Aldermore Share Discussion Threads

[mazarin] 28/8/2015 09:18

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.

[bamboo2] 28/8/2015 09:06

Stopped out at b/e. Don't want to hold over w/end.
Marazin, I should have bought when you first mentioned it! gla

[masurenguy] 28/8/2015 08:17

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:

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:

[mike740] 28/8/2015 07:52

ALD ALDERMORE GROUP.......

28 Aug 2015 Aldermore Group ALD JP Morgan Cazenove Overweight 253.50 278.00 325.00 340.00 Reiterates

SP TARGET 340p

[togglebrush] 27/8/2015 15:52

Press
'

[the wolf of wall street] 27/8/2015 14:57

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.

[mike740] 27/8/2015 08:56

ALD Aldermore Group......

UPGRADE..

RBC Capital raised its rating on the stock to "outperform" and increased its target price to 325 pence from 300 pence, citing lower-than-expected impairments.

[bamboo2] 27/8/2015 08:38

Hi Marazin, I'm looking at the chart as similar to OSB before the breakout. ie an unconfirmed Symmetrical Triangle. eod close above 292 gives an objective of approx 335. Started averaging in, tight stop.

[mazarin] 27/8/2015 08:30

Glad to hear it, I'm always interested to hear your views (TA and charts included) and assume your happy with what you see here.

[bamboo2] 27/8/2015 08:14

Marazin, long here.

[extrader] 27/8/2015 08:08

Hi all,

Happy with the result, not too sure I'm keen on the folksy narrative and marketing lingo eg 'it's in our DNA'......

Maybe I'm just reading too much Private Eye !

ATB

[igoe104] 27/8/2015 08:00

Big upgrades after these results, excellent stuff.

[scottishfield] 27/8/2015 07:41

''We've more than doubled underlying profit before tax to GBP44m compared with GBP21m for the first half of 2014. These excellent results give us great confidence for the rest of 2015 and beyond.''

Looking v good indeed going forward.

[mazarin] 27/8/2015 07:34

Outstanding results. What more could we ask for...?

[mikeja] 27/8/2015 07:24

Profits about 7% above market estimates.

[togglebrush] 27/8/2015 07:11

FWIW
'
H1 2015: Continued momentum drives doubling of profit
'
Underlying profit before tax(1) up by 109% to GBP44m
-- Net interest margin expanded to 3.6% (H1 2014: 3.3%)
-- Underlying cost/income ratio(1) improved by 11pts to 53% (H1 2014: 64%)
-- Excellent credit performance; cost of risk improved by 12bps to 20bps (H1 2014: 32 bps)
-- Reported profit before tax up by 112% to GBP40m (H1 2014: GBP19m)
'
On track to deliver net loan growth of cGBP1.4bn in 2015, equivalent to c30% full year growth
-- Record first half origination of GBP1.2bn; up 14% on prior year (H1 2014: GBP1.0bn)
-- Net loans to customers up by GBP635m or 13% to GBP5.4bn (31 December 2014: GBP4.8bn)
-- Lending to SMEs up by GBP270m or 12% to GBP2.5bn (31 December 2014: GBP2.2bn)
-- Residential Mortgages up by GBP365m or 14% to GBP2.9bn (31 December 2014: GBP2.6bn)
'
Innovative online deposit franchise funds lending growth
-- Customer deposits up by 11% to GBP5.0bn (31 December 2014: GBP4.5bn)
-- Strong growth in SME deposits, up by 20% to GBP1.2bn (31 December 2014: GBP1.0bn)
'
Successful IPO supports robust capital position
-- Total capital ratio(2) of 15.8% (31 December 2014: 14.8%)
-- CET 1 capital ratio(2) of 12.0% (31 December 2014: 10.4%)
-- Leverage ratio(2) of 7.2% (31 December 2014: 6.3%)
'
Delivering strong, sustainable returns to shareholders
-- Underlying return on equity(1) increased to 18.6% (H1 2014: 11.7%)
-- Earnings per share 8.8p (H1 2014: 4.8p)

[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.