| 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 |
01:00:00 |
| Bid Price |
Offer Price |
High Price |
Low Price |
Open Price |
|
312.40
|
312.60
|
0.00 |
0.00 |
0.00 |
| 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 |
|---|
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
|
07/11/2017
14:47 | villarich: Given the share price is at pretty much the offer price, in now wondering if it's worth selling and reinvesting elsewhere where I'd hopefully make more than the 1% I'd make by holding on until the deal goes through. It doesn't feel like there will be any counter bid coming.
|
13/10/2017
12:53 | 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
19:42 | che7win: Go figure, the share price hasn't moved all year, 45% profits increase and we get 1.4% increase in the share price.
|
10/8/2017
16:47 | cc2014: Share price = 224p
Tangible book value 167p
EPS = 14.9p for half year. Let's call it 32p for the full year.
So, 224-167 = 57/32 = 1 year and 9 months worth of trading = share price.
Crazy.
|
14/6/2017
11:00 | igoe104: Aldermore Group PLC (ALD) Price Target Raised to GBX 295.
Aldermore Group PLC (LON:ALD) had its target price boosted by analysts at Investec from GBX 290 ($3.67) to GBX 295 ($3.73) in a note issued to investors on Wednesday, May 17th. The firm presently has a “buy” rating on the stock. Investec’s price objective would indicate a potential upside of 32.41% from the company’s previous close.
|
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
|
05/6/2016
16:31 | 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.
|
04/1/2016
16:20 | rubberbullets: Top pick of the UK banking sector for 2016, Aldermore
[...]
By Lee Wild | Mon, 4th January 2016 - 13:03
Share this
Top pick in the UK bank sector for 2016 It's been a miserable start to 2016 for global stockmarkets, with fresh concerns about Chinese demand wiping billions of pounds off share prices. Investors were certainly hoping for better after a tough 2015, among them shareholders in challenger bank Aldermore (ALD).
Things went well for the first four months following its IPO in March, the share price peaking in July at 318p, up two-thirds on the 192p float price. But then the chancellor announced in his Summer Budget a new 8% surcharge on UK-based banking profits. UK-focused Aldermore lost over a fifth of its value in the days after.
The remainder of last year was tricky, too, and Aldermore shares bottomed three weeks ago at 195p, a new low and within a whisker of the IPO price.
However, Investec's banks analyst Ian Gordon is bullish. "Aldermore is our top pick in the UK bank sector for 2016," says Gordon, repeating 'buy' advice and 325p price target.
graph 1
(Click to enlarge)
"Although we acknowledge that Aldermore has already rallied by 15% from its 14 December lows, we still expect it to achieve material outperformance against every other UK bank in our coverage during 2016," writes Gordon. "It trades on a 2017e price/earnings multiple of just 6.6x - the cheapest UK bank - reflecting an array of political, regulatory and even credit concerns that we see as largely baseless.
"We struggle to single out a clear catalyst for an (upward) share price correction, but we do expect continued delivery of rapid loan growth to drive performance."
In fact, Aldermore now trades on just 1.2 times estimates for 2017 tangible net asset value (tNAV) per share of 187p. Peers OneSavings (OSB) and Shawbrook (SHAW) both trade on 1.9 times.
Gordon likes Aldermore's strong mortgage-led loan growth - the company said at November's third-quarter results it was on track to deliver targeted £1.4 billion per annum net loan growth in 2015. Gordon thinks it will be more like £1.44 billion, up 30% in 2015 to £6.24 billion.
And, despite all the noise around buy-to-let, Gordon pencils in record volumes in the first quarter of 2016 "as landlords act to get ahead of the chancellor's new 3% stamp duty surcharge".
"Aldermore appears to be a clear beneficiary of the latest (30 November) extension to the Funding for Lending Scheme (FLS)," adds Gordon. "Although it is (and will continue to be) primarily retail/SME funded (loans-to-deposits ratio of 107% at Q3 2015), it has a £6.8 billion current total borrowing allowance under FLS, against utilisation of just £750 million!"
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07/7/2015
08:37 | altom: After the Greek referendum fiasco, ALD share price is being hammered along with all banks but IMHO this has nothing to do with us as we are a very different animal. Are we due an update soon ?
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Aldermore share price data is direct from the London Stock Exchange
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