Virgin Money UK PLC

Virgin Money UK PLC (LON: VMUK) is an FTSE 250 listed digital banking company.

The Company will pay an interim dividend of 2.50 pence per share on 21 June 2022, while the ex-dividend date was 19 May 2022.

H1 FY22 Financial Highlights (for the six months ended 31 March 2022, as of 05 May 2022)

(Source: Company Website)

• Non-Interest Income: VMUK had shown a decent year on year growth of around 26% in non-interest income to £83 million, illustrating higher card spending and business activity levels.
• Resilient Financial Position: The Company had a strong capital base with a transitional CET1 ratio of 14.7% during H1 FY22.
• Strong Guidance: The Company had upgraded its outlook and anticipated net interest margin ranging from 180 bps to 185 bps for FY22.
• Return on Tangible Equity: The ROTE went up significantly from 2.2% during H1 FY21 to 9.1% for H1 FY22.
• Robust Profitability: The underlying profit witnessed a significant growth of around 58% to £388 million during H1 FY22.
  

One Year Share Price Chart

 (Source: REFINITIV; Analysis done by Kalkine Group) 

Conclusion 

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Virgin Money UK PLC was trading at the current price of GBX 156.10 (as of 06 May 2022, at 01:11 PM GMT+1). The stock made a 52-week high and low of GBX 218.70 and GBX 151.05, respectively.

Note 1: The reference data in this report has been partly sourced from REFINITIV.

Note 2: Dividend Yield may vary as per the stock price movement.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

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