VUK - Virgin Money UK PLC

[System]

CYBG Group (CYB) is a leading mid-sized UK retail and SME bank with a long-established customer franchise across its core regions (Scotland, North East England, North West England, Yorkshire and the Humber) and selected national markets. CYBG Group offers through its strong local community brands,Clydesdale Bank and Yorkshire Bank, a full range of banking products and services, including mortgages, current accounts, deposits, term lending, personal loans, working capital solutions, overdrafts, credit cards and payment and transaction services.

 

[notting]

Thanks mr system

After out performing NAB since the float, which was weird given it was supposed to be the stone around NABs neck!
It's now, Amazingly, still holding it's float price whilst the financial system in GB is all but collapsing!
And you can short it!

 

[SuperGlue]

Not much activity here for a while.

Attempting to break out through 4.90.
Financial result out in a few weeks time.

 

[greggles]

This one has taken off after yesterday's 3rd Quarter Trading Update. Up about 7% today.

Is anyone following CYB and have some insights into its business model and future prospects?

 

[Toyota Lexcen]

CYBG going ahead with Virgin Money takeover, commentary is that its rreasonable

Governments around the world are going to have allow all these financial (banks) companies to merge/takover

 

[SuperGlue]

CYBG going ahead with Virgin Money takeover, commentary is that its rreasonable

Governments around the world are going to have allow all these financial (banks) companies to merge/takover

Break out.....

Please DYOR

 

[Toyota Lexcen]

Going well

Hopefully aus banks have got some more things to offload.

They can't get share prices moving in current format.

 

[SuperGlue]

Pushing it's way up pass $6.29 level.

Just broke pass as I'm write.
Will it hold and run up high?

 

[Miner]

The quarterly report is out.
https://www.asx.com.au/asxpdf/20190206/pdf/442f8nwy8zz0nq.pdf
There is no bad news though Brexit will play major impact as already been flagged a the end of the report. With depressing AUD, there could be some advantage on CYB in the medium term.
Let us see how the market reads it on Thursday. My to be or not to be would be determined from the listening to comments from the analysts, more reading into the report later tonight and market reaction tomorrow.

 

[barney]

With depressing AUD, there could be some advantage on CYB in the medium term.

The Chart is a bit scary Miner ….. ps Know nothing about CYB other than it is a $4B Company …..

If any of my Stocks ever become $4B companies, I will be retiring in a Penthouse on the GC with hot and cold running Financial Advisers at my beck and call

ps … Actually, forget about the FA's …… hot and cold running taps are all I need

 

[Miner]

The Chart is a bit scary Miner ….. ps Know nothing about CYB other than it is a $4B Company …..

If any of my Stocks ever become $4B companies, I will be retiring in a Penthouse on the GC with hot and cold running Financial Advisers at my beck and call

ps … Actually, forget about the FA's …… hot and cold running taps are all I need

Barney
You are funny .
CYB however been touted by many reputed and notorious financial advisers.
It is midnight. So let me sleep tonight and watch the scene.
Good night.

 

[Miner]

The Chart is a bit scary Miner ….. ps Know nothing about CYB other than it is a $4B Company …..

If any of my Stocks ever become $4B companies, I will be retiring in a Penthouse on the GC with hot and cold running Financial Advisers at my beck and call

ps … Actually, forget about the FA's …… hot and cold running taps are all I need

Good morning all
I noticed the price of CYB and not being a chartist, does it look scary still

 

[barney]

does it look scary still

I'm not scared anymore …… Looks like you were on the right track with this one Miner …. Hopefully any long suffering holders will be on a northbound train again now.

 

[Miner]

I'm not scared anymore …… Looks like you were on the right track with this one Miner …. Hopefully any long suffering holders will be on a northbound train again now.

Thanks Barney. For a change, I did not procastinate or to watch Brexit saga with Mrs May. So I booked the profit before the close yesterday and on short term, today's market says, it was right not to be greedy.

 

[barney]

Thanks Barney. For a change, I did not procastinate or to watch Brexit saga with Mrs May. So I booked the profit before the close yesterday and on short term, today's market says, it was right not to be greedy.

Well played

 

[Miner]

Well played

After posting this morning, I just flipped through the Shaw Report and could not believe their recommendation for today on CYB - SELL with PT $3.4. Short time respite. Gees, a lucky escape.

 

[sptrawler]

Well I had a nibble today at $2.68, I think they have been oversold, time will tell.

 

[sptrawler]

Well I didn't see that coming.

https://www.smh.com.au/business/ban...n-insurance-cost-blowout-20190905-p52o7a.html

Maybe a little dollar cost averaging is in order.

 

[Miner]

Well I didn't see that coming.

https://www.smh.com.au/business/ban...n-insurance-cost-blowout-20190905-p52o7a.html

Maybe a little dollar cost averaging is in order.

I have morning star premium report released after market closed. They still rated it 4 star, value $3.4 and buy rating.
Reading financials and company's incomplete assessment on the impact of claims, my guess is market will recover to be assessed again by late October
That will heaps of time if you are buying @$1.85 to $2 range.

 

[sptrawler]

I have morning star premium report released after market closed. They still rated it 4 star, value $3.4 and buy rating.
Reading financials and company's incomplete assessment on the impact of claims, my guess is market will recover to be assessed again by late October
That will heaps of time if you are buying @$1.85 to $2 range.

Ah, the joys of dollar cost averaging, when it pays off. $2.74 today. yipee