focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
They will do it . They both need it and they intend to appear to ensure the deal is done . So I’m afraid it will happen , but possibly at a slightly higher price
Really hope this offer never materialises or falls through. I don't think the offer is enough and the 'increased offer' (which at present is actually a decreased monetary offer, never seen a revised offer come in under before) an insult. Already mentioned the issues with CYBG below, I feel there are better suitors out there or VM better off on own.
Buying as many shares at this price as it’s a done deal and the new CYBG share price will rocket in value once the deal is done as it’s a no brainier
Incentivised, or something for them just to under sell this company below £4 . I am very angry
I can't believe the VM management are quite this green.
have been accused of not putting up any fight against this takeover approach , which would otherwise be warranted . looks like the deal is done already and we have been sold out . Still , if there is a vote , i won't support it , but i'll take the profits with a bad taste in my mouth.
As if their institutional investors think the offer is too cheap and that VM will be better off on their own or with another partner , they won’t agree unless the offer is higher. Also Branson will want his 1% royalties continuing and that is why CYBG are now talking that aspect through as they intend to predominantly use the VM brand . Which makes me think what a cheek . 46 percent of the company for vm to have in CYBG is therefore justified
crap deal - I know I don't own any - sold on the news - but can't believe Virgin are still talking with this deal. to me Virgin will be a stronger bank on its own - than with this takeover - this is why I sold, the fact there has been no news also shows to me what virgin thinks of its shareholders
Didn’t study much into takeover details? Can someone please about this, what is cybg offer in terms of vm share price? I read somewhere that is is 376p, then why vm is still trading at 340s? Thanks
Appear to be saying great deal if it can happen , but that the current improved offer only just gets it over the line for it to be possibly acceptable. Therefore, I would suggest that both VM management and CYBG expect to do a deal at £3.80 a share . Let’s just say , I won’t be supporting it at that price . Also, if I were another bank looking on , i’d Move in for an opportune offer above Scrooge and Market CYBG
Branson doesn’t own enough shares now to make this deal go through unless the real shareholders agree. Let’s think now ! Do we wait till next year and get £4.50 plus or get a higher takeover offer from another bank with a better name , or do we accept a below market value offer from a bank that has low reserve ratios and ppi debts . Hmmmm I vote £4 minimum CYBG or no 67000 votes from me . I think most people were and would expect £4 as a low offer. Now would be a great time for another bank to step into the ring . Could seriously happen in my opinion
Still crap offer can't believe VM are discussing it.....
I’ve just worked out CYBG . So don’t bother saying you are now going to move on to discussing other terms and conditions before confirming an official offer . The answer from me is 100% on your bike mate . VM is a clean and dynamic brand with no baggage . CYBG needs a counter offer to come forward from another interested party now in order to make them wake up and smell the coffee beans more closely. Other than that , I very much doubt many investors will say yes to this low low offer in my opinion.
The more I look at this new Scrooge and Marley offer , the more it angers me . No cash added and a small increase in percentage shares not even at 40 percent. CYBG has a low cash reserve ratio , has ppi debts to cover , and has a business customer prominently trying to sue CYBG with newspapers and an MP and the Police giving it some possible flesh . Not really an offer or a company I would sell my shares to when we will be at 4 pounds to 4.50 by early next year . My approximate 65000 votes are a NO CYBG !!!!!!!!!
I have 65000 votes with my holding and I say that offer is absolutely low and a skin flint cheek . So get stuffed
Personally don't think it's enough. I'm against the takeover as don't think they're the best partner for VM and the amount is not enough. As a result I think it's best we stay as we are or wait for another partner.
Values Virgin at £1.7B, roughly 10% premium on today's market cap, worth roughly 374p offer. Thoughts?
1.8 million sells to 3.8 million buys at close on Friday. Somebody has a hunch .
Taking a while!
Shame the share holders aren’t being consulted.
It's back up to 350 ISH. To quote Goose we are going ballistic Mav.
Im still completely against the deal.....I think it is far too cheap and that we should stay independent for at least another 18 months by then you will see some of the work being done come to fruition....
Talk about cutting us out of the deal and keeping us in the dark .
Wish they would get a move on
I'll take 4 quid and wish the bank fair thee well, I think a deal here is now more likely than not as this has rather rumbled on.