S & U Share Discussion Threads

[cwa1] 24/3/2015 16:22

Some research:-

[shanklin] 24/3/2015 16:12

Yes Plasbryn, wish I had started doing that ten years ago

[firtashia] 24/3/2015 14:48

I spend a lot of time looking for companies to invest in - I probably shouldn't waste my time & should just keep adding to my existing holding here. Does what it says its going to do, good margins, good divi yield (at the price I paid),& GARP. Super stuff.

[shanklin] 24/3/2015 08:54

Bought my first ever SUS this morning after watching and never buying any for years. Will add more on weakness.

[buffetteer] 24/3/2015 08:44

Great results - not even started deposit taking yet.
I reckon we are at least 20% undervalued based on earnings to 1/16 of 178p and a PE of 15x.

If we dip I'm the next few weeks worth topping up .

[gorse] 24/3/2015 08:28

Deservedly, in the category "neversell".

[tudes100] 24/3/2015 07:40

Great management, great company.
Happy holder.

[billy_liar] 24/3/2015 07:38

"...great confidence for the future."

Here, here!

Spectacular performance once again. Anyone without some of these in their portfolio needs their bumps feeling!

[cwa1] 24/3/2015 07:22

The usual rubbish from this mob :-)

S & U PLC

24 March 2015

24 March 2015

S&U PLC

("S&U" or "the Company")

PRELIMINARY RESULTS FOR THE YEAR ENDED 31 JANUARY 2015

S&U, Britain's foremost niche home credit and motor finance provider, today announces its preliminary results for the year ended 31 January 2015:

Key Financials:
-- Profit before taxation up 34% at GBP23.2m (2014: GBP17.3m)
-- Earnings per share up 38% at 156.0p (2014: 113.2p)
-- Revenues up 22% at GBP74.4m (2014: GBP60.8m)

-- Proposed final dividend of 30p (2014: 24p); total dividend in respect of the year increased to 66p (2014: 54p)
-- Strong balance sheet:

o Net assets increased by 17% to GBP81.5m (2014: GBP69.4m)

o GBP30m additional longer term borrowing facilities arranged during the year

o Borrowings increased to GBP53.6m (2014: GBP32.4m); group gearing still conservative at 65.8% (2014: 46.6%)
-- Divisional highlights:

o Motor Finance profit before taxation up 42% to GBP16.7m (2014: GBP11.5m); driven by 38% revenue growth and record collections quality

o Home Credit profit before taxation up 11% to GBP6.5m (2013: GBP5.8m); driven by 10% revenue growth

Operational Highlights:

-- Group total annual collections up over GBP28.0m on prior year; Motor Finance up 40% and home credit up 11%

-- Further 48% increase in Motor Finance advances this year - further growth planned in healthy competitive market

-- Home Credit; advances up 11% on last year and three new branches opened in the year; one more planned in H1 15

-- Motor Finance; growth of GBP33.4m in net receivables with continuing good trends in collection quality

Anthony Coombs, Chairman of S&U plc commented:

"This year Group profit has risen by 34% and substantial growth has been seen across all of our companies. Although the new Regulatory Regime, signs of emerging competition and the forthcoming General Election create the usual uncertainties, our expertise, the commitment of our people and the loyalty of our customers and introducers give us great confidence for the future."

[buffetteer] 16/2/2015 17:16

lets hope you're right. We know they're booming and the country is only just starting to motor !

[firtashia] 16/2/2015 16:51

Buffetteer- Got 214.5p (from 176.9p) for 1/16. The figure has only just been updated though, presumably following the recent trading statement. Good news if true.

[buffetteer] 16/2/2015 16:09

Fit
strange -mine says 176.9 for 1/16 -the forecasts haven't changed for months .
Ive 178p 1/16 for many months from other broker estimators.

[firtashia] 16/2/2015 15:48

According to stock o pedia, consensus forecast EPS for YE Jan 15 has now been hiked by 25% to 187p, and a decent hike for 2016 too. Given the lack of share price action this has yet to be taken on board by the market. Super stuff.

[rogerbridge] 13/2/2015 07:57

Solid performer in my SIPP. Coombs has delivered an increased dividend once again.

[plasybryn] 13/2/2015 07:54

One of my longest holds. I think I first bought around 8 yrs ago & it has never disappointed.If only all shares were like SUS!

[cwa1] 13/2/2015 07:48

Usual old stuff. Lovely :-))

[tudes100] 13/2/2015 07:39

Over the last 18 months this has become one of my top 5 holdings. Another great update and with car sales continuing to grow apace the future looks very strong.

[pugugly] 13/2/2015 07:20

Once again understated and a pleasue to read -



Trading up and dividends up

Dividend

The strength of the Group's current trading and profitability allows the Board to approve the payment of a second interim dividend of 19p per ordinary share (2014: 16p) on 10th April 2015 to holders on the share register on 13th March 2015. This means that first and second interim dividends this year will represent 36p against 30p last year - an increase of 20%.

[luckymouse] 29/1/2015 11:55

www.barchart.com/snapopinion/stocks/SUS.LS

[buffetteer] 08/1/2015 14:38

Car slaes record high -got to be good for car lending .

[plasybryn] 08/1/2015 09:02

Ticking along very nicely as always.

[luckymouse] 30/12/2014 19:41

Yes wide spread - just set limit orders a touch below

[jeffian] 30/12/2014 19:38

The spread on this is ludicrous. 1957/2030. Ouch!