| Share Name |
Share Symbol |
Market |
Type |
Share ISIN |
Share Description |
| Aldermore |
LSE:ALD |
London |
Ordinary Share |
GB00BQQMCJ47 |
ORD GBP0.10 |
| |
Price Change |
% Change |
Share Price |
Shares Traded |
Last Trade |
| |
0.00 |
0.0% |
312.40 |
0.00 |
00:00:00 |
| Bid Price |
Offer Price |
High Price |
Low Price |
Open Price |
|
312.40
|
312.60
|
|
|
|
| Industry Sector |
Turnover (m) |
Profit (m) |
EPS - Basic |
PE Ratio |
Market Cap (m) |
|
Banks
|
239.40
|
128.70
|
25.20
|
12.4
|
1,078
|
| Last Trade Time |
Trade Type |
Trade Size |
Trade Price |
Currency |
| - |
O |
0 |
312.40 |
GBX |
Real-Time news about Aldermore (London Stock Exchange): 0 recent articles
| Trade Time |
Trade Price |
Trade Size |
Trade Value |
Trade Type |
No Trades
| Date | Subject |
|---|
22/3/2018
16:35 | mazarin: 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.
|
22/3/2018
11:31 | cc2014: HL must be doing mine today. They've kindly valued my ALD at zero but haven't credited the cash yet.
|
12/3/2018
22:27 | mazarin: 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
|
29/1/2018
14:46 | cc2014: 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
|
14/10/2017
00:08 | masurenguy: Aldermore on brink of £1bn buyout
Aldermore, a specialist lender and savings bank, has confirmed that it is in talks with FirstRand of South Africa about a possible £1.1bn takeover, becoming the latest of a new breed of small UK banks to consider selling up. Founded in 2009 by the Barclays veteran Phillip Monks with backing from the private equity firm AnaCap and floated in 2015, Aldermore said it had received an “indicative proposal” of 313p per share in cash. The board was “likely to recommend a firm offer at this level,” it said.
Complete article: https://www.thetimes.co.uk/edition/business/aldermore-on-brink-of-1bn-buyout-r9hvt8ww6
|
13/10/2017
11:53 | cc2014: The Board of Aldermore Group PLC ("Aldermore" or the "Company") notes the recent share price movements and confirms that it has recently received an indicative proposal from FirstRand Limited ("FirstRand") regarding a possible offer for the entire issued and to be issued ordinary share capital of Aldermore of 313 pence per ordinary share in cash (the "Possible Offer"). The Board of Aldermore has indicated to FirstRand that it is likely to recommend a firm offer at this level
|
10/8/2017
14:38 | igoe104: The Group says the results were helped by strong demand from small and medium-sized businesses, homeowners and landlords.
Relative newcomer Aldermore Group (LON: ALD) has this morning released their 2017 Half Year results, reporting a noteworthy 32% rise in profit before tax for the first half of the year. Operating income is up 17% to £150m, and EPS grew by a healthy 45% to 14.9p.
Aldermore, who operate with an aim to directly challenge Britain's "Big 5" lenders, said loan growth also grew more than 19% to £8.1bn in the same period.
Panmure Gordon published a report this morning following the announcement. In it the analyst commented:
"The group continues to guide to loan growth of 10-15% in FY2017, in line with our forecasts. The group anticipates delivering a CET1 ratio above 12% by FY2017, enabling possible dividend payment this year. The group has increased its usage of TFS by £197m in 2Q17 to £947m."
The future for Aldemore looks promising, having doubled its revenue in the three years to 2016 to £278bn and expected to reach £328bn by 2018. With a net profit margin of 33% in 2016 and this margin is expected to remain steady in the coming two years. Panmure also said:
"Aldermore is our Top Pick in the sector and remains in our Conviction list for 3Q17. The bank is a relatively low-risk business with a diverse mix of mortgages and SME lending which gives the bank multiple levers of growth and is supported by a scalable digital platform and distribution channels. We continue to believe Aldermore remains significantly undervalued despite current worries regarding the UK economic outlook."
Shares were up around 3% in early trading.
|
02/3/2017
21:44 | cc2014: The market is a fickle thing. For whatever reason the market perceives the value of ALD completely different than me.
In July 16 some assumed there was no future for this company and it was trading at a value equivalent to net cash. 9 months on and it turns in 25p per share earnings, representing 10% of the share price and still the share price won't move significantly higher.
I'm not selling mine. The growth rate of this bank is fantastic and I reckon it's worth at least 50% more than it is now on a basis of no future growth.
I suspect it's the lack of dividends holding this back and as soon as that comes along we'll see a surge in the share price
|
29/9/2016
11:02 | future financier: With the shenanigans at Wells Fargo as well it just goes to show that incompetency, greed and misfeasance are not the sole preserve at "our" banks! But whilst I am sure you are correct that there would be a significant effect on ALD share price - it should not really have too much effect on trading at ALD so the share price should recover.
Fully understand the reason for your exit though tini5.
|
05/6/2016
15:31 | igoe104: There's no doubt it's been a torrid few years for Barclays' (LSE: BARC) shareholders. The bank's share price is down almost 17% year-to-date and has halved in the last three years.
First-quarter results in March were disappointing, with a 25% drop in pre-tax profits on the back of huge PPI claims, fines in relation to forex rigging and underperformance from the investment banking division.
To make matters worse, Barclays announced that it would be slashing its dividend to just 3p per share for the next two years, in order to conserve capital and absorb losses from toxic assets. That takes the forecast yield to a low 1.64% for next year's dividend payout.
All in all, it's not a pretty picture at Barclays, and while there's a chance that the new CEO may be able to turn things around down the track, there certainly doesn't seem to be much short-term momentum at the bank.
Challenger banks
If you're looking for a bank that does have some positive momentum, it might be worth checking out challenger banks Aldermore (LSE: ALD) and OneSavings Bank (LSE: OSB).
Not that you'd know from their share prices, which have both also struggled in the last 12 months.
But to my mind, there's a clear disconnect between the performance of these banks and their share prices.
Because whereas Barclays is clearly struggling to increase its earnings, both of these challenger banks are enjoying strong earnings growth.
For example, Aldermore reported adjusted earnings per share of 24p for FY2015, up from 18p in FY2014, a rise of 33%. And with city analysts pencilling-in earnings of 26p and 30p for the next two years, this bank definitely appears to be heading in the right direction.
Similarly, OneSavings Bank reported FY2015 earnings of 35p per share, up from 25p in FY2014, a year-on-year increase of 40%. Analysts have earnings per share estimates of 40p and 43p for the next two years.
Yet despite this stellar growth, both of these challenger banks appear to be trading cheaply.
Aldermore trades on a current P/E ratio of 9.5, which drops to just 8.3 on next year's earnings. And OneSavings Bank's current P/E ratio is 9.7, dropping to 8.4 on next year's earnings.
Given that Barclays trades on a P/E ratio of 13.3 times next year's earnings, the challenger banks certainly appear to offer relative value.
Income investors will be interested to know that while Aldermore doesn't yet pay a dividend, OneSavings Bank paid out 9p per share in dividends last year, a yield of 2.7% at the current share price. Analysts have forecast dividends of 10p and 12p for the next two years, so there's potential for dividend growth here.
Of course, the challenger banks aren't without their own risks.
Both Aldermore and OneSavings Bank specialise in mortgage lending, and with the UK government cracking down on 'buy-to-let' mortgages, there's an element of uncertainty here. Brexit fears are also almost certainly contributing to the recent share price weakness of the challengers.
And given that they're smaller companies, it's likely that their shares will be more volatile.
But in my opinion, the challenger banks offer a great risk-to-reward ratio right now. My advice would be to diversify between a handful of challenger banks, in order to reduce company-specific risk.
On the topic of diversification - if you're looking to build a rock solid long-term portfolio, diversification is critical.
|
Aldermore share price data is direct from the London Stock Exchange
PLUS1
