Aldermore Share Discussion Threads

[mazarin] 23/7/2015 09:27

Further mortgage changes at Aldermore, for details see :

[mazarin] 22/7/2015 15:02

....at last and for once its in the right direction..! Aldermore today revamps its 'Buy to Let' business, for more info see:

[mazarin] 20/7/2015 17:42

Only Virgin Money made gains today, up 2.9%. OSB just slightly down and SHAW down just under -1%, whereas ALD down -1.52%. Challenger Banks seemingly out of favour

[mike740] 20/7/2015 12:50

ALD looks way too cheap for a bank sector wise and relatively.

Going forward a P/E of just 9.7, when in 2014 it was trading on a P/E multiple of
18.1.....................excellent opportunity to get on board.

Cheap as chips.

INVESTMENT RATIOS
2014 (A) 2015 (E) 2016 (E)
Dividend Yield 0.00% % %
Dividend Cover x x x
PER 18.17x 11.76x 9.72x</>
PEG 0.23f 0.22f 0.47f
Net Asset Value PS 105.08p 130.30p 150.70p
Definitions Disclaimer

[cestnous] 17/7/2015 14:37

News Economics
Good news for landlords: Rents are rising faster than house prices


by Emma Haslett

17 July 2015 10:05am

Landlords have been hit by measures included in the Summer Budget (Source: Getty)

All right, so landlords might have been hit by the Chancellor's new rules on mortgage tax relief - but rents might just help to make up for that, after they rocketed 5.6 per cent in the year to June - the fastest rise since 2005

That's according to a report by estate agents Reeds Rains and Your Move, which suggested rents are now rising faster than house prices on an annual basis for the first time since July 2013.

Monthly rents hit £789 in June, the figures showed, 1.4 per cent higher than the £778 recorded in May - despite inflation falling to zero per cent in June.

Surprisingly, London isn't the place where rents are rising most - that crown goes to the East of England, where prices rose 13.8 per cent in the year to June, the 15th month of consecutive rises.

The capital came second, with average rents of £1,241 and a 9.6 per cent annual increase, with the South East coming a "distant" third, with rises of 2.2 per cent to £778.

But yields remained steady at 5.1 per cent in June, unmoved from the same time last year. Meanwhile, annual returns fell to 9.2 per cent in the year, down from 9.3 per cent in May - and 11.9 per cent in the year to the end of June last year.

However, Adrian Gill, director of Reeds Rains and Your Move, called yields "resilient".
“Resilient yields backed up by rapid rent rises are a boon for landlords in otherwise trying times. Though the Summer Budget threatens to eat into their profits, record rents should provide buy-to-let investors with some comfort: the fundamentals still make being a landlord an attractive proposal.

“The fact that rents have risen faster than house prices should reinforce that the primary source of a buy-to-let investor’s income is rent rather than capital gains – house price growth is a welcome bonus, but not the be-all and end-all of rental property investment. Meanwhile, with mortgage rates so low, there’s rarely been a better time to invest in new property.”

[gucci] 17/7/2015 12:14

glad i added this am

[mike740] 17/7/2015 11:56

Tipster Robbie Burns comment yesterday.....

Ald started tanking on Budget day because the chancellor's new tax on banks didn't look good for newer challenger banks - I didn't see that one coming but markets can do that to you! So I sold well off highs unfortunately but about to buy back as it now looks very oversold. Smaller challenger banks are writing to the chancellor asking for breaks against the bigger banks, and just maybe they might get some as the tax seems unfair for them, a re-think could cause the share to uprate again.

[liquidkid] 17/7/2015 11:07

Cap in hand asking for a break against the bigger banks?

No never going to happen this tax could even increase as AllTheMore banks get more profitable.
These are not really challenger banks they are banks competing with the UK Govt's "UKFI Bank"
ALD's business lending directly competes with the effective RBS monopoly.
And in retail there's Lloyds and used to own Northern Rock - now Virgin Money.

UKFI have been on the gravy train since 2008 so why should they stop now?
consider this new 8% as a Gov't shareholding or is it a bond holding. a
convertible maybe. What it really is is a franchise fee. McBankster holds the
master franchise and be thankful its not based on gross lending.

[matt] 17/7/2015 10:44

It started sliding a couple of days before the budget and that's suspicious.

[igoe104] 17/7/2015 09:22

Ald started tanking on Budget day because the chancellor's new tax on banks didn't look good for newer challenger banks - I didn't see that one coming but markets can do that to you! So I sold well off highs unfortunately but about to buy back as it now looks very oversold. Smaller challenger banks are writing to the chancellor asking for breaks against the bigger banks, and just maybe they might get some as the tax seems unfair for them, a re-think could cause the share to uprate again.

[nw99] 17/7/2015 09:03

What comments are those please can you post ?

[dippydodaa] 17/7/2015 08:45

I expected more of a rise this morning after robbie burns comments yesterday

[igoe104] 17/7/2015 08:20

This has certainly lost the confidence of investors for the time being, I think the interims next month should calm things down.

[celeritas] 16/7/2015 16:03

Well there's certainly non now.

[diku] 16/7/2015 13:42

There was just too much froth built in from 240p to 310p over the 2 month period....mid May to mid July...it had to come off...

[celeritas] 16/7/2015 13:34

OK FF,I think knocking 70p off the share price is way overdone for a tax that won't make a huge difference to them.
Osbourne should really have excluded these banks and may yet alter his plans once he actually thinks about it after being lobbied.
These banks are lending to exactly those Osbourne wanted to grow, he's took about 10b off the table that these small companies could have used, really that's downright stupid on his behalf. I'm sure the tax taken in from this 8% would be less than the tax taken in eventually by these growing businesses, not to mention job creation.
He completely messed it up, doh moment, reminds me of a Black Adder character, lol.
Funny enough, wasn't he called George.

[extrader] 16/7/2015 13:32

Hi Future Financier,

Thanks for your reply.

If , indeed, MS felt 'pushed' and he's as good as you say, I imagine we'll see him pop up somewhere else in due course where his calibre (not ego ;->) is appreciated !

ATB

[future financier] 16/7/2015 13:20

Celeritas - it is not that he is the only person capable of doing the job - just that I am not convinced of the abilities of those that will (attempt to) fill his shoes. In relation to MC - I think it is marginally over-valued in relation to its peers (SHAW and OSB) - but that they are possibly slightly under-valued. So on balance about right!

[celeritas] 16/7/2015 13:11

They are plenty of people who can move and shake in this world, you are making him out to be the only person capable of doing the job.
For interest what do you think ald is worth (mkt cap?