Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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need to hold above 270....if it breaks i see 258 but i think we will hold...
Am happy for now that circa 270 could well be the bottom.....very strong buy
If i am right we should bounce of the 270 level
If you take a closer look the lows are getting higher (sounds daft) but from the lows of 258 every time we have dipped it has been higher than that so the time to buy was yesterday or maybe today with the lows now around 270 however there is a caveat to that and that is if we get another major hit like monday....but i see the new lows at 270 now.....strong buy
At the 260 or lower level , this is becoming a very good buying chance. Previously , every time the sp came down to the 260 level it quickly went up to the the 300 level , so there is a good short term profit to be made. Of course we are dealing with a possible major correction in the markets now but the long term fundamentals are still very positive for VM. What is required is patience and nerves of still now to pounce once the price is right.
Keep the faith..... you cant keep a good company down for too long fundamentals will prevail in the end.....nothing has changed within the company over the last month...has to be Brexit...
Phoenix100 WOW �350 - �480!!!!! Alas I suspect that you mean 350p-480. However that would still be a decent return.
I really want to say something but I am loss for words on the sp over the last few days. I thought VM was past big drops like this ,I guess not :(
This is being hit hard for some reason....prob brexit but I still see a great company thats being run very well buy on the dips as they say...
I hope this Challenger Bank do not get taken out as I feel it is worth more to me long term with progresive dividends been here for about 18 months and have added on any weakness and will continue to do so......very happy very strong buy..
Great to see positive posts on this board and a strong view this stock is undervalued. I have seen VM Money tipped by many for 2018. Agree with earlier comments regards a takeover unlikely but a share price of �3.50 / �4 during 2018 in my view very realistic. Virgin is hopefully continuing to gain market share through its headline best value introductory offers / rates . Gla
Hi Percy. I think what you say has some merit. However, there is the previous example of the One Account which was started by Virgin/Branson and RBS but is now owned solely by RBS. I have one of these acccounts, and although the online name is "The One Account" all the statements and other documents I am sent call it "The Virgin One Account". Obviously I don't know what went on behind the scenes during the RBS buy-out, but possibly the "Virgin" name is not so tightly held onto ?
Unfortunately Virgin will never be a pure potential takeover candidate - Branson (owns 34% of the company via Virgin Financial Services) would not divest a company and allow the buyer to utilise the Virgin name and any potential investor would not consider buying VM if they then had to change the name. The only hope would be if Branson decided to take VM back into private ownership.
So cheap , so much growth potential and safe solid brand . Someones going to swoop in and buy this company in 2018 in my opinion . Brokers and analysts rate this around �350 to �480 . Aldermore was taken out last year with a dawn raid virtually . It was still purchased way too cheap .
Although this is effectively a Bank it is a growth company with massive potential more so with the new regulations coming in.....dont you think it deserves a bigger P\E than 9.7? ...... I do thats why I bought a lot more today, the BOD are no nonsence....If this had a Mega Buy button I would press it.....watch this space....2018 the year, its even possible this challenger bank maybe bought out as seems to be the way with challenger banks at the moment. GOOD LUCK..
Even Directors are entitled to sell to make a profit ....in most cases however I would agree it doesnt look good, but the fundamentals and growth potential here are hard to pass up yes the last RNS wasnt the best but if you look at what they are doing (investing for the future) I think it does bode well....we will have our bad days but ultimately this will rise into 2018.....GLA
Does not look good when a director sell shares,I have bad feeling for the future of the sp of this share
This will boost their mortgage business - lots of young, first time, home buyers on Virgin's radar.
Compass - entirely agree
Indeed, indeed. I like how Virgin Money is run, I'm a big fan. I feel it's a bank that can stand the test of time so long as subsequent Senior Management going forward follow the ethos of the current.
personally would rather they stuck being a saving and mortgage/credit card business. Current accounts are a lot of risk for virtually no reward. SME lending on the other hand might be a profitable venture. In terms of a cost effective model mortgages and savings are very hard to beat and hard to really get wrong. Think this chasing the current account market is a bit of management hubris hence the drop.
Maru - agree - I was just being a bit conspiratorial this morning. However it must be said that some of the bigger banks could do with taking note of what VM is doing.
It could be that Virgin has learned from its predeccessor Northern Rock. The latter was tightly run (well, until it went bankrupt that is) but had no worthwhile deposits and had to buy in money, which it meant that was punching above its weight. Virgin seems a bit more cautious. Sentiment and money don't mix, but Virgin provides a better service than most and have a reputation as decent employers, so if the world has not collapsed by midday Tuesday, I will take a punt.
The big banks artificially dropping a share price would have very little impact, if any, on the day to day operations of a challenger bank. Companies are valued on their book price, not what some traders and speculators are prepared to pay for it in the the short term. Share price could b 100 and their business would continue expanding and producing record profits.
Makes you wonder whether the 'five big uns' helped to pull the sp down yesterday - they don't like VM muscling in on their territory. Mind you, I think the reiteration about mortgage margins didn't help. I like the look of the account software - it will be a big help for people to budget and look after their money.