Osb Share Discussion Threads

[its the oxman] 09/7/2018 10:11

Sold today 448p. Still cheap tho.

[uhound] 17/5/2018 17:41

I think you'll find OSB are in the mass market for BTL, but as you say are also in the Ltd company space too.

Ltd co. lending has increased and for OSB, but will not replace the lost business from the mass market. There is increasing competition also for this Ltd Co. space with lenders dropping rates to win business which IMO will hurt growth here.

I have been bearish here for a while as you say Che7win and so far have managed to trade in and out for a decent return. Anyone else who bought in a year ago would be pretty fed up right now!

I don't post or follow this board that closely but I recall you bailed out a while ago yourself despite being the most vocal bull on here.

Would welcome convincing argument why this company is at a bargain price now.

[che7win] 17/5/2018 16:26

UHOUND,
maybe some day you will be right, you have been saying this for 1.5 years.

[future financier] 17/5/2018 16:02

Yes but OSB/Kent Reliance are not in the mass market for BTL - they are in the specialist space (limited companies etc.) which is still growing. No worries - yet .......!

[uhound] 17/5/2018 15:06

Will filter through to the figures at some point.

hxxps://www.landlordtoday.co.uk/breaking-news/2018/5/sharp-decline-in-buy-to-let-lending-as-tax-and-tougher-mortgage-rules-bite

[future financier] 10/5/2018 07:11

Stunning - if there is that level of demand make s you wonder why they sold at big discount last time around.

[cwa1] 10/5/2018 06:51

Another 19 million Flowers' shares placed at a very solid, minimal discount to market price, of 416p. Must be decent demand for these at the moment.

[cwa1] 09/5/2018 07:43

Of little consequence but PH have upped their share price target price from 445 to 470:-

09 May Onesavings Bank Peel Hunt Buy 412.30 445.00 470.00 Reiterates

[cwa1] 09/5/2018 06:45

Solid update:-


OneSavings Bank plc ('OSB'), the specialist lending and retail savings
group, today issues its trading update for the period from the 1(st)
January 2018 to date.

Highlights


-- Strong financial and operational performance has continued in the first
quarter.

-- Loan book growth of 5% for the three months to 31 March 2018 with net
loans and advances growing by GBP368m to GBP7.7bn during the quarter (31
March 2017: GBP283m and GBP6.2bn, respectively).

-- Organic originations of GBP689m, at attractive margins, in the first
three months of 2018 (Q1 2017: GBP599m).

-- As at the close of the Term Funding Scheme in February 2018, the Group
had a total drawing of GBP1.5bn.

-- 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.
Strong levels of applications led to the net loan book growing to
GBP7.7bn in the first quarter with new lending at attractive margins.

Our lending and retail savings franchises remain strong, and given
current levels of applications in our core buy-to-let and commercial
businesses, we are confident that we can deliver at least mid-teens net
loan book growth this year. There is no change to other guidance for
2018."

[its the oxman] 24/4/2018 13:19

Should be well over 400p here but market not keen to push the financials. Got to change at some point.

[future financier] 16/3/2018 10:11

Its the predicted fall in NIM from 3.16% to 3% in 2018. Does not alter the fact that the fall in NIM should have been known to the market - and the fall in share price is overdone in any case.

[mazarin] 16/3/2018 09:41

Yesterday, on reporting very good results by declaring increased profits and higher dividends, OSB inexplicably went into 'free fall' and dropped nearly 40p (amounting to nearly -6%) within just one day. It made no sense whatsoever, short of assuming some element of 'manipulation'. What was there not to like? Yet 'The Market' clearly decided otherwis from the start. I'm still left seeking answers and wonder, had the results been not so good, what would have been the outcome? What a 'fickle'and incomprehensible place it is...!

[mazarin] 15/3/2018 16:23

Yes, I had that in mind too, the timing is about right and from memory I think they last sold on 9th Jan. I'll wait to see RNS on this one. Incidentally ALD was finally withdrawn from The Market today, so as and when I get paid, I could consider buying more here. I'm am unsure how long it will take before funds are paid to holders, my Broker (ii) thinks it could take 2 weeks.

[che7win] 15/3/2018 12:11

Mazarin,Maybe Flowers will sell their remaining holding, that could be weighing on things.

[mazarin] 15/3/2018 11:01

It's not as though BoE's decision to reduce Bank funding facility in the future should have come as any surprise, so I consequently doubt this factor alone has spooked 'the market'. None of it makes any sense to me.

[its the oxman] 15/3/2018 10:50

Div and eps better than forecast I believe but banks are out of favour I guess. Brexit and slowing economy fears overdone and driving sentiment. Should bounce back in days ahead.

[che7win] 15/3/2018 10:10

Another set of good results, it must be the cost to income forecast rise spooking the markets:

[adamb1978] 15/3/2018 08:19

Yes, decent results. These guys quiety keep on executing and delivering

Only downer is the loss of the bank funding facility which will hit NIM this year, however OSB are always conservative in their guidance so in my view their comment provide a floor to NIM for the year, rather than where it will actually end up

[mazarin] 15/3/2018 07:39

These are certainly good results and I would expect them to be well received by the ‘market’

[ayl30] 15/3/2018 07:12

Results look fine to me, ratios stable or moving in right direction, nice divi

[mazarin] 09/3/2018 15:39

All noted - thanks, but its been flat-lining since July last year and I wondered if there's more to it? As ever, time will tell.

[future financier] 09/3/2018 11:27

maz - see my post 1027 from 28 December!

[mazarin] 09/3/2018 11:13

So what's driving this, when financials today generally are down? Can it be leaks or just 'optimistic anticipation' ahead of results on 15th March 2018?

[che7win] 08/3/2018 15:00

Its doing very well.