Share Name Share Symbol Market Type Share ISIN Share Description
S & U LSE:SUS London Ordinary Share GB0007655037 ORD 12 1/2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +29.00p +1.47% 2,000.00p 1,926.00p 2,000.00p 2,000.00p 1,999.00p 1,999.00p 2,340 12:02:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 60.5 25.2 170.7 11.7 239.57

S&U Share Discussion Threads

Showing 1376 to 1400 of 1400 messages
Chat Pages: 56  55  54  53  52  51  50  49  48  47  46  45  Older
DateSubjectAuthorDiscuss
11/8/2017
19:30
Steady as she goes.
chrismcglone
05/8/2017
23:27
It depends what you mean by "big ticket domestic purchases". "Advantage's average loan size is just GBP6,200" We're not exactly talking about people cashing in their pensions for a Lamborghini here! As I said before, SUS's market is lending to people who can't access mainstream credit markets for the necessities of life - a (modest) car, or whatever. That demand isn't dependent on the latest model or resale values.
jeffian
05/8/2017
21:11
I sense that there's a broader problem with companies that seem to be reliant on big ticket domestic purchases - eg houses and cars. The market now thinks that there will be a significant fall in demand - probably Brexit-induced but who knows? I hold few stocks in these sectors but would be interested if anyone can think of a stock of this kind that is doing well at the moment.
westcountryboy
05/8/2017
18:48
My concern here would be if the market keeps on failing to distinguish and if there is a drift into any PCP announcement Reaction to the results was pretty tepid and seems to be a background seller. Definitely interesting though - watching closely
dan_the_epic
05/8/2017
07:25
Thanks Jeff.Great interview.About time we got back on the upward track.Hope we get a decent dividend announcement increase in Sept.
plasybryn
04/8/2017
17:59
You will love this then ian:- hxxp:// www.proactiveinvestors.co.uk/companies/stocktube/7887/su-car-finance-subsidiary-still-driving-trade-upward-7887.html
jeff h
04/8/2017
10:30
I know you're not supposed to 'fall in love' with a share..... But I love this share!
jeffian
04/8/2017
09:31
Clearly the August silly season has arrived. Couldn't resist buying more at this price.
westcountryboy
04/8/2017
08:13
I am struggling to find a reason not to buy more - forward PE of less than 10x on an eps of 199p +20% yoy. Maybe higher interest rates might squeeze margins , higher unemployment ( no sign of that highest ever levels currently just when businesses have been holding back investment)
buffetteer
04/8/2017
07:26
Solid growth.Another exemplary performance.Well done.
plasybryn
04/8/2017
07:19
LOL. The usual excellent trading statement PLUS a succinct sweeping aside of all the major issues that are perceived to be holding SUS back: Advantage is not involved in the PCP market which has recently come under public scrutiny. Advantage's average loan size is just GBP6,200 so should changes in the PCP market have a knock-on effect upon car residual values generally, this would have only a marginal effect upon S&U's business. Funding fine. Debt fine. NO PCP. Trading excellent. What's not to like?
cwa1
04/8/2017
07:11
TRADING UPDATE AND NOTICE OF RESULTS S&U plc, the hire purchase motor finance and specialist lender, today issues a trading update for the period from its AGM statement of the 18 May to 31 July 2017. It will announce half year results on 26 September 2017. Trading Trading at Advantage, our motor finance subsidiary, continues at record levels. New loan transactions are up by 20% and monthly collections are 27% higher than a year ago. Monthly collections hit a record GBP10m from nearly 49,000 customers in July and debt quality continues to be good. Despite recent speculation as to the strength of the economy and its possible effect on the car finance market, Advantage has seen a steady increase in the number of quality applications it receives. Advantage is not involved in the PCP market which has recently come under public scrutiny. Advantage's average loan size is just GBP6,200 so should changes in the PCP market have a knock-on effect upon car residual values generally, this would have only a marginal effect upon S&U's business. Aspen Bridging is proceeding cautiously and gradually establishing itself in the bridging market, and gaining traction in attracting good quality deals. Funding Committed medium term funding facilities have been increased to GBP95m since the end of the last financial year. This gives sufficient headroom for our anticipated growth and will be reviewed again as our businesses develop. Commenting on the Group's trading and outlook, Anthony Coombs, S&U chairman said: "S&U's performance and prospects remain healthy despite the current sentiment regarding the British consumer and motor finance sector. Our robust and well established under-writing processes, and impeccable 17 year track record at Advantage position us to trade well through any foreseeable macro-economic weakness, whilst allowing us to take advantage of the clear opportunities for steady and sustainable growth which we see at present."
luthier
02/8/2017
10:11
4th I believe. Just bought some.
alfie4048
01/8/2017
08:51
Trading statement due soon?
nfs
31/7/2017
18:23
Dear both - Thanks for your thoughts - Must be a presentation done previouly as the link above states "Published on 9 Jun 2017" My own gut feel, is as you suggest, he is ahead of timeline. I like and have held SUS for many years and agree with funding requirement target market - Share price weakness may just be a knock on from Provident financial (PFG) and or press comments on BOE looking to tighten credit but need to keep on top of possible weaknesses in the business model.
pugugly
31/7/2017
18:04
PUG UGLY you're clearly a futurologist .I've watched the video over a year ago .I agree with everything he says .However ,as Jeffian suggests ,SUS clients NEED a car for work .With the average car value of £6k I suspect it may be many years before autonomous ,battery powered vehicles head down the backstreets of our poorer streets in our poorest villages & towns . Remember Teslas new cheapest series 3 is ,really US$45k (with the extras) -thats #30k (5x SUS customers budget).Top-end Mercs and Beemers will get autonomous first and it will take years to drop down into the lower end models .Only after a cycle or two will it become affordable for the bottom end .
buffetteer
31/7/2017
17:24
I haven't got an hour to spare but I think I get the gist (if you're suggesting that the car market will disappear in a puff of smoke like Kodak). But surely the point about SUS is not that they lend for cars per se, but that they lend to those who need money (whether for cars or anything else) but can't access normal lenders. SUS has evolved from a doorstep lender to motor finance specialist and is in the process of developing a property bridging finance arm. It saw the writing on the wall for doorstep lending and successfully sold that business before moving on. I'm sure they can spot future trends in their markets again. The private car may disappear (though I personally doubt it) but the 'sub-prime' need for access to credit will never disappear and THAT is SUS's market.
jeffian
31/7/2017
14:27
Well worth a listen when you have an hour spare. Implications on investment/disinvestment are very significant even if the man is only half right. I would appreciate any opinions - Implications for used car market (in the view of the presenter very significant) and possibly a major knock on to the SUS business model (imo) https://www.youtube.com/watch?v=2b3ttqYDwF0&feature=youtu.be OK it maybe he is a few years early – reminds me of some of the hype of the original internet bubble but the trend/momentum has now been in place for a few years – If nothing else some of the charts/graphs/data are worth the time anyway.
pugugly
31/7/2017
13:47
Should be a trading statement in the next week or so; will wait before making a decision on what to do next.
firtashia
31/7/2017
13:41
Me too jeffianPE just over 9 and yield about 6% I think
nfs
31/7/2017
12:41
Falling knife or not, I can't resist. In for a few more.
jeffian
29/7/2017
15:10
I think the leased model is mainly driven by dealerships flogging new models whereas Advantage seems to operate mainly in the second-hand market. This from their last annual report - "The second pillar of success rests upon the buoyant market in which Advantage operates and its growing, but still small, share of it. Thus the estimated size (Society of Motor Manufacturers and Traders) of the UK’s Used Car Market reached a record 8.2 million cars in 2016, an increase of 7.2% from 7.6 million sold in the previous year. Around 1.2 million of these transactions are bought using finance. This number has grown from around 750,000 just 4 years ago and is estimated to be worth £12bn per annum. Of these best estimates show around 64% involve hire purchase, as opposed to PCP or Lease hire. Advantage’s non prime hire purchase product is taking an increasing share of this market.
jeffian
29/7/2017
14:53
Thanks for that update Linhur. I personally see this as another buying opportunity for the switch in my investing strategy. As I near retirement, this is exactly the type of family run business I’m far more comfortable placing hard earned and increasingly valuable funds. I’m not investing large sums so I will be content to keep adding small amounts if it drops further. ‘Catching the falling knife’ is not particularly relevant here imo. Given the reliance on dividend income for a number of retired family shareholders, it’s as safe a dividend as you will find out there. I expect it to be maintained even in the face of further falls - as happened a number of years back. Plasyburn. Who knows but an interesting question. The car buying market has certainly shifted and as life has shown me, once change takes place it is almost never reversed. More and more cars are definitely being bought on private lease (myself included a couple of years back and for the first time) and I only see that trend continuing.
chrismcglone
29/7/2017
10:17
With all the changes in the car markets, do we see even more being bought on lease?How will the changes affect the S&U business model?
plasybryn
28/7/2017
00:33
Its been a frustrating slide but I'm happy to console myself with the hefty dividend whilst waiting for a re-assessment from the market. Patience required but I'm still confident on the outlook. Worth also reminding yourself how the company performed through the last downturn given where we are in the cycle, difficult to fault.
tudes100
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