The Alternative Lender

Discussion of the proposed Cashback Investment Club

Moderator: CIC officers

The Alternative Lender

Postby AAAlphaThunder » Sat Jul 23, 2016 8:00 pm

Aldermore Group [ALD] look good value at a third of year high.

Aldermore Group PLC is an investment holding company. The Company is a lender supporting the United Kingdom small and medium-sized enterprises (SMEs), homeowners and landlords. Its segments include Residential Mortgages, which includes prime residential mortgages targeting underserved segments of borrowers that provide sustainable margins; SME Commercial Mortgages segment, which includes property finance for professional, residential or commercial property investors and owner occupier SMEs; Buy-to-Let segment, which offers Buy-to-Let mortgages for residential units, multi-unit freehold or houses with multiple occupation to both individuals and companies; Asset Finance segment, which includes lease and hire purchase financing for SMEs, and focuses on sectors with returns and liquid secondary asset markets; Invoice Finance segment, which provides the United Kingdom SMEs with working capital solutions through invoice discounting, factoring and asset based lending, and Central Functions.


Image

http://www.hl.co.uk/shares/shares-searc ... shares-10p

I can't find the dividend history so I'm not sure if they pay a dividend or not.

Thoughts on trying our hand at an alternative-style bank?
AAAlphaThunder
 
Posts: 23350
Joined: Tue Sep 14, 2010 7:23 pm
Has thanked: 213 times
Been thanked: 3323 times

Re: The Alternative Lender

Postby William Joseph1 » Sat Jul 23, 2016 8:47 pm

2015 Annual report here http://www.investors.aldermore.co.uk/ne ... sentations

No dividends will be paid before 2017 and then it will be for consideration only.
A successful IPO
As noted above, we listed Aldermore in
March 2015. Just over three months later,
we were delighted to be admitted to the
FTSE 250.
The listing allowed us to raise gross
primary capital of £75 million to ensure
that we continue to remain well ahead of
our minimum regulatory requirements
as we fund the Group’s growth.
Going forward, as we build further scale,
retained profits will fund our incremental
CET1 requirements organically. As we said
at the time of the IPO, we will consider
paying an initial dividend from 2017 taking
into account the growth opportunities
available to the Company at the time
and the associated capital requirements.
This continues to be our intention.

Thanked by: AAAlphaThunder
William Joseph1
 
Posts: 10297
Joined: Tue Jun 29, 2010 7:14 pm
Location: The Isle of Dreams
Has thanked: 4748 times
Been thanked: 9484 times

Re: The Alternative Lender

Postby AAAlphaThunder » Sat Jul 23, 2016 9:14 pm

William Joseph wrote:2015 Annual report here http://www.investors.aldermore.co.uk/ne ... sentations

No dividends will be paid before 2017 and then it will be for consideration only.
A successful IPO
As noted above, we listed Aldermore in
March 2015. Just over three months later,
we were delighted to be admitted to the
FTSE 250.
The listing allowed us to raise gross
primary capital of £75 million to ensure
that we continue to remain well ahead of
our minimum regulatory requirements
as we fund the Group’s growth.
Going forward, as we build further scale,
retained profits will fund our incremental
CET1 requirements organically. As we said
at the time of the IPO, we will consider
paying an initial dividend from 2017 taking
into account the growth opportunities
available to the Company at the time
and the associated capital requirements.
This continues to be our intention.


Thank you.

What I wasn't sure of I stated in the hope someone would be in a position to clairfy.
AAAlphaThunder
 
Posts: 23350
Joined: Tue Sep 14, 2010 7:23 pm
Has thanked: 213 times
Been thanked: 3323 times


Return to Cashback Investment Club

Who is online

Users browsing this forum: No registered users and 0 guests