Aldermore Share Discussion Threads

[daveb12] 26/8/2015 15:22

Looking forward to the results tomorrow and based on big jump for OSB today hopefully something similar tomorrow fro ALD so bought some more today on the potential.

[mike740] 26/8/2015 14:36

ALD Aldermore Group

Broker Recommendations...

Aldermore Group broker views

Date Broker Recommendation Price Old target price New target price Notes
25 Aug Deutsche Bank Buy 276.80 290.00 290.00 Reiterates
24 Aug Nomura Buy 276.80 - - Retains
21 Aug JP Morgan Cazenove Overweight 276.80 - 325.00 Initiates/Starts
20 Aug Credit Suisse Neutral 276.80 235.00 265.00 Reiterates
18 Aug Nomura Buy 276.80 280.00 320.00 Retains

[mike740] 26/8/2015 13:44

Id settle for 300p short term as the broker implicates.

[mike740] 26/8/2015 13:43

nor me......

from Citywire this moring, looks a bit conservative but look at the last line.

Aldermore benefiting from bulk
Challenger bank Aldermore (ALD) is increasing in scale, which is expected to reflect positively in its first-half results.

RBC Capital Markets analyst Peter Leonardos retained his ‘sector perform’ recommendation but reduced the target price from 310p to 300p. The shares rose 2p to 267.1p yesterday.

‘We expect H1 2015 results to demonstrate the benefit of Aldermore’s increased scale, but we only increase our 2015 earnings per share forecast by 2%,’ he said. ‘The implied upside to our price target is 5% and we do not expect a dividend until 2017.’

He added: ‘We forecast a c.50% increase in net interest income in H1 2015 year-on-year and a more than doubling of adjusted profit before tax year-on-year, since strong net new lending volumes are delivering high operating leverage.

We expect management to reiterate the guidance communicated with the initial public offering and give a positive outlook statement, despite the implications of the summer Budget. In light of this and strong growth year-on-year, we believe results should support the shares at the current level and could even push them temporarily above our price target.’ 300p.

[mazarin] 26/8/2015 13:23

Not for long....me thinks

[reddave999] 26/8/2015 11:08

SP down a bit!

[mike740] 25/8/2015 13:56

Aldermore Group PLC (LON:ALD) had its buy rating reissued by analysts at Deutsche Bank. They currently have a GBX 290 ($4.54) price target on the stock.

[masurenguy] 24/8/2015 19:18

Topped up here this afternoon.

[igoe104] 23/8/2015 22:03

THURSDAY AUGUST 27

Challenger bank Aldermore will publish its first set of half-year results since it floated on the stock market in March. In that time, its share price has risen 47pc, from 192p to 282p now.

Analyst James Hamilton, from Numis, expects the bank to report its profits have more than doubled. “The operating environment remains extremely benign and we expect further substantial growth through the second half of the year,” he said. “Group profitability is forecast to increase 120pc to £41.0m from £18.6m,” he added

[masurenguy] 23/8/2015 08:33

Tipped in The Sunday Times today ahead of next Thursdays first post IPO interim results!

Aldermore steals a march on big banks
Analysts have forecast £40m in pre-tax profits for the six months to the end of June, putting the company on course to nearly double the £50m it brought in over all of last year...........Aldermore’s loan book has swelled from £76m to £4.8bn in five years......JP Morgan reckons it is only getting started. The bank’s analysts slapped a 325p target on the stock. That assumes Aldermore will grow its loan book 22% annually to 2018, while profits surge 31% a year......Last year, mortgage lending in Britain hit £206bn, with only £2.6bn coming from Aldermore. That translates to a 1.2% market share.

Aldermore is fully priced. It will get hit by the chancellor’s new bank levy from next year, and a rise in interest rates could dampen its key mortgage business. None of that changes the fact that the big banks are distracted by scandal and regulation, leaving the path clear for a nimble, low-cost rival...Buy.

Complete article here:

[igoe104] 22/8/2015 09:11

Aldermore Group PLC (LON:ALD) had its price objective raised by Nomura from GBX 280 ($4.38) to GBX 320 ($5.01) in a research report sent to investors on Tuesday morning, ARN reports. They currently have a buy rating on the stock.

[mazarin] 18/8/2015 22:43

Ald, OSB, Shaw and VM. all made gains today, but OSB led the pack and is the first to return close to Pre-Summer budget levels. Let's hope that ALD quickly follows suit.

[dlku] 18/8/2015 13:39

OSB breaking out

[deadly] 13/8/2015 15:06

Back to 282p. Market is schizophrenic on this one.

[johnv] 11/8/2015 17:37

Has George done a U turn?

[gucci] 11/8/2015 17:10

excellent finish today

[dlku] 11/8/2015 12:15

cookking on gas

[gucci] 11/8/2015 12:08

Heading back to 300p

[opodio] 07/8/2015 15:33

ooohhh results 27th,

didnt know that!! Sweet

[kevph] 07/8/2015 13:58

yep, realisation the shares are undervalued in the run up to expected results on the 27th methinks. Any chance the recent £2.52 was MM generating some stock for this eventuality?

[dlku] 07/8/2015 13:37

chart looking better

[extrader] 07/8/2015 12:01

Hi all,

From zho's link

The challenger banks are now faced with paying higher corporation tax in order to keep HSBC and Standard Chartered sweet. Predictably, they are furious about it and are lobbying Osborne to raise the profits threshold for paying the supplementary corporation tax to £250m.

More competition in high street banking is a good idea. It is forcing the established players to treat their customers with a bit more respect. Osborne wants HSBC and Standard Chartered to stay in the UK but not at the expense of the challenger banks. It won’t be long before a second climbdown is announced.

Given the minimal tax revenue foregone, I'm hoping that these arguments will prevail....

Not sure, mind , whether the Grauniad can be expected to have any particular insight into a Conservative Chancellor's thinking ;->

ATB

[zho] 06/8/2015 16:38

Osborne faces wrath of challengers after placing himself in big banks' pockets