Updates

Aldermore - Record Q1 adds £0.3bn to loan book

June 2015

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Aldermore’s Q1 statement confirmed trading is strong with a record £0.3bn added to its loan book in the quarter. Net lending now stands at £5.1bn whilst total customer deposits stand at £4.7bn. Post the results broker Numis commented, “We forecast Aldermore will deliver 48% compound growth in profitability … To achieve this growth very little needs to change. We expect the loan book to grow in line with the current run rate… The key driver is expected to be the improvement in operating efficiency. Aldermore has built its UK infrastructure and as its balance sheet scale increases we forecast the Cost:Income ratio will decline to 41.4% by December 2017.”Precisely what we said last month. Since then it’s been confirmed it is to en ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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