Aldermore Share Discussion Threads

[nurdin] 09/2/2016 09:51

Agree.Currently trading at just 7.3x 2016 forecast earnings!

[johnsoho] 09/2/2016 09:46

Mesurenguy, I think you are absolutely correct in post 578, perhaps now is a good time to add.

[masurenguy] 09/2/2016 09:04

Aldermore is being hit by a major downturn in the banking sector. Challenger banks do not have the same legacy problems that afflict the traditional banks although they are also exposed to bad debt risk. The current price neither reflects the fundamentals or potential so this will be a good buy at the current - or maybe even lower price - on a longer term risk/reward basis.

[reddave999] 09/2/2016 08:33

Wtf it's a clown camp running this show.

[gucci] 03/2/2016 16:08

heading back to 180p

[albanyvillas] 27/1/2016 08:43

heading to new recent high

[paleje] 27/1/2016 07:58

Paragon issued a confident trading update this morning, not complacent about BTL leading up to 2021 but not unduly worried either and making plans to adapt. I don't hold them just thought relevant to ALD.

[future financier] 26/1/2016 08:32

nurdin - the trouble is that ALD is profitable - Metro is trading in the mad zone where the greater your losses the greater the perceived opportunity. Metro is making losses of £40m/year!!!

[albanyvillas] 25/1/2016 20:32

Figures reported today by the Council of Mortgage Lenders have shown gross mortgage lending for the UK on the rise overall. Over £220bn was lent in 2015, the highest since 2008 and an 8% increase over 2014.

[nurdin] 24/1/2016 11:46

Challenger bank Metro to float for £2bn...that is at 3x book value.ALD (mcap £700m) are trading at 1.35x if I am not mistaken. Hopefully the float will trigger some level of rerating!

[davr0s] 21/1/2016 14:19

Sold at on rise - like company but environment/policy changes plus I wanted to prune back. Good luck to holders

[nurdin] 20/1/2016 16:05

cheers..but this market will probably halt much progress short term.

[masurenguy] 20/1/2016 15:59

Credit Suisse upgrades ALD from neutral to outperform with a price target of 265p

[aishah] 19/1/2016 09:18

Numis upgrades to BUY, 243p target

[eastbourne1982] 18/1/2016 15:07

Considering the price has slid into the £1.80's I guess not !!

[reddave999] 18/1/2016 14:54

The Finance Director bought at 210p Dec 10th if my memory serves me right which indicates some kind of support level at that time would it not?

[eastbourne1982] 15/1/2016 23:37

Wasn't really that quick a rise, it was trading within a £2.40 - £3 range, fundamentally and given the growth and possibility of future growth it didn't seem expensive at £3.

[diku] 15/1/2016 23:04

Maybe it should have never been to 290p...quick rises are always suspicious....

[eastbourne1982] 15/1/2016 22:50

I thought these were cheap when I started buying in the £2.40's, have bought more since and now average around £2.25, I'm going to hold through short / medium term carnage as I still think these will come good, the fall from around £2.90 in November is staggering.

[reddave999] 15/1/2016 20:27

Me thinks they should have acted quicker, they are not being transparent but then again what bank has!

[paleje] 15/1/2016 15:45

BTL mortgage enquiries last 3 mths have apparently been their strongest yet, that's general not ALD specific. When I spoke with them pre xmas, they said they wanted to get more facts and figures before they issued a statement rather than cobble one together, they thought it would be possible by March. They also said directors thought the (then) share price was ludicrously cheap hence their buying. Ironic that it's even more ludicrous now:) FWIW I don't think I was lied to.

Anyway it's wait on the outside for me now for a while, don't like the market overall.