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VM are showing gains qtr after qtr after qtr the market will wake up soon....patience is the key here....
should reach 290 today.....very very very under valued share gla
If this drops again . So obviously a good company and yes it’s going to be taken over or do a shrewd takeover of its own . Even though Branson still owns a shed load he sold out virgin media on the qt which I wasn’t aware of . £4.50 to £5 early next year in my opinion , which is where it should be close to now to be honest. Still the more these dumb analysts downgrade or under value this company, the more time we have to increase our holdings in the cheap
I like it....I like it a lot.....Mortgage balances + 10.4% Credit card balances + 13.9% Deposit balances + 7.4% some areas a head of expectations all the rest as guided and on target.....Whats not to like....like I said the market will wake up soon to VM... still a strong buy
Well I expect to hear everything on track and like i said VM are targeting the correct demo graph the market will catch up soon enough and then there is always a chance of a take over....
wonder if we will get good news tomorrow or will Jayne -Anne Gadhia put her foot in her mouth again like last time? GLA
A merger with Paragon Bank would make a great deal of sense here.
So Sally can can wait she's know it's too late as I'm walking on by! Good time to get in, anything below 3 will look a bargain in 12 months.
Personally I think people are looking at the virgin money moves and alterations in the new build finance and buy to let investments, as well as small business accounts , small and medium sized future business finance , Young saver moves , digital bank and online platform development and quite clearly see some of the analysts have been caught sleeping on the job and that this bank is not only building strong and clever foundations, but it is also doing it far quicker and in a better manner than other banks .
Great news if it is leaked news . Either that or someone knows about the moves recently made will pay off big time within the next 12 months to 4.50 plus and want to get in big time before it’s too late .
Leaky ship?? Up 4% prior to update.
This stock as I keep saying is truly undervalued but the market will wake up soon enough, everything that VM are doing is the way forward and this does take time to evolve they have a great leader at the helm and I suspect the trading update tomorrow to show more progress this is still a strong buy for me........
this share all ways seems to rise to 290s are and then drops to 270s or below ...happened on some may occasions now. will try and sell next time it gets back up and perhaps buy in below 270 gla
Trading update will be 1st May 2018 at 9.30am
Is there going to be a Q1 update, I was thinking it was due 24 April
Is there going to be a Q1 update, I was thinking it was due 24 April
Is there going to be a Q1 update, I was thinking it was due 24 April
I think VM is in a good spot regardless. This business needs to keep growing its assets and once we are 60bn+ asset group we shall be quids in 3 years. Retaining most of our earnings is a sound strategy to support growth.
TSB customers are tweeting and posting on Facebook they want to leave their bank , as they had a severe tech problem the other day that blocked the use of online accounts and then showed other people’s balances and other terrible glitches. Then apparently TSB WERE NOT ANSWERING THEIR PHONE LINES APPARENTLY FOR AGES when people were calling in to complain. After the Virgin London Marathon, I’m sure that Virgin Money was one bank they might consider switching to . Thank you TSB
I think you are smart, I'm guessing with be worth about 4.50 this time next year.
Thought about buying here for some time and finally got in at 266p earlier in the week. I having long though that as things improve here it could be subject to a bid and expect that this could well happen in the next year. Also at the same time bought and equivalent number of Standard Chartered.
1. Going for SME MARKET 2. GOING DIGITAL. 3. Getting paid £40 million by a huge provider and joint venture with LARGE ASSET MANAGEMENT COMPANY 3. Tweaking the buy to let lending criteria to boost their market share in mortgage market also a way into commercial and SME market by the back door by stealth. I would suggest there will be more clever deals to come . Barclays have said new target £3.60 , raised from their old target of £3.20 . This ship is turning around and is gaining speed in my opinion
Still very undervalued.......
Barclays are overweight and have raised their target to �3.60 only a matter of time and this will move rapidly...
Outlook Our central planning scenario for 2018 assumes a continuation of relatively benign economic conditions, modest economic growth and heightened competition as the market readjusts to a rising interest rate environment and regulatory changes. The macro and political environment, including the impact of the UK leaving the European Union, remains uncertain which adds a degree of caution to our outlook. The Bank of England increased interest rates for the first time in a decade in November 2017 and has indicated that the pace of interest rate increases is expected to be gradual. Our natural long term share of the UK mortgage market remains at 3 to 3.5 per cent. In 2018 we expect to grow our mortgage and cards lending at a single digit percentage rate with banking NIM towards the lower end of a 165 to 170 basis points range. Cost discipline will continue as we invest in our strategic developments and we expect the 2018 cost:income ratio to be no higher than 50 per cent. Our lending discipline will support asset quality and, including the impact of IFRS 9, we expect our cost of risk to be no higher than 20 basis points and to maintain a CET1 ratio towards 13 per cent at the end of 2018. We expect to maintain a solid double-digit return on tangible equity in 2018. We will continue to make progress with our SME roll-out and the development of our digital bank over the course of 2018. Over time, these initiatives will significantly increase the breadth of our proposition, drive new sources of income and reduce operating costs. A broader proposition, lower cost to serve and new sources of funding will drive enhanced returns and support sustainable value creation for shareholders over the longer term. Jayne-Anne Gadhia CBE Chief Executive