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Aldermore Share Discussion Threads
Showing 3351 to 3374 of 3375 messages
|Royal Bank of Scotland will be forced to supply funding to 'challenger' banks and allow access to its branches to help increase competition for SME business banking as part of a new deal by the Treasury with European regulators that means the bank will not have to sell off its 300-branch Williams & Glyn business.
As RBS failed to agree a deal to sell the branches by the end of 2017, which the European Union demanded as part of the bank's £46bn state bailout in 2008, the government rushed to obtain a new agreement to allow RBS to meet its remaining State Aid obligations.
On Friday after 1900 RBS, which next week is forecast to rack up ninth consecutive year of annual losses, announced that it has taken a new £750m provision within its 2016 results as a consequence of the new proposal.
As part of the Treasury's proposed alternative plan, RBS will create a fund, administered by an independent body, to be accessed by eligible challenger banks to increase their business banking capabilities.
RBS will also deliver funding for eligible challenger banks to help them incentivise SMEs to switch their accounts fromRBS paid in the form of 'dowries' to eligible challenger banks.
To support these measures, RBS will make its branch network open to business customers of eligible challenger banks for cash and cheque handling.
Finally, the 73%-state owned bank will also set up an independent fund to invest in fintech "to support the business banking of the future".
EC competition commissioner Margrethe Vestager will ask commissioners to look at the plans "in the coming weeks".
RBS chief executive Ross McEwan said: "Today's proposal would provide a path to increased competition in the SME market place. If agreed it would deliver an outcome on our EC State Aid divestment obligations more quickly and with more certainty than undertaking a difficult and complex sale and would provide much needed certainty for customers and staff."
|If you think this board is quiet go take a look at SHAW. I think I must be the only PI on SHAW. It's doubled in price just like ALD and it seems no-one's interested|
|Why, what did he/she do..or not do?|
|Aldermore should benefit from the recently announced "loss" of their head of mortgages. Maybe some sanity will be regained - just a pity they lost so many good people before they lost the bad!|
|Shhhh ! Quiet boards are the best
Been swing trading these between 8.5 and 9.9 proce earnings for a while now. Will need to reset when the FY is released in March|
|very quiet here for a share that has been so strong and looking like heading to £3. quiet can be good eh ...
happy holding here
|Looks comfortable with that, OSB had a 420 nudge today as well. 270p is still 2017 eps at 10.3 yrs. Doable.|
|Barclays 270p price target released today for ALD|
|like anything, its a good trade. We may get some shorts again when article 50 is started. It won't make any difference in the short term for anyone, but eventually things will change. yes buy on dips.|
|buy on the dips in the uptrend, yes
results out 2nd Mar|
|Couldn't resist buying some on the low today.|
|Scan, I've bought numerous times today in OSB, intriguing why it fell. It's a low volume day I guess, it's following the chart, from here is should play catch up with ALD and SHAW.|
|For OSB I mean.|
|Today looks a good buying opportunity for those holding medium/long term.|
|Been saying for a while that 232/233 was a resistance point which if it becomes support would be a clear path to 286|
|It's bounced off a resistance level. Look at the daily chart.|
|Whole sector rising, ALD and SHAW moving nicely.Don't understand why OSB is down today|
|I've been saying since 140 that these are substantially oversold, still only 10 years earnings in benign conditions, it's not like interest rates are 7% are they?|
|lol. I agree too. It's really interesting as if you read back a couple of hundred posts the analysts were spouting the interest rate drop to 0.25% as really terrible news for all the banks including the challenger banks. And you will also find the PI's saying they thought the opposite.
I guess the analysts clients are now starting to go long. They have been pouring into SHAW as well today and over the last week.
I guess this is an easy ride now to 300 and then I'm going to have to think a little harder as there will be no chart to go by. I suspect by then ALD will be still be looking good and the analysts will start to take about the dividend flow.|
|For virtually the first time in my investing life I agree with an analyst.
|Deutsche Bank upped its price target on challenger bank Aldermore to 257p from 194p as it reiterated its 'buy' rating on the stock. It noted the shares are up 38% since the beginning of September amid an improved perception of the UK economy and following a better-than-expected third quarter.
"We think there is still upside from here, driven in particular by falling funding costs. On today's advertised deposit rates, we estimate a flow cost of deposits of around 1%, compared with 1.8% at 1H16. We expect the majority of this benefit to flow through over the next two years, helping offset asset pricing pressure and providing Aldermore with a stronger buffer against falling margins than other UK peers." Deutsche said. The bank said key downside risks include deterioration in the UK economy or market sentiment, slower loan growth, asset price compression, higher loan losses/UK recession, a material fall in house prices and higher capital requirements.|
|Breakout alert over 232, the US hedge fund shorter ant hill mob have finished their games here it seems|
|I don't hold SHAW out of those three.Agree, I'm holding ALD up to £3, then I will reassess.OSB should reach £5.I got into ALD around 160p, OSB bought numerous times and hold more there.Brokers seem to be playing catch up for the sector.|
|OSB looks great but I'm on ALD and SHAW both of which I'm very happy with. I caught the very bottom on SHAW and nearly the bottom on ALD and had enough conviction not to sell on the way up.
We seem to be in an area of churn now where some buyers from lower down are selling out and being replaced by new buyers. Can't blame them I guess. I'm happy to continue holding and possibly sell half around 300 depending on what I see then|