Share Name Share Symbol Market Type Share ISIN Share Description
OneSavings Bank LSE:OSB London Ordinary Share GB00BM7S7K96 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.00p -0.77% 384.20p 383.20p 384.20p 387.40p 378.30p 384.00p 347,977 16:35:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Banks 309.5 163.1 49.4 7.8 933.91

OneSavings Share Discussion Threads

Showing 776 to 799 of 800 messages
Chat Pages: 32  31  30  29  28  27  26  25  24  23  22  21  Older
DateSubjectAuthorDiscuss
25/7/2017
11:06
Mortgageadvicebureau also has trading update: "Activity overall in the housing market has remained steady and was not unduly affected by the election in early June. There are some signs of softening home mover activity. However, for most of those moving home currently, it is not a discretionary decision, with lifestyle factors causing them to need to move. The remortgaging market both for residential and buy-to-let remains steady"
che7win
25/7/2017
08:34
Virgin Money mortgage news looks very healthy to me. Its fallen due to Credit Card impairment charges up 29.2% from same period last year. Mortgage impairments remain very low.
che7win
25/7/2017
07:47
Thanks rhatton, should be good read across
che7win
25/7/2017
07:14
Decent results from VM this morning
rhatton
21/7/2017
14:18
Another article: "During May, buy-to-let activity was driven by remortgage lending, which accounted for over two thirds of total lending. The number of loans for buy-to-let property purchase advanced in May remained low compared to activity seen before the change on Stamp Duty introduced last April. The Sales Director of OneSavings Bank, Adrian Moloney, responds to the latest figures: “It’s steady as she goes for total buy-to-let lending. Purchase demand has been affected by a raft of recent tax and regulatory changes, which came into play this year, discouraging some amateur landlords. However, remortgaging activity is buoyant and its popularity is unlikely to wane in the face of landlords’ growing tax burdens, while many can still capitalise on record low interest rates to reduce their outgoings. “As the industry looks ahead to PRA II [Prudential Regulation Authority Phase 2], we may see somewhat of a surge in activity, as investors look to complete deals before further changes come into play for portfolio landlords.”
che7win
21/7/2017
14:11
I suppose all the company can do is to keep reiterating lending activity growing for them and a spike expected going into September followed by ongoing business coming OSB's way as others avoid the PRA changes. 15% growth expected this year, I guess Citi has noted that in their upgrade.
che7win
21/7/2017
14:06
Market is a fickle thing, Moloney's comments kind of give the game away: hTtp://www.mortgagesolutions.co.uk/news/2017/07/20/prepare-belt-tightening-market-plateaus-uk-finance/ "Adrian Moloney, sales director of OneSavings Bank, added: “The mortgage market has faced its fair share of challenges in recent months, but despite these headwinds, lending activity continues to grow. “On the one hand, real incomes are being squeezed as rising inflation overtakes the pace of wage growth, which is going some way to weaken demand for new purchases, but there remains a strong undercurrent of remortgaging activity as people look to take advantage of low mortgage rates driven by rock bottom interest rates.” Moloney predicted that there may be a summer activity spike as landlords come to terms with the impending PRA changes."
che7win
21/7/2017
13:57
Yesterday's rise so easily reversed, the reason for yesterday's rise - see below and next post (btw Shawbrook has been taken over so it's unlikley to move!): Mid-cap lenders OneSavings Bank and Virgin Money were higher, in line with some of their larger peers, on the back of strong UK mortgage lending figures. However, other challenger banks such as Shawbrook and CYBG were only slightly better than flat. Gross mortgage lending reached £22.1bn in June, the Council of Mortgage Lenders revealed, which was up 9% on May’s lending and 3% higher than in June last year. Gross mortgage lending for the second quarter of 2017 was estimated at £60.3bn, which is up 3% on the first quarter of this year, up 6% on the second quarter of 2016 and the best Q2 for nine years. "We just love these numbers," said Investec analyst Ian Gordon, "so much for 'election wobbles'. At the risk of restating the obvious, we see this as overtly positive for Virgin Money – which is growing the fastest – and for Lloyds – which is the biggest. Taken together, with Bank of England data showing improved pricing in May/June, this is simply wonderful."
che7win
21/7/2017
12:00
Thanks rHatton, the Citi broker note is an upgrade to buy: Date Broker Recommendation Price Old target price New target price Notes 21 Jul 17 Citigroup Buy 384.40 - - Upgrades
che7win
21/7/2017
10:48
Two broker notes this morning. Peel Hunt says buy but reduces the TP to 425 Citi upgrades to neutral but no TP
rhatton
20/7/2017
10:50
Bowling chart, when it broke 383p it was a good sign Monday. Then yesterday, it fell back and tested it. Now its onwards and upwards, results out 23rd August. As I said, I've talked to the company and they would have to announce if there was a change to the trading update they released 3rd May. End Sept changes are going to bring more business OSB's way is their expectation. PAG also moving up strongly, ALD already bounced past couple of weeks.
che7win
19/7/2017
20:03
hTtps://www.ftadviser.com/mortgages/2017/07/19/interbay-enters-bridging-market-with-0-44-rate/
che7win
14/7/2017
12:33
20, 000 buy just gone through. US banks reporting season, ALD, PAG, LLOY all pushing up
che7win
13/7/2017
18:43
Added a position here today
rhatton
11/7/2017
20:14
I have PAG on forward PE of 9. However still that indicates on forecasts that OSB is better value and OSB's PEG ratio looks undervalued by some 16% or so. I do think PEG is a handy ratio for growth stocks although with all things based on brokers forecasts we do find oursleves looking at moving targets. OSBs have a tad drop in the recent earnings estimates whilst PAGs are slightly up. Of course reversion to mean may indicate this is a good time to take advantage of broker variances.
thorpematt
07/7/2017
08:16
I thought OSB was on a similar valuation to PAG on P/E ratio, but seems I was wrong. Checking the valuation here, PAG on a forward P/E of 10.2 for 2017 and OSB on P/E 7.6. So OSB would be valued around 459-500p for similar valuation to PAG.
che7win
05/7/2017
16:47
Big buys late on
divinessence
05/7/2017
08:18
Credit Suisse 450p target reiterated today.
che7win
04/7/2017
17:32
OSB: "It currently has the highest return on capital of any UK bank (44.61%) and the lowest cost to income at 25.37%" Http://www.thebanker.com/Comment-Profiles/Editor-s-Blog/UK-challenger-banks-punch-above-their-weight
che7win
03/7/2017
14:51
BTW, another bit of news I noticed over the weekend: httP://news.sky.com/story/bidders-line-up-for-6bn-bradford-bingley-mortgage-loan-sale-10932774
che7win
03/7/2017
14:46
UHOUND, sentiment does wonderful things.Numis have a sector wide negative broker note out today, negative on ALD, PAG, Virgin, OSB etc. They have always been downbeat.I did ring the company and spoke to them this morning.Without elaborating, I'm quite happy to accumulate into weakness.
che7win
03/7/2017
14:30
OSB, PAG & ALD - Share prices at 5 month lows even though companies reporting good business! Maybe the market see's trouble ahead? As ever sentiment driving prices and housing market outlook not so good which is a large part of the activities here.
uhound
30/6/2017
08:16
30 Jun 17 Credit Suisse Outperform 450.00p price target
che7win
29/6/2017
11:04
Think the market is finally clicking on, the banks are cheap. Not only that, the challenger banks are at the extreme end of cheap - P/E 7.5 here and 15% growth, too cheap! Consumer spending and mortgage figures out this morning, guess what, they are resilient - spending even with inflation increasing. US bank read across from last night also bowlicious! UK banking shares are benefiting this morning from developments in the US, where banks passed the second round of the Federal Reserve’s stress test. It opened the door to higher payouts to shareholders, and boosted confidence about the general health of the sector. Neil Wilson, senior market analyst at ETX Capital, said UK banking shares are enjoying the “US halo effect”. Banking stocks jumped on the open after regulators in the US gave the greenlight to higher dividends and buybacks, whilst the hints of a shift in tone from central bankers towards tightening is spurring hopes of higher interest rates again. HSBC led the FTSE 100, rising nearly 4% at the start of play. Standard Chartered rose 2%, while Barclays, Lloyds and RBS were all up more than 1%. With a big index weighting that HSBC boost powered the FTSE 100 higher, while gains for mining stocks as metal prices firmed also supported. The boost seems to have been the halo effect from the US, as all the major banks passed stress tests, which means they can now significantly raise shareholder returns. The Fed has effectively green-lighted up to $100bn in dividends and buybacks. US banks rose in after-hours trading as a result.
che7win
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