Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Aldermore LSE:ALD London Ordinary Share GB00BQQMCJ47 ORD GBP0.10
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 312.40 312.40 312.60 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Banks 239.4 128.7 25.2 12.4 1,078

Aldermore Share Discussion Threads

Showing 3376 to 3397 of 3675 messages
Chat Pages: 147  146  145  144  143  142  141  140  139  138  137  136  Older
DateSubjectAuthorDiscuss
03/3/2017
20:43
the penny is dropping amongst the money men that there is too much money to be made from these so SHAW goes back to private equity and ALD and OSB will likely follow. Surprised AnaCap aren't buying back but these were always going to change hands at some point. Question is, is anyone prepared to pay 14 to 15 yrs earnings on them? I think they were floated so that retail could carry the early can but now we're on the cusp of dividend land, retail investors will be bought out so that they can carry the can with more risk elsewhere whilst HNWI profits from the next stage for challenger banks. Money to be made here before they go, tho
steptoes yard
03/3/2017
18:49
well spotted. good news.
srichardson8
03/3/2017
16:46
Shaw takeover! !!!! Boom!
che7win
03/3/2017
16:29
What just happened with the price here ?!
davr0s
03/3/2017
08:23
TELEGRAPH write-up. http://tinyurl.com/gtmtbln
igoe104
02/3/2017
22:21
CC- I hope you are right however it is also true that legacy banks worldwide have tended to trade at valuations way below other sectors. For obvious reasons - they get hit badly in recessions when companies and indivduals cannot repay loans and bad debts go up. And markets go down. I don't think the market is yet comfortable in valuing these newer outfits without investment banks or high street branches or indeed long histories but it is true that in a real estate /housing crash they would be vulnerable. I can't see that happening but never say never, it has happened too often in the past and this is a former very minor real estate mogul writing. Clearly net profit should now follow pre-tax on unchanged taxation regulations. I just prefer to take what I hope is a conservative forward view and hope they beat it. Whatever, I think we agree that so far these guys are doing what looks like a very good job and on what we know the stock sure ain't expensive. So I also am very confortable keeping in here and perhaps adding into unjustified dips.
srichardson8
02/3/2017
21:44
The market is a fickle thing. For whatever reason the market perceives the value of ALD completely different than me. In July 16 some assumed there was no future for this company and it was trading at a value equivalent to net cash. 9 months on and it turns in 25p per share earnings, representing 10% of the share price and still the share price won't move significantly higher. I'm not selling mine. The growth rate of this bank is fantastic and I reckon it's worth at least 50% more than it is now on a basis of no future growth. I suspect it's the lack of dividends holding this back and as soon as that comes along we'll see a surge in the share price
cc2014
02/3/2017
17:05
Srichard, good feedback, the net profit is in start to pre-tax profit - the 8% tax surcharge masks the terrific underlying result.
che7win
02/3/2017
16:53
I received this reply from the company to a dividend query in Nov 16 'Aldermore doesn’t currently pay a dividend. At the time of the Bank’s IPO early last year the statement on dividends was that the Bank would first consider the potential of dividend payments in 2017. The context for this is that for the time being while we’re growing quite rapidly the capital needs to be retained to ensure that we meet our regulatory requirements.' You will see buried in today's release that they will not consider paying a dividend until the CET ratio is above 12% when in fact it remains slightly off that viz 'CET1 capital ratio of 11.5%, up from 11.0% at H1 2016 (31 December 2015: 11.8%)' For me the absence of more positive news on dividends is the only slight disappointment in basically terrific numbers (again). I think we can still use a basic p/e ratio for this company given high growth and RoE - 16%ish (my est rather than their adjusted number) is a really good bank RoE in this era of low rates. £94mn net profit on a closing market cap of £825mn (if this site is correct) means an historic p/e of x8.8 and prospective of (say assuming 10% growth this year) around x8. Not at all bad.
srichardson8
02/3/2017
16:05
The opening surge hasn't survived the day.
future financier
02/3/2017
15:49
The 8% bank tax is scandalous, really easy to target banks for this, why not have a higher threshold than £25m? Mazarin, the commentary today says they will look at it - probably quite small - 2.5% or so I would guess if they decide to.
che7win
02/3/2017
15:05
Were investors led to believe that dividends would commence 2017?
mazarin
02/3/2017
12:18
RBC Capital Markets have a target price increased by 30 pence to 280 pence.
che7win
02/3/2017
12:03
By the way - if you want to see evidence of their incompetence - open the link on their website to their results at hTTp://www.investors.aldermore.co.uk/system/files/press/aldermore_group_plc_fy_2016_press_release.pdf in Chrome and you will see that the tab is labelled Ruffler Bank plc - a name that has not existed for 4 years!!!!
future financier
02/3/2017
12:00
My moles in Peterborough and Wilmslow tell me that ALD are busy stripping out costs in a manner that will enhance earnings short term but could be negative long term. Could well be that Monks wants to sell the business in the next 18 months on the back of unsustainable wonderful looking results - and then retire to the Caribbean. So long as it works for us PIs - then I for one won't complain. Shame about the tax charge - the 8% surcharge is truly painful!
future financier
02/3/2017
11:35
Ok, no opinions then. On broker updates: Date Broker Recommendation Price Old target price New target price Notes 02 Mar 17 Numis Under Review 246.15 - - Under Review 02 Mar 17 Panmure Gordon Buy 246.15 285.00 285.00 Reiterates 02 Mar 17 Peel Hunt Hold 246.15 205.00 - Reiterates 02 Mar 17 Shore Capital Buy 246.15 - - Reiterates 02 Mar 17 Liberum Capital Buy 246.15 245.00 245.00 Reiterates
che7win
02/3/2017
08:17
Any opinion on the costs in the outlook statement?
che7win
02/3/2017
07:57
If all companies could deliver shareholder return at 18%. The Brexit dip was a real opportunity
steptoes yard
02/3/2017
07:37
2016 Results Underlying profit before tax(1) up 34% to £133m (2015: £99m) -- Reported profit before tax increased by 36% to GBP129m (2015: £95m) -- Underlying cost/income ratio(1) further improved to 45% (2015: 51%) demonstrating scale benefits and cost control Delivering a high-teens return on equity -- Underlying return on equity(1) of 18.0% (2015: 20.6%) -- Basic earnings per share grew by 11% to 25.2p (2015: 22.7p) Continued strong, profitable organic growth and robust credit control across the diversified portfolio -- Excellent loan origination; up by 24% to £3.2bn (2015: £2.6bn) -- Loan growth of 22% to £7.5bn (31 December 2015: £6.1bn) -- Asset Finance +17%; SME Commercial Mortgages +12%; Buy-to-Let +38%; Residential Mortgages +7% -- Strong net interest margin at 3.5% (2015: 3.6%) -- Continued robust credit performance; cost of risk at 23bps (2015: 19bps) in line with expectations Strong capital position maintained - Total capital ratio of 15.6% (31 December 2015: 15.1%) - CET1 capital ratio of 11.5%, up from 11.0% at H1 2016 (31 December 2015: 11.8%) - Tangible book value per share 21% to 153p (31 December 2015: 126p) Continuing to delight our customers - Net Promoter Score increased 14 points to +43 from +29 in 2015 - 94% of customers who reviewed Aldermore online would recommend us - Awards in the year include 'Leasing and Asset Finance Provider of the Year' (NACFB), 'Best Specialist Mortgage Lender' (Your Mortgage) and 'Best Business Savings Provider' (Moneynet) Phillip Monks OBE, Chief Executive Officer, commented:"2016 was another remarkable year for the Group. We've continued our track record of delivering strong growth, achieving record underlying profitability of £133m before tax, up 34%. This has been achieved whilst maintaining a healthy net interest margin of 3.5%, and by using the scalability of our operations to become even more efficient. More than 220,000 businesses and individuals now choose Aldermore for their banking needs and in 2016 the amount we lent to customers increased by £1.3bn to £7.5bn, driven by record levels of organic origination across both our Mortgage and Business Finance divisions. Our straightforward savings business grew by 16%, with around 30% of balances coming from businesses. Growth has been achieved across our diversified portfolio whilst maintaining a robust approach to risk management. The Group maintains a strong capital position and, as planned at IPO, the Bank reached the key milestone of becoming capital self-sufficient in the second half of 2016. We generated an underlying return for our shareholders of 18% in 2016 and we remain focused on continuing to deliver returns around this level over the medium term. We have made a strong start to 2017, continuing to balance growth, risk and returns across the Group."
masurenguy
02/3/2017
07:11
Great results
zeus19
01/3/2017
16:51
Good write up on Aldermore here. http://tinyurl.com/jj6wyax
igoe104
01/3/2017
16:47
Tipped here. http://tinyurl.com/zunvq4j
igoe104
Chat Pages: 147  146  145  144  143  142  141  140  139  138  137  136  Older
ADVFN Advertorial
Your Recent History
LSE
ALD
Aldermore
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20200929 08:47:13