Aldermore Share Discussion Threads

[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.

[cc2014] 06/11/2017 10:21

I'm happy enough with 313. Not ecstatic, but happy enough. I think the offer is a bit low. Maybe the good trading update today will entice someone else to make a bid. I'll keep mine and see what happens. There's nothing out there which I'm burning to put any money into that I don't already have lots of.

[che7win] 06/11/2017 09:28

Yes, looks a done deal.The update comments point to very bullish BTL trading, I am hoping this reads across to OSB trading update on Wednesday.

[mazarin] 06/11/2017 09:23

I thought the result of 'Due diligence' report was to be completed by 10th Nov, so this looks a bit early. I have to say am rather disappointed that the BoD accepted the first offer made to them and I was rather hoping for a Counter offer, ALD is surely worth more. Question is where to reinvest the proceeds?

[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

https://www.ft.com/content/82e2c12c-b027-11e7-aab9-abaa44b1e130 '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.'