S & U Share Discussion Threads

[chrismcglone] 25/7/2007 23:02

Any opinion on the drop back down to the year lows?

Post divie boredom perhaps?

[meadow50] 16/7/2007 16:19

small gap up today-should go higher imo.

[chrismcglone] 14/7/2007 18:54

Just back from holiday and surprised to see the pullback over the fortnight. Can't find any reason? On the contrary, i regarded the recent statement from management as very positive for the next few years.

£5 is a great price OXMAN. Getting them at anything over 6% yield is a bargain - even with interest rates on the rise. I would expect S&U to outperform in a higher base rate environment.

[philjeans] 13/7/2007 13:10

The divi will be up - it has been increased every year for as long as I can remember.

[meadow50] 13/7/2007 13:08

The forecast divi in May CDRefs was the latest from Bell Lawrie but dated sept 06.This share is hardly researched at all. Like you I think 32p at least is likely and could be more.Not many posters on this thread.

[its the oxman] 13/7/2007 12:41

looks like we'll both be in the money soon - 515p bid currently

[its the oxman] 13/7/2007 12:12

cheers - time will tell but hope so - paid a 32p div this year, is a cut in div to 31p actually forecast? had hoped a further increase might occur.

[meadow50] 13/7/2007 12:05

You were quick!.Ive held these since the 70s. I bought a few more today but I had to pay 517p.Forecast earnings are 56p-p/e less than 10 and with a 31p div
silly price.Think u got a helluva bargain.

[its the oxman] 13/7/2007 11:58

bought a few today c.500p - had to move quickly so little reseach - but 6% yield and resumption of growth over next few years is my understanding - comments or reason for fall from any holders? should be able to recover back to 600p i hope.

[chrismcglone] 22/6/2007 13:38

Ian, i simply think that at some point they will be a natural target for consolidation within the industry. The obvious predator would be Cattles and the older members may be tempted to cash in. Cattles is charging ahead - the credit division eg grew by 51% last 5 months - and i think it would be easy for them to raise cash if they went on the acquisition trail.

Don't get me wrong, i am happy enough to maintain the status quo. Under the existing management i believe the divie is rock solid and this is the main reason i purchased in the first place.

However, i feel there is a good chance of consolidation within this industry over the next few years and i would be equally happy to take a premium for my shares and move on.

[jeffian] 22/6/2007 10:02

chris,
With 4 Coombs family members aged 75-38 on the board and their shareholdings with associates exceeding 50% of total equity, what makes you think a takeover is on the cards?

Regards, Ian

[chrismcglone] 22/6/2007 09:50

A solid statement from management a couple of days ago.

Looks like the possibility of a bit more growth over the next few years compared to the past couple which have seen us steady if treading water a little.

The yield certainly looks secure which will make my (long) wait for a takeover a bit easier.

[chrismcglone] 05/6/2007 20:32

Everyone get the final divie of 23p ok?

[chrismcglone] 21/5/2007 10:49

Likewise CWA1.

He obviously feels confident about prospects going forward and happy to pay at not far off a high for the share price

Can't see any fireworks on the horizon but that is not what i bought it for. This is certainly one to tuck away, collect the divie and review once a year at most.

[cwa1] 21/5/2007 10:10

Modest but reassuring purchase by Director just announced. Starting to feel a wee bit better about this one of late...

[chrismcglone] 19/5/2007 14:49

Cattles were pretty upbeat recently so i expect a steady year ahead.

[cwa1] 18/5/2007 16:10

Reasonably decent AGM Statement:-

S&U PLC
AGM STATEMENT

At their AGM today S&U plc reported that current trading levels are
promising and above budget. Although impairment levels have risen over the
last year, we remain confident as to the Group full year results.

[one for the money] 02/5/2007 14:59

Not bad for XD

[taylor20] 02/5/2007 14:04

Reduced back to my core holding yesterday, but judging by todays strength looks like that was a mistake! Maybe we will get that breakout after all?

[chrismcglone] 01/5/2007 11:33

Yep, also looking forward to my 6.4% divie.

I think in total (including 6 months divie), at today's price, i'm up about 14%. Not bad for a safe boring business i just happened to stumble upon.

[chrismcglone] 20/4/2007 19:05

agree with your post no.375 jeffian.

However, for the time being i am comfortable with this being balanced by the other reasons mentioned above.

[philjeans] 20/4/2007 15:17

Has moved up nicely since results and chart looking perky.

Good yield; well established business; family directors have large stakes; ISA able; takeover potential.

Not a bad scorecard.

[jeffian] 29/3/2007 16:33

"Buy; place in ISA; collect divi; wait patiently for takeover."

I did. In 2001! Divi's been nice and comfortable capital gain, but it won't set the world alight. share price can't go too far ahead unless they start growing earnings again, which is my point. You may have to wait VERY patiently for a takeover; family-run businesses have a different agenda and there are two generations of Coombes who work in the business as well as holding a substantial controlling shareholding. We're in their hands on that one.

Regards, Ian

[philjeans] 29/3/2007 13:13

jeffian - fear not; earnings per share 53p still against 32p divi so plenty of cash being retained in the business.

And this is the bottom of the cycle when their "very poor quality" customers who can't get credit elsewhere, allegedly are leaving bad debts all over the place!

But SUS manage their book extremely well.

Buy; place in ISA; collect divi; wait patiently for takeover.

PJ