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
  -5.00p -0.20% 2,510.00p 2,470.00p 2,550.00p 2,540.00p 2,510.00p 2,510.00p 8,125 16:35:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 79.8 30.2 203.8 12.3 301.23

S&U Share Discussion Threads

Showing 1426 to 1450 of 1450 messages
Chat Pages: 58  57  56  55  54  53  52  51  50  49  48  47  Older
DateSubjectAuthorDiscuss
11/8/2018
10:35
There is an interview with Anthony Coombs in the Aug 18 issue of Master Investor Magazine (free) - quite a good read. hxxps://masterinvestor.co.uk/magazine/
dendria
03/8/2018
11:56
A nice update.
topvest
03/8/2018
07:23
TRADING UPDATE AND NOTICE OF RESULTS S&U plc, the motor finance and property bridging specialist, today issues a trading update for the period from its AGM statement of the 18 May to the 31 July 2018. It will announce half year results for the period ended 31 July 2018 on the 25 September 2018. Trading Against a background of a strong UK labour market albeit in a slowing economy, Advantage Finance, our motor finance subsidiary, continues to trade well with profits again at record levels. Whilst the new car market may have slowed, recent Finance and Leasing Association data shows the used car finance market we serve has been growing by 12% year on year. This is reflected in the recent average of over 80,000 monthly finance applications received by Advantage Finance. However, following recent rates of expansion, a prudent focus on quality has seen acceptance levels tighten to 25% of applications (H1 2017: 31%), of which completed transactions comprise 9% (H1 2017: 8%). This selectivity is consistent with both Advantages' emphasis on customer affordability and with our long-term strategy of sustainable growth. Customer numbers now stand at a record 58,100, 18% up on last year, and net receivables have now reached GBP263.0 million, up 15% on last year (H1 2017: GBP228.6million). On debt quality, although impairment continues to run at higher levels than last year, recent underwriting refinements have led to early indications of an improvement in both new customer quality and early repayment performance. Overall monthly collections in H1 2018 are 20% up on H1 2017 and are now approaching GBP12million per month. Aspen Finance, our property bridging business, continues to build both its market reputation and profitability. It recently won New Product of the Year at the Bridging and Commercial industry awards. Debt quality, as reflected in its repayment performance, is good. Its loan book now exceeds GBP16million from GBP11million at year end. Commenting on the Group's trading and outlook, Anthony Coombs, S&U chairman, said: "Advantage Finance maintains its remarkably reliable record of continued profitable growth over the past nineteen years in a variety of macro-economic conditions. Improvement in product, customer service and in underwriting strengthens their ability to build on this in years to come. Aspen Bridging, our new bridging lender, has made a promising debut and is now profitable. Both businesses give me every confidence that S&U will continue to deliver consistent improvements in shareholder value."
cwa1
02/7/2018
11:01
Behaving a bit like Snakes & Ladders at the moment! I suspect it's a feature of the illiquidity of the stock.
jeffian
29/6/2018
12:24
Nice reversal today. Well done those who took advantage of the bargain price.
plasybryn
21/6/2018
13:12
Don't think I would get anywhere writing to them. They would just say become a member.
plasybryn
21/6/2018
11:40
But it was a Sharesoc meeting. I doubt the company have much to say about it.
jeffian
21/6/2018
11:24
To Anthony Coombes - the Co.
plasybryn
21/6/2018
11:05
"the Co" or Sharesoc?
jeffian
21/6/2018
10:58
I've sent an email to the Co this morning.
plasybryn
21/6/2018
08:33
LOL, I AM a member and can't find the blasted thing!! Gone to seminar reports and presentations and can't see it, searched there and couldn't find it either. Anyone able to link directly to it? Cheers.
cwa1
21/6/2018
08:26
On steroids this morning!
plasybryn
20/6/2018
18:21
But you have to be a member to access! Doh
plasybryn
20/6/2018
11:28
S&U’s presentation from our recent London seminar is available here: hTTps://www.sharesoc.org/members-area/
sharesoc
09/6/2018
15:01
S&U present at our London seminar on Wednesday which may be of interest to shareholders or potential investors, limited places available: hTTps://www.sharesoc.org/events/sharesoc-growth-company-seminar-in-london-13-june-2018/
sharesoc
30/5/2018
13:16
S&U present at our London seminar on the 13th June which may be of interest to shareholders or potential investors, limited places available: hTTps://www.sharesoc.org/events/sharesoc-growth-company-seminar-in-london-13-june-2018/
sharesoc
24/5/2018
13:55
S&U present at our London seminar on the 13th June which may be of interest to shareholders or potential investors, limited places available: hTTps://www.sharesoc.org/events/sharesoc-growth-company-seminar-in-london-13-june-2018/
sharesoc
18/5/2018
18:52
Sounded ok to me.
topvest
18/5/2018
07:53
A bit more cautious than usual and a couple of yellow flags (imo) but no red flags that I could see - Probably content to hold but watch more closely.
pugugly
18/5/2018
07:49
S&U plc ("S&U" or "the Group") AGM Statement and Trading Update S&U, the motor finance and bridging lender, issues a trading update for the period 1 February 2018 to 17 May 2018, prior to its AGM being held today. Trading at Advantage Finance, S&U's motor finance business, remains strong following previous record expansion of both customers and receivables. We continue to focus on debt quality which will underpin the consistency and sustainability of anticipated future profits. New loan transactions during the period were at similar levels to last year's record performance. Loan applications have reached record levels of over 80,000 per month, of which c.25% are accepted and c.10% of acceptances are transacted. The successful introduction of Advantage's paperless Dealflo system has been well received by customers, improves service and allows a greater focus on quality whilst maintaining comparable volumes year-on-year. Advantage's net receivables book has grown to GBP258m, which comprises over 56,000 customers, an increase of 21% on last year. Although rolling 12 months impairment to revenue has increased slightly to 25.8% versus 24.6% at year-end, this is still comfortably within the average for the previous ten years of 26.4%. New customer quality and early repayment performance continues to improve and we anticipate this will lead to a reduction in impairment to revenue in due course. April's monthly collections increased by 22% to GBP11.4m compared to the same month last year. Our bridging finance pilot, Aspen Bridging, continues to confirm our confidence in its launch. Aspen's net receivables book has increased to GBP14m from GBP11m at year-end, with early repayments on track. Aspen's current profitability and growing reputation amongst its broker partners bodes well for a successful future. We look forward to updating the market with a full report on future plans for Aspen in H2 2018. Demand for the Group's products and the quality of our businesses is reflected in a further GBP8.5m investment in the first quarter, taking Group borrowing to GBP113.5m. An additional GBP20m of banking facilities arranged in the period brought total committed facilities to GBP135m and provides headroom for further expansion. Commenting on S&U's trading and outlook, Anthony Coombs, S&U Chairman, said: "Despite a slowing UK economy, the value used car and residential markets in which we operate remain strong and resilient. Our continuing focus on customer selection and excellent service gives us great confidence for sustainable future growth."
cwa1
16/5/2018
16:56
Meteoric rise over the last few months and no comments. These are the gem types of companies to be invested in. No rampers, derampers, or general BS merchants this BB is awash with.
saint or sinner?
27/3/2018
13:01
I've been 'here' since the beginning and there was a time when I nearly dumped the shares - home collections had plateaued for years, dividend cover was getting very tight and it looked to be going nowhere. The move into the Advantage car finance business re-ignited growth and the sale of the home collection business - which was a worry as at that time it was the major part - looks to be a stroke of genius in terms of timing and what happened politically afterwards (cf. Provident Finance!). I see the presence of a significant family holding and management involvement as a positive thing truly aligning the interests of management and shareholders - they're unlikely to risk the whole ship and have shown an admirable intent to maintain and grow the dividend if at all possible. They say that when the ravens leave the Tower of London, we should all worry. Well never mind that, as long as the Coombs are at S&U it's OK by me!
jeffian
27/3/2018
12:43
Well they've managed their way through a few recessions since 1938 and I fully expect them to manage their way through the next one!
jeffian
27/3/2018
12:06
I'm just pointing out that provisions rose much more quickly than revenues in 2017 and they are not a small number any more. That extra increase from poorer loan quality (the 60% rise was about £3.7m above a 30% rise which would have matched revenue growth rate) was added to your cost of sales and reduced your gross profit significantly. And that is for 2017. Anybody think things will have got better in 2018? Provisions have increased massively in the last 12 months since they said the following yet there seems to be no comment on the deterioration: Advantage's mantra of "steady, sustainable growth" implies and depends upon robust debt quality and excellent customer relationships. Our customers require careful and consistent under-writing; hence the introduction of an updated, but still bespoke, credit scoring system this year. This continuous refinement has under-pinned the quality of Advantage's loan book throughout its history. I think the trend will have worsened significantly and more will come off profit this year. I think we are going into recession but this one so far is more normal than last time. It's being driven by a more typical deterioration of credit quality and resultant tightening of credit to consumers, rather than last time's sudden interbank lending crunch. Central banks sorted LIBOR out last time fairly quickly and dropped rates sharply so consumer companies reliant on easy credit didn't suffer for very long. I think this one could be more drawn out and central banks won't step in if banks' balance sheets can cope. Tighter stress tests mean they are much stronger this time (though some European's look troubled - Deutsche) which might lead to banks taking control of more companies through debt for equity swaps. Central banks sound like they are going to keep raising rates even though pips are already squeaking in some sectors. Anyway, it was just a heads up on the provisions trend for some names I recognise from threads on other yield shares. It's up to you what you do about it. I'm not here to keep posting bearish comments and I could be wrong about recession coming or credit quality might not deteriorate as much next year as it did this time. Good luck.
aleman
27/3/2018
11:53
"For some customers who have sought to maintain living standards by taking new lines of credit, this has reduced capacity and been reflected in a rise in impairment to £19.4m this year. At 24.6% of revenue this is still relatively low versus the average for the previous 10 years of 27.2%. Further, 18 successive years of profit growth and operational refinement have given Advantage the experience and wisdom to make timely and targeted adjustments to its already sophisticated and sensitive under-writing model. In motoring terms, the shape of the road and the nature of the terrain has made for sensible gear changes, steering tweaks and an easing of the accelerator. The result is proving to be a slightly lower risk adjusted yield of 27% this year (2017: 28%). Early signs of the under-writing changes already made are having a beneficial effect upon both new customer quality and early repayment performance, which we anticipate will lead to a reduction in impairment to revenue in due course."
jeffian
Chat Pages: 58  57  56  55  54  53  52  51  50  49  48  47  Older
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