Virgin Money UK (VUK) is a banking and financial services brand operating in the United Kingdom.
The company has had a difficult time as operational issues then COVID-19 has hit the UK lender for six. Management have outlined an aggressive cost out program along with a credible turnaround plan that is gaining traction.
This is an cheap/undervalued play on normality returning to the UK post vaccine, and we are adding it to the Flagship Growth Portfolio around $2.60 give or take, with a 4% portfolio weighting. We view this as a high risk stock and plan to hold it over the medium term. This is a stock that could move quickly.
MM are buying VUK in the Growth Portfolio
– around $2.60 with a 4% portfolio weighting
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