swisspaul
10 Jul 2018
Virgin Money receives takeover offer from CYBG Does anyone have access to the CYBG research note recently published. I believe it is the cause behind the recent rise. regards
Ripley94
02 Jul 2018
Re: Float VM… XXXX Not able to place a deal ( D )
Ripley94
18 Jun 2018
Re: Float Bought these 21 January 2016… 2 1/2 years ago. @ 273p All share take over agreed with CYGB… offer value 371p. in hindsight should of averaged down when they fell to 200p summer 2016. Did he re-float it in Nov 2014 ? @ 283p
Regency Green
03 Jun 2018
Sky News Reporting that CYBG has tabled an improved all-share offer (so no cash element). Looks like they'll ask for a week's extension tomorrow. Will be interesting to see market reaction tomorrow - not expecting fireworks!
Maru118
08 May 2018
Re: Virgin Money receives takeover offer... Well I would agree it's undervalued and would complain hugely if it was a takeover and thanks and goodbye. But we're getting shares in the new company so plenty of chance for value to be realised.
Maru118
08 May 2018
Re: Virgin Money receives takeover offer... Well I would agree it's undervalued and would complain hugely if it was a takeover and thanks and goodbye. But we're getting shares in the new company so plenty of chance for value to be realised.
Another Jacko
08 May 2018
Re: Virgin Money receives takeover offer fro... Only taken a quick look at the proposed deal but I reckon it undervalues VM.
Grill Bimsie
08 May 2018
Virgin Money receives takeover offer from CYBG [link] feel like singing "We're In the Money" !!Cheers,
swisspaul
03 May 2018
Re: sp rise I think the realisation is beginning to hit in that the old banks are carrying to much old baggage and aren't doing anything except to try and keep stable (oh and pay lots of bonuses - but not as much in divis) I have moved my share money out of Barc & Lloyds as it was just sitting there doing nowt. Money should be made to work.
pasak
03 May 2018
sp rise Broker upgrades (better late than never I suppose) and fallout from TSB fiasco seem to be the factors driving the sp's upward momentum atm. Or is there more to it?
Another Jacko
07 Apr 2018
Telegraph article [link] guess if they cut costs by 50% it's going to cost them in the short term but could win them more customers longer term.
Maru118
23 Mar 2018
Re: Aberdeen stake I'm an investor in Virgin Money and even I'll say that a 1% charge for a tracker fund is scandalous. What does this tell me? The market really is full of ignoramuses, and I mean that in a respectful way. Efficient market hypothesis? My A-hole. The market is completely inefficient and that's where the money is to be made.
pasak
21 Mar 2018
Aberdeen stake Market has viewed this positively. The sp has gone up and STAYED up despite the falls in the FTSE. Noticed one or two big buys yesterday so some big cheeses are convinced.Was a recent buyer of the stock. My attention was drawn to VM. initially because of the remarkably good service I had received from them. I liked their individual customer approach and their no nonsense, efficient and user friendly online banking website. Once I probed their financials I saw conservatism and value. Citywire Mar 20, 2018 at 15:30"Can Aberdeen Standard drag Virgin funds back on track? Virgin Money's range of tracker funds, routinely the target of criticism over their high charges, are set for a shake-up after Aberdeen Standard Investments agreed to acquire a stake in the challenger bank's fund business.Aberdeen Standard will pay more than £40 million for a 50% stake in Virgin Money's funds business, which runs £3.7 billion across six funds for over 200,000 customers, in a deal expected to complete by the end of the year.The most notorious of these, and the largest, is the Virgin UK FTSE All-Share fund, which still houses £2.8 billion of assets despite longstanding criticism of its 1% charge.As a 'tracker' fund, it aims to replicate the performance of an index, in this case the FTSE All-Share. Charges attached to funds like this have tumbled in recent years, amid a price war among passive investment providers. The iShares UK Equity index, for example, which tracks the same index, costs 0.06%.Virgin's range of tracker funds appear immune to this trend, however. Its other four passive funds, covering bonds, global shares and mixes of those assets, also cost 1%. All five of the funds are run by State Street Global Advisors, which offers a FTSE All-Share exchange-traded fund carrying a charge of 0.2%.The Virgin Climate Change fund meanwhile carries a 1.3% charge and is actively managed by fund group GLG.Under the tie-up with Aberdeen Standard Investments, management of the funds is likely to be moved to the group.Aberdeen Standard has plenty of experience in running tracker funds, having run £109 billion of Scottish Widows clients' pension investments this way, before losing the contract last month.But if the existing Virgin funds continue to be run in this way, the issue of charging is likely to be high up the agenda following the tie-up.'It's something that we'll look at,' said a Virgin Money spokesman, adding that the new deal provided 'a significant opportunity to transform the Virgin Money proposition'."
JoseFrio
27 Feb 2018
Re: Excellent results and a nice dividend They do look good value at current prices, and excellent value if they were to lose today's gains. There is, I am sure, a property slump looming but I think VM are fairly cautious and won't suffer too much from bad loans, and will no doubt be poised to pick up more mortgage business when the biggest lenders batten down the hatches. It is refreshing to see that, despite their cautious approach to lending, they have increased market share.
flexdream
27 Feb 2018
Excellent results and a nice dividend Market seems to think so, but I won't be surprised to see these drop back based on previous.
