The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Looking forward to full year results and div!
Makesomemoney, you were spot on........great call....
Just sold last tranche now, usual trick kept profit in shares ......Gla
Makesomemoney
Hope so , a bold statement , markets still rocking , sold a trade today n kept profit in shares , lets see if these buybacks improve this SP . Gla
Announcement this morning. I'm calling the bottom here!
Onwards and upwards.
David Duffy, Chief Executive Officer, said: "As Virgin Money continues to deliver against its strategic objectives and maintain a strong capital base, I am pleased to confirm the launch of our inaugural share buyback programme. Buybacks will play a significant role in the capital return policy we announced in May, as the Company targets profitable growth and distributes excess capital. Today's announcement marks an important step in that journey."
I'm back in here with half my stake. SP seems to have bottomed, good performance today. if it drops back I will be ready to add. GL all.
No. Keep watching. Keep out the sh*t.
Yep, back in, just put some in the wife’s ISA.
Looks a good time to jump aboard again , paid 1.39p, after stress update
I nor sure investors have fully appreciated the role material and labour inflation will counteract any slow down in house prices due to increased interest rates. Worth pondering.
What a bounce today after 6 days , will forget 6 months , sold now , capital back n kept profits in shares for next year dividends Gla
Grant87
Sp taken a right battering , worth a dabble at these prices paid 1.40 this morning see what happens in 6 months time then
Back on my one to watch list after selling out earlier in the year. Can see 30-40% from here for 6-12 month hold. Could this go any cheaper, Maybe but its got top start getting more noticed soon and bounce off like Barclays did few weeks back
hTTps://citywire.com/investment-trust-insider/news/expert-view-centrica-iwg-direct-line-virgin-money-and-nwf/a2387108#i=5 Liberum: Virgin Money ‘materially undervalued’ There may be macro uncertainties but Virgin Money (VMUK) has beaten estimates and continues to be ‘materially undervalued’, says Liberum. Analyst Shailesh Raikundlia retained his ‘buy’ recommendation and target price of 260p on the stock, which closed down 1.1% at 148p on Tuesday. ‘While management portrayed a cautious outlook due to the current economic and geopolitical uncertainties, the fact remains that half year 2022 underlying profit before tax of £388m beat estimates by 16% and upgrading of net interest margin guidance to 180-185 basis points, will lead to consensus upgrades for full year 2022 and beyond,’ he said. Despite inflationary pressures, costs are expected to remain stable this year, and although Raikundlia said he had reduced his loan growth assumptions, this is ‘more than offset by the increase in net interest margin, resulting in our estimates increasing for each of the next three years’. ‘We think Virgin Money is materially undervalued,’ he
May have to await a significant rise after reading this. .................................................
UBS cuts Virgin Money to 'neutral' (buy) - price target 160 (230) pence
But I for one, shall wait until it happens as markets in general are still down & will likely fall lower.
All insights welcome.
Any insights to what is going on?
Barclays raises Virgin Money price target to 245 (225) pence - 'equal weight. Upside over 50%.
Jason @ UBS has 2.30 as a buy target.
Can anyone please enlighten me why a drop 3 x more than the other banks ?.
Hmm. Pathetic performance. Clearly, no-one wants the shares.
https://walletinvestor.com/lse-stock-forecast/vmuk-stock-prediction
£4 - 48 within 5 years. Very nice. Doubt this share will be dropping any lower than £1 -65 !
Similiar to Lloyds really when they released theirs, hardly went orbital, in fact, went down.
Interest rate increases, offer a degree of protection to banks and the fact the many are still carried a decent level of provisions in their balance sheets because of covid-19,. Undoubtedly there will be an increase in unsecured lending, once the quality of lending is properly controlled. Banks could be more than ok.
1.6m shares bought today, less than 0.6m sold, Profits surge 58%, decent process and proactive management. Dividend increased. Why down 3.16%.
One of the lowest asset/value and P/E ratios of any UK bank.
All insights welcome.
Topped up abit more to average down. I would have thought with interest rates going up bank shares would be up today!
Bas24 - I was averaging down :)