Aldermore Share Discussion Threads

[cc2014] 18/8/2017 15:47

It is good to see this bounding strongly today on a bad day on FTSE. I was pretty disappointed yesterday when it fell on very little volume as I couldn't relate the news that interest rates weren't going up in America and thereafter constraining NIM on a UK bank which serves the UK market.

It seems others agree with me overnight or maybe it's just common sense setting in. Just goes to show the vagaries of the market.


Based on what I see here with the price at 230 as I speak if the FTSE can find it's way back to 7400 over the next week we should be through 240.

[cc2014] 16/8/2017 08:20

Reason for yesterday's news. Investec have always been a big fan.

IN THE KNOW: Aldermore's Growth Just Getting Started For Investec

Investec reiterated its Buy rating on Aldermore Group saying the challenger bank's half-year results were "superb" and thinks the best is yet to...

[steptoes yard] 15/8/2017 14:14

In which case that's pushing ALD nearer to the 8 yrs earnings ballpark possibly towards 7. We all know what 10 yrs at 31p means.

[interceptor2] 15/8/2017 13:59

It took a while for the positive reaction I was expecting after last weeks interim results, but volume now seems to be picking up.

Before the interims brokers were estimating 30.34p EPS for this year, I should think these numbers will be revised up.

[steptoes yard] 15/8/2017 13:41

Hopefully they will keep hoovering up to the levels before May bank holiday...and further up. Must be on course for 30/31p eps for FY, surely.

[cc2014] 15/8/2017 13:40

Price and volume action looking really good today. That's significant volume by lunchtime. Looks like someone wants everything they can get.

[cc2014] 15/8/2017 10:04

Looking good today. Up and lots of volume going through. Gives a chance for the short term speculators who bought after the interims to get out and be replaced with long term holders (hopefully).

Alot of the buy volume on interim day came through between 226 and 228 so hopefully we are shifting that on right now.

[igoe104] 14/8/2017 14:05

Either that, or they are accumulating stock for a possible takeover ?


But saying that they have a lot of equity investments..

[interceptor2] 14/8/2017 10:17

Norges Bank seemed to have liked the recent results.

[igoe104] 14/8/2017 10:10

Macquarie today reaffirms its outperform investment rating on Aldermore Group PLC (LON:ALD) and set its price target at 277p.

[che7win] 13/8/2017 15:29

C.C,
That's what I put it down to.

The market ignores the reason why ALD is growing, it's taking market share away from the likes of Nationwide.

Hence why ALD grew profits 45% by eating into the big players monopoly.

[cc2014] 13/8/2017 09:36

I assume the fall on Friday was caused by this. I could be wrong.


Nationwide's mortgage lending down two thirds due to stricter credit assessments.

I assume the market sees this as something ALD should be doing but isn't but where exactly did they think ALD, PAG etc. were getting their growth from because it we've known all along it was from a larger slice of the pie rather than a bigger pie.

I see Nationwide (and LLOY, RBS) as very conventional, slow to react, cautious and traditional. ALD, SHAW, PAG, OSB, VM. are far more motivated.

Still the market has been risk off ever since Brexit. I have a whole raft of stocks where the P/E, NAV, dividend yield and future growth are getting along way out of line. Nothing is moving them at the moment despite all of them continuing to deliver their long term plans.

[bonio10000] 11/8/2017 13:36

I'm sure the banking system and impact on housing prices would not change one bit.

[che7win] 11/8/2017 13:10

Somehow I don't think N. Korea will have any effect on ALD remaining solvent or not!Numis upgrades today:Broker viewsDate Broker Recommendation Price Old target price New target price Notes11 Aug 17 Numis Add 215.20 233.00 262.00 Upgrades10 Aug 17 Numis Hold 215.20 233.00 233.00 Reiterates10 Aug 17 Peel Hunt Buy 215.20 275.00 275.00 Upgrades10 Aug 17 Liberum Capital Buy 215.20 275.00 275.00 Reiterates26 Jul 17 Deutsche Bank Hold 215.20 270.00 225.00 Retains05 Jul 17 Credit Suisse Neutral 215.20 225.00 225.00 Reiterates

[bonio10000] 11/8/2017 12:50

Depends - it kicks off then most of the banks could well be insolvent overnight.

not sure a quick buck is really worth it on a risk reward basis.

[che7win] 11/8/2017 12:44

Hjs, Yes, market is handing a gift IMHO.

[hjs] 11/8/2017 12:42

Imho, this is an opportunity to make a quick profit. The share price has dropped some 9p after a good set of results due to geo-political issues with N-Korea and US.

[cc2014] 10/8/2017 20:14

So frustrating but as long as they keep adding 30p + a year a share in net asset value the share price has to move eventually.

I wonder whether the price will start to move in the next six months as the first dividend gets closer.

[igoe104] 10/8/2017 20:00

Telegraph write-up.

[che7win] 10/8/2017 19:42

Go figure, the share price hasn't moved all year, 45% profits increase and we get 1.4% increase in the share price.

[cfro] 10/8/2017 17:55

I bought in today on the back of some very good results. I see some familiar names here so i am in good company. :-)

[igoe104] 10/8/2017 17:03

Well spotted SY, I get the feeling even if it was trillions, the share price would have hardly moved.

[cc2014] 10/8/2017 16:47

Share price = 224p
Tangible book value 167p

EPS = 14.9p for half year. Let's call it 32p for the full year.

So, 224-167 = 57/32 = 1 year and 9 months worth of trading = share price.

Crazy.

[steptoes yard] 10/8/2017 16:21

278 to 328 million I reckon although if it is billion can I buy some more before everyone else?