Aldermore Share Discussion Threads

[cc2014] 12/3/2018 08:18

I think I've just placed my last ever trade on ALD. Managed to pick a few up this morning at 312.4 on CFD's so the profit will outweigh the interest payments

[cc2014] 02/3/2018 14:21

Transaction going through in about 10 days. Pity, it was taking so long I was starting to hope it would drag on into next financial year.

All my CFD's gone now at 312.8. Will hold onto the shares for 313.0 as don't have the daily interest cost and need to put aside two thirds of the income to cover this years capital gains charge.

[igoe104] 08/2/2018 16:18

Take a look at JLG, rock bottom price at the moment, plus paying a special divi soon.

[mazarin] 08/2/2018 15:44

Totally understandable, clearly there's more to be made elsewhere.

[igoe104] 08/2/2018 15:22

just sold out, a lot of cheap shares around at the moment couldn't resist.

[igoe104] 29/1/2018 14:58

ive got to wait to April anyway, because I want to switch the funds from my share account,(from this sale) into my ISSA. i.ve used my 20k up this year.

[mazarin] 29/1/2018 14:51

I'm also still here, but nothing much to comment on. Now looking where to make the next investment - there's the problem ?

[cc2014] 29/1/2018 14:46

I'm guessing another month to six weeks. The share price is inching closer and closer to 313 as they arbitrage the interest payment vs the time to receipt of money.

You and me must be the only ones left in this now Igoe

[igoe104] 29/1/2018 14:34

Cant belong with we receive the loot into our account?

[cc2014] 16/1/2018 12:40

High volume kicking in.

It could just be someone wanting out to use the capital for something else. It could be someone just wants in to flip for 2.2pts over however long it takes before the transaction goes through.


I cannot work this out at all as I don't think anyone else is now able to make a bid as the offer has been accepted by the shareholders

[mazarin] 13/12/2017 22:44

RNS notifying Shareholder Approval, for details see:

[cc2014] 11/12/2017 17:42

See RNS from Friday night.

Shareholders voted overwhelmingly to accept First Rand offer.

[mazarin] 11/12/2017 16:57

What's happening here, it been very quiet. The share price momentarily touched 312.5 on opening today and closed smidgen under 311?

[cc2014] 15/11/2017 09:01

hmm. Yesterday the volume at 9:00 was 290k. Today it is 2,960k and someone continues to bash away at the 2 sell icebergs at 310.0.

I wonder? Pattern has changed Something up? as an early morning raid usually means someone in a hurry for a reason.

[mazarin] 13/11/2017 10:22

Thanks igoe - Now it's clear why the offer was so readily accepted by BOD.
The CEO will be part of the new setup. “….FirstRand will create a new division for its UK operations, headed by Monks and include both Aldermore and FirstRand’s auto-finance business MotoNovo, the CEO said. We will now “need to sit down” with MotoNovo and “think about the opportunities that we can work out together,” Monks said…..”
It seems that First Rand does not anticipate a competing offer, nor has one been forthcoming. However, the current deal will require approval of 75% of Aldermore’s shareholders and Investec estimates completion (on the agreed terms) should take place within 4 months (as from 7th Nov 17)

[igoe104] 10/11/2017 15:37

Yes looks a done deal.

[mazarin] 10/11/2017 08:53

It was my understanding that First Rand Ltd were expected to have completed their 'Due Diligence' by today, so I'd expect some update on this, however, from comments above, it appears that many assume 'it's already a done deal'. Have First Rand actually made known their intention to proceed?

[cc2014] 08/11/2017 09:34

Monty - I have sent you a private message loosely connected to the Aldermore coco bonds as I don't want to fill this thread up with it.
I hope you can find time to respond.

Thanks in advance

[mazarin] 07/11/2017 17:29

CC I'm presently of the same opinion. Particularly with the absence of any screaming 'buy' elsewhere, that coupled with just the possibility of a 'counter offer' emerging from nowhere, then common sense tells me to sit back and realise current offered value of 313p without incurring costs.

[cc2014] 07/11/2017 15:29

I always look at it this way.

I have a certain 1% for holding on for around 2 months and I have no trading costs to sell or buy something else.
I also have a small chance of another bid
Sometimes a rumour comes along with no substance but this makes the price pop up to say 315.

If it goes to 315 I then start arguing with myself as I'm not sure whether to hold or sell.

If some fantastic trade comes along, like if the FTSE falls 500 points I'll sell.

[villarich] 07/11/2017 14:47

Given the share price is at pretty much the offer price, in now wondering if it's worth selling and reinvesting elsewhere where I'd hopefully make more than the 1% I'd make by holding on until the deal goes through. It doesn't feel like there will be any counter bid coming.

[montyhedge] 07/11/2017 10:12

Aldermore 11.785% bonds gone up to 115, yield still 9.68% look a lot safer now.

[steptoes yard] 07/11/2017 09:48

ARM was Sep 6 in relation to a Jul 18 recommendation (EGM) was obviously in between these dates. This was 2016 of course not 17 but a good example i.e. Non hostile.

[mazarin] 06/11/2017 20:53

So assuming its 'actually going to happen' does anyone one have any real idea as to what the 'time table' is likely to be? Ie. when can we holders expect to see the cash hit our accounts.

[steptoes yard] 06/11/2017 10:36

Fair enough. Move on.