MyHobby
14 Aug 2015
Re: Trades Hi Callun. What information do you have that makes you think that the government are softening their approach to the bank tax?Also any feeling of how the results on 27th may affect the current SP. I note that Virgin Money went up on their results. D
Callun
07 Aug 2015
Trades Bit of a tree shake around midday today. Someone wants our shares.Up 4.5% today so far.Perhaps discussions to reduce impact of budget tax to start up banks are making favourable progress.
oldjoe1
20 Jul 2015
Aldermore Bank as Cheap as Chips.. ALD looks way too cheap for a bank sector wise and relatively. Going forward a P/E of just 9.7, when in 2014 it was trading on a P/E multiple of 18.1.....................excellent opportunity to get on board. Cheap as chips.INVESTMENT RATIOS2014 (A) 2015 (E) 2016 (E)Dividend Yield 0.00% % %Dividend Cover x x x<b>PER 18.17x 11.76x 9.72x</>PEG 0.23f 0.22f 0.47fNet Asset Value PS 105.08p 130.30p 150.70p
oldjoe1
17 Jul 2015
ALD............ SP TARGET.. Interesting target price from this broker......Exane BNP initiates the lender with a Neutral rating and 325.00 pence price target
oldjoe1
17 Jul 2015
ALD Re- Price Increase........ Since the budget we have had 2 brokers out of the 7 brokers covering, updating.Aldermore Group broker viewsDate Broker Recommendation Price Old target price New target price Notes15 Jul Exane BNP Paribas Neutral 260.65 - 280.00 Reiterates10 Jul Deutsche Bank Buy 260.65 - - ReiteratesI suppose the other Brokers are awaiting the next update and will then make comment.After further research I have found another 3 Brokers who have made comment AFTER the Budget. The stock certainly looks very cheap going into 2016 with a under demanding P/E of just 9.7 and just look at the growth in EPS!!!!!Aldermore Group PLCFORECASTS2015 2016Date Rec Pre-tax (£
EPS (p) DPS (p) Pre-tax (£ EPS (p) DPS (p)Exane BNP Paribas16-07-15 HOLD 90.00 21.51 111.00 21.64Shore Capital10-07-15 HOLD 91.80 20.50 120.30 25.60Numis Securities Ltd09-07-15 HOLD25.202015 2016Pre-tax (£ EPS (p) DPS (p) Pre-tax (£ EPS (p) DPS (p)Consensus 90.89 21.01 115.58 25.401 Month Change -7.61 0.91 -18.61 -3.003 Month Change -4.61 0.91 -18.61 -3.00GROWTH2014 (A) 2015 (E) 2016 (E)Norm. EPS 79.34% 54.57% 20.89%DPS % % %INVESTMENT RATIOS2014 (A) 2015 (E) 2016 (E)Dividend Yield 0.00% % %Dividend Cover x x xPER 18.17x 11.76x 9.72xPEG 0.23f 0.22f 0.47fNet Asset Value PS 105.08p 130.30p 150.70pDefinitions Disclaimer
MyHobby
16 Jul 2015
Re: SP drop Thanks Callun. I also found an RNS on the FT website about a fund selling down its holding. Just hope ee have bottomed out. A tidy profit is now a loss. D
Callun
16 Jul 2015
Re: SP drop Possibly influenced by the departure of the deputy CEO announced on Monday:Aldermore Group PLC today announces that Mark Stephens, Deputy CEO and Group Commercial Director, has informed the company of his decision to leave the Bank at the end of 2015. As part of planned succession, Carl D’Ammassa and Charles Haresnape will report into Phillip Monks, CEO with immediate effect.
MyHobby
15 Jul 2015
SP drop Any thoughts on today's drop. Thought it was going to tick back up to 300p
MyHobby
10 Jul 2015
One Savingsbank Any thoughts out there on why doing a comparative chart, Aldermore and Arthbutnot seemed to have fared similarly over the last year but One Savings Bank (pro-rated) has stripped ahead. And has a lower PE?D
Callun
09 Jul 2015
Re: FT article MyHobby, can't help with the article but this from the telegraph may make the picture clearer:"The bank levy, a charge on banks’ global balance sheets, will be cut in half over the rest of this parliament, Chancellor George Osborne announced in his emergency Budget.However, it will be replaced by an 8pc tax on annual profits, on top of the corporation tax that lenders already pay.“It means we’ll actually raise more from the banks this parliament, but at the same time make our country a more competitive place to do business,” said Mr Osborne.At the same time, the changes mean that banks with more UK-focused business, such as Barclays and Lloyds, as well as small challenger banks, will be worse off over the long-term, while banks with large international arms, such as HSBC, which is the biggest payer of the levy, will see its financial burden slowly eased."__________ __________ __________ __________ __________ __________ __________ _____Now Lloyds fell yesterday and rebounded fully today so far.Barclays actually rose yesterday and today, though the loss of their CEO probably influenced that.Hence IMHO yesterdays Aldermore fall was overdone.
MyHobby
09 Jul 2015
FT article I caught the headline of an FT article that said Challenger banks will lose out more on new bank levy." I'm at my article limit on the FT, so could anyone reprint or elaborate. I missed yesterday's budget.D
Callun
09 Jul 2015
Re: Budget woes or more? Aldermore seemed impressively immune to market forces, which had been especially upset by the Greece situation, up to the budget with significant upward momentum since launch.I am assuming the budget gave a reason for profit taking and am hoping for a reasonable rebound and have taken this opportunity to buy
MyHobby
08 Jul 2015
Budget woes or more? NM
Yertiz
02 Jun 2015
Re: Good write up!Encore! Momentum Investor are also covering Aldermore (not totally surprising considering they are part of the SCSW group of tipsters) and they tend to do their homework, meeting the directors, studying the books etc. I too bought in on the strength of their commentary highlighting the potential of this new bank. So far, I like what I see. FTSE 250 entry will bring much increased exposure to this share - the only way is up!
claude reins
02 Jun 2015
Re: Good write up!Encore! It is interesting to see how these johny-come-lately banks are doing. They have none of the legacy issues; they are stable well based businesses with a significant history of operation now; they are hoovering up the potential business that the large banks have been running away from. The future is bright and they are forecasting really good growth figures. Im glad to be in too.They are in the running for a FTSE 250 classification this month. That should add to the excitement.
