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
  +20.00p +0.90% 2,252.00p 2,212.00p 2,270.00p 2,252.00p 2,252.00p 2,252.00p 480 14:29:39
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 60.5 25.2 170.7 13.2 269.97

S&U Share Discussion Threads

Showing 1401 to 1424 of 1425 messages
Chat Pages: 57  56  55  54  53  52  51  50  49  48  47  46  Older
DateSubjectAuthorDiscuss
10/11/2017
13:52
Positive movement in the share price since the start of the month, hopefully indicating a change in sentiment(at last).
firtashia
20/10/2017
15:35
I've bought a small opening position here. Its a quality company that should do reasonably well in the medium term as its soundly managed. Unlike some other lenders!
topvest
09/10/2017
11:11
Hoping this hasn't been posted before. Edison analysis:- http://www.edisoninvestmentresearch.com/research/report/su769468/full Snippet:- Outlook While there is regulatory concern over the growth in consumer lending in general, including the overall motor finance market, S&U does not offer PCP contracts, which have been the main source of growth and concern in this area. With most of its lending being used to fund used cars (average loan c £6,200), which provide customers with transport to work, S&U sees its main risk exposure as being to a worsening of credit conditions generated by higher unemployment rather than a fall in motor residual values (see page 5). Meanwhile, although unit sales of second-hand cars have softened, there is still scope for S&U to gain market share (from c 1%) and it reports robust and good quality demand. Valuation: Still cautious Taking into account our peer comparison and a valuation based on an ROE/COE model, we maintain our valuation at 2,700p per share suggesting significant upside from the current share price. Reversing the ROE/COE calculation suggests that the current price is factoring in a cautious cost of equity of nearly 12%.
cwa1
28/9/2017
20:21
I will join the speculation as to why the share price has reacted the way it has. Boringly predictable? I still welcome views and opinions and won’t judge. My primary reason for my initial and subsequent modest purchases was always income and dividend growth. It continues to meet (and has probably exceeded) my expectations so I will continue to enjoy those returns. This could eventually turn out to be my first ever 100% yielder. For explanations, please refer to Warren Buffet. Like all great investments (and I haven’t made many), I only wish I had purchased more at 3 quid. Ah well, thems are the breaks - and regrets.
chrismcglone
26/9/2017
18:59
westcountryboy, I wasn't shooting the messenger, I was shooting the message! (at least the opinion expressed by you without much evidence). I agree with Haywards26 that the recent weakness is all around the market lumping all 'car finance' together, despite the company specifically pointing out that they are not involved in PCP finance which is where any perceived problem is supposed to lie. I don't know about the last 3 years; I have held since 2001 and the principal reason I bought them was dividend yield. The board have continued to reward shareholders through thick and thin via a maintained and growing dividend (though it was touch and go at one point when the divi was barely covered), and I am happy to hold during 'quiet' periods as they pay me a good income for my patience. If only more Boards considered their shareholders' interests so well. I have been increasing my holding at these levels.
jeffian
26/9/2017
11:32
The weakness could be as simple as S&U being tarred with the general car financing/HP market generalizations surrounding the potential future bubble burst effect, without understanding S & U's true business model etc
haywards26
26/9/2017
10:49
Hi jeffian - don't shoot the messenger! I am just looking for explanations of share price weakness. What is your reasoning as to why the share price is lower than it was 3.5 years ago? cheers WCB
westcountryboy
26/9/2017
10:33
www.compoundincome.org/blog/a-couple-of-cheap-growing-small-caps
tudes100
26/9/2017
10:06
I don't accept that. How can the car finance market be any riskier than the unsecured doorstep lending they were in before?! Most people would rather give up anything than their homes or their car - the two areas SUS is now focused on - so if anything I would have said their market is now less risky not more.
jeffian
26/9/2017
09:56
Well it's a large holding for me too, though I am not really in love with it because it's some time since it has made me proper money :-( Thinking on why the share price has not done better since the disposal of the main business three years ago now, one thing that leaps out is the increase in debt. For many years the old business chugged alone with about £20m of net debt. Now it is up to £80m, though admittedly there is some seasonality and one would expect it to fall a bit by the end of Full year. The amount lent out, which is the great bulk of the non-current assets, is much larger than the total under the old business, though there were then two divisions. So yes EPS has grown reliably and with it the dividend which has doubled in five years. But this has become a less conservative company and though the directors restated today their belief that the business is stable and can grow for many years, clearly the market regards this degree of exposure to the car finance market as riskier than was the case with the old company, and less certain to keep expanding through good and not so good economic conditions.
westcountryboy
26/9/2017
06:47
I know I'm not supposed to fall in love with a company....BUT.....
cwa1
26/9/2017
06:43
Financial Highlights · Profit before tax: £14.3m - up 20% on last year (H1 16: £11.9m) · Earnings per share: 96p (H1 16: 79.2p) - up 21% · Revenue increased by 33% to £37.6m on receivables up 31% to £228.6m · Gearing at July 17 is 56% (July 2016: 29%) as £32m invested since year end · First interim dividend increased to 28p per share (2016: 24p per share) Sleep easy with S&U - Back to rest for another 6 months -
pugugly
11/8/2017
18:30
Steady as she goes.
chrismcglone
05/8/2017
22:27
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
20:11
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
17:48
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
06:25
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
16:59
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
09:30
I know you're not supposed to 'fall in love' with a share..... But I love this share!
jeffian
04/8/2017
08:31
Clearly the August silly season has arrived. Couldn't resist buying more at this price.
westcountryboy
04/8/2017
07:13
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
06:26
Solid growth.Another exemplary performance.Well done.
plasybryn
04/8/2017
06:19
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
06:11
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
Chat Pages: 57  56  55  54  53  52  51  50  49  48  47  46  Older
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