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
  +12.00p +0.63% 1,916.00p 1,916.00p 1,963.00p 1,916.00p 1,916.00p 1,916.00p 336 09:15:42
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 60.5 25.2 170.7 11.2 229.51

S&U Share Discussion Threads

Showing 1351 to 1374 of 1375 messages
Chat Pages: 55  54  53  52  51  50  49  48  47  46  45  44  Older
DateSubjectAuthorDiscuss
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
28/7/2017
00:21
This is very much a family firm and I guess when the top twins retire, the third board member might like to keep it going,
linhur
27/7/2017
19:36
Terrible chart, wondering if these will be swallowed up by an overseas predator?
ny boy
27/7/2017
19:31
Jeffian - and thereby lies the opportunity. Trading on 9.5x and with 15% eps growth we are entering bargain territory.
buffetteer
27/7/2017
18:58
linhur: A belated thanks for your AGM report - been away and only checking remotely.
pugugly
27/7/2017
17:28
The continued share price weakness is disappointing but I suspect it is a result of the market's lack of understanding of this little-followed company. The fact that it is generically in 'car financing' has probably tarred it with the brush started by the Governor of the BoE, despite it not being in the sort of loan/rental business pushed by the big dealerships which were under suspicion. I bet people also still associate it with 'doorstep lending', despite it exiting that business, and recent concerns about Provident Financial's 'home collection' model may be reading across to SUS. In the longer term, growing profits and dividends will support the share price but at the moment we seem a bit unloved.
jeffian
27/6/2017
10:47
Thanks linhur
nfs
27/6/2017
09:56
Thanks Linhur, appreciated. Good to hear not affected by any PCP issues. If you don't mind me asking, what was the general tone of the meeting like? Did they seem upbeat about prospects-or was it a "business as usual" feel that you got? if there are any other "nuggets" you'd care to share they would be most welcome! Cheers.
cwa1
27/6/2017
09:37
AGM report. Very low key. Only about dozen small shareholders. It appears S & U are only offering loans in s/h market. Not affected by PCP Aspen Bridging is only going to develop very slowly. Currently only dealing with small number of cases as a pilot. Very old fashioned Board which is good in current debt situation. Linhur
linhur
21/6/2017
01:45
Very frustrating to see these walked down again on a single sale for the day. Late #PFG profit warning probably did not help assuming there are plenty who still associate SUS with home credit
tudes100
18/5/2017
19:28
They have been tarred with the wrong bush. Screeming buy and hold for the medium/long term.
saint or sinner?
18/5/2017
12:01
Buffetteer:> Agree with all you say - Part of my worry was that SUS could have been getting involved in PCP contracts - That was why I was asking if anyone going to the AGM could check that we are not involved and that Advantage is just straight repayment plan. - Possibly I am a bit lazy rather than having to contact Coombs or Smithfield - but I suspect an off the record chat at the AGM where body language can be read could be more effective.
pugugly
18/5/2017
10:39
PUGUGLY you're right revenue is not up 30% -receivables are...so they should be ! The impairment you're worried about has increased from 20.1% to 21% and thats due to an increase in weighting of higher margin business written in 2016 vs prior years so not much to worry about there then . Since most of the costs of customer acquisition are taken in year one then year two onwards is v profitable hence the knowledge that this year will most likely be a record year .As i mentioned before the worry is unemployment which would raise the impairment rate .If we (the country) can avoid that we will be fine . The reason they have not commented on the FCA is that they don't think it affects them. The real problem is cheap contract hire deals mainly for new cars where you don't know what the actual residual will be until the end of the term .With SUS you know because the customer has paid off the full price of the car (£6.5k)in a straightforward repayment plan.If ,indeed, the market for second hand cars crashes due to falling values or diesel-gate then SUS customers will most likely benefit from a vast choice of high quality cheaper second hand cars .Remember people buy their cars because they need them (not desire them)for work.
buffetteer
18/5/2017
10:03
jeffian, I suspect that SUS don't even SEE an issue here, hence them not mentioning it or thinking they need to clarify anything. Just my take on it of course.
cwa1
18/5/2017
09:44
I think that's absolutely right, but why doesn't SUS clarify that? When these sort of scare stories come out, the market doesn't look into the detail, it just tars everyone with the same brush.
jeffian
18/5/2017
09:35
FCA said: We are concerned that there may be a lack of transparency, potential conflicts of interest and irresponsible lending in the motor finance industry. We will conduct an exploratory piece of work to identify who uses these products and assess the sales processes, whether the products cause harm and the due diligence that firms undertake before providing motor finance. Following the review we will assess whether and how to intervene in the market. I don't think the FCA is worried about the sort of product supplied by Advantage. From what I have read the FCA is interested in the huge volume of PCP (Personal Contract Purchase) arrangements where motor manufacturers encourage people to buy new cars, which are then rolled over again and again. People never own their cars and are probably overpaying for the privilege of driving round in new cars. IMHO these deals have a "lack of transparency". I am constantly amazed to see new car adverts where the price of the car is not mentioned!
chasbas
18/5/2017
09:20
Slightly disappointed the TU doesn't address the issue of "car finance" (as perceived to be a problem by the BoE). If it doesn't affect their business model, why not say so? Coombs is normally pretty outspoken. As someone says above, maybe the question will be asked at the AGM.
jeffian
18/5/2017
09:11
Appointing Peel Hunt is key for me. The Co. are frustrated, perhaps even annoyed their new focused growth strategy has not been recognised by the market. I suspect Peel Hunt have been appointed with a clear brief to raise our profile and reverse the share price trend. I'm sure other large Institutional Investors etc. will have been pressing for this as well. Given we are a growth business, with a great long term performance, with great ongoing prospects with an increasing dividend, their job should be a piece of cake. Let's see what they make of it.
plasybryn
18/5/2017
08:46
Buddetteer:- That is not revenue - it is loans for repayment and impairment is up so theoretically income should be up but so should be costs and or writeoffs. So bottom line could still be uncertain (imo)
pugugly
18/5/2017
08:38
With revenue up 30% and expected earnings of 200p we know it's v undervalued
buffetteer
18/5/2017
08:05
CWA_ Agreed but nothing on profit movement nor on type o Advantage loans - If anyone going to AGM perhaps they could probe on latter point and report back.
pugugly
18/5/2017
07:19
Not quite the disastrous statement that the share price seemed to be foretelling :-) 18(th) May 2017 S&U plc ("S&U" or "the Group") AGM Statement and Trading Update S&U, the motor finance and specialist lender, issues a trading update for the period from its full year results on 1(st) February 2017 up to 17th May 2017, prior to its AGM being held today. Business at Advantage Finance our motor finance subsidiary remains excellent. Applications in the first quarter were a record, new loan transaction numbers are a fifth higher than for the same period last year and average new loan quality is ahead of Q1 last year. Net receivables now stand at GBP210m, up 30% on last year, and customer numbers have now passed 46,000, another record for Advantage. Although rolling 12 months impairment to revenue has slightly increased to 21.0% (31 January 17: 20.1%), reflecting product mix, Advantage's overall debt quality is good and monthly collections now exceed GBP9m per month. Aspen Bridging, our new bridging finance pilot operation, has started trading and is expanding its broker network and refining its product offering. Further investment in our receivables has seen Group borrowings increase to GBP65m against GBP49m at year end. Current facilities give us significant headroom for continued growth. S&U have also announced the appointment of Peel Hunt LLP as their new brokers. Commenting on S&U's trading and outlook, Anthony Coombs, S&U Chairman, said: "Advantage Finance continues to prosper in a resilient economic climate, and a stable regulatory environment. Our confidence in the Group's steady and sustainable growth remains as strong as ever."
cwa1
17/5/2017
09:26
Trading Update 1st Quarter and AGM Statement TOMORROW! Sound fundamentals with attractive yield. I think the story is just dull even though I am a fan. Let's hope things perk up tomorrow.
chasbas
17/5/2017
06:18
Thank you Jeffian
i like beer
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