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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
|
|
|---|---|---|---|---|
| 0.102 | 0.60% | 17.063 | 16:35:28 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 17.22 | 17.061 | 17.22 | 17.063 | 16.961 |
| Top Posts |
|---|
Posted at 16/9/2019 07:29 by arja strange that closed in oz well down from UK close on friday and the punters there mustexpect a poor performance frm CYBG today . I think it will fall but hopefully only by a few pence as dow futures fell |
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 05/9/2019 09:45 by 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 - |
Posted at 05/9/2019 09:42 by its the oxman Anyone see any upside here? Seems to be a one way train for the banks and even worse for cybg. |
Posted at 20/8/2019 07:42 by arja no idea but I see what you are getting at . Aussie punters expect a down day for CYBG today but I am hoping they have got it wrong ! |
Posted at 19/8/2019 13:13 by jias 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. |
Posted at 16/8/2019 06:42 by arja 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 |
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 30/7/2019 16:32 by 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. |
Posted at 06/2/2019 11:39 by 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. |
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