Aldermore Share Discussion Threads

[grupo] 14/5/2023 15:20

Societe Generale Sees 1Q Revenue Fall, Profit Rise

Societe Generale's 1Q Profit Exceeds Views, But French Revenue Weighs

0752 GMT - Societe Generale's first-quarter exceeded expectations on quarterly net profit, helped by strong ALD Automotive and Fixed Income, Commodities and Currencies revenue, low costs and provisions, Jefferies analysts Flora Bocahut and Theo Massing say in a research note.

The French bank reported 1Q net profit of EUR868 million compared with consensus expectations of EUR300 million, but the bank's French retail business posted a gloomy result, the analysts say.

French retail revenue missed expectations by 9% in the quarter, and is down 9.5% compared with the prior year with an 18% on-year decline to net interest income.


"We think [2023] forecasts are likely to decline on the back of the revised French retail revenue expectations," the analysts say. ([e-mail])

[adrian j boris] 12/5/2023 09:05

Next Resistance 13.04 euros

can it gap up


[France] ALD (ALD)

Euronext Paris - 08:59:53 12/05/2023 BST


11.18 EUR +0.09%

[grupo] 12/5/2023 08:28

ALD specializes in long-term leasing and fleet management. ALD's activity is organized around 4 areas:

- long-term car leasing: rental of passenger cars, commercial vehicles, electric cars and 2-wheel vehicles to individuals and businesses;

- fleet management: assistance, maintenance, tire management, replacement, insurance, etc. ;

- medium-term car leasing: rental of vehicles for 1 to 12 months;

- sale of used vehicles.

At the end of 2022, the group had a fleet of 1,806,500 vehicles.

Number of employees : 7 529 people.

[grupo] 12/5/2023 08:14

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

SocGen's listed car leasing company ALD also bolstered the results. The bank is set to close its 4.9 billion euro acquisition of European rival LeasePlan this month.


$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

[grupo] 12/5/2023 08:09

Latest Dividends


Summary Previous dividend Next dividend

Status Paid Declared

Type Final Final

Per share 108¢ 106¢

Declaration date 11 Apr 2022 (Mon) 19 Apr 2023 (Wed)

Ex-div date 31 May 2022 (Tue) 31 May 2023 (Wed)

Pay date 02 Jun 2022 (Thu) 02 Jun 2023 (Fri)

[grupo] 12/5/2023 08:01

Outlook for 2023



In an economic environment marked by the continued rise in interest rates to combat inflation, the reopening of China and concerns over a few banking institutions mainly in the US, deliveries of new cars in Europe picked up in Q1 2023. ALD still expects that the new car market will normalize gradually and that the favourable supply/demand situation in the used car market will remain in place in 2023.

Subject to receipt of the remaining regulatory approvals and the satisfaction of standard conditions precedents, ALD plans to complete the acquisition of LeasePlan on 22 May 2023. At closing, ALD will become a regulated entity with the status of Financial Holding Company, subject to new regulatory requirements. ALD will issue EUR 750 million Additional Tier 1 and EUR 1,500 million Tier 2 capital in order to reinforce its capital structure in an optimal manner.

Immediately after closing, ALD will launch the execution of its integration plan. Costs to achieve are expected to be in the range of EUR 150 million to EUR 180 million in 2023.

ALD plans to provide operational guidance for the combined entity for 2023 after the closing of the acquisition.

[grupo] 12/5/2023 08:00

2023 Agenda



22 May 2023: EGM and expected closing of LeasePlan acquisition
24 May 2023: General assembly of shareholders
31 May 2023: Detachment of dividend for financial year 2022
2 June 2023: Payment of dividend
3 August 2023: Q2 and Half-year 2023 results
3 November 2023: Q3 and 9M 2023 results

[grupo] 12/5/2023 07:53

ALD specializes in long-term leasing and fleet management. ALD's activity is organized around 4 areas:

- long-term car leasing: rental of passenger cars, commercial vehicles, electric cars and 2-wheel vehicles to individuals and businesses;

- fleet management: assistance, maintenance, tire management, replacement, insurance, etc. ;

- medium-term car leasing: rental of vehicles for 1 to 12 months;

- sale of used vehicles.

At the end of 2022, the group had a fleet of 1,806,500 vehicles.

Number of employees : 7 529 people.













Agenda.


general assemblies 03
3 May 2024
Q1 2024 results

general assemblies 04
14 May 2024
General shareholders meeting

general assemblies 02
1 August 2024
Q2 and H1 2024 results

[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.