Updates

Aldermore - NIMâ€ˆjumps from 3.3% to 3.6%

October 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.

The shares moved back towards £3 after outstanding interims. These showed underlying pretax profit rising 109% to £44m, driven by a reduction in cost / income ratio from 64% to 53% and a 13% entirely organic rise in net loans to customers to £5.4bn (31 December ’14: £4.8bn). The key net interest margin jumped from 3.3% to 3.6%.Lending to SME commercial mortgages rose 12% to £2.5bn while residential mortgages grew 14% to £2.9bn and helping to fund this was an 11% jump in customer deposits to £5.0bn. For the full year it expects the loan book to rise by 30% to £1.4bn.Aldermore is benefiting from a goldilocks scenario where the economy is growing well but not too quickly to r ...

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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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