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SUS S & U Plc

1,890.00
-25.00 (-1.31%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
S & U Plc LSE:SUS London Ordinary Share GB0007655037 ORD 12 1/2P
  Price Change % Change Share Price Shares Traded Last Trade
  -25.00 -1.31% 1,890.00 1,360 16:35:10
Bid Price Offer Price High Price Low Price Open Price
1,875.00 1,910.00 1,890.00 1,860.00 1,860.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Personal Credit Institutions 102.71M 33.72M 2.7750 6.76 227.83M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:20:07 O 46 1,890.00 GBX

S & U (SUS) Latest News

S & U (SUS) Discussions and Chat

S & U (SUS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:20:161,890.0046869.40O
15:35:101,890.00356.70UT
15:29:551,875.00118.75AT
13:31:271,870.00118.70AT
12:40:541,890.002174,101.30AT

S & U (SUS) Top Chat Posts

Top Posts
Posted at 25/4/2024 09:20 by S & U Daily Update
S & U Plc is listed in the Personal Credit Institutions sector of the London Stock Exchange with ticker SUS. The last closing price for S & U was 1,915p.
S & U currently has 12,150,760 shares in issue. The market capitalisation of S & U is £227,826,750.
S & U has a price to earnings ratio (PE ratio) of 6.76.
This morning SUS shares opened at 1,860p
Posted at 13/4/2024 12:11 by jeffian
The market will no doubt tar all 'lenders' with the same brush but, as spelt out repeatedly by Coombs in his various reports and presentations, this doesn't affect SUS as they don't pay commissions.
Posted at 09/2/2024 12:20 by shanklin
Looks to me like the regulator will force SUS to cease much of its higher risk car lending.

The moronic effect will be that the relevant customer group will have no access to regulated lending forcing them onto public transport, which presumably doesn’t meet their need, or unregulated money lenders, another very unsatisfactory outcome.
Posted at 09/2/2024 10:41 by jeffian
Unusual to see a downbeat TU from SUS but I do like the management here and Coombs' style of 'telling it like it is'. I'm already pretty heavily weighted in these but tempted to view this as a buying opportunity for long-termers.
Posted at 12/1/2024 10:36 by jeffian
The market wields a very broad brush when dealing with 'sectoral' news and will mark down (or up) whole swathes of companies, often with only the slightest involvement or even none at all. (For years, Whitbread used to be impacted by news about 'brewers' decades after it ceased to be one). As the issue of 'car finance' mis-selling has raised its head again, I can see that we are in for another period of volatility. Last time, it was all about dealers' PCP schemes - in which SUS had no involvement at all - and now it has been widened to include all loans where commission has been paid to a broker. I would need to go back to previous company reports/presentations, but my understanding is that SUS already had a clean bill of health about openness/transparency in this area. If I hadn't got so many already, I might see this as a buying opportunity coming up!
Posted at 10/8/2023 07:25 by cwa1
Trading Update...



The group continues to trade well. It does so carefully due to the current economic headwinds impacting consumer confidence, disposable incomes, taxation and interest rates. Although the past two months have seen an uptick in transactions and the new customer pipeline, current economic policies in the UK, reduce consumer confidence and create barriers to our usual rate of sustainable growth.

Tiny pop at our hapless Governmnent...

Whilst the Chancellor of the Exchequer may make heroic pleas that "declinism about Britain is just wrong", the past decade has seen persistent government policies which act against a climate of entrepreneurial activity, enterprise, and growth. More recently record levels of taxation, steeply rising interest rates, massive government borrowing, and a failure to stem the tide of incessant regulation, especially in the financial services industry, have all contributed to this. The result has been 10 years of sluggish growth in the UK averaging just half a percent per annum- and a lack of faith in the free enterprise culture.
Posted at 07/8/2023 17:01 by jeffian
Although the market was down generally on "interest rate worries", I suspect SUS' larger-than-average fall may be linked across to a story in today's press saying that Lloyds may be hit by a substantial penalty for selling overpriced 'car finance'. As with the PCP scare, the market doesn't differentiate between different forms of car finance and all in the sector get tarred with the same brush. Nothing to worry about for SUS, I believe.
Posted at 28/6/2023 13:24 by exv
Went ex-div a couple of weeks ago. The current downward drift is on thin volume and with a wide spread: I would say people are just worrying about the implications of higher rates. Mechanically they reduce S&U's profits - they have floating rate borrowings - and, if you are the panicky sort, you might also be concerned what it means for their borrowers.

I think it's perfectly reasonable to be concerned about the property side of things. It's ramped up significantly and hasn't been through a proper downturn. If their underwriting is good they'll be fine. Defaults spiking isn't a surprise at all as property volumes fall, as if the borrower hasn't managed to sell or refinance, they will obviously fall into default. The question is whether the borrowing is sufficiently prudent such that they the unit in question gets sold eventually, at a price sufficient to pay back principal & interest & late fees. If their borrowers are solid, the personal guarantee has some value, and the LTV is low enough such that the borrower still has sufficient equity to 'fight' for, they'll be fine. I think we'll only find out on the other side.

Personally, I have no concerns about Advantage. It's an amazingly well-seasoned business through many downturns. They managed through the GFC, COVID and the cost of living 'crisis' with enviable ease.

And, in the medium term, without sounding like a cheerleader, I don't think higher rates are as bad as the market thinks. Of course it is bad for short-term earnings. But what was really bad for the business itself was a low rate environment which incentivised poor quality lenders to join the market with loads of capital, and pushed up broker commissions. S&U had the best quality lending book in the industry. They also have far less debt than most of their peers. In a more challenging environment, they are the winner, even if we have headwinds.
Posted at 24/4/2023 12:39 by melloteam
Just to let shareholders and prospective investors know that S&U plc will be presenting on the MelloMonday webinar at 5:35pm today.

The programme for the evening is as follows:
5.00 pm Mello welcome and company presentation from Frenkel Topping Group
5.35 pm Company presentation from S&U plc
6.15 pm Amati Global Investor Fund Managers Mikhail Zverev & Graeme Bencke present ChatGPT and the new chapter in Artificial Intelligence technology: opportunities and implications
6.45 pm Company presentation from The Property Franchise Group
7.15 pm De-listing from the market can be de-energising (IBPO horror story)
7.25 pm Mello BASH

There will be over 500 investors attending and these are very popular shows with company presentations, fund manager and investor interviews, and panel sessions.

Tickets are still available and if you would like one at half price then enter the code MMTADVFN50.
Posted at 17/4/2023 13:48 by rcturner2
Great recovery in the price here. It looks to me to be heading back up towards 2800p.
Posted at 09/2/2023 13:11 by kalai1
S&U plc issued a trading update for the period from its trading statement of 8 December 2022 to the Group's year end on 31 January 2023. Current trading in both businesses, Advantage , the motor finance lender , and Aspen , the property bridging lender, remains excellent. This will be reflected in the full year's results which are expected to both meet expectations and exceed budget. S&U continues to grow and perform well despite the background of "political and economic uncertainty", group net receivables have now reached c£420m. Management are proposing a second interim dividend of 38p per ordinary share (2022: 36p). The business has a history of steady growth, the b/s is reasonable, valuation is average with forward PE of 7.7x. The weak domestic UK macro environment is the main cloud on the horizon, lack of share price momentum also suggests SUS is a share to monitor for now...

...from WealthOracle
S & U share price data is direct from the London Stock Exchange

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