Aldermore Share Discussion Threads

[cockneyrebel] 20/6/2015 19:20

There's one massive difference between Aldermore and Tungsten Masurenguy and the reason why I'm holding Aldermore and wouldn't buy Tungsten.

ALD is fully listed, TUNG is AIM. 90% of the stocks on AIM are ramped up, dishonest, cesspit filth. Trying to find the genuine ones is like playing hopscotch in a mine field.

If a co lists as a fully listed co you can be far more satisfied that they have gone through a much more stringent checking procedure and are prepared for far more scrutiny and a heavier hand regarding compliance imo.

I've bought one recently listed AIM stock in the past 5 years - SCS a few months ago. Nuff said.

All imo

CR

[igoe104] 20/6/2015 17:50

Since listing on the stock market in March of this year, shares in challenger bank, Aldermore (LSE: ALD), have performed exceptionally well. In fact, they have risen by 30% and this performance is above and beyond the majority of finance stocks, as well as the wider index.

Looking ahead, further strong performance could be on the cards. That’s at least partly because Aldermore is operating amidst excellent trading conditions that are allowing it to increase the size of its loan book and grow its customer numbers and profitability. And, with the UK economy moving from strength to strength and being one of the fastest growing economies in the developed world, the outlook for Aldermore looks to be very bright.

For example, Aldermore is expected to increase its bottom line by 49% in the current year, followed by growth of 31% next year. That’s an astounding rate of growth and means that the bank’s net profit could be as much as 95% higher next year than it was last year. Furthermore, Aldermore still offers a very wide margin of safety, with the stock trading on a price to earnings growth (PEG) ratio of just 0.3, which indicates that even if its guidance is downgraded, its shares should still perform well moving forward.

[masurenguy] 20/6/2015 11:54

You can't begin to compare Aldermore with Tungsten. The former is a well established profitable bank while the latter is a highly speculative financial services business that will post a loss of circa £30m on sales of around £22m this year.

[johnv] 20/6/2015 11:21

Same here a nice long term hold but.....then again I said the same about TUNG! You just cant tell which will be the winners.

[igoe104] 20/6/2015 10:15

This is a good long-term hold for me, I`m sure 5 year`s down the road the share price will be a hell of a lot higher than it is now.

[togglebrush] 20/6/2015 04:21

Record Daily Trading Volume yesterday (Data source ADVFN)
This excludes the volume on IPO day (22.4 million)
‘
Stats using Volumes based on ADVFN data following IPO 10th March
'
Max_________10,270,558 ___ Friday 19th June
One in 100___5,582,905
Q3___________1,166,800
Median_________728,144 ___ Middle of sorted sample

[elgordo] 19/6/2015 18:58

Re dividends, and to repeat from post 30, the "Intention to Float" document from February stated:

"Aldermore will consider subject to, inter alia, available distributable reserves, paying an initial dividend from 2017, taking into account the growth opportunities available to Aldermore at the time."

[mazarin] 19/6/2015 17:09

I'm looking to see ALD confirmed as a FTSE constituent on Monday and note that today's MCAP currently stands £960m. Once confirmed, ALD is likely to appear on the radar of Institutional buyers. The next issue is when a dividend is likely, I believe that's been ruled out for the first year, so may be prospect following March 2016.

[gucci] 19/6/2015 14:56

Heading for a breakout

[mazarin] 16/6/2015 14:57

Aldermore has been added to TFC Homeloans’ panel, see :

[melf] 16/6/2015 12:32

THE chief executive of Aldermore believes the bank still has substantial room to grow in Scotland even as its loan book here grows to £300 million.

Phillip Monks said he is pleased with the Scottish operation, where the bank employs 16 people in Glasgow, but is confident it can continue to win market share in its chosen financing categories.

Mr Monks said the bulk of the lending in Scotland is in invoice finance and mortgages but there is a growing uptake in asset finance as well. He said: "We lend around about £300m to Scotland which is about six per cent of our business.

"It ought to be a little bit more but parts of our business are quite new up here. As a new bank I think that's good but I would [like] this office to do more. The Scottish contribution to the UK economy is about 7.8 per cent so if we started from there then I would turn round and say I am a little more comfortable with it."

According to Mr Monks Aldermore, which was founded only in 2009, has close to £300m in customer deposits through its savings accounts in Scotland.

The bank's Scottish operation will lend to its SME customers in a range from £20,000 up to millions of pounds.

It has also started to see much greater interest in its residential mortgages with former Skipton Building Society executive Craig Beattie hired as a relationship manager in Scotland.

Mr Monks said: "As (residential mortgages) is such a big market that is where you will see the numbers increase.

"Invoice finance is one of those businesses which is difficult to grow as you are financing invoices with a life of 30 to 60 days whereas residential mortgages you are giving people money for a lot longer."

Mr Monks said he is mulling further hires in Scotland to provide central points of contact for other business areas.

He said: "Is it worth us having somebody for asset finance or commercial mortgages based here permanently?

"We have made the decision it is worth us having somebody here for residential mortgages because the volumes of residential brokers that deal with us makes it economically viable to do that.

"I rather suspect it is getting close to being economically viable to us having others as well. I can see more we can do with the other business lines as well."

A spokesman for the bank's Scottish operation indicated it is "cautiously optimistic" over the economy and said: "Generally speaking we are seeing our client base grow. We are not seeing a high level of business failures, which is good, and there does seem to be a general air of optimism."

The bank, which floated on the London Stock Exchange in March this year, has guided that it wants to grow its net loans by around £1.4 billion annually.

In the first quarter of this year net lending rose to £5.1bn, from £4.8bn while deposits grew to £4.7bn.

Mr Monks is confident the bank is on track to meet its annual target and said: "We are in massive markets and have tiny market shares so we don't need to compete on skinny margins or adverse credit. There is lots more for us to go."

While there are no immediate plans to expand into other product lines Mr Monks admits it is likely additional services will be developed in the future.

He said: "For us the strategic vision is for us to service SMEs from cradle to grave in their business and personal lives. That doesn't mean we will manufacture everything but it does mean in due course we will have the opportunity to broaden out that (product) proposition."

[dlku] 15/6/2015 14:08

cant keep a good one down
wants to kiss 300

[dlku] 15/6/2015 13:54

moving up again

[albanyvillas] 15/6/2015 10:22

300p in sight

[gucci] 12/6/2015 08:31

breaking out

[dlku] 11/6/2015 15:27

Satisfying

[gucci] 10/6/2015 15:48

added this morning too

[dlku] 10/6/2015 14:18

going for 300p now

[dlku] 10/6/2015 13:32

should be 300p already

[future financier] 10/6/2015 12:57

igoe - Not entirely "fresh air" - see my posts 59 & 63 - their directors have already picked up some of the nasty self serving habits of the big boys in the banking sector!

Anyway to "start the ball rolling" in response to plentymorefish post 129 - 340p.

[dlku] 10/6/2015 12:14

Good point igoe

[igoe104] 10/6/2015 11:28

With HSBC pulling out, that's less competition for Ald, plus I expect the government will take a less of a hard stance regarding regulations against banks etc. (they don`t want to upset any more banks)

Plus folks are fed up with the same old boring banks, Ald are fresh air in the banking sector.

[mazarin] 10/6/2015 10:32

Today its the turn of OSB 'to take a hit' on the back of announcing an accelerated 'book built' sell offering to Institutions, now currently down 3.75%.