Aldermore Share Discussion Threads

[mazarin] 20/11/2015 17:10

According to ALD Investor's page, we finally closed down 2.17% at 256.6p today, thanks to last minute rally for details, see
OSB closed down 1.62% (-6.3p) SHAW was up 0.63% (2.1p) and VM up was also 0.42% (1.5p)
ADVFN's graph data is not always accurate at this level

[davr0s] 20/11/2015 16:37

Well at 4pm it looked like 250 was going to go but great finish turned it around. Next week will be key - if we can hold support that maybe the end of this dip (hopefully)

[davr0s] 20/11/2015 15:16

Sorry meant "we're" - looks like we are not trying to get back over 250 as I write this

[davr0s] 20/11/2015 14:57

Technically it would be good to end at/over 250 or thereabouts otherwise supports gone. Pity given we are in the 290s just a weeks ago.

[mazarin] 20/11/2015 14:50

So far it appears mostly confined to ALD, I'm afraid, however, I will compare whole Sector later (after close).

[beckaroo] 20/11/2015 14:43

It only seems to be Aldermore affected though. Does anyone does this have much bigger drops than other challenger banks?

[reddave999] 20/11/2015 14:35

Not a good day today either!!!

[mazarin] 19/11/2015 18:16

For what its worth, its not been a good day for Challenger Banks generally. VM -21.0p, OSB -16.90 ALD -14.7p, whereas SHAW has come out best at just -3.9p. Currently all have been out of favour on an otherwise good day.

[future financier] 19/11/2015 12:41

BLOOMBERG: - Virgin Money Holdings UK Plc and Aldermore Group Plc may require more capital if British regulators impose tougher rules to curb the buy-to-let housing market, Bank of America Corp. said.

[mazarin] 19/11/2015 12:41

Probably not helped by Andrew Bailey, Head PRA (Banking Regulator) who recently told Treasury Select Committee that the gulf between Challenger Banks and Main stream Banks was in his opinion too great a gap for Challenger Banks to close and Mark Yallop, former Head of Swiss Bank UBS who also suggested that customers would prefer to remain with their incumbent Banks.

[deadly] 19/11/2015 12:29

knock-on effect from BVS statement and related housing stock falls? If so, overdone on both counts.

[geoff21] 19/11/2015 12:23

Possibly a few nervous nellies selling in advance of the Chancellors Autumn Statement Wed 25th Nov, as last statement was a bit of a kick in the nuts.

[davr0s] 19/11/2015 12:04

Ridiculous drop given wider market rises in recent days

[pen8] 19/11/2015 12:00

Totally confused with this drop but as volume is not that big I assume a modest negative review somewhere?
Same company as last night?!!!

[reddave999] 19/11/2015 11:56

Anyone know what's happening?

[abergele] 12/11/2015 11:24

I thought a good buying op. at 2.73 p areas this morning,
for those who missed the boat at £2.57p some weeks back,
has all the potential for bigger things

[nurdin] 12/11/2015 09:10

All looks good but would have preferred to see some more details eg net earnings,cash flow etc. Market reaction a bit insipid so far

[steptoes yard] 12/11/2015 07:20

ALD the gift that keeps on giving. Market should catch up soon

[masurenguy] 12/11/2015 07:09

Continued good progress

RNS Number : 4226F
Aldermore Group PLC
12 November 2015

Q3 2015: Continued delivery against targets.

. On track to deliver targeted 2015 net loan growth of c£1.4bn

· Organic loan origination of £1.9bn year-to-date; up 12% on prior year (Q3 2014 YTD: £1.7bn)

· Net loans to customers up by 20% to £5.8bn (31 December 2014: £4.8bn)

o Lending to SMEs up by 19% to £2.7bn (31 December 2014: £2.2bn)

o Residential Mortgages up by 22% to £3.1bn (31 December 2014: £2.6bn)

Dynamic online deposit franchise matches lending growth

· Customer deposits up by 20% to £5.4bn (31 December 2014: £4.5bn)

· Excellent SME deposit growth; up by 28% to £1.3bn (31 December 2014: £1.0bn)

Maintained robust capital position

· Total capital ratio(1) of 15.6% (30 June 2015: 15.8%)

· CET 1 capital ratio(1) of 12.0% (30 June 2015: 12.0%)

· Leverage ratio(1) of 7.2% (30 June 2015: 7.2%)

Phillip Monks, CEO, commented: "It has been another excellent quarter for Aldermore as net lending continues to increase in line with our expectations. We've delivered net loan growth of around £1bn for the first nine months of the year with net loans totalling £5.8bn at the end of September. Growth across the board is strong, with loans to SMEs up by 19% to £2.7bn and lending to homeowners up by 22% to £3.1bn. We refreshed our buy-to-let customer offering in July and I'm very pleased that, across both SME Commercial and Residential Mortgages, buy-to-let origination during the third quarter was around 19% higher than for the same period last year. As expected, we have not seen any impact from the recently announced changes to tax relief for some individual buy-to-let landlords. Our award-winning online deposit franchise funds our support of UK SMEs and homeowners with year-to-date growth of 20% to £5.4bn in deposits matching the rate of lending growth. We continue to diversify our deposit base and have driven 28% growth in SME deposits this year. Macro-economic conditions and the credit environment remain relatively benign in the UK, with base rates unchanged and continued growth in our target markets. We are on track to deliver net loan growth of around £1.4bn in 2015 while maintaining our margins, robust capital position and prudent risk appetite. We remain excited about the opportunity we face and confident of our ability to build on our proven track record of delivery for both customers and shareholders during the rest of this year and beyond."

[elgordo] 11/11/2015 12:26

Yup, here -

hxxp://www.investors.aldermore.co.uk/financial-calendar

[mazarin] 11/11/2015 12:21

My records indicate that ALD's Q3 results are due for release tomorrow, but can't find anything currently to verify this, as yet.

[steptoes yard] 09/11/2015 14:14

PEG ratio is less than 0.5

[nw99] 09/11/2015 08:09

It's a very cheap bank and the chart pullback gives plenty of scope for upside

[igoe104] 09/11/2015 07:47

Similarly, challenger bank Aldermore (LSE: ALD) could also post 100% total returns within the same timeframe. Like Barclays, it trades at a large discount to the FTSE 100, with its shares having a P/E ratio of just 12.3. As a result, there is scope for an upward re-rating and if they were to trade at the same valuation as the wider index, it would mean Aldermore’s shares being priced around 14% higher.

Furthermore, Aldermore is forecast to increase its bottom line by 18% next year and, since it is a challenger bank, it may be more likely to maintain a higher rate of growth in the following years than will Barclays. That’s especially relevant, since the loose monetary policy which has benefitted Aldermore and other challenger banks through increasing demand for new loans is set to remain in place over the medium term.

As a result, if Aldermore can maintain a double-digit earnings growth rate from 2017 through to 2020 then its earnings per share would reach 37.6p. When multiplied by a rating of 14, this would equate to a share price of 526p, which would represent a doubling from its present price level.

[steptoes yard] 23/10/2015 12:42

The weakness is the overhand from AnaCap disposal. hTH.