Osb Share Discussion Threads

[luckymouse] 01/9/2015 12:39

Too strong for em

[nurdin] 29/8/2015 14:42

Dont see any reference to OSB in your link mazarin.Also your post is in sharp contrast to that narrated by Citywire.Perhaps youd like to check your link?

[nurdin] 29/8/2015 14:09

OneSavings goes from strength to strength even as market corrects
‘Supernormal’ returns and cost efficiency means Investec analyst Ian Gordon remains a buyer of OneSavings Bank (OSBO).

Gordon retained his ‘buy’ recommendation and target price of 365p on the shares, which rose 10.1% to 350p yesterday.

‘We believe that OneSavings Bank remains a story of strong balance sheet growth with “supernormal” returns (31% underlying return on equity in H1 2015) underpinned by exceptional cost efficiency metrics and highly attractive market economics,’ he said.

‘In H1 2015, profit before tax grew 88% year-on-year to £46.6 million. This reflected 34% growth in customer loans… a cost-income ratio of 26% and inconsequential impairments of £4.9 million. OneSavings Bank has materially outperformed during the recent market correction, but we remain buyers.’

[mazarin] 29/8/2015 11:01

Investec downgrade to Hold but retain their of target of £3.65, for further info see:

[nurdin] 28/8/2015 13:11

Yes sorry Mike...jinxed it !

[mikeja] 28/8/2015 08:54

nurdin,you should know better by now,no prognostications please

[bamboo2] 27/8/2015 18:12

SP failed to make the headway I had hoped for so sold at b/e. Will wait for new pattern and target to present itself.

[nurdin] 27/8/2015 15:49

Next leg up brewing me thinks

[bamboo2] 27/8/2015 08:07

Bought them back for another try at 360.

[mazarin] 27/8/2015 07:49

As expected ALD have this morning produced some excellent results, so now I anticipate a favourable 'Market response' today.

[bamboo2] 26/8/2015 21:21

o/t Hi mazarin, thanks for the reminder. I have looked at the ALD chart and it shares some similarities with OSB, but triangle pattern is not yet confirmed. I will look in in the morning to see how the interims look, then take a view.

What are your expectations?

[nurdin] 26/8/2015 16:06

Rerating in progress

[the skunk] 26/8/2015 16:05

Shooting up here today, good to see amongst all the malaise.

[mazarin] 26/8/2015 13:22

Bamboo2 have you considered ALD, they're reporting tomorrow?

[hutch_pod] 26/8/2015 11:41

Great to see the market respond well to good results :)

[bamboo2] 26/8/2015 11:29

Sold out for 15% in a few days.

[luckymouse] 26/8/2015 11:03

V strong interims
PBT +60%
ROE 30%

That'll do the biz

[mikeja] 26/8/2015 09:53

True nurdin,but I only go on the known facts.If he does I think we could see a strong upward leap.

[nurdin] 26/8/2015 09:34

Yes great results and on target to at least meet brokers estimates for the current year of 31.1p. ALNC reports that Numis are likely to raise full year forecasts on the back of the H1 results so your prediction for the H2 may well be right Mike.Press rumors also suggests that Osborne will lift the thresh holds for the new levy in order to help out challenger banks.Should that happen then next year eps could rise much more than 10% that you suggest.

[bamboo2] 26/8/2015 08:55

mike, thanks.

Having reached the objective on the throwback, it's possible that the chart has made a Cup and Handle pattern with a new target of 360. The share price needs an eod close above 333 to confirm the target.

[mikeja] 26/8/2015 07:50

One of the most important figures is ROE which at 31% remains very high.The importance of this is that retained profits will continue to push profits up faster than with other rivals,it also shows exceptional management.

[mikeja] 26/8/2015 07:15

Excellent interims, £47.6m of first half profit and eps of 15.5p.Exactly as I expected. I expect second half of £55m and eps of 17.5,meaning shares are currently on p/e of 9.5. Next year there will be a drag fom the bank levy so eps may only be up 10%. They remain ridiculously undervalued both in relation to other challenger banks on p/es of 14 to 18 and in relation to the market generally.

[bamboo2] 25/8/2015 12:27

Hi mikeja and Nurdin, what are you expecting from the interims?

[bamboo2] 25/8/2015 12:07

Looking for a minimum of 332 from the throwback low.

[nurdin] 25/8/2015 11:55

Excellent rebound from the recent lows.Prospective PE still around 9x. Cheap as chips.