Aldermore Share Discussion Threads

[igoe104] 16/7/2015 13:04

Typical banker`s with over inflated ego`s.

(I`m worth 40 million,) what a load of rubbish.

Everyone is replaceable in this world, the world doesn`t stop for nobody, regardless if he`s your mate or what.

[future financier] 16/7/2015 12:56

Masurenguy - my comment about the value was a little "tongue in cheek"!

[future financier] 16/7/2015 12:55

Extrader - to answer your questions - I would prefer not to answer the basis of my knowledge - it is a small world and I don't want there to be any "finger pointing".

Regarding timing - well my comments about relative movements related to the period since the start of business on 13th - i.e. before the formal announcement (which I admit I had missed). And ALD is certainly nowhere near a response to the tax/legislative headwinds you refer to.

No - for some reason he was "passed over" last year and that is what has caused this. As regards high calibre egos, that exists in abundance at ALD - but not with Stephens - you need to look further up the hierarchy (again look at my previous posts for guidance about who I might be referring to!).

[masurenguy] 16/7/2015 12:48

FF - to ascribe some differential in shareprice movement with a comparative bank as being just related to one intangible factor is both highly speculative and rather absurd.

Individual shareprice movements are caused by a wide variety of factors and nobody can measure the potential influence exerted by just one of them. Therefore, to state that the recent price movement "is probably attributable to the impending departure of Mark Stephens" and that "I guess means he is worth £40m to ALD" in this context is just ludicrous. Such comments just undermine your credibility.

As Celeritas has pointed out above, the recent Kames sells and the low trading volumes would appear to be much more tangible factors if one is seeking some kind of coherent reason.

[celeritas] 16/7/2015 12:08

The difference with the other 2 is Kames decided to sell some.
Volume is very low anyway, summer doldrums as usual where prices just float around.

[future financier] 16/7/2015 12:02

There has been a 5% adverse move compared with both OSB and SHAW since the start of the week without there being any news. Not unreasonable to presume some news "leakage" before today so this differential is probably attributable to the impending departure of Mark Stephens.

Which I guess means he is worth £40m to ALD - just a pity he wasn't given shares/options to recognise that perceived value - in which case they would have probably kept him. (BTW - I am not called "Stephens"!!).

In relation to the overall quality of management remaining at ALD I would say that 5% is an under-estimate of his value to the business - but that is just my impression. It is after all not uncommon even for large established companies to have a movement of 5% on the departure of a key person. And trust me MS was key to the operation of ALD - more so than any other individual (including all of the Board members).

[masurenguy] 16/7/2015 11:30

FF - interesting perspective but I don't really think that one executive can be that critical to the future fortunes of this business. This is a bank, with all of the bureaucracy and regulation that goes with it, not some entrepreneurial high tech operation or disruptive business model that will revolutionize a particular market or sector. I think that the importance that you ascribe to Mark Stephens rather exaggerates his role and impact !

[future financier] 16/7/2015 10:43

.... but written before the news about Mark Stephens - trust me, he is a MAJOR loss and of his replacements I know for sure one of them is a distinct lightweight.

[future financier] 16/7/2015 09:46

"Aldermore has announced that Deputy CEO and Group Commercial Director, Mark Stephens, will leave the bank at the end of the year" hxxp://www.bridgingandcommercial.co.uk/article-desc-5043_deputy-ceo-to-leave-bank-after-6-years#.Vadupa3H-Ul

I refer to my post number 9 on this BB. This probably explains (and definitely justifies) the recent share price weakness. They are losing the man with the brains and the drive. SELL.

[nurdin] 15/7/2015 18:30

I see Kames Capital have been off loading..now below 3%.Perhaps the reason for the fall?

[mazarin] 15/7/2015 17:28

As I see it the 'thinking' appears even more 'disjointed' because on the one hand 'The Government' announces easing the Planning Process to facilitate 'The Construction Industry' in order to build 'much needed' new homes. Whilst at the same time The Chancellor decides to impose added charges on Banks that will have the obvious 'knock-on' effect of making loans for the extra homes they intend to build even more expensive and harder to find. None of it makes any sense and rather suggests the link between 'New Homes' and 'available mortgages' has been entirely missed....?

[cestnous] 15/7/2015 16:20

Bloody politicians. Was making several K profit in this and had it in the stock challenge where I was 3rd. Out yesterday at a small profit and 36th in the stock challenge. :¬(

[diku] 15/7/2015 16:17

Its a casino what do you expect!...

[future financier] 15/7/2015 16:12

.... and yet the price falls by 20%!

And the only pure play BTL operator - PAG - falls by 5%

[matt] 15/7/2015 15:34

"George Barrow, analyst on the Polar Capital Financials team, said that while the tax surcharge would not apply to the first £25m, it would still have a roughly 6 per cent negative impact on earnings."

[celeritas] 15/7/2015 13:53

Low volume stuff nurdin, it's getting messed about with.

[diku] 15/7/2015 13:33

220p anybody?...

[nurdin] 15/7/2015 12:57

ALD suffering budget blues far more than OSB for some reason.I would have expected the reverse, given OSBs stronger focus on the BTL market...

[mazarin] 13/7/2015 14:37

ALD extends an invitation to SME's in 'The Business Lounge' see: