Osb Share Discussion Threads

[che7win] 03/1/2017 15:22

Lovely hammer formation today, very bullish.

[che7win] 31/12/2016 08:52

Just noticed, Investec 5th Sept broker note now expect OSB EPS 2016 of 41.06p moving up next year to 46.02p.

[che7win] 30/12/2016 11:40

Maz, Hard to time sometimes, but right on the uptrend now.I expect these to get to 400p, we shall see.If I wanted to short based on property, think I'd short DFS, chart looks poor.

[che7win] 30/12/2016 11:21

Maz, Yep, P/E 10 equals 400p share price.Earlier this month:OneSavings Bank rallied on Tuesday as RBC Capital Markets upgraded the stock to 'outperform' from 'sector perform' and lifted the price target to 355p from 305p on higher forecasts and lower cost of equity.The bank said its downgrade of the stock to 'sector perform' last month was premature and based on overly conservative estimates."Our downgrade was not based on anything wrong with OSB (to the contrary, we indicated that OSB 'continues to grow and to perform,' but we noted 'recent share price performance'). Now, based upon our increased forecasts and price target, we believe the shares are once again set to outperform."RBC reckons OSB can grow its earnings per share by 16% in 2016 and then a further 12% from 2016 to 2018.The bank said growth could be higher still if the net interest margin and cost or risk show greater stability than it assumes.It said the optionality offered by the balance sheet is significant, with its forecast of a Core Tier 1 ratio rising to over 15% by year-end 2018. As a result, it sees a good chance OSB will look to make selective acquisitions and/or increase returns to shareholders."It is our opinion that our higher forecasts present an achievable picture of the company's growth trajectory because we continue to assume a moderation in the net interest margin, an increase in the impairment ratio and slowing loan book growth."At 0943 GMT, the shares were up 5.7% to 332.90p.

[uhound] 30/12/2016 10:44

Gone short - I take an opposite view that in the short/medium term (6 months)this will go lower.

Interesting to see how this plays out.

[mazarin] 30/12/2016 10:10

I certainly agree you bought at a discount, well done. Whereas my buy just 24hrs earlier turned out to be not so well timed, but like I said, I take a medium term view. I suspect yesterday's fall was a result of the release of newspaper comment on perceived 'cooling' of London property prices for 2017.

[che7win] 30/12/2016 08:45

Added here, silly price at 331

[che7win] 28/12/2016 13:38

Maz, Good to know. SHAW is higher rated than the other two, so I never bought.

[mazarin] 28/12/2016 13:06

Yes, I have seen your Posts recently on my ALD thread, thanks. I would have liked to have said that I bought ALD back in June 16, but alas I didn't' - it was in fact much earlier and have still someway to go to get back into profit, but we're steadily getting there. Hey-Ho that's how it goes. Incidentally, I was also considering VM and SHAW, but decided in the end that OSB presented more upside potential.

[che7win] 28/12/2016 12:11

Mazarin, I also hold ALD :-)

[mazarin] 28/12/2016 11:37

Thanks chew7win, my 'buy' seemingly did create a mini 'blip' at around 11am, that as you rightly suggest is indicative of today's low volume. Also my broker is iii, who deal via 3rd a party broker and in consequence I end up paying a slightly higher price. I generally take a medium term view and have been watching OSB for some time, incidentally I also hold ALD that has been recovering well since last June's cataclysmic result.

[che7win] 28/12/2016 11:13

Mazarin, All the best, low volume seems to have presented an opportunity.

[mazarin] 28/12/2016 11:07

I have just bought in today in the belief OSB is about to catch up with the rest of the Challenger Banks. So we'll find out sooner or later

[che7win] 28/12/2016 10:08

SHAW up 0.7%, ALD up 1.80%, OSB up 0.1%.OSB, you have a lot of catching up to do.

[adamb1978] 27/12/2016 20:13

Was thinking about it more since my post above. CFO (not CEO) sold a minority of her holding, whilst the other three were management/executive committee type level, rather than plc board level so the amounts would have been more material to them and they may not have been fully aware of how the company is performing. On reflection therefore, I'm more relaxed about it, particularly looking at the last trading statement and current multiples

[ayl30] 27/12/2016 16:48

Ch Exec sold 25% of her shares following recovery in share price. Whats wrong with that - she still has 75%

[joe say] 27/12/2016 10:15

Good question- would also appreciate any relevant views here

[adamb1978] 24/12/2016 14:57

Surprised that there hasn't been more discussion on here about the 4 director sales on 6 December. Is there an obvious reason which I'm missing and which explains who no-one is concerned about it?

[che7win] 22/12/2016 23:39

Port,
Just following the chart, it should bounce off support, at least I hope so.

[portermj] 22/12/2016 18:14

Can't understand the share price last few days????? Anybody why

[che7win] 22/12/2016 09:07

Shaw at P/E 10 roughly, for OSB to be at same rating would mean 400p.

[che7win] 21/12/2016 16:14

This looks a good bounce point for me, added.SHAW and ALD both strong today.

[portermj] 20/12/2016 21:13

Surprised me , let's hopefor more

[hutch_pod] 20/12/2016 19:06

Decent bounce I thought