Aldermore Share Discussion Threads

[kenone] 29/6/2012 16:44

Good to see 140 close. Hopefully back up next week if SBM recovers and gold stays firm.

[arja] 29/6/2012 16:10

there will have been petersinthemarket . seems obvious in hindsight although one wondered if that steady drift down was because bad news was known by insiders .
based on SBM closing price , ALD would be about 159p although a discount would apply because of the delay in getting SBM scrip etc.

[petersinthemarket] 29/6/2012 16:03

I guess its just the quick sellers who are bringing the share price down today.
But you could have got 130p for these on 3may without considering any buyout premium. Surely that makes the proposed buyout price look a bit on the cheap side.
I'm an old cynic but I wonder if there has been anything ''odd'' going on to depress the share price in the meantime to make todays offer look attractive.
OK, I'll wash my mouth out - We all know the mkt is transparently honest, dont we?
best of luck to all holders. PIM

[kenone] 29/6/2012 15:32

Agreed ( or is it 'greed') Anyway I've just had a few more. Looks a good short term bet sub 140p

[enami] 29/6/2012 15:30

Enami's takeover ready reckoner for ALD/SBMExample for 1000 shares.COPY AND PASTE THE BELOW AREA INTO A SPREADSHEET CELL A1   ALD SHARES 1000   ALD SP 140 PENCE ALD VALUE =B2*B3/100 GBP SBM SHARES DUE =B2*0.8   CURRENT SBM SP 1.77 A$ SBM SHARES VALUE =B5*B6 A$ XR 0.6532 GBP/A$ SBM UK VALUE =B7*B8 GBP CASH DUE =B2*1.025*B8 GBP DEAL VALUE =SUM(B9:B10) GBP   DIFFERENCE GAIN PER 1000 ALD SHARES ="@CURRENT SBM SP"=B11-B4GBP 

[bam bam rubble] 29/6/2012 15:19

Yes looks a safe bet to make 10% as the wheels start to turn. I've taken 4k

[arja] 29/6/2012 15:13

and risk/reward ratio seems quite good .

[arja] 29/6/2012 15:12

seems a good buy at 136 level as SBM may bounce in oz and gold price rocketing !

[kenone] 29/6/2012 15:02

Good move juju, I should have done that. Will hang on now and hope we get back to 160p level again soon.

[juju44] 29/6/2012 14:56

sold everything early on . surprised at the slip.GLA

[kenone] 29/6/2012 14:53

So who IS selling now ? Any PI's on here sold yet ? I'm tempted to buy some more at this price

[kenone] 29/6/2012 14:15

Coming off a bit despite big rise in gold. Lets hope hanging on for now is the best way to play it, ISHAH. Have been in this for a long time and need about 170p to break even.

[aishah] 29/6/2012 13:25

They have a good deal of undertakings/intent to accept from existing holders. So looks like a done deal. However, I'm not selling at this price. Will wait for SBM to recover nearer the Aussie $2 mark before letting them go. dyor

[kenone] 29/6/2012 12:42

Sell now at this share price or worth waiting 'till the dael goes through ? Any views ?

[juju44] 29/6/2012 09:15

lost some money here but glad to be out

[thehardestbutton] 29/6/2012 07:44

Especially for those who've bought at under a pound (was a no-brainer really given the irrational concerns of the market). I think this one was under most peoples radar

Not so good for those invested up at 250p levels but at least you can still have some skin in the game. Don't know anything about St Barbara and not sure how many UK holders will want Aussie stock.

[philo124] 29/6/2012 07:40

Get out of jail free card!

[thehardestbutton] 29/6/2012 05:34

Price on the ASX at the moment is AUD 2.35 or 152p - St Barbara is down on the news which is affecting the total value at the moment.



Be interesting to see where it opens in London.

[thehardestbutton] 29/6/2012 03:34

And in pounds, shillings and pence

Under the offer, St Barbara would acquire Allied Gold for 66p in cash and give Allied's shareholders 0.8 St Barbara shares for each share in Allied Gold. The offer values Allied at GBP 360 million, and its shares at GBP 1.75p – a 90% premium on its ASX closing price Thursday of 95p a share.

[thehardestbutton] 29/6/2012 03:28

Gold producers St Barbara and Allied Gold Mining said Friday their boards have agreed to merge the two companies to create a combined group with a market value of around 1 billion Australian dollars (US$1 billion).

Under the offer, St Barbara would acquire Allied Gold for A$1.025 in cash and give Allied's shareholders 0.8 St Barbara shares for each share in Allied Gold. The offer values Allied at A$556 million, and its shares at A$2.72–a 90% premium on its ASX closing price Thursday of A$1.435 a share.


News Limited Allied would become a wholly-owned subsidiary of St Barbara, with current St. Barbara shareholders owning 67%, and Allied Gold shareholders owning 33%, of the new group.

The combined company would have a forecast gold production of about 435,000 troy ounces in the financial year ending June 30, 2013, with three established mines, and a fourth operation in ramp-up, across Australia and the south west Pacific, the miners said.

"The strategic and financial logic of the combination is clear, driven by the complementary nature of the two companies and the strong organic growth profile of the combined business," Tim Lehany, managing director and chief executive of St Barbara, said in a statement.

RBC Capital Markets and Norton Rose are advising Allied Gold while Lazard and Ashurst are advising St Barbara. National Australia Bank and Barclays Bank are advising St Barbara on its term loan facility.

[rambutan2] 29/6/2012 02:31

Up 60% in Oz and going to be put out of our misery at long last...

Consolidation in the gold sector continues apace, with St Barbara seeking to join forces with ASX listed Allied Gold.

The $556 million deal would see St Barbara offer cash and scrip for Allied, which would be delisted from the Australian, Toronto and London Exchanges and become a subsidiary of St Barbara.

Under a scheme of arrangement, St Barbara will pay Allied shareholders $1.025 in cash and 0.8 of a St Barbara share for each Allied share.

[petersinthemarket] 20/6/2012 20:30

Many thanks for the background numbers Boadicea.
Your implied conclusion is backed up by some indicators.
Buy/sell position (OBV) drifting due to selling pressure.
Relative strength (Williams %R) still hovering near overbought.
50SMA plunging, 10SMA flattish, levelling off.
SP undecided.
If asked to guess, i would say we are close to the bottom now.
Lets hope that implies some upward progress soon.

[boadicea] 20/6/2012 08:40

We have a steady drip of ~20k sales at sub-quoted prices which I suspect is a single eager seller unloading. The larger sells (generally 'O' or 'NT' trades) are followed by a succession of AT "sells" (but at a higher price) which look like the mm's acquired shares being passed on. Anyway, it's hammering the share price with London leading it down and Oz following.
I fail to see any underlying change to justify a chart which makes it look like management are losing their grip. It probably requires a an rns assuring of progress on both output volume and the promised cost reduction to encourage buyers in to take up the slack.
I would find the current valuation enticing if I did not already have a prudent long-term holding. Possibly a bit early to anticipate a turn-round for a short term trading option.

[arja] 06/6/2012 11:48

yes, turned up and i wonder if OZ has become lead market as finished at 107.7p equivalent there after a few up days while UK on holiday ! Irritating not to be able to pick lead market .