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For about two weeks already and this is the first offer. You can bet your virgin dollar that they want us and this is their opening offer . You can also bet vm want this deal but at a price that’s sensible . £4 pound or close to is where it will likely get to in my opinion . Rejection of offer today and counter figure of 4.10 and hoping to then receive offer of nearer 4 . That’s my prediction. As for the insider dealers , let them get nicked and put in jail . We mortals have to go with our gut instinct and research and get played by MM . City rogues need teaching another lesson . Crime and cheating does not pay
Doctor S I was also in Shawbrook and Aldermore (other challenger banks) when the first bids were made. After the initial big rise there was also a small fall due to some people wanting to take profits immediately rather than wait a few months before the bid is finalised. If people sell then the price will fall. At the current price I'll probably top-up on the basis that if the final bid is 400p per share, that's going to be an easy 20% made in a few months.
Re share of combined company. Personally I would want 46% minimum with guarantee for virgin brand etc
Also both banks want a deal . We all know that you don’t put forward your best offer first unless you are a complete idiot. If virgin didnt want a deal , they wouldn’t of even waited a second before saying no thanks . The deal makes sense , but CYBG need us more than we need them . VM will say the price is not high enough, also Branson will still want the bolt on virgin benefits of 1% royalties etc . They will say 4 to 4.20 and CYBG will come back with 3.80 and then we should settle at around 4
The issue with bid is why VM would only have 36% of the shares when merging with an almost identically sized bank. That is the oddity of the current low share price valuation. VM need to make up at least 40% of the new group to even contemplate it.
Based on the last 12 months, I wish I had sold my pot yesterday! Is it gonna be a free-fall again, like ot has been every 3 months. Hope it won't go below 280 this time...
Lots of selling today....I believe the deal is too cheap and will not happen....if they do not raise the offer the deal will be dead and I think thats why the SP has dropped....I actually think VM are better off on there own at the moment I think the bid has come too soon and the market is starting to realise that.
Hope we haven't missing boat to get out (being to greedy) ..this share has an habit of kicking you in the teeth regularly. Let's hope it is just a shake
It's a nice shake of the 🌲.
How come the SP is falling???
So that means they are interested in doing a deal at the right price . Here comes £3.80 to £4.00 and done deal
Hi, How much is the bid worth.Is the bid around �1.6 billion,with 445million shares out ,equates to around 360p a share have I got this right,how much is the bid worth. Cheers.
The regulator will be more than happy for this to come about. The merged Bank would have the scale required to compete with the big boys.
Is the consensus for any deal to be acceptable From hedge fund comments etc . I tend to agree . Could take a few weeks or months to iron out , but both companies would benefit greatly from this merger if done sensibly. I feel confident the price could be met . Rather another bidder come forward to push to £4.50 but can’t be greedy
It was only back on 21st April that I suggested that this might be subject to a bid in the next year. I never imagined that it would occur so soon. Like others, I expect that there will be a bidding war that will push the price over 400p.
All the 700 trades is that what people think this will sell for ?
US hedge funds...
Either other uk banks or from abroad as with aldermore
What others could bid for VM?
Agree offer is too low and not far above tnav. In this instance the VM brand is the stronger brand so for the merger to proceed something valueing VM. in the £4.20 range is required.
1. Both VM management and CYBG know the offer is too low . 2. It will need to be between a value of £3.80 and £4.00 to get any approval from shareholders and management. 3. It is also most likely this figure of £3.80 could be met, but then a spanner in the works will come to light with another higher offer of possibly the £4.00 mark from a different party and a bidding war erupts
I beg to differ on Lloyd's, yes they are run by overpaid idiots that's certainly true. Antonio truly is a jack ass who can't keep it locked up in his trousers. The branch closures make sense as their network is too big. This will improve cost income ratio as well as legacy issues around ppi coming to an end. Bank that asset size which is risk averse should be making 7 billion quid a year after tax easy. It's on course for that this year.
Im out....still feel VM is worth more however i can see it getting messy from here...straight cash is much better.....the deal still stands a chance of not happening so might get back in at some point....good company...but profit is profit....
If this deal doesn’t go ahead . At a much higher price I might add in my opinion from the facts available
Me too. I have hit my target and sold up, which means that the share price will probably climb like one of Dickie Branson's rockets. Still, I have done ok. Best of luck to you guys.