Virgin Money Uk Share Discussion Threads

[netcurtains] 02/6/2023 16:03

yawn - I believe I was the only person to guess right.
Come on it was obvious.

[netcurtains] 01/6/2023 09:36

Do we know why stuff is going up today?

Is it because of the doodle dadlers and spoggles?
Or somehthing even more important like US kitlers better than expected?

[netcurtains] 01/6/2023 07:48

So if I hold off buying more for now, what do you think the maximum dividend yield will reach? 8%?

I dont know why you say sadly, I love these corrections - this is where the serious money is made.

[arja] 01/6/2023 07:25

not enough to hold it up as it can change suddenly when a company cuts or stops paying dividends . sadly chart suggests further downside to about 135 support level and markets are bearish lately .

[netcurtains] 31/5/2023 16:55

VMUK now has a dividend yield of 7.34% (Googles figures).

[arja] 30/5/2023 12:13

in normal times it would be good for bank margins Netcurtains. But it might mean more mortgage defaults which is a negative for domestic banks and of course house prices just as i am trying to sell my house with only one viewer since listing in October 2022 ( wry smile ) . have reduced price 4 times and that viewer loves the house and garden but can not get an offer on house they are selling - stipid english chain system :)

[netcurtains] 26/5/2023 08:01

Nationwide hiking mortgage rates by up to 0.45% as inflation shocks markets
UK mortgage lenders are hiking their borrowing rates as higher-than-expected UK inflation drives up the interest rate on UK government debt.


Are mortgage rates going up good-ish for bank profits?

[netcurtains] 22/5/2023 08:48

HSBC is blue so far this morning. I guess a good sign. Touchwood.

[arja] 18/5/2023 15:14

weird in a way that nasdaq again well up s higher yields should be bad for tech stocks :) . Anyway, am having fun trading ATT in recent days !

[arja] 18/5/2023 14:49

US bond yields rising again today as market expects more interest rate rises from the Fed . might help bank stocks

[arja] 18/5/2023 14:45

ex div today netcurtains and 6 cents div in oz, maybe about 3p here . Recovered really well in this bearish market

[netcurtains] 18/5/2023 08:46

Do we know why this went down this morning while HSBC went up?

You would think all the banks would behave more or less the same.

[flyfisher] 11/5/2023 09:02

It was due to the sets opening trade.

[netcurtains] 11/5/2023 08:57

Do we know why VMUK spiked on open?

[netcurtains] 11/5/2023 08:52

Of all the major UK banks VMUK gives the best dividend cover - about 7%.

[netcurtains] 10/5/2023 12:58

True but the market is a fluid not a solid

[arja] 10/5/2023 12:56

must take all that with a pinch of salt unfortunately . The share price is where it is because the market thinks it should be there . It was October 2018 when the share price was double the present price

[pj84] 09/5/2023 18:16

"Shore Capital: Virgin Money could be a bid target
First-half results from Virgin Money (VMG) were a ‘mixed bag’, but the shares are worth more than double the current price, says Shore Capital.

Analyst Ben Williams retained his ‘buy’ recommendation and ‘fair value’ target price of 320p on the challenger bank, which fell 1.2%, or 1.8p, to 145.4p at the end of last week.

The bank reported better-than-expected profit in the first half owing to higher net interest margins, which were largely offset by worse-than-expected bad loan provisions. Williams said the ‘outlook is mixed’ for the rest of the year.

‘Virgin Money’s shares are down 16% year-to-date and currently trade on a trailing profit/tangible net asset value of just 0.4 times versus guidance for return on tangible equity of more than 10% in full-year 2024,’ he said.

‘Our last published fair value of 320p equates to a trailing profit/tangible net asset value of 0.9 times and implies the shares are worth more than double the current price.’

Williams does ‘not think the very low valuation can be overlooked’ and that Virgin Money ‘could be a bid target if its share price doesn’t recover soon’."

[arja] 09/5/2023 15:31

spot on netcurtaina and a nice up move today . 160 area is chart resistance if recovery continues

[netcurtains] 04/5/2023 16:18

Its nearly all north since about 8:30am....

Hopefully we might see a bit of a recovery next week...

touchwood.

[rmillaree] 04/5/2023 14:59

"why the drop to-day ???"

1/3 of the profits have gone with provisions not there prior year

[netcurtains] 04/5/2023 14:28

HSBC gone blue.

[netcurtains] 04/5/2023 14:06

Its to give people an opportunity.....
All big rises and falls are opportunities....
Only time will tell.

[mike24] 04/5/2023 13:46

why the drop to-day ???