Virgin Money Investors - VM.

Virgin Money Investors - VM.

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Stock Name Stock Symbol Market Stock Type
Virgin Money VM. London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 349.30 01:00:00
Open Price Low Price High Price Close Price Previous Close
349.30 349.30
more quote information »

Top Investor Posts

its the oxman: Not a great end for VM but at least most recent investors can walk away in profit.
ojh2kent: dividend growing nicely too but conservatively, and not stupidly, so nice outlook for large investors
ojh2kent: was thinking the same thing Oxman! investors finally seeing the bargain that's to be had here, or will we see retrace back to 260's again soon enough
nothingtogain: The hardest part is the waiting. An absolute bargain! A fair value on this company would be 16 times current earnings. Currently below 7... wow.. speculation works so well for investors!
nothingtogain: Don't worry Kent, if you are invested here you are fine. Speculation /gambling is 99% of the market, hence why this price is so low. The great thing speculation /gambling does is give investors great opportunities. This is a great investment but will only materialise over time. Another great opportunity for people to buy in today
markg29: Does anyone know if any of the virgin group companies have had any kind of history with entertaining take over bids, from my limited research it doesn’t look like any of the virgin companies apart from Virgin America (where RB was couldn’t prevent a hostile take over due to him not being an US citizen apparently) a few years back, have been targeted by bigger players! With consolidation of banks on the agenda are investors wasting their time with VM expecting it to be the next challenger bank snapped up, so maybe OSB is the preferred investment?
bigbertie: OXMAN 256 - someone could bid but they would need support of any shareholders with more than 30% of the shares - when I last checked both Virgin Management and a US investor held over 30%. There must be some kind of legal deal with Virgn, so I suspect takeover unlikely, at least with the Virgin name.
stockbob: CC2014 i feel your pain! only 400,000 plus sold but more tax that bought . all the sells lately have been automated sells and mostly small amounts. like i said before we have no PPI and no historical claims against VM. to think we are getting towards the price when the brexit result was announced last june! Last time this year we were about £3-05 and nothings changed except the share price. can not understand why all the high street banks are up! This share will be back over £3-00 soon trading update coming 17/10/17 Perhapscthe management should make some sort of statement earlier to reassure investors GLA
stockbob: Can not see any reason what so ever for this decline down by over 10% since last Friday feel the management should make some sort of statement to assure investors here GLA
rhatton: Interesting. "This bank could be cheap Challenger banks such as Virgin Money Holdings (LSE: VM) have been a profitable investment over the last few years. But Virgin Money has lost 15% of its value over the last 12 months, even as competitors soared ahead. What's gone wrong? Well, it may be nothing. But investors have become concerned about the credit card market, an area where Virgin has delivered rapid growth. The bank's credit card balances have risen from £1.5bn to £2.7bn in the last 15 months, and it's targeting £3bn by the end of 2017. Much of this growth has been driven by offering interest-free periods of up to 41 months. Banks record profits from credit card customers during these interest-free periods, on the assumption that customers will start paying interest at a later date. So credit card growth has been making a nice contribution to Virgin's profits, even though many customers aren't paying any interest. The risk is that instead of staying loyal, customers nearing the end of their interest-free period will simply transfer their balance to another provider offering interest-free lending. If this happens, credit card issuers such as Virgin could be forced into significant profit writedowns. The bank's shares currently trade at a 28% discount to net asset value, with a forecast P/E of 7.8 for 2017. This may seem cheap, but the prospective dividend yield is just 2.1% and the situation looks uncertain to me. I think there's better value elsewhere."
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