Grill Bimsie
17 Nov 2017
Virgin Money shares are too cheap "Virgin Money shares are too cheap, says Shore CapitalVirgin Money (VM) shares are ‘far too cheap’ considering the roll-out of a new digital banking proposition and better net interest margins (NIM), says Shore Capital.Analyst Gary Greenwood retained his ‘buy’ recommendation and ‘fair value’ price of 345p on the stock, which slid over 14p, or 5.2%, to 260.6p after saying its share of the mortgage market would be at the low end of its previous forecasts and that its NIM would shrink.Greenwood said he was unconcerned about the ‘moderation in growth appetite’ in mortgage lending as he was positive about the plans for digital banking to be rolled out in 2019.‘At the heart of the launch is a new personal current account with the aim of raising £5 billion of balances within five years of launch, which we expect to be beneficial to the overall cost of funding for the group,’ he said.Greenwood said factoring in a more ‘conservative stance in lending growth, positive guidance on margin and impairment for 2018 and improved guidance for the medium-term return on tangible equity, we think the shares look far too cheap’. "Cheers,
flexdream
16 Nov 2017
Bad news Possible overreaction to the cautious news I think, which was clearly leaked earlier this week.
II Editor
26 Sep 2017
NEW ARTICLE: Lloyds Bank receives dividend boost from regulator "LSE:LLOY:Lloyds Banking Group shares had been in a downward trend since the end of May, bottoming out at a five-month low early September. However, they've rallied since, outperforming both the UK banking sector and wider market, which are both ..."[link]
Ripley94
17 Sep 2017
Re: Float This flashed up on alert must of hit price i came in at 1 year 8 months ago .I see it fell to about 200p summer 216 at one stage. 1.76% yield paid April and August .Not been a good choice , but some just leave it in bank its as good as that maybe ... lol
Annoyedinvestor
22 Aug 2017
Why isn't the management coming under pressure? Given the poor recent performance of this share, why hasn't the performance of the board come into question. At the moment they are the only ones who appear to be getting anything out of VM.
II Editor
28 Jun 2017
NEW ARTICLE: What new Bank of England report means for Lloyds and others "UK banks are becoming investable again, but they remain very much under the scrutiny of regulators. Despite the Bank of England's bi-annual Financial Stability Report reducing the overall warning level on the sector from "elevated" to "standard", ..."[link]
Bunny007
24 Jun 2017
Wellington Mgmt Reduces Short Wellington Management Company reduced short by 18% to 1.62% down from 1.80% on Wednesday 21st June.
Bunny007
05 Jun 2017
RNS - Prudential buys 1.3 Million Prudential bought 1.4 million on 1 June. This might counter the shorts a bit.
Bunny007
02 Jun 2017
Time for another swing up ...good time to buy for another swing up I'd say.
TalygarnTom
28 Apr 2017
Re: >4% drop today? Could be something to do with the reasons outlined in this article. Banks were the third worst performing sector today. [link] caution among consumers was underlined on Friday in separate figures from the British Bankers' Association. These showed British banks approved the fewest mortgages in four months in March and consumer credit growth slowed.Banks approved 41,061 mortgages for house purchase last month, down from 42,247 in February, the BBA said. Annual consumer lending growth slowed to 6.1% from 6.5% in February, easing further from October's 10-year high of 7.2%."
kiama42
28 Apr 2017
>4% drop today? Any ideas what caused the drop?
Maru118
14 Feb 2017
5% today Guess I was right. Long way you continue VM
Maru118
13 Feb 2017
Full Year Reports Due 28th end of this month. I expect them to be in line with the positive trading statement released a while back. I'm fully loaded, but others may wish to get in before the update. Report will confirm the strength of the company with brexit affecting it very little. Good chance to get in now imoAs always, dyorMaru
onewayticket
11 Jan 2017
Out. This along with OSB was one of several Brexit plays from last year and both were grossly oversold and have made fantastic returns. Time to depart VM for me and leave some potential profit there for others.I shall invest in a few identified for 2017 stardom.Own due diligence
II Editor
22 Sep 2016
NEW ARTICLE: Prepare for Lloyds dividend shock "Investors hanging onto their LSE:LLOY:Lloyds Banking Group shares in the hope of a dividend windfall should prepare to be disappointed. That's the warning from Stephen Bailey and Jamie Clark who run the FUND:GMGX:Liontrust Macro Equity Income ..."[link]
