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Aldermore Share Chat - ALD

Share Name Share Symbol Market Type Share ISIN Share Description
Aldermore LSE:ALD London Ordinary Share GB00BQQMCJ47 ORD GBP0.10
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +2.30 +0.89% 259.30 258.60 258.90 262.00 255.90 258.00 551,242 16:35:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Banks - - - - 893.91

Aldermore Share Discussion Threads

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Aldermore is often described as a "challenger" to the larger UK banking groups but in reality it is largely unaffected by them, Investec said. At least in the short-to-medium term, that should continue to be the case, meaning the shares are trading at an excessive discount versus peers, analyst Ian Gordon wrote in a research note sent to clients. The lender is primarily a mortgage/buy-to-let play with strong, sustainable loan growth (£1.4bn (or 36%) in the year to 30 June 2015), high returns (unleveraged RoE of 18.6% in H1 2015) and a rapidly improving cost-to-income ratio (53% in H1 2015, falling to 39% by 2017e). "Clearly, current levels of low impairment (20bps) are flattered by both a benign environment, and growth. However, we think that Aldermore's disciplined adherence to prudent lending multiples should render this concern unfounded. 99% of its SME Commercial mortgage portfolio is sub-75% LTV." Gordon initiated coverage on the lender with a 'buy' recommendation and a target price of 325p.mike740
All depends what you mean by debt! - See interim statement page 3 hxxp://www.investors.aldermore.co.uk/system/files/press/h1-2015-results.pdf The most significant "debt" is the AT1 capital.future financier
How much debt does Aldermore hold?ulinbac
As if we hadn't had enough, is there more bad news to come for Challenger Banks...? for details, see: http://tinyurl.com/pchtlsdmazarin
Chancellor will drop 'challenger' bank levy, says Hermon Neil Hermon, manager of top performing Henderson Smaller Companies trust, believes George Osborne will reverse decision to make all banks pay a levy. by Gavin Lumsden on Sep 11, 2015 at 16:06 CityWire. Speaking ahead of a meeting today between George Osborne (pictured) and new, small banks such as Aldermore (ALD + ), OneSavings (OSBO + ), Shawbrook (SHAW + ) and Virgin Money (VM + ), Hermon, a top-performing smaller companies fund manager, said a u-turn was likely. The chancellor's decision to replace a previous levy on the Big Four banks with an 8% additional tax on all banks with profits above £25 million angered the so-called 'challengers'. They complained it would restrict their ability to lend and compete with the high street financial giants, a point that has been picked up by MPs on the influential Treasury Select Committee. Osborne's move followed pressure from HSBC (HSBA + ) which had threatened to move its HQ to Hong Kong if its levy was not reduced. Hermon (pictured above), manager of the Henderson Smaller Companies (HSL + ) investment trust, said: 'I suspect we could see a volte face. Clearly it's not what they intended to do.' The manager pointed out extending the levy was at odds at the government's efforts to encourage new banking entrants and increase consumer choice. He added that the small banks had got caught in the 'crossfire' over the previous levy, imposed in response to the financial crisis and the taxpayer-funded bailouts of Lloyds and Royal Bank of Scotland. Despite this mishap, Hermon believed prospects for the challenger banks was good, which is why he had bought into Aldermore and Virgin Money at their flotations.mike740
I really think that govt have to give some concessions as they have promised to support challenger banks. Mr Osborne saying he will tax give or take all the same puts pressure on the challengers, If some relief can come here we should push up a few pence the same as it came down when it was announced a few months ago.daveb12
Thanks Kevph and on another front : Challenger Banks lose bid against new tax, but may gain some concessions, for more see: http://tinyurl.com/okrajxdmazarin
Banking a few profits, nothing sinister. AnaCap holds about 40% now, It did hold 52.9%. All part of the business for these large funds. Lets face it ALD as gained 53.5 percent since its debut on March 10.mike740
In case anyone missed it today and doesn't pay for the alliance news feed.Aldermore slumped following reports that two sellers, including AnaCap funds, were said to have sold 50.9m shares in the group via Deutsche Bank and RBC at 286p.kevph
Challenger Banks lobby Treasury Officials, for more on this see : http://tinyurl.com/p3648y2mazarin
I don't think ALD is in this space.future financier
Increased level of 'secured lending' (or Second Charge mortgages) is reported on here and seen as a rising market. Is this area part of ALD's current business? For info see: http://tinyurl.com/obg6htamazarin
Labour backs challenger banks in fight against George Osborne's new tax Labour has demanded a review of a new tax that hits smaller banks alongside global behemoths http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/11849248/Labour-backs-challenger-banks-in-fight-against-George-Osbornes-new-tax.htmlzho
Challenger banks get chance to fight for tax cut Britain's small lenders are going to meet top Treasury officials next week to argue for the latest tax hike to be reversed - but a letter from George Osborne shows they have a tough fight on their hands http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/11831582/Challenger-banks-get-chance-to-fight-for-tax-cut.htmlzho
Advfn chart is again inaccurate and ALD actually closed up today +1.07% to finish at 303.20p However, on a wider note ahead of a meeting with the HM Treasury, Andy Golding, Chief Executive of OSB has made it known that he isn't confident that Challenger Banks will receive any relief against the sector's 8% bank surcharge announced in the Summer Budget, the charges are due to be levied on all Banks from 2016.mazarin
Am I the only person who thinks they could grow this to an EPS of £1 a share in 5 years without going beyond having 5% of a 206b lending market.?steptoes yard
Noted, I'm still holding ALD, however I see OSB were 'slightly' downgraded by Investec and may have accounted for yesterday's drop, so you did well to retract from that.mazarin
Stopped out at b/e. Don't want to hold over w/end. Marazin, I should have bought when you first mentioned it! glabamboo2
Aldermore share price soars after the challenger bank posts a big rise in profits Challenger bank Aldermore has seen its profits more than double in the first six months of this year on the back of lending more mortgages and loans to businesses, sending its shares soaring. The bank also said it has reached a total of £5bn in deposits from more than 100,000 savers.......Profits came in at £44m for the first half of 2015, an increase of 109% - beating expectations for £40m. The bank also said it was on track for net loan growth of £1.4bn, or 30%, for full year 2015. As a result, Aldermore's shares jumped 8%, or 22.0p higher to 300.0p. Since floating on the London Stock Exchange back in March, its share price has grown steadily from a starting point of 192.0p...... RBC Capital has raised its rating on the stock to outperform and increased its target price to 325p from 300p, citing lower than expected impairments.......James Hamilton, analyst at Numis Securities said: 'Aldermore is a high-margin, specialist business that we expect to deliver significant gains in operational efficiency over our forecast period.' He added: 'High-margin businesses are better able to self fund their growth and return more profit to shareholders for any given volume of new business. Furthermore, we believe higher-margin businesses are also lower risk.' Complete article: http://www.dailymail.co.uk/money/markets/article-3212702/Aldermore-share-price-soars-challenger-bank-posts-big-rise-profits.html Aldermore takes on the challenge with doubled profits One of Britain’s growing band of so-called challenger lenders has more than doubled profits less than six months after making its London stock market debut. Aldermore yesterday reported pre-tax profits for the first six months of the year up 112% to £40m as it recorded double-digit growth in loans to smaller businesses and residential mortgages. Excluding the £4.1m cost of its March IPO, which raised £75m, Aldermore said that its first-half profits would have been £44m compared with £20.8m for the period a year earlier. Complete article: http://www.thetimes.co.uk/tto/business/industries/banking/article4540183.ecemasurenguy
ALD ALDERMORE GROUP....... 28 Aug 2015 Aldermore Group ALD JP Morgan Cazenove Overweight 253.50 278.00 325.00 340.00 Reiterates SP TARGET 340pmike740
Press ' http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/11827321/Aldermore-profits-double-after-float.htmltogglebrush
Taken a very large long position here, I see outperformance year on year for the next 4 years at least. And talking to connections dont rule out merger activity.the wolf of wall street
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