Ve Bionic Etf Discussion Threads

[montyhedge] 10/9/2019 07:42

PPI must be a lot of chancers, saying give it a go, nothing to lose, I bet half thrown out. Serious claims dealt with years ago.

[arja] 06/9/2019 13:22

has there been a better news announcement as it seems to be recovering nicely ?

[montyhedge] 06/9/2019 12:31

Fair punt I would say.

[nigthepig] 06/9/2019 10:00

Ha, excellent post.

[tomboyb] 06/9/2019 09:18

Yeah its a gamble -

I think its certainly puntable at these levels -

[babbler] 06/9/2019 07:51

then I guess you will be quitting the stock market then and stocking up on baked beans...

[arja] 05/9/2019 21:27

but that applies to many stocks and hopefully brexit can be avoided and the
adultsv in the room will win in the end

[saltaire111] 05/9/2019 19:27

I would not touch this with a barge pole. If the economy tips into recession, this is going to be toast!

Salty

[babbler] 05/9/2019 14:36

there was always going to be a mad last minute rush for claims... chancers last minute... likely not as bad as they state once processed... risky but may be worth a trade here with ii support yesterday higher price.

[swiss paul] 05/9/2019 11:56

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] 05/9/2019 09:45

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] 05/9/2019 09:42

Anyone see any upside here? Seems to be a one way train for the banks and even worse for cybg.

[tomboyb] 05/9/2019 09:42

Well -

its looking a bit weak again so could hit 110 levels again -

[arja] 05/9/2019 09:01

opened at 110 but now recovering a bit but I reckon it will be hit again quite soon.
I even wonder if this company is solvent and I just use charts to trade

[tomboyb] 05/9/2019 08:07

Down 20% -

Puntable? -

[tomboyb] 05/9/2019 07:51

250,000 110.65 07:29:10

on advfn -

[arja] 05/9/2019 07:48

where did you see that tomboy as nothing shown on L2 ticket ?

[tomboyb] 05/9/2019 07:44

250k sold at 110 first thing this morning -

[arja] 05/9/2019 07:06

that will change dramatically today and , based on what happened in oz on massive volume, likely to trade at about 110 to 115 today sadly

[liquidkid] 03/9/2019 11:00

On the risk of flogging a dead Clydesdale Virgin bank
At current spread of 1.40 to 1.41p the market cap is 2019 million.

[arja] 20/8/2019 07:42

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 !

[swiss paul] 19/8/2019 19:31

Is UBS the house broker?

[arja] 19/8/2019 18:01

yes, I saw that but sometimes pays to do the opposite of what an analyst says ! ( smile ) . I did trade it today using a CFD and kept a few until tomorrow