S & U Share Discussion Threads

[philjeans] 22/5/2009 07:35

Surprisingly upbeat IMS there; shares should respond well.

[cwa1] 12/5/2009 15:29

Yes, and today :-)

A chunky 23p dividend is earned tomorrow

[the big fella] 11/5/2009 17:14

Nice move today.

[the big fella] 14/4/2009 16:04

I am not complaining, I have quite a few of these and my avae is well under £3. Nice to see liquidity issues working both ways!

[cwa1] 14/4/2009 12:45

Yup. "All" 800 traded going through plus today

[the big fella] 14/4/2009 12:31

These are traded on plus

[cwa1] 14/4/2009 12:25

Pretty strong performance of late. Especially as there is a grand total of 800 shares showing as being traded today. Wonder what's up here?

[philjeans] 14/4/2009 11:11

Nice chart - this has further to run.

[the big fella] 08/4/2009 16:24

Up again. Would be happy for these to settle around £4 for while.

[the big fella] 02/4/2009 13:22

These are a long term recovery play for me with a decent yield that I will reinvest. So far they are doing very nicely thankyou.

[cwa1] 31/3/2009 20:54

And just to add, minimally, to the confidence levels:-



Director/PDMR Shareholding

S & U were advised today that Demetrios Markou, Non Executive Director, purchased 2500 ordinary Shares at 350p on 31 March 2009.

Following this Demetrios Markou is now beneficially interested in 4500 shares representing 0.04 per cent of the total voting rights of the Company.

Probably all he could get given how tight the market was!

[cwa1] 31/3/2009 17:25

Edit to the above. I've now found most of the missing trades on Plusmarkets, but one is still not on there, or the LSE listings on ADVFN, as far as I can see.

[cwa1] 31/3/2009 17:16

Evening all. Grabbed a few throughout this morning, tho' only some of them are showing on the trade log. Wonder where the rest are? Oh well, never mind....

Was pleasantly surprised by the figures, the directorspeak and the forward comment.

FWIW Equity Development have released a note, you have to register for their site-but it is free and not too onerous a task :-)

They are going for EPS up just a smidgeon next year and suggesting a maintained dividend, which would be fantastic news IF it all came to pass.

Here's what they conclude with:

The company's broker is forecasting profits before tax of £8.8m which should lead to earnings per share of 53.9p. At the current price the group is on a PFER of 6.7x, a yield of 9.4% and a discount of 9% to net asset value. With a solid base, a well-covered dividend and a recession-resistant business model and significant growth potential it looks significantly undervalued and should appeal to income funds: our short-term price target is 416p with a medium term target of 520p.

Certainy agree that the current price, even with today's rise looks a bit mean, but I guess that's just "the market" for you these days.

Good luck all and fngers crossed

[the big fella] 31/3/2009 10:22

Indeed. These are very solid results. Nice yield.

[philjeans] 31/3/2009 09:22

Half the price of last year and double the yield!

Moving up nicely.

[pugugly] 31/3/2009 08:12

CWAI:. I have had a quick look - Have not been able to see amajor problem - will look forward to your analysis.

These are very tightly held - Well done on getting the 1K.

[philjeans] 31/3/2009 07:52

Super results given the background noise; div maintained and gearing reduced.

Balance sheet tidied up with long term funding in place.

A cash cow if ever I've seen one; and you can milk it in your ISA.

STRONG BUY.

[rainmaker] 14/3/2009 02:08

Hi Jeffian-just thinking exactly the same thing. Really Friends Provident and S&U can only benefit from probable Cattles demise. Some years ago Tour Operator, International Leisure Group(ILG)went bust in an industry with fierce competition wafer thin margins and rival, operator Airtours subsequent share price performance was nothing short of spectacular.ILG had the "double dip" of increased market share and greatly increased margins, as a direct result of reduced competition.I would say that this situation is not a "double dip" as although they will certainly increase market share if Cattles(CTT) goes belly up but I don't believe that the sub prime consumer lending market is price sensitive- in other words Consumers are unlikely to switch to any lender with a cheaper APR.However due to the lack of serious licensed money lenders these Companies effectively has a franchise. Not to worry as I believe S&U historically very low rating by any value metric combined with increased market share make them a buy(possibily strong buy-I'll investigate them further later) at current levels

regards

[jeffian] 07/3/2009 00:29

Chris,

Ref my post 499 above, is that a good or a bad thing IYHO?

Regards, Ian

[chrismcglone] 06/3/2009 21:07

Cattles just about finished.

[jeffian] 21/2/2009 18:35

Does SUS stand to gain from the meltdown of the CTT business or is it likely to be tarred with the same brush and follow it?

Regards, Ian

[the big fella] 23/1/2009 14:16

Nice move today.