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Virgin Money Uk has been on our radar following the merger and rebranding that took place last year.
Virgin Money is investing heavily in technology and executing well on the merger of the old Clydesdale Bank with the Virgin Money business. Analysts are forecasting 10%+ in profit growth for 2021 and the current 8x PE is un-demanding.
The dividend yield is 3% based on 2020 earnings and likely to increase into 2021.
We see price support at $3.20
Level 29 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453
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