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Unlike Virgin shareholders - those poor souls that are society members (i.e shareholders in the building society) will not get to vote on this - i,e, Nationwide Chief Guru thinks all of its customers / shareholders are not worthy.
Potential that I may up and leaveNationwide if it goes through - or at least vote against the chairman's reelection to the board when they do bother asking our opinion.
I have my Barclays account set up to automatically buy shares with my dividend but its not in yet
Yep no brainer for sure
So the divi was paid today and was just wondering if it was worth re-investing as the current sp is 208p and the bid is 218p. Seems like a no brainier?
For me, The offer falls way short of what is acceptable.
I will vote to reject it.
Nationwide have till April 4th to make a formal offer.
I can see so many RNI can some one explain what are the next steps with VMUK ?
I’m a Nationwide member if we get a vote on this deal I’ll be voting down.
Seems the offer is an 'easy out' for David and Co.
No longer the need drive this bank to be the best digital bank in Britain and the promise year on year dividend growth.
Recent scores indicate both goal have been way off mark.
Anyone know when these shares will be physically cancelled and settlement sent to us long suffering shareholders?
I have not recieved any corporate actions asking to either accept or reject the offer.
Given a choice I would rather reject and hold the board accountable for their failing and hope that a more capable board could drive us to the success we had be promised when they got into bed with Virgin.
Final ex-dividend date - Feb 22nd 2024
Final dividend payment date - March 20th 2024
Interim Results - 8th May 2024
Other diary info available under 'VMUK Financial Diary' option above. Hope this helps.
When is the ex-dividend date?
To be honest im not happy. I wasnt happy when yorkshire bought them as i felt vm was worth more then and was actually better placed alone (no misselling compensation to pay), and was truly nimble and well managed. The sp has not done well under yorkshire and i feel this offer is undervalued. Obviously my shares have no sway but feel the offer should be at least the £2.50 mark.
Some people don't want to wait for the deal to complete as there is always a small chance that it doesn't go through.
Very small though.
Until the deal goes through..
*dropping
If the price has been agreed for 218 then why is the price during? Is it worth buying now? Any experienced guys out there?
I’m a customer of both but my ISA with Virgin is there because their rate was significantly better than Nationwide’s, so I’m not happy about it either (especially as I had no VMUK holding lol). Still time for them to change their minds
I’m holding on for the reasons yodominic stated.
The offer price is 218p + 2p dividend which has been announced already so I guess who ever sells now will also get the 2p if they qualified previously. The price has dropped slightly for not but this tie up is recommended by the board so unless there’s another bid from somewhere things should get done pretty quickly, if there’s a counter bid then things will get interesting as some people are saying 218 is cheap.
Joint statement says 2.20 being 2.18 per share plus the 2p dividend. Still unhappy!
Any advise on VMUK hold or sell as its dipping again i heard from news if shareholders keep then it may goes to250
I'm an investor and a customer of Virgin and I think they're brilliant. Unlike Nationwide, they pay decent interest on accounts and are really easy to use (and I speak as a technophobe). What is Nationwide going to do? Shaft the customers - oh, sorry "members" with their really crap interest payments and award all the directors lots more pennies for all the extra work they have to do... I'm upset!
Thx Taomee.. I smiled at that . I have to say .. I am a blonde female (not that there’s anything wrong in that !) and my dad always smiles at my flukes and intuitions !
I appreciate what you are saying - and will leave it where it is
Yours Thankfully , Ms Bean!
Somebody bought ~£60k of shares yesterday and made ~£20k overnight. Pure luck and coincidence, no doubt.
You have timed your buy to perfection (the day before the announcement) and now you ask this question! You sound like Mr Bean fluking it on the stock market. Hilarious. Anyway, well done. If you don't need the money urgently then I would recommend holding for the payout as your net return will be greater than that you can get on fixed interest.