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MMM that doesn't look like a great deal..................<br />
anyone know a online calculator to work out average share price
if one buys more shares in sterling.
Well during the last month VM and CYBG have been the best performing banks in the Banking Sector - Happy Days. Another nice rise today.
I've more or less found the answer to my own question on the following link:
https://www.telegraph.co.uk/business/2018/07/26/virgin-money-takes-8m-credit-card-hit-ahead-cybg-takeover/
The merger was supposed to have been agreed in Mid June. However we are still waiting for any official comminication regarding a consolidation in the merged group, name of the new group etc. Does anyone have any idea why it's taking so long? At least in the meantime the SP has reached the levels that we hoped it would for a takeover to happen :)
The Ex-Dividend date is the 9th August so I expect the SP will rise a bit more until then and then drop back slightly.
Regulators have upgraded vm. balance sheet. Our core capital ratio has been increased by 250 points to 16% which analysts believe could force CYBG to improve offer. Well I was unhappy with offer price anyway so I certainly hope they do.
Per year . Well that is amazing news for future profits and future dividends. That alone makes the deal a great move for both parties. Ad on the extra cross fertilisation of business income increase and you get one huge amount of increased value and income.
Trying to say there will be a TSB crash .The reason for the tsb crash was because they did it on the cheap. I doubt cybg will take that risk.
The cybg shares and when it hits 350 plus sell and enjoy any dividends. They acquired the vm asset for virtually nothing and have its cash pile and its worth 4.50 a share . I see cybg share price being manipulated for s while till they are worn down to take a low profit and then when they have gone boom up goes cybg share price . So I will hold
Completely agree this deal stinks!!!
The take out the weak and then resell for profit
Looks like the deal as gone down well with the markets then !! Low 3.40s finsh today.. if we're luck ? Then where ?
And the hedgefunds like to manipulate the price to get the weak to sell for a small profit and then they move the price when they are ready . Haven’t you learnt how the wolves and sharks devour their victims
So might as well keep the new shares and get the huge rise in a few weeks and months as the real value of the combined banks is recognised, especially VMs 4.50 value which has been stolen from the shareholders in my opinion
Look at virgin rail , look at his virgin cola , look at his virgin bride , look at his space ships .
Oh well its all over bar the shouting.......VM shareholders truly shafted. way way too cheap someone has been crossing palms with silver me thinks......Mr Branson will certainly have got his pound of flesh.
Share price up to 3.57 and approximately 1,800,000 buys v approximately 998,000 sells. Now we wait .
Theory is , did someone short this share to manipulate this low takeover price ? We will never know . We are are just minnows swimming in a sea of corrupt giant sharks .
What annoys me most brokers were way above where we are now anyway....I think we could have been close to this price without the CYBG deal
Agree and perhaps a reason why this share has always frustratingly traded below the values of the other challenger banks. You look at the likes of metro which have huge growth ratings compared to this share where focus seems to be on the problems rather than the opportunities which I think are huge. I also slightly wonder how valuable the virgin brand really is in the medium to longer term given railways problems etc. the other challenger banks seem to grow happily enough without it.
Has a huge conflict here , which was why when CYBG said they were now sorting out that bit , seemed to me , stuff the shareholders, you’ll get the scraps we are prepared to give you . Won’t be investing in a company he holds a large chunk of in the future if that’s his attitude
I get the same impression that the only sticking point is the licensing deal for the virgin brand. And agree he's not bothered about increasing the offer. Quite annoying as I think most pi would agree current offer is not enough, and the "improved offer' is actually a decrease.
Slightly uneasy about the Branson role in this. He has a bit of a conflict here. He may be more concerned about getting a favourable licencing deal for the virgin name than a few extra percent on the offer level. It may be more palatable for CYBG to give him a more favourable licencing deal than upping the offer for all shareholders. Whilst I appreciate that he doesn't have a controlling stake, his 35% plus shareholders who hold shares in both banks is well over 50%. I think his decision will therefore probably be decisive one way or another. Of course, he can't be too obvious about it but it is the licencing that seems to be the biggest negotiating point from what I have read. He gets roughly 1% of revenues at the moment and increasing that to 1% of a much larger bank is clearly a massive plus for him so I would be very surprised if ultimately he doesn't get behind this.
Fairly confident that if this deal goes ahead there will be some cash involved that may be straight cash or a special divi can�t see it happening as it stands....but at this price it�s worth the risk if it doesn�t go through VM will drop but I think it will only be circa 15p - 20p max as we would have established a value and am sure there would be more suitors