems to be a one way train for the banks and even worse for cybg.
swiss paul: 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.
swiss paul: Lender CYBG PLC on Wednesday said it had a solid first quarter, while its full-year net interest margin should be at the top end of expectations. Shares were 9.8% higher early on Wednesday at a price of 196.30 pence each. For the first quarter ended December, CYBG's net interest margin was 172 basis points. For its year ending September, the bank expects its net interest margin to be between 165 and 170 basis points. This would be down year-on-year, as expected due to pricing pressure in the UK mortgage sphere, but towards the top end of prior guidance. For the financial year ended September 30, 2018, CYBG's net interest margin was 2.17%. CYBG's first quarter lending grew 1.4% year-on-year to GBP71.9 billion. Mortgage growth was 1.5% to GBP60.0 billion and small and medium enterprise lending by 1.2% to GBP7.6 billion. The company's integration plan is going well, it said, and CYBG now expects at least GBP150 million of annual savings by the end of its financial year ending September 2021, from GBP120 million previously guided. CYBG is "strongly" capitalised, it continued, with the common equity tier 1 ratio at 14.5% at December's end, 60 basis points lower than September 30. Payment protection insurance complaints were 1,800 per week in the first quarter, CYBG also said, in line with expectations. "The group has made a good start to the year and we are making encouraging progress on the initial stages of the three-year Virgin Money integration programme," said Chief Executive David Duffy. "In a highly competitive environment, we have delivered ahead-of-market lending growth for our customers and improved our net interest margin guidance for 2019. We have also made good progress on cost reductions and have now increased our integration synergy target to GBP150 million," he continued. "I am particularly encouraged by our performance in small to medium enterprise. We are well prepared for the start of the RBS incentivised switching scheme and we hope to attract a large proportion of the 120,000 small to medium enterprise customers that RBS are required to switch." "We have also recently submitted our application for a grant from the RBS Capability & Innovation Fund, where we believe we offer the strongest case for delivering a genuine boost to competition in the small to medium enterprise market," Duffy concluded. Looking forward, CYBG is on track to achieve its objectives despite the "highly uncertain" political situation in the UK, and the unknown potential impact on the economy.
Cybg share price data is direct from the London Stock Exchange
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