VUK 0.74% $4.09 virgin money uk plc

Annual Results, page-9

  1. 1,132 Posts.
    lightbulb Created with Sketch. 289
    I'm quietly confident that there will be another positive re-rate soon.

    Remember the last big drop in this share price were due to the company making what they believed were assessments based on submissions and payouts that had already occurred. I personally believe the majority of payouts had already been paid out. By this I mean the majority of people who had legitimate claims would have already been punctual in placing their submissions and having their payouts finalised.

    Most of the late submissions will be frivolous from people chancing their hand to get a quid. Unfortunately that does chew up admin resources. But I'm confident payouts will be much less than previously accounted for.

 
watchlist Created with Sketch. Add VUK (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.