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Directors dealings: Aldermore chairman tops up stake

Mon, 04th Jul 2016 14:41

(ShareCast News) - Aldemore chairman Glyn Jones went bottom-fishing in shares of his company, picking up £118,883.00-worth of stock on 30 June, the company said in a statement.Shares in the 'challenger' bank had been mauled in the aftermath of the Brexit vote.Jones bought 100,000 shares at 118,88p each, taking his total stake in the lender which is heavily-exposed to the UK residential markets to 881,468 shares or 0.26% of its shareholders´ equity.In its first quarter update, Aldermore announced business finance orignation was up by 18% to £272m, while mortgage origination rocketed 60% to £542m in the run-up to the increase in stamp duty on 1 April"We have made an excellent start to the year with our best ever quarter of origination as we delivered double digit growth in new lending in both our Business Finance and Mortgages divisions," Philip Monks said.On 30 June, analysts at Barclays increased their estimate for the bank´s cost of equity from 11.5% to 15.0% and lowered their target price on the shares from 235p to 120p, while reiterating their 'equalweight' recommendation on the stock.Top Director BuysAldermore Group (ALD)Director name: Jones,Glyn Amount purchased: 100,000 @ 118.88pValue: £118,883.00Hunting (HTG)Director name: Hunting,RichardAmount purchased: 3,277 @ 476.00pValue: £15,598.52Vianet Group (VNET)Director name: Dickson,JamesAmount purchased: 5,000 @ 95.00pValue: £4,750.00Jpmorgan American Inv Trust (JAM)Director name: Bragg,Simon Amount purchased: 409 @ 309.14pValue: £1,264.38Wolf Minerals Limited (WLFE)Director name: Royston Clarke,Nicholas Amount purchased: 44,743 @ n/aValue: n/aWolf Minerals Limited (WLFE)Director name: Hopkins,John Amount purchased: 89,485 @ n/aValue: n/aTop Director SellsEco Animal Health Group (EAH)Director name: Stockdale,KevinAmount purchased: 362,600 @ 418.50pValue: £1,517,480.98Eco Animal Health Group (EAH)Director name: Trouse,JuliaAmount purchased: 125,000 @ 418.50pValue: £523,124.99Ab Dynamics (ABDP)Director name: Rogers,Timothy (Tim) John Amount purchased: 34,748 @ 395.00pValue: £137,254.60Goals Soccer Centres (GOAL)Director name: Rogers,KeithAmount purchased: 45,000 @ 112.00pValue: £50,400.00Goals Soccer Centres (GOAL)Director name: Rogers,KeithAmount purchased: 25,000 @ 115.00pValue: £28,750.00
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11 Nov 2016 09:55

Friday broker round-up

(ShareCast News) - Imperial Brands: JP Morgan keeps at neutral with a target price of 3660p. Standard Life: Berenberg stays at buy 416p target. Barclays: Societe Generale upgrades to buy with a 235p target. UBM: Barlcays reiterates equal-weight with a 755p target. Derwent London: Goldman Sachs ke

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10 Nov 2016 14:35

Broker tips: Bovis Homes, Aldermore, miners

(ShareCast News) - Numis reiterated an 'add' rating and a target price of 939p on Bovis Homes on Thursday after the housebuilder reported a full year trading update. The company said it expects to deliver record revenues in 2016 as the backdrop for UK housebuilding continues to be positive, with dem

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10 Nov 2016 09:41

RBC Capital ups Aldermore to 'outperform' after Q3 results

(ShareCast News) - RBC Capital Markets upped its stance on Aldermore to 'outperform' from 'sector perform' and lifted the price target to 210p from 190p after the challenger bank's third-quarter update. The bank pointed to strong growth in the quarter and reassuring guidance from the group for the f

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10 Nov 2016 08:58

Aldermore increases new lending to business customers

(ShareCast News) - Retail bank Aldermore's new lending to business customers increased in the year to date, while capital growth rose in the third quarter. For the nine months ended 30 September, net loans were up 15% to £7.1bn, compared to the same period last year, due to greater levels of new len

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10 Nov 2016 08:39

LONDON MARKET OPEN: Stocks Add To Trump Bounce

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10 Nov 2016 08:01

Aldermore Sees No Slowdown In Demand As New Lending Increases

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8 Nov 2016 08:00

Glyn Jones signals exit from Aldermore

(ShareCast News) - Aldermore Group announced on Tuesday that on 7 November, Glyn Jones tendered his resignation as non-executive chairman and director of the company, with effect from 6 February 2017. The FTSE 250 firm said Jones has decided to step down from the board following a review of his time

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26 Oct 2016 09:12

Banks' mortgage approvals rebound from low, BBA data shows

(ShareCast News) - Mortgage approvals from high street banks rebounded slightly in September, according to data from high street banks, after hitting a 19-month low in August. The British Bankers' Association (BBA) revealed mortgage approval numbers in September of 38,252, which was up from 37,241 i

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25 Oct 2016 11:46

Credit Suisse sees rising risks for challengers banks Aldermore, Shawbrook

(ShareCast News) - OneSavings Bank received an upgrade but Aldermore and Shawbrook were downgraded by Credit Suisse as it warned the risks facing the UK's challenger banks were "becoming harder to ignore" heading into 2017. Following solid share price recoveries in recent months, the risk-reward for

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25 Oct 2016 07:15

LONDON BRIEFING: Pound And Shares Firm Ahead Of UK Airport Decision

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18 Oct 2016 16:17

Sector movers: Retailers rise to the top

(ShareCast News) - Retailers led gains in the market, with Tesco and Sainsbury leading the pack north on the heels of the latest sector survey results. During the last three months the former notched up its first market share gain in five years, with sales by 1.3% and market share by 0.1 percentage

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5 Oct 2016 16:07

LONDON MARKET CLOSE: Investors Cash In Profit While Pound Hits New Low

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4 Oct 2016 10:37

Barclays ups Aldermore and OneSavings to 'overweight'

(ShareCast News) - Barclays upgraded challenger banks Aldermore and OneSavings Bank to 'overweight' from 'equalweight' as it took a look at UK specialist lenders. It lifted its price target for Aldermore to 200p from 150p and said it should benefit from growth in the specialist buy-to-let and SME se

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23 Sep 2016 08:34

RBC ups targets on specialty lenders due to UK economic resilience

(ShareCast News) - Analysts at RBC revised their price targets for UK challenger banks higher as a result of the resilience shown thus far by the economy and the support provided by the Bank of England. The broker also revised its forecasts higher for Aldermore,Close Brothers and Shawbrook. "While

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6 Sep 2016 13:25

Tuesday newspaper share tips: Lloyds, Aldermore, Hunting

(ShareCast News) - Lloyd's Banking Group will continue to struggle as downgrades from two brokers showed, sending its shares promptly lower, according to The Telegraph's Questor column. Things had been looking up for potential investors in the bank at the start of the year as the government prepa

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