Alliance & Leicester(AL.)

Sector:

Banks

Index:

FTSE 250

Market Cap

£1,377.75m

Change Today

Price Up1.50p

Share Price

327.25p

AL. Overview

Alliance & Leicester has stuck firmly to what it knows best since it moved from being a mutual building society to a quoted company in 1997. A&L has between 3-4% of the UK mortgage market and retail banking remains by far the biggest contributor to earnings.

1 Day Chart (29-Aug-2008)

1 Day Chart

6 Month Chart

6 Month Chart

Income & Efficiency

Latest F'cast
Div Yield 16.9% 10.0%
Div Cover 1.1 1.1
Op Mrgn 28.0% 19.3%
ROCE 13.7%  

Valuation

Latest F'cast
P/E 5.5 9.0
PEG n/a n/a
Pr/Revenue 1.0 1.1
Pr/Book 0.6  

Growth

Latest F'cast
Revenue -3.3% -11.3%
PBT -29.8% -38.8%
EPS -38.4% -38.9%
DPS 2.2% -41.3%

AL. Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-03 a1,373.10 a524.70 79.00p 11.2 0.7 +16% 43.90p 4.9%
31-Dec-04 1,380.30 586.60 85.00p 10.7 1.3 +8% 48.30p 5.3%
31-Dec-05 1,386.90 547.10 87.10p 11.4 5.7 +2% 51.50p 5.2%
31-Dec-06 1,475.20 568.90 96.40p 11.8 1.1 +11% 54.10p 4.8%
31-Dec-07 1,425.80 399.20 59.40p 10.9 n/a -38% 55.30p 8.5%

a. Based on UK GAAP presentation of accounts - includes discontinued activities

AL. Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-08 1,265.33 244.27 36.32p 9.0 n/a -39% 32.44p 10.0%
31-Dec-09 1,277.33 338.05 48.15p 6.8 0.2 +33% 32.08p 9.9%

Covering analysts: ABN AMRO, Charles Stanley & Co, Citigroup Investment Research, Collins Stewart, Credit Suisse, Deutsche Bank Research, ESN-Equinet, ESN-NCB Stockbrokers, Goldman Sachs, Hichens, Harrison & Co, HSBC Securities, Keefe Bruyette & Woods, Lehman Bros, Merrill Lynch, Numis Securities, Oriel Securities, Panmure Gordon, Shore Capital Stockbrokers, Société Générale

AL. Company Announcements

Rule 8.3- Alliance & Leiceste 29-Aug-2008 14:38 RNS
Rule 8.3- Alliance & Leiceste 29-Aug-2008 14:05 RNS
Rule 8.3- Alliance & Leiceste 29-Aug-2008 12:50 RNS

AL. ShareCast News

Thursday's newspaper round-up: Economy, British ... 28-Aug-2008 ShareCast
Sector movers: Mining recovery continues 21-Aug-2008 ShareCast
Wednesday tips round-up: Alliance & Leicester, B... 20-Aug-2008 ShareCast

AL. Top Newspaper Links

B&B crashes into red and bad debts rocket 29-Aug-2008 Daily Mail
Alliance & Leicester cuts some mortgage rates as... 28-Aug-2008 Telegraph
A&L latest lender to cut mortgage rates 28-Aug-2008 The Scotsman

Latest AL. Director Deals

Traded Action Notifier PriceAmountValue
05-Aug-08 Buy Simon Lloyd 333.30p 37 £123.32
05-Aug-08 Buy Bryce Glover 333.30p 37 £123.32
05-Aug-08 Buy Ian Buchanan 333.30p 37 £123.32

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: In the case of dual listed securities, broker recommendations and forecasts relate to the primary listing.

Note 6: Forecast figures based on normalised accounts.

 

AL. Market Data

Currency UK Pounds
Share Price 327.25p Price Up
Change Today +1.50p
52 Week High 1,060.00p
52 Week Low 214.75p
Volume 1,633,062
Shares Issued 421.01m
Market Cap £1,377.75m
Beta 1.67
RiskGrade 450

AL. Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.20% above the market average87.20% above the market average87.20% above the market average87.20% above the market average87.20% above the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
78.33% below the market average78.33% below the market average78.33% below the market average78.33% below the market average78.33% below the market average
88.24% below the sector average88.24% below the sector average88.24% below the sector average88.24% below the sector average88.24% below the sector average
Income
86.84% above the market average86.84% above the market average86.84% above the market average86.84% above the market average86.84% above the market average
63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average
Growth
97.38% below the market average97.38% below the market average97.38% below the market average97.38% below the market average97.38% below the market average
87.5% below the sector average87.5% below the sector average87.5% below the sector average87.5% below the sector average87.5% below the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 11
Sell 4
Strong Sell 3
Total 19
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

AL. Dividends

  Latest Previous
  Interim Final
Ex-Div 03-Sep-08 23-Apr-08
Paid 06-Oct-08 19-May-08
Amount 18.00p 36.50p

Trades for 29-Aug-2008

Time Volume / Share Price
16:35 9,713 @ 328.81p
16:35 1,847 @ 328.13p
16:35 519,885 @ 327.25p
16:30 250 @ 328.80p
16:29 560 @ 330.75p

AL. Key Personnel

Chair Derek Higgs

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