Ve Bionic Etf Discussion Threads

[swiss paul] 04/11/2019 12:45

as Doris Stokes said - see you on the other

[outlawinvestor] 04/11/2019 12:34

Yep - VMUK

[krutt] 04/11/2019 11:15

Is there a new ticker?

[swiss paul] 02/11/2019 22:33

Apparntly we now is Virgin bank.Wonder if we will everget back to Virgin price?

[arja] 29/10/2019 07:36

looking sick again and possibly more downside but dependant on brexit news I suppose

[leoneobull] 24/10/2019 22:39

I'm in mtro, long to tune of quite a few shares, but from a low base. I think it is high risk high reward, as 5 quid 3 maths ago, and arguably it is putting its accounting loans scandal behind it. But DYOR, tread carefully cause it is risky

[arja] 11/10/2019 05:28

certainly will be up today after OZ performance although UK is normally lead market for this stock. I notice MTRO strong on thursday and might have turned too but a bit early to call it

[nick rubens] 08/10/2019 16:04

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?

[mallys83] 08/10/2019 13:23

Maybe drop to 50p

[arja] 04/10/2019 19:53

oak tree,
I agree with much of what you say but not about necessity to read the b/s and P&L unless investing . I have no time for that and make money using CHARTS through CFDs or
spreadbets . Of course on days when the dow up strongly like today, it would be nice to be holding a few stocks over the weekend .

[the oak tree] 04/10/2019 15:14

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

[arja] 04/10/2019 13:16

but it has picked up a penny or so on back of a stronger US futures after good job
figures from USA. But an almighty struggle .

[arja] 04/10/2019 13:03

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

[mallys83] 04/10/2019 12:40

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.

[nigthepig] 04/10/2019 11:21

arja - serious cash problems, technically insolvent. Pretty strong words, I'm sure you can back them up with serious and detailed facts.

[arja] 04/10/2019 09:19

it is now a SOR situation and hit a new all time low today . Seems best to exit ojh any intra day bounce as the market seems to be suggesting this comnpany has serious cash problems and might even be almost technically insolvent . Historical accounts are next to useless at times . It is recovering a bit in last 10 minutes .

[plz1cc1now] 04/10/2019 08:51

My average is 116 .. what’s yours?

Getting worried the drop is not stopping

[mallys83] 04/10/2019 08:49

What the hello is going on with the share price dropping so much? Anybody know? Anybody

[mallys83] 04/10/2019 08:23

I guess I was wrong 105 now and still dropping. Could be a year or more before I even break even now. Lost Thousands of pounds. That's the way gambling goes I suppose.

[mallys83] 02/10/2019 20:30

I am down a large amount. Will have to ride out the storm. The only way this can go now is up.

[swiss paul] 02/10/2019 19:29

nd the rout continues - ffs even Metro are not this bad!!!

[arja] 16/9/2019 06:29

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

[arja] 10/9/2019 19:13

yes, filling gap and next chart resistance at 130 level

[babbler] 10/9/2019 10:28

looks like I was right... Nice. didn't buy of course but nice.