Aldermore Share Discussion Threads

[cc2014] 23/3/2018 13:24

My money in my account at cop last night. Spent (invested) a third of it already

[cc2014] 22/3/2018 16:52

I am in a slightly different situation Mazarin. 75% of the proceeds of this sale are required to pay my CGT bill for this year so the decision was easier for me. Last year I got in a right mess investing my CGT liability and had to sell some BLND to pay it. As it turns out that went ok too as I got out of BLND at 685 and it's now about 640. I can't be worrying about it again this year though. I am frustrating about the money not being credited now though. Even that 25% I could probably chuck on just about anything with the FTSE down at 6950.

[mazarin] 22/3/2018 16:35

With the benefit of hindsight I now realise I should have sold ALD at whatever price was current at the time,a few pence below the final bid price and not waited for the deal to complete. There have been several occasions when other shares presented very good opportunities to buy since the new year and they have since (as I had expected) gone up. The small difference between the bid price and traded price, even including dealing costs has been far exceeded. Compounded by the slow and uncertain process of realising the funds via the broker. ii sent me a Corporate Action notice confirming money should be available yesterday. Needless to say when I went to do a trade yesterday (mid morning), the funds had not then been credited. When I called and queried why the funds hadn't arrived, I was dryly told it could take 10 days. As ALD is held in an ISA, I could not simply pay in more cash and wait for the proceeds to hit my account, so I was unable to execute the trade. When finally yesterday, the funds hit the account, the share I had intended to buy had gone up and opened higher today, effectively costing me another £1,200 to buy the same amount. Whereas had I have sold earlier the funds are immediately available to trade. Very frustrating. Best of luck CC with getting your cash.

[cc2014] 22/3/2018 11:31

HL must be doing mine today. They've kindly valued my ALD at zero but haven't credited the cash yet.

[mazarin] 21/3/2018 20:06

ii have received the funds and finally credited them to my account today. - The End -

[mazarin] 19/3/2018 23:43

ii have issued a notice to the effect that payment to shareholders will be made by them on 21st March 18.

[mazarin] 12/3/2018 22:27

I note that today's RNS confirms ALD shares will be suspended on 14/03/18 and share issue cancelled on 15/03/18. That now marks the final end of trading for ALD @ 3.13p

[cc2014] 12/3/2018 09:05

Can't remember exactly but this week. RNS was out in the last week if you want to trawl through them

[mazarin] 12/3/2018 08:55

Does anyone have any idea when this deal will complete?

[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: https://tinyurl.com/y8j29xmb

[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. http://tinyurl.com/y928r4lw