Aldermore Share Discussion Threads

[boadicea] 17/11/2011 08:40

First question: Who was (or were) the buyer(s)?
Next: Is it the fore-runner of a bigger deal?

If the latter, one assumes the sellers will be looked after in due course.

Would that be legal?

[boadicea] 17/11/2011 08:33

The recent strange behaviour of the share price must, one feels, be connected with the large off-market disposal of board interests, generally between 2/3 and 3/4 of their holdings, announced this morning.


Very strange and coordinated. What conclusions can be drawn?

[...and why did Lowrie and House get a lower price than the others?]

[divinausa1] 17/11/2011 08:21

'The bottom line is at these prices the gold producers are minting money,'' he says.

The disconnect between gold and mining shares, which are being valued on a price of about $US1250 an ounce, also happened between 1979 and 1984.

When the re-rating came it was heart-stopping. Goode predicts the half-yearly results in February will be a catalyst for the market

re-rating gold stocks this time.

''Some gold producers' share prices could easily increase by 50 per cent,'' he says.

Read more:

[divinausa1] 17/11/2011 03:11

perhaps the rerating of these gold stocks has begun
lets face it this stock would still be very cheap at £2.50
the market cannot ignore the shed loads of money these
goldies are making forever...

[boadicea] 16/11/2011 23:45

Which one will it be tomorrow? SHG?... MIRL?... or the cream of them all, MML?

[divinausa1] 16/11/2011 20:03

same happened on omi yesterday

[juju44] 16/11/2011 19:19

agree moves seem to defy logic

[davidblack] 16/11/2011 18:42

Why Allied today? Its up 9%?

[boadicea] 16/11/2011 17:17

The price action of this share seems to have no particular logic.
Presumably the mm's are not prepared to hold enough to stabilise it and there is insufficient liquidity in the order book.
Is there also an issue over net sales in Oz (where it's now only a cdi) being met by hard-ball tactics by UK institutions trying to squeeze a better deal?... in which case it could advance well when they've had their fill.

[juju44] 16/11/2011 16:15

good bounce today at last . lets have a few more days like this

[arja] 16/11/2011 15:05

I thought so too divinausa1 and closed out my OZ trade at 229 taking a modest loss . Then it recovers here as gold price falls and UK is lead market I think ! such is life !

[dvsfm] 16/11/2011 15:05

some positive movement at last, fingers crossed it continues

[divinausa1] 16/11/2011 06:01

Goldman Sachs roll their Dec 2011 Gold long to Dec 2012.

Their key drivers being low real interest rates, slowing US growth, rising debt and, a belief that additional Fed easing is likely.

[divinausa1] 15/11/2011 20:02

must be something up here POG $1780 and we continue to tank...

The Labor Department also reported U.S. wholesale prices in October dropped at the fastest monthly pace since February 2010. The decline points to tame inflation and potentially gives the Federal Reserve more leeway to boost the economy and jobs with additional monetary stimulus.

[divinausa1] 14/11/2011 21:04

Gold traders most bullish since 2004 on debt crisis
Bloomberg Nov 12, 2011, 10.12am IST

LONDON: Gold traders and analysts are the most bullish in at least seven years as investors accumulate metal at the fastest pace since August to protect their wealth from a widening European debt crisis. Twenty-one of 22 surveyed by Bloomberg expect bullion to rise on the Comex in New York next week, the third consecutive increase and the highest proportion in data going back to April 2004.

Holdings in exchange-traded products backed by gold rose 27.5 tonne this week, within 1% of the record set almost three months ago, data compiled by Bloomberg show. Gold exceeded $1,800 an ounce for the first time in seven weeks on November 8 and hedge funds are holding their biggest bet on higher prices since mid-September , Commodity Futures Trading Commission data show. The metal is rebounding after tumbling as much as 20% in three weeks in September. Almost $9 trillion was wiped off the value of global equities since May and yields on Italian and Greek bonds rose to euro-era records this week. "Throughout history gold has protected people from the sort of turmoil that we're seeing," said Mark O'Byrne , the Dublin-based executive director of GoldCore, a brokerage that sells everything from quarter-ounce British Sovereigns to 400-ounce bars.

[sg31] 11/11/2011 11:59

Looks like gameover for shareholders. Diluted out of existance.

[ukgeorge] 08/11/2011 18:47

time to be buying down here imo, but then some of the other gold plays are offering good buying opportunities.

[boadicea] 08/11/2011 17:58

arja- As a trader, what do you make of tonight's uncrossing trade?

[arja] 08/11/2011 11:11

I hold some in OZ at present and it trades there at a discount to UK price which is irritating - 152p equivalent there !But ALD has gone to sleep lately and simply ignores the stronger gold price as many gold stocks do - best to play the metal itself I suppose !

[divinausa1] 08/11/2011 08:47

Tim Dudley, an analyst at Collins Stewart, said: "We remain very positive on the gold sector, expecting record production and earnings in the third quarter to drive a sector wide re-rating, reversing gold equities' recent underperformance versus gold." He added: "We have also increased our gold price assumptions and predict the gold price to test $2,000 an ounce by early 2012."

[boadicea] 08/11/2011 00:07

Most junior/mid-range gold shares are at a discount of ~35% to brokers' targets.
At 155p, ALD discount is ~55% from the 344p target. This would appear to give an upside of 44% from here to ~223p even without a general market re-rating.
I assume the main impediment to be the perception of geo-political risk in P-N-G with some recent evidence to support it.

Is the company paying sufficient attention to the need to keep the locals on-side?

[kenone] 03/11/2011 07:01

Thanks for posting that link, AISHAH. That should give the share price a boost.

[aishah] 02/11/2011 19:07

Allied Gold Mining - Initiating coverage with a recommendation of Strong Buy at 156p and a 344p target price