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 +0.96% 2,100.00p 2,010.00p 2,100.00p 2,100.00p 2,020.00p 2,050.00p 1,662 12:49:54
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 79.8 30.2 203.8 10.3 252.24

S&U Share Discussion Threads

Showing 1451 to 1475 of 1475 messages
Chat Pages: 59  58  57  56  55  54  53  52  51  50  49  48  Older
DateSubjectAuthorDiscuss
09/10/2018
22:04
Well you say that, Plasybryn, but look at the chart above! It's quite an illiquid stock so it is inclined to large movements. It doesn't bother me as long as the overall trend is up! I wondered about the recent fall and was interested that nobody sought to comment on it until your 1402. My suspicion is that fear about a market correction and the potential for a general economic downturn has hit this company particularly as it is perceived to be dealing with high credit-risk customers but that was always so - particularly when they were a door-to-door lender - and they seem to have been able to deal with it through many recessions in the past so I'm happy to leave my fate in the hands of the Coombs and their management team.
jeffian
09/10/2018
22:04
Oops! Double post.
jeffian
09/10/2018
19:55
I don't recognise volatility and SUS.Good old stable S&U. But not today.Wonder why?
plasybryn
01/10/2018
16:15
aleman i think the Chairman Anthony Coombes has explained perfectly well why credit approvals have reduced . This should lead to improved default rates going forward. I will take his explanation and tactics as the best way forward -very happy holder from £8. no need to tread warily -the shares are discounting the excellent growth going forward but also achieved so far .
buffetteer
01/10/2018
14:37
Are you invested anywhere Aleman?
plasybryn
25/9/2018
12:11
I'm not persistently bearish at all. Roughly, I've been bullish from May 2003 to June 2006. Bearish from then until November 2008. Bullish until sometime in 2016 - that's 8 years, including the European (PIIGS) bond crisis - and now bearish for a couple of years. I tend to be a bit ahead of the crowd as I monitor credit cycles quite a lot. They continue to deteriorate but that does not make me Dr Doom! I will turn bullish again before everyone else - after most or all of the fall - that is IF credit picks up again. This recession is likely to see more unconventional central bank responses. I did not "warn" in 2017. I was monitoring for potential purchase and asking questions. (Still no position either way here - I don't short.) I only really warned 6 months ago as there were a few familiar posters. I don't usually bother. I could be seen to be correct to suggest caution since provisions have grown rapidly since. I see I mentioned Claimant Count several months ago. It has deteriorated further and looks to be trending ominously (even though some newly unemployed are being bumped into Employment Support Allowance). Tread warily. https://www.ons.gov.uk/employmentandlabourmarket/peoplenotinwork/outofworkbenefits/timeseries/bcjd/unem Anyway, you've had my 2nd warning about credit quality, after it deteriorated more sharply this time. Good luck until next time.
aleman
25/9/2018
12:01
Ah, Aleman, I remember you from the YLD thread where your persistently bearish views on life generally reminded me of Marvin The Robot! I see we have previously exchanged views 'here' as well. Yes, you did previously "warn" about SUS - starting on 28/3/17 - - that's a 30%+ gain missed, then! I have been invested in SUS since 2001 and have substantially increased my holding along the way. Yes, it involves itself in lending to people the banks wouldn't touch and has a certain loan default rate as a result, but the Coombs family have shown themselves adept at managing the risk, have a lot of skin in the game themselves and have also shown themselves to be sensitive to political and economic changes in the market (their disposal of the formerly core doorstep lending business proved a master-stroke of decision and timing). I'll consider myself "warned", but will happily continue to hold, thank you.
jeffian
25/9/2018
09:45
I've previously warned to be careful with this one. Look at note 7. In the last 6 months, Motor Finance receivables are up £19.95m while provisions are up £7.71m. The provisions increase was 38.6% of the receivables increase. If my numbers are correct, from the same note 7, the previous 6 months was 24.5%, and note 6 of the full year report indicates 19.2% for motor finance if you work it out. It makes it look like recent growth has been by lending to people who are not very good at paying back. Now imagine what happens if the economy slows.
aleman
25/9/2018
09:24
Interims make a very nice read.
saint or sinner?
25/9/2018
08:12
With carnage all around very nice reassuring interims - Well done the Coombs.
pugugly
25/9/2018
07:05
Interims look good. Nice increase in dividend.
plasybryn
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
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