Aldermore Share Discussion Threads

[shakeypremis] 13/7/2016 08:23

I think it is playing catch up with some of the other banking shares such as Virgin Money and Shawbrook. They had an extra day of large rises when Aldermore basically ended the day flat. I think it was Monday.

[isaready] 12/7/2016 14:33

as I said, I expect this to hit £1.80 soon.

[tjbird] 11/7/2016 14:20

taking off

[paleje] 11/7/2016 14:13

Dunno, I personally think they're overdoing the brexit thing, it's the uncertainty that's doing the damage, moves are being made right now to start getting some confidence back with the likely imminent PM appointmemt.

[solarno lopez] 11/7/2016 12:02

but did it tell the truth ?

[paleje] 11/7/2016 10:29

Sunday Times didn't do us any favours yesterday regardless of whether they're right or wrong:-

Challenger banks
Until quite recently, upstart lenders such as Aldermore and Shawbrook were held up as potential saviours of credit-starved businesses. These challengers would pump much-needed capital into corners of the economy where scandal-ridden big beasts, such as RBS and Lloyds, feared to tread.

Brexit, it would seem, has shattered much of that optimism. Shares in challenger banks have, if anything, fallen more steeply than those of their larger rivals. Shawbrook, for instance, has lost half its value since the EU referendum result. It gave investors further cause for alarm after last month taking a £9m charge against a number of soured loans. Shawbrook’s finance director stood down on the same day.

The exodus has been partly fuelled by fears over what horrors may be lurking beneath the disruptive facade of these young and unproven lenders.

The Bank of England warned last week that Britain’s smaller banks and building societies were more exposed to a slump in the value of office blocks and shopping centres than their big-name high street brethren. The minnows lent cash to commercial property developers on racier terms, according to Threadneedle Street.

A greater concern, perhaps, is the damage inflicted by the nasty economic downturn that looms, as Britain prepares its withdrawal from the EU. The challenger banks are built for growth, so any slide in demand for credit will hit them harder. Another worry is rock-bottom interest rates, which limit how much banks can earn from loans and mortgages. With the Bank tipped to slash rates this week, there is more pain ahead.

[shakeypremis] 11/7/2016 09:36

Other banks kicking on today, this should join them with vigour later.

[riccc1] 08/7/2016 15:48

Come on aldy :)

[qs99] 08/7/2016 14:47

enjoying the ride here, no reason IMO this should not see a further bounce, looks way oversold dyor etc

[apfindley] 08/7/2016 14:46

Nice to see movement today.Take a punt on GWMO with some profits, it could multibag very soon.Way undervalued, 2p target. Currently 0.4p. massive Gold-Copper asset, several hundred million in value according to the ceo, highly mineralised as can be seen by the satellite imagery of the GWMO license area. Copper visibly exposed along a 4km by 3km area is just one of many mineralised resource areas.

[cc2014] 08/7/2016 14:23

Can we do +10% again today?

[isaready] 08/7/2016 14:01

Home, you have a point. Net, same as Homer. At the end of day, no point discussing it. lets just see how it all pans out. The market will decide once numbers come out ;) It could go either way I agree.

[netflix2015] 08/7/2016 12:52

Yes, but fair value in less than 6 months seems rather quick to me?

[homerdude] 08/7/2016 12:27

Net, I don't understand the link. If you are saying the fundamentals to this company have changed from £3 to £1 because of brexit, I am saying, no not in my view. Im saying fair value is at least £1.80 whatever happens.

[netflix2015] 07/7/2016 16:57

isaready, why?

Are you expecting a brexit no vote, i.e. It not passing through the houses of parliament or even a second referendum?

[isaready] 07/7/2016 16:43

I think it will get to £1.80 before that.

[netflix2015] 07/7/2016 16:18

Patience will reward, £1.80+ in due course, it could be 6 months, 1 year or even 2 years but still worth the investment, as this bank is SOLID per their financials.

[cc2014] 07/7/2016 15:18

Can it make it +10% today?

[deanroberthunt] 07/7/2016 08:13

long as of yesterday.

[cc2014] 07/7/2016 08:12

Interesting. Intraday auction already. Market seems to have turned on a sixpence

[isaready] 07/7/2016 08:11

dean, its simple, I get it, I just don't get your position. Are you long or short.

[smokybenchod] 06/7/2016 21:12

I may be wrong but don't you have to provide collateral and/or a guarantor on you loan nowadays. If so I wouldn't have thought its that easy to get out of paying it back?

when I bought these I thought the share price will either double or the bank will go bust. Sounds like Numis and an Aldermore director essentially agree, although clearly the market does not currently. Time will tell.