Alliance & Leicester Share Discussion Threads

[gurv] 13/5/2008 11:02

If 450 goes next level is 430

[jennyj] 13/5/2008 10:59

"A&L added that its profit excluding the writedowns and charges was 'similar' to the same period last year. "

Profits remain at 600 million.

No change in profits at teh banks only illusion.

[gurv] 13/5/2008 10:50

resistance at 450 level, buying opp at this price for both short and long term portfolios.

[mirshahik] 13/5/2008 10:48

Alliance & Leicester on Tuesday revealed a sharp fall in unsecured personal lending and a slowdown in its mortgage business in the first four months of the year, as the UK bank revealed the costs related to the credit market downturn had soared.

A&L said writedowns on Treasury assets and credit assets totalled £192m in the first four months of the year compared to £185m for the whole of last year.

The bank also said funding costs had risen in the period to £49m as the costs of borrowing in the wholesale markets remained high. Analysts said they now expected funding costs to rise to £150m for the year, above earlier expectations.

[jennyj] 13/5/2008 09:41

"A&L added that its profit excluding the writedowns and charges was 'similar' to the same period last year. "

Profits remain at 600 million.

See the wood from the trees, buy buy buy

No change in profits at teh banks only illusion.

[lonrho] 13/5/2008 08:21

i guess its the extra treasury write offs which in total are probably a higher percentage of reserves than other banks,but this is because they held a higher percentage in treasury assets.However mortgage book is exemplary and this should be it for write downs and with core profits holding up the business must be an attractive takeover proposition and with armageddon unlikely the shorts ought to start covering at this level.

[crazi] 13/5/2008 08:17

just bought another batch as this is extremely cheap (in the profit already)... just hold now and wait...some shorter probably trying to cause some panic with an opening short position. On low volumes it can make the price shift quickly. Will recover soon enough as the figures are decent... IMHO

Off to work

Crazi...

[the itch] 13/5/2008 08:15

Market manipulation seems to be everywhere. With , what is it 20%??? of the stock already out on loan (shorted one must assume) there can't be much more available to short though. Maybe it is just a seller.

Oh for a return to boring old fundamentals. Well, I hope this doesn't fall too far, it's looking like dragging my B&B down back into 160 territory.

[grahamite2] 13/5/2008 08:15

They looked fair enough to me too and I don't understand it either.

[crazi] 13/5/2008 08:12

just read the statement. I don't understamd why the price is 33p down? The results are pretty decent and considering the share price is 60% off highs you would have expected only a disaster would keep the price down and anything reasonable would see it climb. I expect market manipulation is going on "as usual" and the price will start to climb over the coming weeks...additional writeoffs are small. HBOS just wrote off an extra £2.5b and they climbed in price...lol

[jonak] 10/5/2008 01:33

... and now it's a bottom

[zimzoot] 09/5/2008 15:00

Boe thinks it will take three years...as for income...there is none :)


Banks are rock bottom?...nrk was also a rock :)

[mirex] 09/5/2008 12:43

We surely aren't far away from the day when all of these debt-write-offs start becoming write-backs as they have been overdone. This is effectively then free income whihc can only help. Banks are rock bottom right now surely. Can;t disagree with any 'fill-ya-boots' statements then!

[crazi] 09/5/2008 08:41

I'm back in sub 510p...always a winner with a little patience :-)

Off to work - have fun.

Crazi...

[andrewlewis] 06/5/2008 15:36

Jenny

If you want the real update on AL. go to your local Starbucks and look for a Polish lad with long hair as against all the other Polish lads with short hair working there and he will tell you exactly what is happening. Or just read what everyone has to say on this thread.

[turbotrader2] 03/5/2008 23:13

and it will come

[zimzoot] 03/5/2008 13:33

Indeed....that was the first profit warning...we looking for the second one now...

[csmwssk1] 02/5/2008 23:09

zim, they did it before there last results or did you not notice the share price drop from 690 to 450?

[jennyj] 01/5/2008 12:11

The truth is starting to come out, I have been very open with everyone on here about the truth talking about the bond markets irrationality 4 months ago and the dubious recent changes in accounting rules. Start to see it.

Be enlightened.

"BoE sceptical over scale of sub-prime losses"

Manufactured crisis?

[zimzoot] 01/5/2008 11:39

AL. last in the Q to issue profit warning...

[linhur] 30/4/2008 18:02

I am afraid that this thread may spring to life due to the sad and sudden death of the chairman. With all his vast experience, I feel that Derrick Higgs has kept the A&L boat afloat over the last couple of years. Unless the board are quick enough to parachute an equally experienced banker into the chairman's role, the regulators will prevail and press for consolidation.

At least the CEO will be back to reinforce the management.

regards
Linhur

[andrewlewis] 28/4/2008 15:06

Great news from the Oracle at Starbucks. He has moved his pitch to another coffee outlet but still believes Al. is due for takeover within the next 3 months. Unfortunately, I think he may have overdone the latte.