Osb Share Discussion Threads

[volsung] 09/6/2017 12:45

Right on support. Hopefully bounce from here. What a difference a day makes!

[basem1] 09/6/2017 12:23

Mmmm, worries about anything construction and property related today. I've put a buy in for 2500 for £10k inc costs and stamp.

[che7win] 09/6/2017 10:57

Nice opportunity to trade these, I'm buying in just above 402p

[che7win] 08/6/2017 16:21

Old mutual adding.

[che7win] 08/6/2017 12:32

Lovely bounce off support, now to get back to 475p, business booming here.

[volsung] 07/6/2017 14:28

Bought a few of these on the dip

[future financier] 05/6/2017 09:48

Kent Reliance had been on a one month turnaround time only 5 weeks ago - but currently running at around one week.

Crucially the boom in business that gave rise to the backlog of new business was achieved without the need to cut their pricing - and the recent improvement in service standards has been achieved without taking active steps to deter new business (although some will have been lost as brokers moved some business elsewhere in response to KR service problems). The improvement in service standards should ensure that volumes pick up again quickly.

This is all positive for the next results - although do not expect the effect on profit to be dramatic - there is a massive back-book where they earn most of their money. However if they are able to maintain current volumes and current pricing then over a 2 - 3 year period there will be a very significant improvement in bottom line.

[che7win] 05/6/2017 09:09

Fellow challenger bank SHAW receives increased takeover offer today.

[roundup] 03/6/2017 13:37

Thanks, che. Excellent research. It looks like we have an excellent opportunity to acquire shares at a bargain price.

[che7win] 03/6/2017 08:18

Earlier on 2nd June before my previous post:Current service position: These changes have helped us to significantly reduce the backlog, as we are currently processing applications received from 22 May.Seems they didn't expect so much business!

[che7win] 03/6/2017 08:13

Business booming:


Changes to our processes
/
Kent Reliance

We've been making some changes
The last few months have been extraordinarily busy, and this has impacted the level of service we have provided for you and your clients. We wanted to let you know that we have been making important changes to our services in order to meet the requirements of our broker partners.
The changes we've made include:

Doubling the size of our broker liaison team to support the high level of demand
Simplifying some of our internal processes to speed things up
Significantly increasing staff numbers in our underwriting team

These changes have helped us to improve our service, and we are currently processing applications received from 26 May 2017.

We hope you are pleased with the changes we’ve made. Our team are continuing to work tirelessly to deliver the best level of service possible.

For more information, please visit our website or contact your Business Development Manager.

Kind regards

Adrian Moloney
Sales Director

Kent Reliance - OneSavings Bank plc

[che7win] 03/6/2017 07:55

Thorp,
Onesavings - Kentreliannce seem to be overly busy in this market, bodes very well, the market is ignoring this:

Business must be booming for such expansion, this comment says it all - "we have been extraordinarily busy recently":



I mean, they say "We've doubled the size of our broker liaison team to support the high level of demand", says it all really. Ignore headline BTL news, OSB is cleaning up on business methinks.

[thorpematt] 01/6/2017 21:18

Historically the housing market has a terrible lull pior to general elections. It distorts stats for housing prices, lending etc.

Invariably, once over, the tendancy is for things return to the previous trend...so often a shrewd time to purchase stocks related to such such lulls.

[che7win] 01/6/2017 11:40

I think the market is nervous and slowing due to the UK elections.

Housing market may slow a bit, but margins are increasing on BTL lending. Interest rates rising will increase OSB profits.

You will recall the OSB statement less than ONE month ago, they know the H1 results are going to be good - their lending was at records, despite BTL slowdown this year. They are nabbing business and sufficiently confident to be increasing their rates selectively.

Their trading statement 3rd May:
"OneSavings Bank plc ('OSB'), the specialist lending and retail savings group, today issues its trading update for the period from the 1st January 2017 to date.

Highlights

Strong financial and operational performance has continued in the first quarter.
Loan book growth of 5% in the first quarter with net loans & advances growing by £283m to £6,222m.
Organic origination of £599m in the first three months of 2017 with margins remaining very strong.
The Group has drawn a total of £451m under the Term Funding Scheme (TFS) and drawings under the Funding for Lending Scheme (FLS) have been reduced to £525m.
Business growth continues to be supported by a strong capital position.
Andy Golding, CEO of OneSavings Bank, said:

"I am delighted with the performance of the business so far this year. We achieved £599m of organic origination at attractive margins during the first quarter, and enjoyed exceptionally strong levels of new mortgage applications, a trend that has continued into Q2. This further demonstrates the strength of our specialist capabilities, which line up directly with the continuing professionalisation of the Buy-to-Let market. We remain confident of achieving at least mid-teens net loan book growth in 2017"."

[basem1] 01/6/2017 10:48

Just a word to the wise before going in big here and I do like the stock. House prices have fallen for the 3rd month running, albeit by only 0.2%. This is the first time since 2009 this has happened. Also the American banks are posting cautious statements. All taken from this mornings market report from ADVFN. Sentiment might actually drive this lower ?? I'm not looking for a cheaper entry point as my comments on a sets stick like this won't make one iota of difference.

[che7win] 31/5/2017 17:04

Yep,
I'm buying at these levels, a unique opportunity IMHO.

Buy to let is becoming more specialist, you will find OSB is raising its rates to turn away business right now as the main players lag behind in adopting the new rules.



Buy to let slowdown headlines miss the opportunity for OSB, buy to let margins are currently increasing quite nicely.

£5 target here seems fair, election bounce will be massive if Torys get in next week. DYOR.

[basem1] 31/5/2017 15:35

Yes I'm waiting for £4. Looks a nice stock, this.

[calahan] 31/5/2017 15:32

This is turning into quite a fall from the recent high. I topped up last week at just under 430p, but looks like my timing could use some work (as usual!). The ascending channel seems to be broken now so guess the next question is whether 400p will provide support or not, since at the moment the share price looks destined to fall back to that price (I'll likely top up again if it does, and hope my timing is better at the second time of asking).

[future financier] 25/5/2017 17:31

Painful drop - but in reality just given up the gains that it made in the past month.

[che7win] 25/5/2017 16:16

Looks like its right on the support channel of a rising trendline.
Should rise from here to stay in the uptrend.

Liberum Capital reiterates 495p target today.

[roundup] 25/5/2017 16:05

We have a second chance to get some more at a bargain price.Had two bits today.

[ayl30] 24/5/2017 17:30

Share placing - J Flowers selling down

[che7win] 10/5/2017 11:42

AGM today, must be good vibes.