Virgin Money Share Discussion Threads

[catsick] 30/5/2018 15:17

What is the point of all these form 8.5 and 8.3 other than to bury what real news may exist....

[ojh2kent] 29/5/2018 13:34

CYBG To Up Its Bid For Virgin Money this has come from australia where it's already 30/5 haha. bit misleading, but they have until 4th June to up bid hxxp://www.sharecafe.com.au/sharecafe.asp?a=AV&ai=48715

[arthur_lame_stocks] 28/5/2018 13:40

Article in the Torygraph:



I'm not a subscriber so I haven't read it all but you should be able to get the idea.

[rathean] 24/5/2018 10:21

I wouldn't be too disappointed at the pace of the response from the bod. I wouldn't be surprised if other party(s) have asked for time to consider their position ahead of a potential bidding war. VM will be bought, it's just a question if time... yes that's a DM reference :)

[catsick] 18/5/2018 01:33

There is no way this deal goes ahead, I am surprised that virgin have not been more vocal over how lowball a bid it is and given an immediate rejection, the only thing I can think is they have engaged some investment bank to come up with some analysts on what a fair bid would look like in terms of ownership ratio, I also would not want to hold the new entity so would bail if there was a merger, I think we just plough in solo and see the shares now firmly floored and trade up to 5 quid over the next 2 years anyway...

[rathean] 16/5/2018 09:03

I'd be concerned if they accept the deal, not a fan of CYBG and their more liberal lending policy. Expecting another player to enter the fray, can't imagine VM is not on other radars imo.

[scothernman] 15/5/2018 21:05

Virgin money's true worth has come to attention with the current offer. 325p will be the base even if they reject and ask CYBG for more
...which they will surely. CYBG needs VM for future earnings boost.
Strong capital position" of the group meant that CYBG could absorb this PPI hit without changing its future strategy or aspirations. Analysts expect the bank will draw on capital to fund some of its bid for Virgin Money, with CYBG expected to benefit from a capital windfall due to an expected change to risk models.
Hold the stock for a good 15 to 20% appreciation in the short. Don't check on an hourly basis.

[ojh2kent] 15/5/2018 12:16

Good shout oxman

[ojh2kent] 15/5/2018 12:16

This board is dead. How so after 5% drop

[ojh2kent] 15/5/2018 08:47

CYBD losses 76m due to PPI charges - do we think this will affect the offer and the takeover possibility?

[bigbertie] 14/5/2018 09:23

.....and a bigger profit is a bigger profit! Good luck to all.

[its the oxman] 14/5/2018 09:08

Sold out today 350p. Good luck all, am sure this will get a higher bid now. But profit is a profit.

[ojh2kent] 10/5/2018 14:23

lol falling back as a result?

[ojh2kent] 10/5/2018 14:23

lol falling back as a result?

[ojh2kent] 10/5/2018 11:38

whens the AGM @brad?

[ojh2kent] 09/5/2018 16:39

hmmmm, not sure..? anyone?

[wilksey1] 09/5/2018 16:11

whats going on has the deal been rejected

[ojh2kent] 09/5/2018 11:17

the price rise has now triggered FCA scrutiny. Standard practice but hope this share price wont be too effected. Surely those muppets can see as well as anyone how undervalued this is and that the take over approach has woken ppl up IMO. thoughts?

[catsick] 09/5/2018 03:43

The fact that cybg was up today shows there is a lot of room for the bid to be increased, they are actually similar sized in terms of deposit base and loan book size, the starting point for a discussion should by 50/50 not 36% to virgin, The deal seems to be getting discussed as with synergies but too low I would expect branson would have no interest at this level and they will come back with something closer to 400

[bigbertie] 08/5/2018 21:39

well I'm holding because I think todays price is a realistic price regardless of bid interest. Forward p/e still below 10 and I think any government will continue to support house building and ownership. Just IMHO

[ojh2kent] 08/5/2018 17:26

so...

are peeps holding on for an offer at risk of not getting one or offloading :)?

[catsick] 08/5/2018 12:13

Just look at the massive fines and legal bills all the banks other than virgin are paying, meanwhile virgin are building a nice clean profitable, low risk business that can compound away and pay growing divs, this is an opportunist bid from a weaker player, in 5 years virgin can easily have a 2.5 bn market cap and be worth 7-10 quid no need to entertain this offer ....