Aldermore Share Discussion Threads

[reddave999] 10/3/2016 10:53

I was one of them Celeritas, down big time on the stock despite trying to average out:(

[investordave] 10/3/2016 10:53

I can't quite believe that the share price is now down despite the terrific results that we have seen. What the hell else is the company supposed to do?

[celeritas] 10/3/2016 10:50

Many got caught out with the budget last year, that 8% tax took about 50p off the price.

[masurenguy] 10/3/2016 10:49

Well the rise following this mornings results didn't sustain itself and we are already back to last nights close. The volume so far today has been average so there is no clear bias to bullish or bearish views.
The fundamentals look to be very good so it would appear that it is only the uncertainty that relates to the possible implications from the upcoming budget that is holding this back at the moment.

[steptoes yard] 10/3/2016 10:47

risible

they might as well pack up and go home then :-)

[future financier] 10/3/2016 10:30

SY - they took on a computer system (that is widely used within the smaller mortgage lending community) and which is atrociously bad. For example they cannot create new mortgage products to reflect changes in interest rates (unless it has been changed in the past few months) without resorting to programmers employed by the system designers. Clunky and expensive for what should be a simple (albeit tightly controlled) user implemented change - and ALD is not the only user suffering from this awful mortgage administration system, OSB is another! More fundamentally are they getting adequate and reliable MI out of it if, as I suspect, they have stretched a basic system to its limits it is highly likely that there are elements that are held together with pieces of string.

[my retirement fund] 10/3/2016 10:10

This is dirt cheap, I suspect there will be an array of broker upgrades in coming days.

This is a money making machine, pure and simple and should be bought.

[steptoes yard] 10/3/2016 09:56

Explain your send paragraph FF please

ALD didn't start underwriting until 2009 which was after the credit crunch

[future financier] 10/3/2016 09:52

Can't see the share price really taking off until they start paying a divi. Overall excellent results spoiled just slightly by two underperforming divisions - Invoice Finance (which is very small) and Buy to Let. BTL is their biggest division and has gone off the boil with reduced new business in a market that expanded by something like 20% in the year. This may be due to a re-structuring that has placed all BTL under the same (uninspiring) control as Residential mortgages.

I love the BS about DNA in the CEO review - Private Eye must pick up on this - and as for their "modern, legacy-free and scaleable systems" - give me a break!!!!

[nurdin] 10/3/2016 09:35

I think its the fear of what the Chancellor has in store for challenger banks in the Budget...although he has already declared his intentions.Apart from that I see no reason for this pathetic reaction to what are superb results.

Mikeja you still here?

[dodddy] 10/3/2016 09:34

gorilla36 i agree wholeheartedly but patience is whats needed here to beat the algo traders :)

[kevph] 10/3/2016 09:20

Agreed. Perhaps it's the 180p brigade cashing in their gains. Hopefully rock on once we get rid of them.

[gorilla36] 10/3/2016 09:15

Very disappointing reaction, one really has to wonder what a co has to do. As regards the presentation (won't make any difference) and the view of analysts (utterly stupid people who can barely write) well that won't make a difference either. I'm afraid we are in a time where co's are simply not valued intrinsically. It simply all about robots constantly churning to make a few pennies but doing so millions of times a day in order to make lots of money. I could go on but it is pointless.

[paleje] 10/3/2016 08:57

Peel Hunt reiterated a 'buy' reco this morning with a target of 225p but the price was 226p when they issued, beats me how they come out with this sort of stuff unless its a mis-print and should be 325:)

[reddave999] 10/3/2016 08:50

Apologies Steptoe, having a coffee myself lol :)

[steptoes yard] 10/3/2016 08:39

We haven't had the presentation to the IIs yet Dave. Give em time to drink their coffee !

[reddave999] 10/3/2016 08:39

Very disappointing response, what do you reckon diku?

[investordave] 10/3/2016 08:37

I hate to think how the share price would have reacted had the results been bad. What a poor response to a cracking set of results.

[nurdin] 10/3/2016 07:27

Cracking results well ahead of market expectations! Lets see how the share price reacts...

[dlku] 10/3/2016 07:06

could go up 40p today on those fab results

[jgoold] 10/3/2016 07:06

Looks like they are well ahead of market expectations!

[mazarin] 10/3/2016 07:02

Now for the Moment of truth............?

[investordave] 09/3/2016 16:42

I hope the level of the UT is not an indication of poor results tomorrow. No doubt some larger holders already have inside information as to what Thursday will bring. We PIs are always the last to know.