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OSB Osb Group Plc

377.40
0.60 (0.16%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Osb Group Plc LSE:OSB London Ordinary Share GB00BLDRH360 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.60 0.16% 377.40 376.80 377.40 378.80 370.40 370.40 776,384 16:35:29
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Osb Share Discussion Threads

Showing 726 to 748 of 1425 messages
Chat Pages: Latest  33  32  31  30  29  28  27  26  25  24  23  22  Older
DateSubjectAuthorDiscuss
13/6/2017
08:47
The market looks forward, maybe things cannot get any better than they are now ??
basem1
12/6/2017
16:07
Future financer,
You made a good post there, this is down to the election and sentiment. You work in the industry or know more than me I'm sure.

However, I've spoken to the company today and although nothing market sensitive can be discussed, nothing has changed since the trading update as far as I can see and hear (read last months trading update to be reminded how strong business is).

DYOR

che7win
12/6/2017
15:59
che7win - see my post 703
future financier
12/6/2017
15:35
Interesting times, especially when they are expanding so fast:
che7win
12/6/2017
15:14
Time to get out was when the stock was 20% higher, probably a bit late now.
its the oxman
12/6/2017
14:23
Yet despite these positive comments the price keeps falling... Down nearly 20pc in the last couple of weeks since JC Flowers offloaded their stake. Suggests the market knows something we don't, time to get out I think.
rcb99
12/6/2017
10:32
Broke support right
mj19
12/6/2017
09:56
Onesavings Bank
OSB
Jefferies International Buy target 512.00p Reiterates

che7win
09/6/2017
12:29
Lloyds and Aldermore recovering steadily, OSB as usual lagging.
che7win
09/6/2017
11:45
Right on support. Hopefully bounce from here. What a difference a day makes!
volsung
09/6/2017
11:23
Mmmm, worries about anything construction and property related today. I've put a buy in for 2500 for £10k inc costs and stamp.
basem1
09/6/2017
09:57
Nice opportunity to trade these, I'm buying in just above 402p
che7win
08/6/2017
15:21
Old mutual adding.
che7win
08/6/2017
11:32
Lovely bounce off support, now to get back to 475p, business booming here.
che7win
07/6/2017
13:28
Bought a few of these on the dip
volsung
05/6/2017
08:48
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.

future financier
05/6/2017
08:09
Fellow challenger bank SHAW receives increased takeover offer today.
che7win
03/6/2017
12:37
Thanks, che. Excellent research. It looks like we have an excellent opportunity to acquire shares at a bargain price.
roundup
03/6/2017
07:18
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
07:13
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
06:55
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.

che7win
01/6/2017
20:18
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.

thorpematt
01/6/2017
10:40
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"."

che7win
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