Osb Share Discussion Threads

[parob] 06/11/2024 08:44

Still a fair few to go:The Group has repurchased £32.1m worth of shares under the £50m repurchase programme announced in August.

[jonnybig] 06/11/2024 08:41

Great thing about buybacks is that a huge amount of loose shares are hoovered up meaning tight stock meaning a strong surge like we're seeing now. Looking good 👍

spud

[parob] 06/11/2024 08:24

Perhaps we will see a swift recovery after that update. Obviously much better than the market was anticipating and even here a very attractive dividend on offer.

[jonnybig] 06/11/2024 08:09

Cannot see anything wrong with the update. Very solid and nothing to worry about. Hopefully we'll now see a recovery.

spud

[lord gnome] 06/11/2024 07:55

Yes, the update looks solid if not exactly shooting out the lights.

[xamf] 06/11/2024 07:09

Q3 looks fine to me. CET 1 over16% and nothing of concern in their outlook (despite increases to stamp duty). Hopefully the market will be reassured. I've only recently bought in here and would welcome the opinion of more experienced OSB'rs.

[jonnybig] 03/11/2024 14:22

Trading update on Wednesday, when it'll either advance 20% or crash 20% lol

spud

[thebutler] 01/11/2024 11:29

This is one of the best trading shares on the market. An undervalued small cap with tight stock, helped by a consistent buyback, means it could rally very strongly in no time (but on the flip side drop like a stone if there's a chunky offload) so it's playing the swings. Must admit I didn't think it would drop this low though!

[aishah] 01/11/2024 10:54

Good to sweep up cheap shares via buybacks. I held back buying pre budget but metrics look good here to reinvest

[parob] 01/11/2024 08:59

Well the dividend is even more attractive now.

[parob] 17/10/2024 09:00

Also in a world of low inflation and low interest rates companies with big dividend yields become very attractive.

[parob] 17/10/2024 08:57

Should finally sail through 400p soon with interest rates expected to come down.Larger banks may be looking at this too whilst cheap. Fingers crossed 600p+ if they do pounce.

[parob] 16/10/2024 07:53

Two interest rate cuts before Christmas 'now in play' after bigger than expected inflation fall

[dil 21] 04/10/2024 17:00

Had a few myself earlier this week.

[parob] 04/10/2024 13:08

Wouldn't be surprised to see a buyout of this bank whilst it's cheap. Hopefully 600p +.Very attractive dividend too.

[jonnybig] 04/10/2024 12:51

Good US payroll data giving markets a boost. OSB stock tight and with the buyback this could see a strong rally mirroring the recent crash. A great trading share this is.

spud

[parob] 01/10/2024 15:33

Another close above 390 :)

[parob] 26/9/2024 07:16

If we can get a couple of closes above 390p we should hopefully see another move up. Dividend remains very attractive around here.

[parob] 23/9/2024 11:09

Blackrock TR1. Over 5%

[pj84] 23/9/2024 09:12

Threadneedle: OSB Group deserves more

Investors are overlooking the fact that OSB Group (OSB) is trading profitably and focusing on short-term volatility, says Columbia Threadneedle’s Julian Cane.

The Citywire Elite Companies AA-rated challenger bank is a top 10 holding in Cane’s CT UK Capital & Income (CTUK) trust, where it makes up 4.4% of the £380m portfolio.

The trust’s performance was ‘adrift’ in August, which was ‘entirely down to the performance of one of our larger holdings, OSB Group,’ said Cane.

‘Its share price had been very strong – up 20% in July – and was so perhaps a bit over-extended into results, which proved to be disappointing, leading to the share price falling 26.5%,’ he said.

Despite the poor results, Cane said the group is ‘trading profitably – indeed more profitably than mainstream banks’ but ‘many investors are very focused on the volatility of short-term warnings’.

‘While frustrating, we continue to believe that the attractive returns generated by OSB Group should be more highly rated,’ he said.

The shares softened 1.4% to 378.5p at the end of last week.

[aishah] 20/9/2024 12:01

Added too. Yield 8%, p/tang bk 0.68, fcst p/e 4.6 and peg 0.6

[xamf] 20/9/2024 10:56

Bought back in today. Have done well previously with OSB. Cracking fundamentals (cash rich/low pe/good eps growth) makes it a takeover play at these levels imo plus share buyback programme an added bonus..

[lord gnome] 12/9/2024 07:27

In demand again this morning. I've added for the last time. The bottom is in barring something out of left field.

[parob] 12/9/2024 07:25

Expecting this to recover a little faster now the bottom's been hammered in.Very attractive dividend and good capital growth potential from this price imo.Plus always the possibility of a takeover.

[parob] 05/9/2024 10:13

Fingers crossed the bottom has now been hammered in.