S & U Share Discussion Threads

[aukley] 17/5/2010 08:55

Raising their profile?

[cwa1] 24/3/2010 16:04

Cheers Andy, thanks for that.

[taylor20] 24/3/2010 09:49

Better than I expected, and the divi increase a nice bonus, was considering picking up some PFG, but may add here instead.

Charles Stanley have increased their PT to 580p.

[pugugly] 24/3/2010 08:21

Congratulations to management, Once again supurb results.

I think we are in very safe hands. If only they could take over the managment of UK plc.

[cwa1] 24/3/2010 08:10

Highly satisfactory stuff IMHO :-)

[philjeans] 24/3/2010 08:06

Superb figures, as always. Divi up again. Safe ISA yield.

Nice.

[cwa1] 24/2/2010 08:33

Nice juicy 15p per share dividend bagged today :-)

[cwa1] 22/2/2010 11:10

Ah. Thanks for that meadow 50. Any chance of a precis of what they say?

Is this one of the rare cases of The Chronic getting it right, or should we run for the hills? ;-)

[meadow50] 22/2/2010 10:47

tipped in Fridays IC as a buy.

[jeffian] 22/2/2010 10:32

Surprisingly quiet here given the nice little run we've had since beginning of Feb. How far can it go?

[cwa1] 10/2/2010 07:42

Thanks taylor20

[taylor20] 10/2/2010 07:01

Uploaded the note here:

Also from UK-Analyst:

"Home credit and motor finance firm S&U (SUS) said that it is trading well and that results were in line with forecasts for the period 8th December to 31st January. The shares rose by 27.5p to 482.5p. A second interim dividend of 15p was approved, with a final dividend of no less than 8p to be paid in June. The Advantage unit of the Motor Finance division reported "very buoyant" sales, with "very satisfactory" trading and profitability in the Home Credit business. In addition, Advantage has extended its product range by moving into the non-prime lending market. Despite the seasonal funding trends that require increased financing to fund Christmas loans for customers, group borrowings were reduced by 5 million pounds. S&U's gearing continues to be lower against comparatives, at 57% when compared to 74% two years ago. Daniel Stewart observed that the firm has shown its resilience "during particularly difficult lending markets" and will gain from significant reductions in market competition after the failures of LSB and Cattles. It left its 'buy' stance and target price of 575p unchanged."

[jadeticl] 09/2/2010 14:03

The statement certainly encourages the expectation that after the 2nd interim 15p divi the final will be higher than the 8p needed to be same as last year. The divi was good at 32p. Any increase is great.

[taylor20] 09/2/2010 10:31

Summary is: The group has announced a positive pre-close trading update confirming that the outturn for the year is in-line with expectations. With a strong balance sheet, credit rationing elsewhere and limited competition, we see good medium term growth potential, although expect expansion to continue to be cautious in the near term. We increase our target price to 550p from 500p.

[taylor20] 09/2/2010 10:30

Its a MM note, not much detail - my work has blocked my access to redtom.co.uk, will see if I can find a proxy to get round the firewall...

[cwa1] 09/2/2010 10:18

Hi taylor20

Any chance of a link to the detail, or a quick precis if that's not possible?

TIA if you can.

[taylor20] 09/2/2010 10:03

Charles Stanley increased their price target to 550p

[taylor20] 09/2/2010 09:04

Derek gets over £900k in dividend income so now has a £450k tax bill (up £91k).

[taylor20] 09/2/2010 08:59

The tax issue they are referring to is the 50% Income tax band I assume? Makes me wonder if they are going to rethink their divi strategy for subsequent years - move towards capital appreciation instead of income?

Share buy backs, share options, etc.

[jadeticl] 09/2/2010 08:56

I topped up in two ISAs Friday and yesterday in anticipation of good news. I was able to get them for under 460p so that my yield was above the magical 7%. For a solid little company such a dividend yield is just great. Well done SUS for bringing forward the divi payment. But to what does the statement "In view of the government's tax increases from April 2010.." allude? Is it a very general statement or is it specifically addressing a dividend tax?

[philjeans] 09/2/2010 08:28

Nice one Coombsy.

[cwa1] 09/2/2010 08:25

Not often they are as uobeat as that is it? Normally they mumble something like: yes, we're doing pretty well, thanks, move along, nothing to see here. But that had lots of positive, upbeat stuff in it thankfully.