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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Aldermore Group PLC    ALD   GB00BQQMCJ47

ALDERMORE GROUP PLC (ALD)
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OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Aldermore : Stock Rises 20% on FirstRand Takeover Interest

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10/13/2017 | 02:00pm CEST

By Dimitrios Kontos

Shares in Aldermore Group PLC (>> Aldermore Group PLC) rose as much as 20% Friday after the U.K. bank confirmed it has received an indicative proposal from FirstRand Ltd. (FSR.JO) regarding a possible offer for its entire share capital.

FirstRand is offering Aldermore 313 pence per ordinary share in cash.

Aldermore's board has indicated to FirstRand that it is likely to recommend a firm offer at this level.

The two companies are in preliminary discussions about the details of the possible offer, Aldermore said, and in accordance with City code FirstRand has until 1700 GMT on Nov. 10 to announce its firm intention to make such an offer.

Shares at 1135GMT were up 50 pence, or 20%, at 306 pence.

Write to Dimitrios Kontos at [email protected]

Stocks mentioned in the article : Aldermore Group PLC
Stocks mentioned in the article
ChangeLast1st jan.
FIRSTRAND LIMITED -4.30% 60.5 End-of-day quote.-10.04%
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Financials ( GBP)
Sales 2017 305 M
EBIT 2017 167 M
Net income 2017 108 M
Debt 2017 -
Yield 2017 1,08%
P/E ratio 2017 7,51
P/E ratio 2018 6,38
Capi. / Sales 2017 3,54x
Capi. / Sales 2018 3,26x
Capitalization 1 080 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Average target price 2,94  GBP
Spread / Average Target -5,8%
EPS Revisions
Managers
NameTitle
Philip Monks Chief Executive Officer & Executive Director
Patrick Noel Butler Chairman
Dana Cuffe Chief Operating Officer
James Mack Chief Financial Officer & Executive Director
Danuta Gray Senior Independent Director
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