The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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A lot of the time . I just look at the facts and figures, the deals being done and the people in control and what has happened to other challenger banks and so on . When I see a good company that should have the share price going up , I buy . And if it continues to go down against my logic , I buy more . This company ticks all those boxes and looks set to hit possibly £5 next year
I have probably told this story before, so my apologies but I reckon that it is worth repeating. A while back a financial analyst on the London Evening Standard mentioned that he had only ever bought two shares in his life. Once was when he was drunk (which is fair enough) and once for moral reasons (pass the sick bag). As a general rule I reckon that a financial analyst's advice is only of value when it is printed on soft paper.
Like I said I thought this felt different and may hold thats why I only sold half my shares.....wish I hadnt sold any now....
Could finish up at 310 today, been a good week for this one.
Talk about analysts following, rather than knowing . Just had a broker upgrade from 3.45 to 3.65 and to be overweight. Funny how only a few weeks ago when all these virgin Money deals were being announced that the analysts were putting loads of downgrades etc . I thought then they were appearing rather stupid. Just shows you , go with your own opinions and facts
3 quid still isn't a bad buy in price, just saying!
I will have no choice but to hold longer and wait till it hits possibly £5 next year and enjoy the nice dividends in the meantime. I personally believe this company has got many more very shrewd deals on its agenda , which will continue to constantly enhance the share price and profits etc . What an amazing growth in deposits due to a now perfect storm with the virgin sponsorship of the London Marathon and then TSB annoying their own customers so much that there is going to be a lot of fresh migration into virgin most probably.
I know I sold half my shares at 298 waiting for the sp to go down still made a nice profit ,Hope the sp gets to 330+ then I am out and will see later in the year :)
Typical . For almost a year this share has been held back and just when I’m about to sell a load of other shares in another company this virgin Money share decides to go above £3 and possibly become the breakout everyone was saying should have occurred a year ago . Typical.
Well it didn't quite make 285p but did drop to 289.10 in the morning. The steady recovery since that point again suggests that this is different to previous short lived jumps followed by falls to 260p.
Well it didn't quite make 285p but did drop to 289.10 in the morning. The steady recovery since that point again suggests that this is different to previous short lived jumps followed by falls to 260p.
some nice Broker updates.....quite possible that it will now hold....
Well the 3 quid was breached, let's hope it moves over 330 from here. Quite possible it goes the other way.
I think consensys EPs for 2018 is forecast at 40p for this year. I guess a 12.5 times earnings sp of £5 wouldn't be too outrageous. I think 4.50 is well possible here, Paragon bank was similarly under valued 2 years ago.
I look forward to filling my boots with these shares if it goes back down to £2.60 . Next year £5 is very possible.
You are probably right it will bounce off 300p a while but with this balance sheet the company is simply undervalued.
I agree thats why I only sold half....this move feels very different this time, however if it does drop back again I will buy hard again with the money from the ones I sold......
It's interesting to study the movements on the 6 month chart which shows 5 drops to the 260p region however the after the recent surde last week we only dropped to 271 prior to pushing on to almost 300p. This could be the breakout that we have all been hoping for. Nothing goes up in a straight line and it may well drop again to about 2.85 before smashing through the 300p mark.
It may drop down again but this looks a pretty strong break out with good momentum (not the Corbyn nutters). I am this it will go to the 350 mark to give it a forward pe of 9.
I can see your theory as your correct in that it has always dropped back to 270 or below...I sold only half mine for a very nice profit but I think it will hold this time....we will see
sold holding for a decent profit. now wait for the inevitable drop to 260-270 range as of lately to buy back in.. GLA
I wonder how many days it will take before it dips down again? Today might be a good time to take home the gains from this week's climb...
On the verge of breaking out to 340 range where it belongs. Over 4 quid next year.
The market sees a "meets expectations" statement with a reasonable rise. It's on the verge of breaking out of long standing triangle pattern, so let's see what happens. Here's my take on a graph: https://uk.tradingview.com/chart/VM./uvQVNHH7-Will-Virgin-Money-breakout/
So I can pick up a load more . This is a no brainier. Just enjoyed a nice dividend from this company which I believe I can collect later this month. Better than having the money on deposit in the bank ha ha ha .thank you virgin Money and thank you dumb analysts . Ps please downgrade this share again you plonkers so I can buy more on the cheap