Aldermore Share Discussion Threads

[abarclay] 11/8/2016 07:59

H2 will be weak because BTL has died and housing market has died and NIM will take a hit because of lower base rates

[tini5] 11/8/2016 07:40

That's a nice set of results - expect a sharp upturn today and tomorrow.

[dendria] 11/8/2016 07:33

Results key points:

Underlying profit before tax up by 45% to £63m (H1 2015: £44m)

Earnings per share grew by 17% to 10.3p (H1 2015: 8.8p)

CET1 capital ratio of 11.0% (31 December 2015: 11.8%)

Phillip Monks, CEO states 'no direct impact' following referendum and 'remains optimistic about our future'.

[pejaten] 10/8/2016 17:22

Possible profit warning? I doubt that although possible that q1 results will be tough to beat given the pre tax increase rush.. More likely to say market conditions challenging but a small fish in the pond etc

[isaready] 10/8/2016 16:32

I think it will touch over and above £1.80, back to where it should be.

[mdw1] 09/8/2016 15:11

Looking for 175p here on decent results.....

[future financier] 09/8/2016 10:26

dlku - or to put another spin on it - record results, and no indication of post Brexit problems. Confirm intention to pay divi early next year.

[steptoes yard] 09/8/2016 10:18

Why would lower interest rates make it harder for the bank to succeed?

Surely they turn up at the funding window at circa 0.5% and then farm it out to the masses at 3.xx percent ( over 6 times) . Lot easier to do that than go at base rate of 10% and farm it out at 13% ( 30 % margin)

[dlku] 09/8/2016 10:06

Possible profit warning and relegation from ftse250

[cc2014] 09/8/2016 09:52

I admire your enthusiasm but one post would do. Results on Thursday.

[onjohn] 09/8/2016 09:37

New recent high

[onjohn] 09/8/2016 09:37

Level2 firming

[onjohn] 09/8/2016 08:21

Feel a whoosh to 200p coming

[onjohn] 09/8/2016 05:58

Back to 200p

[homerdude] 08/8/2016 22:36

Now the big boys got some stock, this will boom up to normal levels I'm the interim.

[smokybenchod] 08/8/2016 19:35

£1.3m buy this morning

[homerdude] 08/8/2016 10:28

Should get to £1.60 then £1.80 if results are OK.

[paleje] 08/8/2016 09:24

Small mention in yesterdays ST:-

The boss of challenger bank Aldermore is set to strike a defiant tone this week amid concerns that an economic downturn after the vote to leave the EU will undermine the fledgling business.

Shares in the lender, which specialises in buy-to-let and small business loans, have plummeted by 32% since the June 23 ballot. They closed on Friday at 139p, far below the 192p at which the company floated last year.

Founder and chief executive Phillip Monks is expected to reveal on Thursday that pre-tax profits rose to £60m in the six months through June — a 50% increase on the same period last year.

Monks, who owns £6.2m in shares and options, will also seek to allay concerns over a slowdown by highlighting Aldermore’s relatively small share of the markets in which it operates. The lender, for example, has just 2% of the buy-to-let market. This in theory means that it has ample room to grow even if the economy takes a dive.

Yet worries are mounting about the sustainability of the challenger banks, which were started in the wake of the financial crisis and have smaller balance sheets to withstand the forces buffeting the sector.

Last week’s interest rate cut will make it even harder for banks to make money from lending money to businesses and consumers, while the recently introduced 3% stamp-duty surcharge on second properties is expected to curb buy-to-let activity.

[cc2014] 08/8/2016 08:35

Going really well today but as of right now it's still lagging SHAW even today.

Did my FTSE 250 recalc again.

ALD needs 1.50 to stay in the FTSE250, SHAW needs 2.07. Review at the end of August

[igoe104] 04/8/2016 13:40

Aldermore drives growth with £1m funding deal




Solihull logistics firm adds more than 60 vehicles to its fleet after securing a new invoice finance facility with challenger bank Aldermore
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Logistics firm Central Courier Solutions has agreed a new £1 million funding deal which will support the growth of its vehicle fleet.

The Solihull-based firm has agreed the invoice finance facility with challenger bank Aldermore.

Central Courier Solutions was set up by David Blackwell over a year ago and now employs around 40 people, operating predominantly in the West Midlands and Northampton areas.

All vehicles the business operates have to be specified on its licence and the terms of the licence mean Central Courier Solutions needs to have a specific amount of capital available for each vehicle.

This means operating more vehicles requires the company to set aside more capital and the funding has therefore enabled the company to increase the number of vehicles it operates from 11 to 74.

Mr Blackwell said: "This funding will enable us to expand the number of vehicles we have at our disposal which will help us to meet increasing customer demand and ultimately grow the business.

"Before we obtained this funding from Aldermore, we had a lot of irons in the fire but we had to sit on our hands until we could expand our fleet.

"Obviously, this impeded the business' expansion but this funding will unlock the company's growth potential and I'm looking forward to developing the business."

Tom O'Dell, business development manager for invoice finance at Aldermore, added: "This case shows just how important funding is to business growth.

"At some point, customer demand is likely to outgrow the resources that most developing businesses have available and external funding is often essential if businesses are to continue on their growth trajectory without interruption.

"We're pleased to have been able to provide funding to Central Courier Solutions at such a key time in their development and we look forward to seeing the company continue to grow in the future."

[rubberbullets] 04/8/2016 13:32

Wow roll on 180

[mrphil] 04/8/2016 08:40

PS. FWIW We have a business savings account with them since just after they started and it's been excellent. Favourable rate, very straightforward to open, very easy to operate.

[henrylightningbolt] 03/8/2016 15:54

Thanks ElGordo.

[elgordo] 03/8/2016 15:17

Henry - this is what they said in their "Intention to Float" document in February 2015. I don't think anything has been said since to either re-affirm or revise this:

"Aldermore will consider subject to, inter alia, available distributable reserves, paying an initial dividend from 2017, taking into account the growth opportunities available to Aldermore at the time."

[henrylightningbolt] 03/8/2016 15:04

Thanks isaready. I have a fixed rate bond with them & am pleased with the interest rate. Just wondered if there is a possible return in Sp or Divi.