Ripley94
21 Jan 2016
Re: Float Came in today. @ 273
Ripley94
20 Jan 2016
Re: Float 283 p ....13 Nov 2014.
Octavio Paz
09 Sep 2015
Increased liquidity! Virgin Money investor Wilbur Ross near-halves stake (ShareCast News) - Virgin Money shareholder Wilbur Ross sold a further 50m shares in the challenger bank, cutting his residual stake in Virgin Money from 23% to 12%. The WL Ross & Co shares, which were placed with institutional investors by Goldman Sachs in accelerated bookbuild, were sold at 405p, a discount of 4.4% to Tuesday's closing share price. The 12% stake is now subject to a fresh 90-day lock-up, after the previous one expired, while James Lockhart, Ross's board representative will now stand down, according to Reuters. WL Ross acted quicker than we had expected, said Investec, adding that it is possible that further share placements within the UK challenger bank space may follow given that private equity majority stakeholders are now out of lock-up at OneSavings and, as of today, Aldermore. "For some, the increased liquidity in Virgin Money shares will in itself represent a positive. For us, the key attraction is that Virgin Money now trades on only 1.6 times 2015 expected triple net asset value for a 14.1% 2017e tNAV which, on our forecasts, is materially ahead of all FTSE 100 banks." .
Stabilo1
06 Aug 2015
investors chronicle 29th July Website branding from Virgin Money (VM.) has animals wearing summer garb under the taglines 'Get ready for summer' and 'Take it easy'. But there was no need to dress up the challenger bank's half-year figures. A 37 per cent increase in underlying profits to £81.8m prompted a maiden interim dividend and sent the shares up over 13 per cent on the day - pretty "groovy", as its marketing team would have it.The challenger bank outperformed on most of its key metrics. Net interest income, which factors in expenses, was up 27 per cent at £220m. That was driven by gross mortgage lending of £3.6bn, an increase of 44 per cent on last year's first half. In reaction to pricing pressure in the residential sector, the company tweaked its product mix to focus on the higher-yielding buy-to-let market.The company also managed to improve its funding by raising prices on its retail deposit back book, which means paying less interest to older customers. Importantly, 95 per cent of them stayed on board anyway. Virgin Money has also sought to increase its wholesale funding, a cheaper route in current markets.One of the few clouds was the chancellor's profit surcharge, which will slow down the pace of returns to investors.Analysts at Investec Securities expect full-year pre-tax profits of £123m, giving EPS of 19p. That compares with £34m and an EPS loss of 4p in 2014.
mcescher
29 Jul 2015
Virgin Money Holdings (UK) fundmentals report The EPS growth is expected to be 58%. ([link] Anyone believe the analysts?
II Editor
20 Jul 2015
NEW ARTICLE: Virgin Money shares could double "Chancellor George Osborne's Summer Budget blew the wheels off LSE:VM.:Virgin Money's seven-month rally. The shares slumped by over 13% in the aftermath, having surged by over two-thirds since November's IPO. But analysts at Barclays have done the ..."[link]
Octavio Paz
14 Jul 2015
I'm in! Gut feeling – I fancy these! @ £3.92
Nick Lssn
08 Jul 2015
Challenger banks suffer worst day BUZZ-UK challenger banks suffer worst day on record after bank levy change[link]
Nick Lssn
08 Jul 2015
Share Price Share price taken some battering last few days . Influence from Greece prob.
II Editor
20 Apr 2015
NEW ARTICLE: Trends and Targets for 20/04/2015 "THE BANKING SECTOR (FTSE:CROOKED) is our area of interest this week. Okay, the real sector code is NMX8350. Unsurprisingly the sector remains essentially flatlining and is trading around 4430 currently. Only if above 4570 would we recommend ..."[link]
Nick Lssn
16 Apr 2015
Re: Under £4 [link]
dontlikenicknames
16 Apr 2015
Re: Under £4 topped up yesterday....also bought aldermore and shawbrook challenger banks.
Nick Lssn
16 Apr 2015
Re: Under £4 Billionaire sold off his huge steak in Virgin Money ... This stock still been tipped as a long term buy
dontlikenicknames
15 Apr 2015
Re: Under £4 [link]
Lucky888
15 Apr 2015
Under £4 Any idea what has caused the price fall more than 5% to below £4 today?
