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Aldermore Group

16:40 on 20/11/2017

Current Price 309.70p | Bid 309.70p | Ask 309.80p | Change -0.03%

Company Overview

Aldermore Group plc is a British bank which focuses on secured and bespoke lending to the SME market and residential mortgages for retail customers. Aldermore is a legacy-free bank which employs a modern digital platform to support its distribution and customer service proposition and provide a scalable, efficient operating model. Aldermore has a strong and diversified online deposit franchise and the Directors believe that its target lending segments provide a significant and sustainable organic growth opportunity. Aldermore was founded in May 2009 following the acquisition of Ruffler Bank Plc and Base Commercial Mortgages Limited by funds managed and advised by the private equity firm AnaCap Financial Partners LLP. At the time of the acquisitions, Aldermore had customer lending in the region of £76 million and approximately 50 employees. Since then Aldermore has developed into a multi-product asset-based lender and through its focus on organic loan origination has grown significantly, having £5.6 billion of assets, approximately 160,000 customers and approximately 875 employees and contractors as at 31 December 2014. Between 1 January 2012 and 31 December 2014, 98 per cent. of loan origination was generated organically. Aldermore focuses on specialist lending to SMEs and homeowners across four targeted lending segments which the Directors have identified as being underserved by incumbent banks and where they believe there are significant, sustainable and profitable growth opportunities.

Stock Details

Shares in Issue 344,739,584
Market cap £ 596.74m
Sector Banks
Indices FTSE 250
UK FTSE All Share

Financial Highlights Year Ended 31/12/2015

Turnover £224.70 million
Operating Profit £105.10 million
Dividend Yield 0.00
Dividend Per Share 0.00
Dividend Cover 0.00
P/E Ratio 0.00
» More Financials

Key Personnel

Frank Terranova CEO
Stephen Kelly CFO

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Price Summary

Mid Price ? 309.80p
Bid Price ? 309.70p
Ask Price ? 309.80p
Volume ? 1462110
Change Today -0.10p
% Change Today -0.03%
Open 309.80p
Previous Close 309.80p
Intraday High 310.50p
Intraday Low 309.50p
52 Week High 308.90p
52 Week Low 102.00p

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Broker Consensus

The above information represents a selection of the views and target prices published in the last 120 days by analysts in individual stocks. It is subject to change without notice and may not necessarily be the view held by Redmayne-Bentley.

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