Virgin Money Spread Betting and CFD Trading Guide
- Virgin Money Plc, originally known as Virgin Direct, was founded by Richard Branson in 1995
- The firm entered the retail banking space in 2010 and in 2012 acquired nationalised UK bank Northern Rock for £747m, along with 75 branches
- In 2013, the group saw an underlying profit of £53.4 million, which came after an underlying loss of £2.5 million in 2012
Spread Bets and CFDs on Virgin Money Shares |
You can spread bet and trade CFDs on the Virgin Money share price with:
Note that this market may be available with other providers.
Virgin Money Analysis & News
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| 13-Nov-14 |
[2:55pm] Virgin Money IPO Priced at the Bottom of the Range
The UK retail bank has finally come to market, though some investors will be disappointed that the shares were initially priced at 283p, just one penny above the bottom of the 282-333p guidance.
This valued the company at £1.25bn, well short of the initial hopes of £2bn.
Nevertheless, the share price did see some gains after a couple of hours of trading, even pushing up to 289p, before falling back below the initial asking price in the afternoon.
IG's Virgin Money Holdings UK Plc spread betting market is currently trading at 281.05 - 282.71.
Update by Jenna Cutly, Editor, 
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| 10-Nov-14 |
[8:50am] Virgin Money Set Floatation Date of 13 November 2014
The UK bank has announced a firm date for its long-awaited Initial Public Offering of Thursday 13 November.
The move follows the initial plans to float in October which were delayed due to volatile market conditions.
However, whilst the date has been set, it seems that expectations for the company's valuation have dipped.
The Financial Spreads Virgin Money grey market has fallen to 147.0 - 157.0, suggesting a market cap of between £1.47bn - £1.57bn at the end of the first day of trading.
This is a definite pull back from initial expectations that the firm would be worth around £2bn.
Update by Gordon Childs, Editor,
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| 04-Nov-14 |
[12:30pm] Is the Virgin Money IPO Back On?
There has been a lot of buzz in the markets suggesting that the UK bank is poised to float before the end of November, after having delayed its initial IPO date due to market volatility.
Whilst I haven't seen any official confirmation as yet, hopefully the firm will make an announcement soon.
Either way, the Financial Spreads Virgin Money IPO grey market is currently trading at 205.0 - 215.0, suggesting that, when it does float, the bank will have a market cap of between £2.05bn and £2.15bn at the end of the first day of trading.
Update by Jenna Cutly, Editor,
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| 17-Oct-14 |
[3:30pm] Virgin Money Delays Floatation Plans
It seems that the current market uncertainty has claimed another victim in the form of the Virgin Money IPO.
Whilst the bank was initially set to go public by the end of October, Chief Executive Jayne-Anne Gadhia has announced that the floatation has been suspended until 'market conditions allow'.
Given that this comes after rival bank Aldermore put its own IPO plans on hold, it seems that the firms would prefer some calmer water before trying to swim.
Update by Gordon Childs, Editor,
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| 17-Oct-14 |
[1:03pm] Virgin Money IPO Grey Markets
As with many stock market IPOs, a few of the spread betting and CFD trading companies have opened a Virgin Money grey market so investors can speculate on the company's market capitalisation:
Traders should note that other providers may be offering a Virgin Money market.
If you are looking for a quick/easy overview of the UK retail bank, please see the Wikipedia page for Virgin Money Plc.
How Do You Trade the Virgin Money Grey Market?
The grey market from Financial Spreads is fairly typical of those on offer and is based on the market capitalisation of Virgin Money Plc at the end of their first day of trading.
What they mean by the 'first day of trading' is actually the first day of unconditional trading, i.e. when Virgin Money is officially listed on the LSE.
The grey market is currently at 205-215, where each point represents £10m.
This suggests that Financial Spreads expect the Virgin Money market cap, at the end of the first day of trading, to be £2.05-2.15bn.
If you think that the UK retail bank will be worth more than £2.15bn, then you might buy the market at 215.
In contrast, if you don't believe that the bank will be worth as much as that, then you could sell at 205, i.e. speculate that the market cap will be less than £2.05bn at the end of the first trading day.
As an example, if you did buy the market at 215 for, let's say, £4 per point and the bank closed its first trading day with a market capitalisation of £2.50bn then you would make a profit of £140, i.e. (250-215) x 4 per point = £140.
However, if the firm dropped on the first day, closing instead with a market cap of just £1.90bn, then you would lose £100, i.e. (190-215) x £4 per point = -£100.
When Will the IPO Be?
Unfortunately, whilst the floatation had been planned to happen before the end of October 2014, the current market volatility has set the plans back.
At this point, the firm has not announced a new timetable for the IPO, however, many of the spread betting/CFD brokers are saying that 'All open trades [on the IPO market] will be void if there is no floatation by 31 Dec 2015.'
If in doubt, consult your provider.
Update by Jacob Wood, Editor,
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'Virgin Money Spread Betting and CFD Trading Guide' edited by Jacob Wood, updated 22-Feb-17
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Virgin Money Spread Betting and CFD Trading Guide
Our Virgin Money IPO guide takes a look at the spread betting and CFD trading options ahead of the UK bank's floatation, how to trade the IPO and... » read from top.
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