Virgin Money Uk Share Discussion Threads

[arja] 09/8/2023 12:55

tried to bounce early on but now weak again and underperforming other bank stocks ! I had hoped it would break out decisively over 180 ( wry smile ) . Still retain a modest holding but thinking of cutting loss or maybe hedging with a short using a spreadbet !

[crazi] 08/8/2023 10:47

Have you noticed that since the SHARE BUYBACK SCAM started again the share price has done nothing but fall! Was 182 and now 169 in just a week...

Share buybacks are a scam. The Brokers use the large monies (half your dividend) to weight the sell side of the order book. Drive prices down to buy cheap. Illegal activity but the FCA are useless. Happens on every banking share.

So yes they write off a few extra shares but they damage the share price and leave the company value much lower than the extra shares gained.

CEO's should be clear to the house Broker that buying on the open market goal is to increase the share price and company value or get sacked OR the CEO's need to go because they have lost touch with their priority --- company value / share price and dividend returns.

[arja] 02/8/2023 14:33

yes , easy to hang on and forget to let profits run and cut losses quickly . I never had the discipline to do that and sooon changed to day or occasionally overnight trading although sometimes retain a small holding if chart shows a nice steady short term uptrend . I guess exit point today was when it spiked to almost 185 but that is being smart in hindsight :) . VMUK then retreated in the bearish market but could do well again when markets rebound - much depends on FED announcement I suppose

[rmillaree] 02/8/2023 07:44

Who knows where shareprice can go. I have been looking for decent exist price since the day i bought and with hinsdight probably should have sold at prior peaks. When its going ok its easy to forget how quickly the profits can "vanish" and then some on top when times get tough and customer stop paying loans/mortgages down.

I am happy to hold and happy with the Super Straightforward Efficiency plan- sounds good as long as they are keeping tabs on customer satisfaction. Reality is here that peeps who dont like to try doing things the digital way may be off to another bank - the reality is they are probably happy to lose those customers (but will that bank be any better?). To me the % digital only transactions metric is good - lets hope they dont only trot this out when its positive. As they are adding new digital services its pretty much a given this stat will look good now.

[arja] 02/8/2023 07:35

certainly is Netcurtains and might be the catalyst to break through that 180 chart resistance at last !

[netcurtains] 02/8/2023 07:18

Good trading update this morning

[arja] 24/7/2023 07:08

I too sold at that level but stupidly retained a small holding . Chartwise it looks like more short term decline .

[shawzie] 20/7/2023 13:35

Sold 179.
Hope to buy 160 or below.

[arja] 18/7/2023 14:38

wondering if VMUK can keep rising, albeit with a struggle . and get to 180 chart resistance this week .

[arja] 17/7/2023 13:28

I see - interesting and ADVFN will be wary of that obviously . VMUK keeps coming back to 168 and a bit and you should do well with it . I wish it was a NO SD stock ?:)

[netcurtains] 17/7/2023 11:35

arja: I doubt it was foul language - it probably was libelous against someone or some company. I think that is normally the only time ADVFN act.

[netcurtains] 17/7/2023 11:04

atja: The name appeared for ages but there was no message. So he had the last post until I posted mine (on top).

I sold some too. But kept most. I was told "let your winners go on - they tend to rise more than you think". But yes, well done.

[arja] 17/7/2023 11:00

how do you know that netcurtains ? Sold my remaining VMUK early on at 168.20 as market looked uninspiring . Hope I can buy back at a lower price as chart looks quite good :)

[netcurtains] 17/7/2023 07:39

I wonder what katewilli said to get post deleted?

[swiss paul] 14/7/2023 11:52

Rank Lending (£bn) Market share Rank Lending (£bn) Market share
Lender (2022) (2022) (2022) (2021) (2021) (2021)
Lloyds Banking Group 1 52.7 16.8% 1 55.9 18.1%
NatWest Group 2 41.5 13.2% 2 36.1 11.7%
Nationwide BS 3 37.8 12.1% 3 35.4 11.5%
Santander UK 4 35.7 11.4% 4 33.2 10.8%
Barclays 5 29.7 9.5% 5 33.0 10.7%
HSBC Bank 6 27.5 8.8% 6 27.3 8.9%
Virgin Money Plc 7 10.5 3.3% 9 9.8 3.2%
Yorkshire BS 8 9.8 3.1% 8 10.0 3.2%
Coventry BS 9 8.9 2.8% 7 10.1 3.3%
TSB Bank 10 7.0 2.2% 10 7.2 2.3%
The top ten lenders for BTL loans are:


Rank Lending (£bn) Market share Rank Lending (£bn) Market share
Lender (2022) (2022) (2022) (2021) (2021) (2021)
Lloyds Banking Group 1 7.47 13.1% 2 6.75 13.9%
Nationwide BS 2 6.55 11.5% 1 7.43 15.3%
NatWest Group 3 5.86 10.2% 7 2.15 4.4%
OneSavings Bank Plc 4 3.56 6.2% 5 2.89 6.0%
Santander UK 5 3.14 5.5% 3 4.25 8.8%
Coventry BS 6 2.83 4.9% 4 3.29 6.8%
Yorkshire BS 7 2.74 4.8% 11 1.15 2.4%
Barclays 8 2.64 4.6% 6 2.38 4.9%
Paragon Banking Group 9 2.09 3.7% 9 1.72 3.5%
Virgin Money Plc 10 2.05 3.6% 8 2.11 4.3%
Source: UK Finance

[arja] 14/7/2023 07:28

fair enough netcurtains . Disappointing start for VMUk but market pausing for breath - hope it picks up later along with the wet , colder weather today :)

[netcurtains] 14/7/2023 06:55

arja: Yeah that is true but there is little evidence of mass defaulting but there is evidence of "profiteering" eg Minister has spoken to banks saying "please dont make so much money" (only about 2 weeks ago).

[arja] 14/7/2023 06:50

closed in OZ at higher level than here in UK which is odd . Probably means VMUK will hit about 169 today ! higher interest rates are actually a double edged sword for banks as can also mean more mortgage defaults and losses as a result .

[netcurtains] 13/7/2023 12:59

banks are again appearing to pop into blue.

[flyfisher] 12/7/2023 17:52

Coincidental good news is that the government is seeking to enable companies to access their pension surplus.

At H2, VMUK had an accounting based pension surplus of £610m along with a surplus on a technical provisions basis.

[netcurtains] 12/7/2023 11:58

It went up so much it appears some "nutters" must have been shorting it. Thats nuts with the interest rates rising. Its a licence to print money.

[flyfisher] 12/7/2023 07:21

The stress test results are positive and they have reaffirmed the probability of a buy in during H2.

As this sinks in to market expectations i would expect a firmer s/p.

[netcurtains] 12/7/2023 07:11

Stress Test for Virgin says "great for Dividends"