Aldermore Group - Live Discussion

oggs 12 Nov 2015

Re: Good sustained results.... Imagine that the price of Shawbrook is dragging the sector down but that is due to a specific factor and presents a buying opportunity for both in my book

claude reins 12 Nov 2015

Good sustained results.... ......or am I missing something? I am a holder and regard these as a strong hold if not a buy. Thoughts anyone?

II Editor 16 Oct 2015

NEW ARTICLE: Top analyst's 10 small company shares to buy "Like all investors, the big investment banks have their favourites. It's no different at JP Morgan where the team of analysts has sifted through their research notes and come up with a top 10 of UK small and mid-cap stocks.So far this year the ..."[link]

oldjoe1 13 Sep 2015

ALD, TAX U TURN............. Chancellor will drop 'challenger' bank levy, says HermonNeil Hermon, manager of top performing Henderson Smaller Companies trust, believes George Osborne will reverse decision to make all banks pay a levy.by Gavin Lumsden on Sep 11, 2015 at 166 CityWire.Speaking ahead of a meeting today between George Osborne (pictured) and new, small banks such as Aldermore (ALD +), OneSavings (OSBO +), Shawbrook (SHAW +) and Virgin Money (VM +), Hermon, a top-performing smaller companies fund manager, said a u-turn was likely.The chancellor's decision to replace a previous levy on the Big Four banks with an 8% additional tax on all banks with profits above £25 million angered the so-called 'challengers'. They complained it would restrict their ability to lend and compete with the high street financial giants, a point that has been picked up by MPs on the influential Treasury Select Committee.Osborne's move followed pressure from HSBC (HSBA +) which had threatened to move its HQ to Hong Kong if its levy was not reduced.Hermon (pictured above), manager of the Henderson Smaller Companies (HSL +) investment trust, said: 'I suspect we could see a volte face. Clearly it's not what they intended to do.'The manager pointed out extending the levy was at odds at the government's efforts to encourage new banking entrants and increase consumer choice. He added that the small banks had got caught in the 'crossfire' over the previous levy, imposed in response to the financial crisis and the taxpayer-funded bailouts of Lloyds and Royal Bank of Scotland.Despite this mishap, Hermon believed prospects for the challenger banks was good, which is why he had bought into Aldermore and Virgin Money at their flotations.

oldjoe1 28 Aug 2015

ALD Broker Collective SP Targets. Aldermore Group PLC (ALD) – Research Analysts’ Recent Ratings ChangesAugust 27th, 2015Several brokerages have updated their recommendations and price targets on shares of Aldermore Group PLC (LON: ALD) in the last few weeks:8/27/2015 – Aldermore Group PLC had its “hold” rating reaffirmed by analysts at Numis Securities Ltd. They now have a GBX 268 ($4.20) price target on the stock.8/25/2015 – Aldermore Group PLC had its “buy” rating reaffirmed by analysts at Deutsche Bank. They now have a GBX 290 ($4.54) price target on the stock.8/24/2015 – Aldermore Group PLC had its “buy” rating reaffirmed by analysts at Nomura.8/21/2015 – Aldermore Group PLC is now covered by analysts at JPMorgan Chase & Co.. They set an “overweight” rating and a GBX 325 ($5.09) price target on the stock.8/20/2015 – Aldermore Group PLC had its price target raised by analysts at Credit Suisse from GBX 235 ($3.68) to GBX 265 ($4.15). They now have a “neutral” rating on the stock.8/18/2015 – Aldermore Group PLC had its price target raised by analysts at Nomura from GBX 280 ($4.39) to GBX 320 ($5.01). They now have a “buy” rating on the stock.7/15/2015 – Aldermore Group PLC had its “neutral” rating reaffirmed by analysts at BNP Paribas. They now have a GBX 280 ($4.39) price target on the stock.7/8/2015 – Aldermore Group PLC had its “buy” rating reaffirmed by analysts at Deutsche Bank.7/2/2015 – Aldermore Group PLC had its “neutral” rating reaffirmed by analysts at Credit Suisse. They now have a GBX 235 ($3.68) price target on the stock.Shares of Aldermore Group PLC (LON:ALD) opened at 304.8000 on Thursday. Aldermore Group PLC has a 12-month low of GBX 205.00 and a 12-month high of GBX 318.10. The stock’s market capitalization is GBX 1.03 billion. The company has a 50-day moving average of GBX 268.59 and a 200-day moving average of GBX 259.98.Aldermore Group plc (LON:ALD) focuses on specialist lending to small and medium-sized enterprises (SMEs) and homeowners. The Company’s lending segments include asset finance, invoice finance, SME commercial mortgages and residential mortgages. It is funded through online retail and SME deposits.

oldjoe1 28 Aug 2015

ALD.......... BROKER SP UPDATE........ 28 Aug 2015 Aldermore Group ALD JP Morgan Cazenove Overweight 253.50 278.00 325.00 340.00 ReiteratesSP TARGET 340p

oldjoe1 27 Aug 2015

ALD UPDATE 2............... UPDATE 2-British bank Aldermore doubles profit as lending grows27-08-2015 14:39First-half profit rises to 44 mln stg vs 21 mln stgCEO sees "minimal" impact from reduced buy-to-let tax breaksShares rise as much as 11 pct(Adds details, CEO comment, updates share movement)Aashika JainAug 27 (Reuters) – Aldermore Group Plc's <ALD.L> profit more than doubled in the first half of the year, beating expectations, as the up-and-coming British bank issued more mortgages and loans to small and medium-sized businesses.The bank's shares rose as much as 11 percent on Thursday to rank among the top gainers on the FTSE-250 midcap index <.FTMC>.Aldermore, among a handful of London-listed banks set up to challenge the dominance of Britain's big five lenders, reported underlying pretax profit of 44 million pounds ($68 million) for the six months ended June. [ID:nRSa2286Xa] It joined rivals Virgin Money <VM.L>, OneSavings Bank Plc <OSBO.L> and Shawbrook Group Plc <SHAW.L> in reporting a bigger first-half profit fuelled by a housing recovery and more lending to small and medium-sized enterprises.An 8 percent surcharge on profits above 25 million pounds could slow the momentum of these banks when it comes into effect from Jan. 1. The British Banking Association has said the levy could reduce annual lending by up to 10 billion pounds.Aldermore Chief Executive Phillip Monks said he aimed to mitigate the impact of this surcharge. He did not give details about how the bank planned to do this.Aldermore, founded in 2009 and publicly listed since March, said it was on track for net loan growth of about 1.4 billion pounds, or 30 percent, for full-year 2015.With residential mortgages accounting for a large proportion of the bank's loan book, a rise in UK mortgage lending to a seven-year high in July has helped to underpin Aldermore's growth.Challenges lie ahead: a recent survey from mortgage lender Nationwide showed that British house prices rose this month at the slowest annual pace in more than two years. [ID:nEONF8R0RV]Britain is also preparing to cut tax relief on mortgages for wealthy buy-to-let landlords, a move designed to remove some of the advantages they have over people who buy their own homes. [ID:nL8N0ZO34Z] Monks said the impact of these cuts to Aldermore would be "minimal" because the bank deals largely with professional landlords.Properties owned by so-called professional landlords are held in a corporate structure and therefore may not be subject to the cuts.Analysts lauded an improvement in Aldermore's underlying cost-to-income ratio – 53 percent for the first half of 2015 versus 64 percent a year earlier. Monks said he expects a ratio of below 40 percent in 2017.RBC Capital raised its rating on the stock to "outperform" and increased its target price to 325 pence from 300 pence.Aldermore's stock was trading at 303.58 pence at 1320 GMT, up 9.2 percent. ($1 = 0.6483 pounds)(Editing by Robin Paxton) (([email protected]; within UK +44 20 7542 1810; outside UK +91 80 6749 1136; Reuters Messaging: [email protected])Keywords: ALDERMORE GROUP RESULTS/© Thomson Reuters Limited. Click for restrictions

oldjoe1 27 Aug 2015

Re: ALD...... UPDATE....... British bank Aldermore doubles first-half profit 08/27/2015 | 03:51am US/Eastern(Reuters) - Aldermore Group Plc's profit more than doubled in the first half of the year, beating expectations, as the up-and-coming British lender issued more mortgages and loans to small and medium-sized businesses.The bank's stock rose as much as 10 percent, making it the top gainer on the FTSE-350 Banks Financial Index early on Thursday.Aldermore, the latest in a wave of banks to list in London with the aim of challenging Britain's "Big 5" lenders, reported underlying pretax profit of 44 million pounds for the six months ended June.This was above the consensus forecast of 40 million pounds compiled by Aldermore with input from eight analysts.The so-called 'challenger' bank joins rivals Virgin Money, OneSavings Bank Plc and Shawbrook Group Plc in reporting a bigger first-half profit, fuelled by greater lending to small and medium-sized enterprises.Aldermore said on Thursday it was on track for net loan growth of about 1.4 billion pounds, or 30 percent, for full-year 2015.RBC Capital raised its rating on the stock to "outperform" and increased its target price to 325 pence from 300 pence, citing lower-than-expected impairments.Aldermore's shares were trading at 298 pence at 0730 GMT, up 7.2 percent. To Wednesday's close, they had risen more than 35 percent since the bank went public in March.(Reporting by Aashika Jain in Bengaluru; Editing by Robin Paxton)

oggs 27 Aug 2015

Re: ALD ...Broker UPGRADE..... Not panicking after the budget shocker has paid off!

oldjoe1 27 Aug 2015

ALD ...Broker UPGRADE..... ALD Aldermore Group......UPGRADE..RBC Capital raised its rating on the stock to "outperform" and increased its target price to 325 pence from 300 pence, citing lower-than-expected impairments.

oldjoe1 27 Aug 2015

ALD...... UPDATE....... BUZZ-Aldermore Group: Stock surges on robust H1, market cheers beat<ALD.L>27-08-2015 08:38* Shares in Aldermore Group Plc <ALD.L> jump as much as 10 pct to pare 1.5 months losses after the bank reports robust H1* Aldermore's profit doubles beating analysts expectations [ID:nRSa2286Xa]* Stock top gainer on the FTSE-350 Banks Financial Index <.FTUB8300>* Stock has risen more than 35 pct in value since company went public this March* Three-fourth of 30-day average volume traded in the first fifteen minutes of trade on Thursday* Aldermore is the newest bank to rank among other new British lenders such as Virgin Money, OneSavings Bank, Shawbrook Plc, which have listed on the LSE since last year aimed at breaking the dominance of UK's "Big Five"([email protected])© Thomson Reuters Limited. Click for restriction

oldjoe1 27 Aug 2015

ALD Results Beat Expectations..... ALD Aldermore GroupFantastic results and ahead of expectations.BRIEF – Aldermore Group's H1 NIM rises to 3.6 pct27-08-2015 07:17Aug 27 (Reuters) – Aldermore Group Plc :Net interest margin expanded to 3.6 pct (H1 2014: 3.3 pct)Underlying cost/income ratio improved by 11 pts to 53 pct (h1 2014: 64 pct)Net loans to customers up by £635m or 13% to £5.4bn (31 december 2014: £4.8bn)Lending to smes up by £270m or 12% to £2.5bn (31 december 2014: £2.2bn)Residential mortgages up by £365m or 14% to £2.9bn (31 december 2014: £2.6bn)On track to deliver net loan growth of about £1.4bn in 2015, equivalent to about 30% full year growthSource text for Eikon: ... Further company coverage: ALD.L(Bengaluru Newsroom; +44 207 542 1810)© Thomson Reuters Limited. Click for restrictions

oldjoe1 26 Aug 2015

ALD Broker Views....... ALD Aldermore GroupBroker Recommendations...Aldermore Group broker viewsDate Broker Recommendation Price Old target price New target price Notes25 Aug Deutsche Bank Buy 276.80 290.00 290.00 Reiterates24 Aug Nomura Buy 276.80 - - Retains21 Aug JP Morgan Cazenove Overweight 276.80 - 325.00 Initiates/Starts20 Aug Credit Suisse Neutral 276.80 235.00 265.00 Reiterates18 Aug Nomura Buy 276.80 280.00 320.00 Retains

MyHobby 26 Aug 2015

Re: ALD Broker Backing.......... much of tomorrow's potential gains already built in

oldjoe1 26 Aug 2015

ALD Broker Backing.......... from Citywire this moring, looks a bit conservative but look at the last line.Aldermore benefiting from bulkChallenger bank Aldermore (ALD) is increasing in scale, which is expected to reflect positively in its first-half results.RBC Capital Markets analyst Peter Leonardos retained his ‘sector perform’ recommendation but reduced the target price from 310p to 300p. The shares rose 2p to 267.1p yesterday.‘We expect H1 2015 results to demonstrate the benefit of Aldermore’s increased scale, but we only increase our 2015 earnings per share forecast by 2%,’ he said. ‘The implied upside to our price target is 5% and we do not expect a dividend until 2017.’He added: ‘We forecast a c.50% increase in net interest income in H1 2015 year-on-year and a more than doubling of adjusted profit before tax year-on-year, since strong net new lending volumes are delivering high operating leverage.We expect management to reiterate the guidance communicated with the initial public offering and give a positive outlook statement, despite the implications of the summer Budget. In light of this and strong growth year-on-year, we believe results should support the shares at the current level and could even push them temporarily above our price target.’ 300p.

Aldermore Group Live Discussion

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