Osb Group Plc

0.50 (0.1%)
Share Name Share Symbol Market Type Share ISIN Share Description
Osb Group Plc LSE:OSB London Ordinary Share GB00BLDRH360 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.50 0.1% 525.00 635,297 16:35:20
Bid Price Offer Price High Price Low Price Open Price
525.00 526.00 530.50 517.00 517.00
Last Trade Time Trade Type Trade Size Trade Price Currency
17:54:57 O 664 525.00 GBX

Osb (OSB) Latest News (1)

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OSB is a large holding in the following funds:
 Fund  Percentage of Fund  Last Updated 

Osb (OSB) Discussions and Chat

Osb Forums and Chat

Date Time Title Posts
08/6/202313:27OSB-a hidden gem1,191
21/10/201911:59OneSavings Bank9

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Osb (OSB) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-06-08 16:55:16525.006643,486.00O
2023-06-08 16:45:02525.052,47713,005.56O
2023-06-08 16:31:11525.753,07116,145.72O
2023-06-08 16:29:39525.111,7439,152.67O
2023-06-08 16:23:27526.051,4327,533.02O

Osb (OSB) Top Chat Posts

Top Posts
Posted at 08/6/2023 13:27 by 1318myl
Hi all, does anyone know when OSB will announce the next update? Hopefully it will be good or as good as the Paragon update.
Posted at 17/5/2023 10:25 by thamestrader
Nice divi, thanks OSB
Posted at 17/5/2023 09:46 by apple53
PEG ratios don't normally work for banks. The big swing factor is normally provisioning, which is normally low ex-post, while any analyst worth his/her salt will have provisions (at least) 'normalising' (ie to cross-cycle levels) over the next year or two, which will inherently depress the eps growth rate. However, as long as analysts do this then the forward PE (let's say 2024-5) should be a good indication of underlying value. And with OSB's super low cost income ratio one can even put provision charges on 50% above cross-cycle to allow for some housing market challenges, and it will still be ridiculously cheap.

For me the challenge is allocating cash across the bank sector as they are all so cheap. I think STB is cheapest below £7 so my largest holding, but a decent bounce and I would shift a chunk to OSB (while keeping an eye on Virgin and even Barclays).

I'd say OSB is the most bullet proof listed financial in the UK in terms of earnings (not share price, since market doesn't get this). Check out where financials' shares are vs Covid low. All bounced like crazy but on a quick check I think OSB has done best (in holding on to its rebound).

Posted at 03/5/2023 07:05 by rcturner2
Decent trading update from OSB today for Q1. Raised full year guidance.
Posted at 23/3/2023 09:01 by jonnybig
Time for osb to hoover up all the cheap ex div stock.
Posted at 17/3/2023 01:24 by apple53
Has been a growth stock for ages, but never got a growth multiple (ie 15x!). Maybe it's not a growth stock any more - loan growth guidance suggests zero real growth. Meanwhile, 2022 hiring will hit fully in 2023 and put CIR at 29% (expected), higher than I can remember, but still ridiculously low meaning earnings are extremely resilient against (credit) shocks.
Even if not a growth stock it is surely worth a US regional bank multiple (10-12x I guess but maybe a bit lower now).
Really pleased to see them beginning to build up provisions despite not actually needing them (yet) as it was always a criticism that earnings were overstated due to low/zero/negative credit charge.

The buybacks are sustainable for years, especially with lower loan growth.

I can't remember if they did them too quickly last time. I should check.

I switched some STB in to an already large position at £5 (when STB £8), but not enough. Also switched some STB to IQE, more fool me.
I have learnt to 'trade' OSB, but want to be disciplined and wait for £6 before seeing if there is anything more attractive.

Posted at 16/3/2023 08:46 by curriedquaker
Special dividend of 11.7p on top of the 21.8 p makes an attractive 33.5p to be paid in May on top of the £150m share repurchase.
Posted at 27/1/2023 19:56 by petewy
Yes banks were featured in the IC Lloyds etc but no mention of OSB and ARBB
Posted at 03/11/2022 07:17 by masurenguy
OSB (LSE: OSB) is a lender specialising in professional buy-to-let and residential mortgages. The group is one of a handful of so-called challenger banks that emerged after the financial crisis. With a market capitalisation of around £1.8bn, it is relatively small compared to the big high street banks, which means it tends to fly under the radar of most investors. Its size has not held it back. Since 2016, the group’s loan book and value of customer deposits have nearly quadrupled in size. Meanwhile, operating profit has increased from £163m in 2016 to £465m.

As profits have grown, OSB has been able to return more cash to investors. Its dividend per share more than doubled between 2016 and 2021 and is expected to hit 35p in 2023, giving a projected dividend yield of 8.3% on the current share price. Shares in OSB are also selling at what appears to be a dirt-cheap multiple of just 4.5 times forward earnings and a price/book (p/b) ratio of below one.

The stock has been under pressure recently following the now-defunct mini-Budget at the end of September. As a specialist mortgage lender, OSB is highly exposed to higher mortgage rates and possible defaults if borrowers are struggling to meet their repayments. It seems likely the business will have to deal with loan losses as interest rates rise, but it should also benefit from higher interest rates.

The company reported a net interest margin (the difference between the rate it pays to depositors and charges borrowers) of 302 basis points in the first half of 2022, up from 268 basis points in the same period last year. As this margin expands, it should feed through into OSB’s bottom line. On top of its rising profit margins, OSB also has a healthy balance sheet with a tier 1 equity capital ratio (a measure of banking solvency) of 18.9%. That’s far above the regulatory and industry minimum which averages the low double-digits. As dividend stocks go, OSB appears to tick all the boxes."

Moneyweek: 2 November 2022

Posted at 15/8/2022 21:38 by pj84
Shore Capital: OSB valuation is ‘inappropriate
Shares in challenger bank OSB (OSB) are ‘materially undervalued’, according to broker Shore Capital.

Analyst Gary Greenwood retained his ‘buy’ recommendation and 800p ‘fair value’ target price on the group previously known as OneSavings Bank, which was trading 2.1% higher at 589p on Friday afternoon.

The group reported rising profit growth in the first half of the year, boosted by rising interest rates and a growing loan book.
‘OSB shares are broadly unchanged year-to-date and currently sit 10% off their 12-month high,’ said Greenwood.

‘Our current fair value of 800p offers 46% upside to the current share price. OSB is a very solid business that is delivering a sector-leading return on equity despite being extremely well capitalised. In this regard, we view the current stock rating as being totally inappropriate with the shares materially undervalued at the current level.’

Greenwood added that management acknowledged the uncertain outlook but is ‘confident in the prospects for the group nonetheless’.

Osb share price data is direct from the London Stock Exchange
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