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Market doesn't seem to like results. Seems to be largely related to the 14% decrease in residential mortgage origination. http://www.ftadviser.com/2016/08/11/mortgages/aldermore-sees-residential-mortgage-business-slump-JDwMP0uLX802Y3qTua4Z9J/article-1.html
Buying opportunity
45% profits increase founded on nice solid business model, seemingly unrattled by Brexit. Seems guaranteed to make a steady return to 200p. Nice chance to make 30% return here over the next few months is how I'm seeing this one. Hope today's profit takers give us a nice top up point.
No post Brexit impact being felt - this is key !!
Fantastic results !!!!!! No Post Brexit Impact being felt. Profits and balance sheet rocketing !! Excellent quality lending ....... Back to £3 share price I would expect in the medium term.
Priced for collapse....?
Aldermore is priced for collapse, I expect tomorrows results will make people make notice - 200p could be reached again within weeks....
There is no doubt that BTL lending as a whole will have suffered as a result of the SDLT changes and the tax changes from a rental income perspective (what proportion of mortgage interest can be offset against rental income received) However, Aldermore have a number of niches/USP's which will mean they still will take a good proportion of the marketplace..... • Easy rental income calculation (one of the lowest in the marketplace!) • Happy to lend to professional landlords (those with multiple properties / BTL mortgages) will still be able to secure finance via Aldermore • Low minimum income requirements for applicants (self explanatory) / no minimum income for lots of their BTL Remortgage stuff • Willing to lend on more unusual propositions (HMO etc) They've had some great products over the past 9/12 months so I really think they will have done some good business on the BTL front despite changes in the marketplace.
What are your thoughts on how the buy to let stamp duty will effect results? Buy to let origination was up 144% in Q1 2016 on Q1. Can only see that decreasing this time around
Possible. Think this will fly north tomorrow ...
Maiden dividen tomorrow???
Sorry, Thursday's results. Looking good for a re rating...
Rising nicely - could see sharp rise with tomorrow's results...
Spike up tomorrow ??
Half year results on 11 August, I expect rise to 160p in lead up ...
Good day hopefully in 140s tomorrow
Morgan Stanley are switched on filling their boots at these very low levels...
Leadsom just quit the race and ALD jumps north on the back of some political certainty...?
Bargain at these prices
PE ratio 5.5 combined with strong balance sheet
Director buying a substantial amount of stock, excellent news. This should treble at least within 12 months. Anyone seen the market cap to book value !!! Must be the Best Buy in the stock market.
has anyone followed the directors ,good call
Lowest volume yet, post brexit. 200p before six months I think.
These at bargain price........could easily double bag within six months
Lender Aldermore Group PLC on Monday 4 July said Chairman Glyn Jones bought shares in the company on Thursday last week. Jones bought 100,000 shares at 118.88 pence per share, taking his total holding to 881,488 shares or a 0.3% stake in the business.