Osb Share Discussion Threads

[irishmatt] 11/11/2020 15:32

Looks overshooting to me, I've sold out now. Would love to get back in again on a pull back though

[energeticbacker] 25/9/2020 15:31

FTSE 100 banks have proved a woeful investment since 2008. Should income investors focus on FTSE 250 lenders instead?

Investor's Champion has selected two mid-cap players for our latest research including OSB, each of which has a specialist focus. Both of these lenders have delivered consistently higher returns on equity than the big FTSE 100 banks in recent years. So far at least, that appears likely to remain true in 2020.

[deadly] 27/8/2020 09:24

well market likes it very much, up 17%. I've thought these were too cheap for a long time.

[irishmatt] 27/8/2020 07:32

It's very quiet in here. Results looked decent in my view so will see how the market reacts this morning

[petewy] 06/5/2020 12:17

Big move up. Trend?

[irishmatt] 06/5/2020 09:07

Agree, looked good to me too

[salamander69] 06/5/2020 08:56

Looks a good trading update to me (Given the circumstances) - surprised its not picked up more attention

[future financier] 28/4/2020 09:51

First of all - if the payments holiday is agreed with the lender in advance then this does not represent "arrears" - so will not automatically trigger a requirement to set aside loss reserves.

Secondly assume the borrower takes a 3 month holiday then this will add around 1% to the amount he owes and this in turn will create a 1% rise in the amount he has to pay thereafter - this should not of itself be a major problem for most BTL borrowers.

If the borrower is unable to make payments then bank re-possesses property (in last resort) and has the cushion on having loaned only c. 75% of value. So long as property values do not crash too heavily this should enable bank to recover its loan.

You have only to look at the results of PAG in the financial crisis to see that a well run BTL lender need not lose money even in a severe down-turn.

[cc2014] 28/4/2020 09:36

I wish I could answer your question more clearly but this is what I think happens (regardless of whether it's a residential mortgage or BTL mortgage)

Banks will have to assess the level of impairment they need to make for mortgages in arrears. The level of impairments I'm sure would be based on some formulae agreed with the auditors which they have been using for years. The formulae must be largely based on the percentage of mortgages in arrears, the size of the mortgages and the number of days in arrears.

The loss has to be brought into the accounts at the soonest opportunity.


So, yes there's going to be a huge gap in all banks profits. The market appears to me to have very different views about how large this gap will be.


I am quite bearish on this and sold all my banks at pretty depressing prices (but not as low as they are now).

[onjohn] 28/4/2020 09:32

Good point.
But cash flows will be carp presumably and most of the BTL owners that OSB has on its books are highly leveraged. So even small drop in equity values will wipe them up

[future financier] 28/4/2020 09:29

So long as they believe that the borrowers will re-start payments (at a higher level in order to cover the shortfall created by the payment holiday) then there is no loss to the company. Losses will arise only if borrowers default.

[petewy] 01/4/2020 20:46

Is the div cancelled along with other banks

[onjohn] 25/3/2020 14:02

430p target

[dendria] 20/3/2020 09:57

Bought a small slice at 224. Ex-div next week - final div = 11.2p.

[outlawinvestor] 19/3/2020 14:46

@deadly: agreed. I only read the headlines and outlook w.r.t. COVID-19 and thought it was positive. The concern AFAICS is the wider economy if people lose jobs. But seems overdone to me also.

[deadly] 19/3/2020 09:59

Results look ok to me. Fall 22% today???

[jack121212] 18/3/2020 10:29

why down so much???

[onjohn] 16/3/2020 10:50

liquidity crisis

[2toptrader] 25/2/2020 14:25

Multi year chart resistance at this level, short sell. Target 350.

[onjohn] 23/2/2020 15:15

Investec forecasts earnings of 60.9p per share this year, and 75.1p in 2020.

[wton1] 19/2/2020 12:03

Sniffling these up

[petewy] 24/1/2020 12:15

Hopping about a bit.

[petewy] 13/12/2019 12:26

Bit of a lift (10%)

[mazarin] 28/10/2019 12:50

OSB had a fairly rickety time throughout last week and today is down to 367, it appears to have not taken EU’s offer of flextension too well a present. I’m currently out since £4.01 and waiting to see what unfolds in the ‘House of Cards’......It’s anyone’s bet which way they’ll go right now.