Aldermore Share Discussion Threads

[igoe104] 06/11/2017 07:45

Looks done at dusted now.

The Board recommends offer from FirstRand 
·    Aldermore received a 313p per share offer for the entire business, which has been recommended by
the Board to the Group's shareholders
 

[extrader] 24/10/2017 18:22

Hi guys,

Interesting ideas for reinvestment of eventual ALD proceeds.

I'm looking at a mix of ASHM, CLIG (both for EM exposure) and AFX myself.

ATB

[che7win] 24/10/2017 09:54

CC,
I've been reweighting my portfolio recently as I was too exposed to finance stocks. I will sell the T20 I have here and keep the other shares I have for 313p unless I see a better opportunity.

What type of investment are you looking for?

For instance, I think TXP is a gem, undervalued at current price, have you considered that sector? It is one of the few stocks I am happy to build up in this market.

The rest of my recent purchases are risky - IMM, SPI, GMS, looking for short term gains, perhaps not suited to you investment style.

[cc2014] 24/10/2017 09:36

Morning. I shall continue to run this trade until I get 313, an increased offer or the market falls 10% and I can put the money to good use elsewhere. Some of my investment here was at 115 and the rest at around 230 from the proceeds of SHAW

My thoughts are turning as to where to put the money next. The sector peers all look too high to me to give me a decent risk/reward ratio.

PAG at 460 has come far enough in a few weeks
OSB at 415 might have some room to run but really I'd want something below 400
VM. at 295 seems to be moving back down after it's trip from 260 to 300 but really I'd want something more around 260.

Which leaves me with the property companies BLND,LAND,HMSO,INTU all of which are paying decent dividends and are beaten up on the back of Brexit and recent IWG results.

I already have some BLND and INTU and whilst they are a sensible percentage of my portfolio I'm not inclined to really load up yet no matter how good the dividend stream looks to me.

Any thoughts

[steptoes yard] 23/10/2017 09:58

There may well not be but it's a risk free punt to remain as First Rand ( due dili
pending) have a good deal, not a bargain but a good deal.

[cc2014] 23/10/2017 09:52

Good morning all. Price now fallen back to the 304 area, suggesting no rumours on the network yet of a higher bid. Pity. I'll wait patiently.

[scamper] 20/10/2017 09:51

Lindsey does not work at BC, She is the Managing Partner at Pollen St Capital.

[future financier] 19/10/2017 12:28

I don't believe that Lindsey would see any value here at anything like the current price - my guess is that her top price would be around 275p - and that is assuming that she was the slightest bit interested in ALD.

[cc2014] 19/10/2017 11:35

Dont' believe BC partners will want this as well but I could be wrong. Even if they do Lindsey is so mean they will only bid 314.

[steptoes yard] 18/10/2017 16:56

360 will flush me out :-)

[scamper] 18/10/2017 16:02

Rather more hopefully, needs to be a worthwhile counter bid or hostile.

[che7win] 18/10/2017 15:20

Thanks Scamper, may go above 313p

[scamper] 18/10/2017 15:01

'Meanwhile, Goodbody speculated that BC Partners, the private equity find that agreed in June to buy Shawbrook, is “an obvious candidate” to launch a counterbid for Aldermore.'

[scamper] 18/10/2017 14:58

Peel Hunt said the offer undervalued Aldermore and could tempt rivals to make a higher bid. Investec judged the offer to be reasonable but not “over-generous”.

[alchemy30] 17/10/2017 16:35

nice close

[che7win] 17/10/2017 16:10

Yes, it's close to risk free profit, the South African company seems keen imho.

[interceptor2] 17/10/2017 15:25

I would like to see another party interested here, but I have seen the post announcement drift towards the offer price before in other stocks that I have held in similar situations.

I guess it must be due to reduced number of sellers now and no reason for share price not to trade close to offer price?

[che7win] 17/10/2017 14:18

Any risk of another bid and it could trade above 313p

[cc2014] 17/10/2017 14:09

Price beginning to move up in a way which is a bit suspicious...

Maybe just wishful thinking but somehow I think price is moving up too fast and too close to 313

[uncle john] 17/10/2017 12:23

So no other companies interested in a fair priced buy.
Does that indicate that the Challenger Bank industry is not as strong as we thought. No one wants to grow quickly?

Any opinions?

[alchemy30] 17/10/2017 10:37

Bit more lively here this morning although not particularly strong volume.

[maurillac] 16/10/2017 11:45

well at least you dont risk capital loss on your cash cc2014 ! i feel much the same way atm and also have cash sat doing nowt since sales. as for ald im happy to wait for the deal to proceed especially as i think that there could be another interested party ....
gla
m

[cc2014] 16/10/2017 11:01

I plan to sit tight and take the extra 3% when it goes through plus the small chance of a higher bid.

I suspect the general market will run up to Xmas but I'm really looking to enter at a lower level than where I see most stocks.

The market seems to have lost all fear at the moment and it may continue to do so for some considerable time.

I find the sitting around and trying to be patient extremely challenging as when I have a sizeable amount of money not invested I feel bad as I'm getting no return on it.

[interceptor2] 16/10/2017 09:51

Sold half of my holdings here on Friday to invest elsewhere in the sector, but happy to hold the balance until conclusion.

Looked into valuations of both ALD and SHAW before and after an offer was received and by comparison with both OSM and VM. I believe both are undervalued by approximately 35%.

I researched all challenger banks and think that OSB and VM. offer the nearest valuation to ALD and SHAW before the offers were received,haven't bought in anticipation of a takeover particularly but there is a chance that sentiment will change towards this sector.

[che7win] 15/10/2017 22:54

Igoe, Reminds me of OSB, high teens growth against P/E 8.