Aldermore Share Discussion Threads

[boadicea] 06/6/2012 10:23

We have a little bit of traction this morning (not before time!)

[arja] 04/6/2012 10:33

I still keep this stock on my watchlist but it really is one of the most disappointing gold stocks around ! Might need gold to put on $300 in a day to rouse this stock .

[petersinthemarket] 26/5/2012 17:47

Still looking to buy here, but the charts are dire. OBV and ROC completely uninspiring. Williams %R indicates heavily oversold and share price might have stopped plunging downwards but still nothing to suggest an share price improvement yet.

[arja] 21/5/2012 16:07

finished at 115p equiv in oz as you say divinaus1 and disappointing performance in uk - but I think UK is still lead market and presumably a plunge can be expected in oz tonight but markets never fail to fool us !!

[divinausa1] 21/5/2012 12:22

up 12% down under managing a 2% rise here today...

[43rick] 20/5/2012 17:36

encouraging landowner news via

[enami] 20/5/2012 10:56

Allied still part fo the MSCI Small Cap Index. Review was 15 May.

[divinausa1] 20/5/2012 00:25

its an amazing chart....

should be trading above £2 easily...
markets have lost all sense and pricing in the end of the world scenario....

[divinausa1] 20/5/2012 00:23

Daytraders
17 May'12 - 22:13 - 194 of 195

cant believe that we had a £60mill placement just a year ago at 38.5p = 231p, and were now at 102p ? so were at just 17p old money correct ?
-----------------

unbelievable shareprice....

[boadicea] 18/5/2012 16:35

Nobody who bought later than 2008 can be in significant profit.
The share is due a recovery when gold looks less shaky - gold actually much better today but I would want to see a week of rises back to ~ $1750. However, with so many who will just be gratefully seeing their money back, any climb will be a hard haul and accompanied, I suspect, by heavy two-way trading.

Due to the risk of increased operating costs (albeit offset here to some extent by the planned heavy oil substitution) many may prefer to invest in the actual metal rather than its miners. One just hopes they have the sense (or knowledge) to stick to physical gold and not get into counter-party risk with the paper mirage.

[daytraders] 17/5/2012 22:13

cant believe that we had a £60mill placement just a year ago at 38.5p = 231p, and were now at 102p ? so were at just 17p old money correct ?

[philo124] 17/5/2012 21:48

Gold up now. Commodities have been manipulated downwards for several months.

[petersinthemarket] 17/5/2012 20:43

According to todays Daily Telegraph, with the lack of confidence in the Euro, many investors are selling Euro's and buying dollars and Govmnt paper. Perhaps this, along with the massive deposit withdrawals in Greece, is understandable.

However, in the past, a flight from currency has often resulted in a lurch towards 'safety' and this has frequently meant a rising gold price and hence a rising share price in gold-based companies.

What i do not understand is that on this occasion there is a heavy fall in the gold price and in shares in gold-based business's, like ALD amongst others.

My question is: Why is gold suffering at a time when currency is under pressure.

[daytraders] 17/5/2012 15:36

Broker notes are meaninless these days, the companys i have been in where notes say like worth 200p/300p a share and there at like 20p/30p, they rarely get it right it seems.

[boadicea] 17/5/2012 12:40

Link for those that want it -


(It may be necessary to register - free.)

My view of GE&CR is somewhat reserved but I can't see a lot wrong with this particular note - other than I generally assume a target price of around half the suggested value. The reason is that they frequently do not discount enough for risk factors.

Given the chequered history of the past year (pipe leakage and interruption to production) and the rather volatile local politics in both operational locations, not to mention the relocation of main quote, shortwhile entry and exit from the FT250 which has probably upset institutional investors etc, there is already plenty of discount in the current share price

Hence this is a very pertinent recovery situation and GE&CR are probably, for once, on fairly firm ground - imho, but dyor.

[thehardestbutton] 17/5/2012 10:09

Which part of it do you consider to be bogus then sg?

It looks like a fair NPV to me based on the figures and I believe a similar figure was also calculated last year when the stock was much closer to the target price.

[sg31] 17/5/2012 09:27

Not worth the paper it was written on in that case....

[thehardestbutton] 17/5/2012 09:23

Growth Equities & Company Research

Sorry dont have a link as it was sent to me via email.

[philo124] 17/5/2012 09:21

Thanks. which broker?

[thehardestbutton] 17/5/2012 09:05

Allied Gold Mining - Reaffirms 180,000 ounce gold target for 2012. Strong Buy at 102.5p with a 276p target price

Allied Gold, the Pacific Rim gold miner, has announced impressive quarterly results, with 34,107 ounces of gold produced in the March quarter - a 9.4% improvement on the December quarter. Gross cash costs for the three months also fell by 11% to $1,099 per ounce. The board reaffirmed not just the 2012 production target of 180,000 ounces but also the gross cash cost target of $850 per ounce by the year-end. Frank Terranova, the MD and CEO, commented that "An improvement in operational performance was achieved in the first quarter, resulting in a solid increase in production, and a healthy decline in cash costs. Production in the quarter was the second highest on record and the Company remains on track to achieve full year output of 180,000 ounces. That compares with 108,000 ounces in 2011, and confirms that Allied Gold is moving firmly in the right direction, with strong production growth leading to reducing cost profile. The remainder of 2012 will be an exciting period for Allied as we put in place the various expansion programs and cost reduction initiatives that will boost margins, and lift profitability. With over 3.0Moz in reserves and 8.0Moz of resources, Allied Gold continues to provide the market with an attractive opportunity to invest in a rapidly growing mid-tier gold producer with declining costs and expanding margins."

Valuation

Our sum-of-the-parts valuation of the Net Present Value of the Simberi oxides, Gold Ridge and Simberi sulphides, plus allowing for cash and debt at the year-end, gives a total figure of $914.6 million or £564.6 million. This equates to 276p per share based on the existing shares in issue. Allied Gold is substantially undervalued not just on a Net Present Value basis but using yardsticks such as the cash flow multiple. Similar stocks would normally trade on a multiple of 5-7 times cash flow whereas Allied Gold trades at less than 3 times 2012 cash flow. We reiterate our recommendation of Strong Buy, with a target price of 276p.

[juju44] 16/5/2012 17:32

big round numbers seem to matter in charting. we could find support at 100p

[petersinthemarket] 16/5/2012 10:06

Down through 105.
Next stop 85?

[petersinthemarket] 15/5/2012 20:56

>>enami - I think ALD was removed from FTSE250 in March 2012 Review, unless you have seen other info:

FTSE 250 Index

Inclusions
SEDOL Company Name Inv Weight
B74CDH8 Cairn Energy 100%
B5SXPF5 Essar Energy 30%
0683564 Petra Diamonds 75%
B4ZH7J1 Ruspetro 40%
B3KX4Q3 NB Global Floating Rate Income Fund (GBP) 100%
0066303 Avocet Mining 75%

Exclusions
SEDOL Company Name
0233527 Croda International
0003128 Aberdeen Asset Management
0692861 Unite Group
3123249 Impax Environmental Markets
0341969 JPMorgan Euro Small Co. Trust
B44QDS0 Allied Gold Mining