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Alliance & Leicester(AL.)

Sector:

Banks

Index:

FTSE 250

Market Cap

£1,075.44m

Change Today

Price Down-36.25p

Share Price

255.50p

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

1 Day Chart

6 Month Chart

6 Month Chart

Income & Efficiency

Latest F'cast
Div Yield 21.6% 12.5%
Div Cover 1.1 1.1
Op Mrgn 28.0% 20.8%
ROCE 13.7%  

Valuation

Latest F'cast
P/E 4.3 6.3
PEG n/a n/a
Pr/Revenue 0.8 0.8
Pr/Book 0.5  

Growth

Latest F'cast
Revenue -3.3% -9.6%
PBT -29.8% -32.8%
EPS -38.4% -32.0%
DPS 2.2% -34.5%

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 1,288.29 268.09 40.41p 6.3 n/a -32% 36.21p 12.5%
31-Dec-09 1,310.49 375.11 52.69p 4.8 0.2 +30% 38.04p 13.2%

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

AL. Company Announcements

Directorate Change 04-Jul-2008 10:30 RNS
Total Voting Rights 01-Jul-2008 16:30 RNS
Director/PDMR Shareholding 13-Jun-2008 16:30 RNS

AL. ShareCast News

London afternoon: Retreat resumed 04-Jul-2008 ShareCast
London midday: Shares off the bottom 04-Jul-2008 ShareCast
Sunday's newspaper round-up: Taylor Wimpey, WPP,... 29-Jun-2008 ShareCast

AL. Top Newspaper Links

Six high street banks step in to guarantee £220m... 05-Jul-2008 Guardian
JC Flowers eyes bombed-out banks after Bradford ... 05-Jul-2008 Telegraph
Cowdrey sizes up A&L and Paragon 29-Jun-2008 Independent on Sunday

Latest AL. Director Deals

No deals were found in the last 28 days.

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 255.50p Price Down
Change Today -36.25p
52 Week High 1,152.00p
52 Week Low 249.75p
Volume 6,428,885
Shares Issued 420.92m
Market Cap £1,075.44m
Beta 1.57
RiskGrade 366

AL. Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.23% above the market average92.23% above the market average92.23% above the market average92.23% above the market average92.23% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Price Trend
89.99% below the market average89.99% below the market average89.99% below the market average89.99% below the market average89.99% 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
88.37% above the market average88.37% above the market average88.37% above the market average88.37% above the market average88.37% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
97.94% below the market average97.94% below the market average97.94% below the market average97.94% below the market average97.94% 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 1
Buy 0
Neutral 3
Sell 7
Strong Sell 10
Total 21
sell
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

AL. Dividends

  Latest Previous
  Final Interim
Ex-Div 23-Apr-08 05-Sep-07
Paid 19-May-08 08-Oct-07
Amount 36.50p 18.80p

Trades for 04-Jul-2008

Time Volume / Share Price
16:44 20,000 @ 270.80p
16:40 347,178 @ 259.86p
16:40 7,425 @ 264.04p
16:35 349,597 @ 255.50p
16:29 1,500 @ 256.25p

AL. Key Personnel

Chair Derek Higgs

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