|S & U
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S & U Share Discussion Threads
Showing 1251 to 1275 of 1275 messages
|Goes ex dividend tomorrow 21st October.
Trading Update on 8th December|
|They know what they are doing and won't be distracted.
Very clear, comfortable strategy which just continues to drive in cash.
Low risk, high long term reward.
Well done Anthony & team|
|Well balanced and interesting interview.|
|Proactive Investors is here: http://tinyurl.com/jqxcw4e|
|FY17 EPS forecasts (170p) left unchanged following the results. FY18 forecasts (also left unchanged) still look belting though: PBT £30.4m (EPS 202p). Of course this is a fair way yet but SUS management have a habit of delivering.|
|Took the opportunity to add to my holdings here. I hate averaging up and have no success with it- but this stock is the exception.|
|Great read, well done S&U and all holders|
|Excellent results and increase in dividend. We may even have a nice special dividend if this progress continues. I wish all my investments were as reliable as SUS. Well done Coombes.|
|Great results. Dividend up 20%.Very impressive.Great dig at Brexit doomsayers!|
|Half year results later this month on 27th September
Should be good imo.
I expect a new high to be reached by Xmas.
Chart looks in fine order as well.|
|My largest shareholding by value just got more valuable.|
|What a company!|
|You've got to love being an S&U shareholder|
|Brillant. Never put a foot wrong.|
|You just gotta love 'em.....
HALF YEAR UPDATE AND NOTICE OF RESULTS
S&U plc issues its trading update for the period from its AGM statement of the 17th May to 31st July 2016, and will announce its half year results on 27th September 2016.
In contrast to the recent gyrations and doom saying in the stock and currency markets following June's Brexit vote, trading in the real world at our Advantage motor finance business continues as strong and consistent as ever. Customer applications are at a record high with live customer numbers up 39% on last year at over 38,000 whilst margins are being maintained.
As collections and repayments at Advantage scale new monthly highs, credit quality, whilst not at the record levels of last year, is nevertheless close to the historically high levels of the past two years and within our expectations. Advantage net receivables are now approaching GBP175m and have grown at over GBP1m per week in the first half of the financial year.
Our existing funding lines provide sufficient headroom for the growth we anticipate at Advantage over the next two years; as well as for new initiatives the Group may wish to undertake. For the medium term, 2018 and beyond, we anticipate extending our finance facilities during the second half of this financial year.
Commenting on the Group's trading and outlook, Anthony Coombs, S&U chairman said:
"A sound and consistent strategy, substantial investment and a dynamic and committed team both at Advantage and the Group, form the bedrock of S&U's progress.
"That is why, whatever the current economic uncertainties, we continue to regard the future with great confidence."|
|Nice results and comments from pendragon In today's Times,'sales of used cars,their financing and after sales service are on the up'|
|From what I remember, the Coombs' are eurosceptic; presumably then they would view Brexit as having no material impact on their business?|
|Have some cash ready, just in case we do have Brexit.|
|Still looking good.|
|I already have plenty but I was rather hoping the Brexit referendum might provide a buying opportunity. However, it seems immune to the concerns shown by the wider market. Oh well.|
|My post 1180 delivered £25 much sooner than I expected!
Nice dividend coming as well.|
|IC tip this week, explains the share price move upwards, few journo's getting in first I suspect|
|nor am I !!|