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I have to say that I find this share pretty frustrating: it's trading low but doesn't seem to want to go anywhere. Yet it's swinging 5% up and down almost on a daily basis.
Well I've just plumped for Aldermore. Which one did you go for? See Ald as a great way to play the inevitable YES vote to staying in the EU. Uncertainty from the refererendum and stamp duty changes been holding this back. This should motor from here as people realise housing market boom is only just beginning and EU YES vote is an absolute certainty. I mean I find it wondrous how sime people really think the UK population are going to vote to leave the EU. Never going to happen. I put my money where my mouth is and placed a large bet on YES on the betfair exchange several weeks ago. People giving money away...yes please I'll have some o that! Stand to make a 58% return on my investment (bet) over an 8 wk period.
Came across an old nov 2015 city AM press article mentioned about Shaw and ALD, if I am to buy few of these shares, which one should I go for? Advice appreciated here!
Why no dividend ?
Seems very strange the reaction to the very good results today?Initially up but then dropped and just flat. This is my banker for 2016!
Sorry for later response. I understand it to be 11 March. This is a well run company in a benign environment on 6 years earnings !
Here we ate back at the dock again. Again this seems to be suffering with the general bank malaise, rather than anything ALD specific. Great time to get in or top up at depressed levels imo. Does anyone know timeframe for the next trading update?
Hope you managed to get on board before we set sail again.
I think the boat must have sprung a leak and come back to dock.
What was that you were saying about missing the boat.I think someone lowered the gangplank.
Tips for this year independent
Missed the boat on this one,i dont think we will see the sp near 200 anytime soon unless something goes seriously wrong with the company.
It seems that the SP is being punished in particular because of the potential impact of the various clamp downs on buy to let market. Does any one have any idea how much of ALD's loan portfolio is made up of BTL? As a holder who is currently underwater, I agree this is starting o look like top up territory.
Ald is oversold now.It has lost more than 40% in 2 months or so.Even though the new banking resolutions coming in place soon may not be favorable to the challenger banks,Ald has fallen way more than the other challenger banks. I personally think that at the 200 mark its worth accumulating,more over as the fundamental of the bank itself are very sound and i am certain this will show at its next trading update due out soon.
Michelle McGagh on Nov 27, 2015 at 05:00 Aldermore downgraded after chancellor hits landlords Challenger bank Aldermore Group (ALD) has been downgraded after chancellor George Osborne clamped down on buy-to-let (BTL) in the Autumn Statement. Deutsche Bank analyst David Lock downgraded his recommendation from ‘buy’ to ‘hold’ and reduced the target price form 330p to 267p. ‘The UK government announced an increase in the stamp duty by 3% for buy-to-let mortgages from April 2016,’ he said. ‘This change follows the amendment to tax relief for some individual BTL owners in the summer Budget, and the provision of additional powers to the financial policy committee over the BTL market, after a period of strong growth. Given this latest change, and that we cannot rule our further amendments in the future if regulatory/ policy aims on BTL are not achieved, we have lowered our loan growth assumptions for Aldermore, impacting earnings per share forecasts.’ The shares were trading at 236.5p yesterday, down 8.5% since the buy-to-let tax hike was announced.
Sorry peeps but this tax isn't going to be repealed Osborne knows exactly what he's doing and for him Challenger banks are not a priority just cash cows for the Treasurery. Business stuffed again
<b>Chancellor will drop 'challenger' bank levy, says Hermon</b> Neil 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 16:06 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.
<b>Aldermore Group PLC (ALD) – Research Analysts’ Recent Ratings Changes August 27th, 2015</b> Several 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.
28 Aug 2015 Aldermore Group ALD JP Morgan Cazenove Overweight 253.50 278.00 325.00 340.00 Reiterates SP TARGET 340p
<b>UPDATE 2-British bank Aldermore doubles profit as lending grows 27-08-2015 14:39</b> First-half profit rises to 44 mln stg vs 21 mln stg CEO sees "minimal" impact from reduced buy-to-let tax breaks Shares rise as much as 11 pct (Adds details, CEO comment, updates share movement) By Aashika Jain Aug 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
<b>British bank Aldermore doubles first-half profit 08/27/2015 | 03:51am US/Eastern</b> (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. <B>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.</b> 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. <b>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.</b> 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)
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.
<b>BUZZ-Aldermore Group: Stock surges on robust H1, market cheers beat<ALD.L> 27-08-2015 08:38</b> * 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" (aashika.jain@thomsonreuters.com) © Thomson Reuters Limited. Click for restriction
ALD Aldermore Group Fantastic results and ahead of expectations. BRIEF – Aldermore Group's H1 NIM rises to 3.6 pct 27-08-2015 07:17 Aug 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 growth Source text for Eikon: ... Further company coverage: ALD.L (Bengaluru Newsroom; +44 207 542 1810) © Thomson Reuters Limited. Click for restrictions
ALD Aldermore Group Broker Recommendations... Aldermore Group broker views Date Broker Recommendation Price Old target price New target price Notes 25 Aug Deutsche Bank Buy 276.80 290.00 290.00 Reiterates 24 Aug Nomura Buy 276.80 - - Retains 21 Aug JP Morgan Cazenove Overweight 276.80 - 325.00 Initiates/Starts 20 Aug Credit Suisse Neutral 276.80 235.00 265.00 Reiterates 18 Aug Nomura Buy 276.80 280.00 320.00 Retains