S & U Share Discussion Threads

[plasybryn] 12/6/2013 12:04

Not sure why people are selling ahead of Dividend - record date is 23rd June. Paid 12th July.

[rogerbridge] 24/5/2013 08:03

Pure class.

[gorse] 24/5/2013 07:53

Seems an impressive IMS for my biggest individual company shareholding.

[cwa1] 24/5/2013 07:13

Interim Management Statement

S&U, Britain's foremost niche home credit and motor finance provider, issues an IMS for the period from the 1 February 2013 to 24 May 2013 ahead of its Annual General Meeting being held later today.

Group trading remains in line with overall expectations with the cash generative Home Credit division helping to finance the very strong progress of the Motor Finance business.

Home Credit

For Loansathome4U, our home credit division, this year marks its 75(th) trading anniversary. It maintains a solid performance against a background of restrained customer confidence and real incomes and uncertainties regarding state benefit changes. Advances and receivables are 3%, and collections 2% lower than a good first quarter last year. Home Credit year on year profitability is slightly down, but cash generation is good and has considerably exceeded the first quarter of last year.

Recent weeks have seen an improving sales trend. New products have just been introduced, including an industry leading pre-paid debit card and a new concept in consumer finance. We are hopeful that these initiatives will help to grow customer numbers at good margins.

Motor Finance

Both in terms of capital employed and profit generation, Advantage Finance, our motor finance business, is now the larger part of S&U. Its performance remains outstanding and even exceeds the levels of growth and collection quality of 2012. Receivables are no less than 29% up on last year while customer numbers are at a record leveland collections quality is better than ever.

Funding and Capital

The strength of our balance sheet and funding facilities, together with our cash generative home credit business has allowed us to invest further in the growth of Advantage Finance. Gearing is still low and responsible at just over 35% reflecting Group borrowings of just over GBP4m above last year at GBP22.5m.

Corporate Governance

S&U will implement any changes required by reforms of the Corporate Governance Code expected to be announced later this year. In the meantime a new independent Non-Executive Director, specifically responsible for Corporate Governance matters, will be appointed immediately following the Annual General Meeting.

Commenting on Group trading and outlook, Anthony Coombs, S&U Chairman, said:

"The continuing success and growth of Advantage and the potential for renewed growth in home credit more than counter balance a generally sluggish and unpredictable economic recovery. Maintaining and improving the service we give to every one of our customers justifies our confidence in the year ahead."

[jeffian] 07/5/2013 15:42

It seems to have "slipped" up to £12.40!

Woo Hoo!

[whilstev] 30/4/2013 10:06

Yes got a bit exciting lately so i have taken some profits. Will look to buy back if price slips back around £10.

[chrismcglone] 29/4/2013 13:03

Wish all my investments had been as boring as this.

[plasybryn] 08/4/2013 16:34

Freda: 51p dividend for year will do me.

[freda] 08/4/2013 16:30

S&U still looks cheap to Brokerlink -

[lucky_punter] 29/3/2013 10:39

UPDATE: S&U hits all-time high after record results

Credit provider S&U's (LON:SUS) shares hit an all-time high on Tuesday after unveiling another set of record annual profits.

[plasybryn] 26/3/2013 13:40

Nice and indeed justified reaction to the results today.
EPS of 93p puts us on a P/E of just 11
At a more realistic 15 we would be looking at a £14 share price
Certainly still looks good value IMO.

[pugugly] 26/3/2013 09:43

New all time high - Back to sleep for another 6 months - Well done the family. A solid well run ethical business.

[plasybryn] 26/3/2013 08:02

Solid results. Very encouraging.

[rogerbridge] 26/3/2013 08:01

Very good figures from a top notch company. Looking forward to another increased dividend.

[rogerbridge] 26/3/2013 08:01

Very good figures from a top notch company. Looking forward to another increased dividend.

[philjeans] 26/3/2013 07:11

Excellent figures once again!

All key indicators improved and divi increased once more.

On to £10.

A class operation.

[plasybryn] 23/3/2013 08:42

Results on Tuesday.

[philjeans] 08/2/2013 09:25

Rock on Coombsey!

[gorse] 08/2/2013 09:07

A year ago it was around 625p, so we've now had 55% capital gain plus over 7% (on 625p) in dividends. I'd be content with 15% in the next 12 months!

[plasybryn] 08/2/2013 08:26

Nice tick up as well. Will we blast through £10. Still not expensive given projected EPS growth.

Wonder what they will do to celebrate their 75th Anniversary. A special one off dividend would be nice!

[plasybryn] 08/2/2013 07:13

Another nice update.
Dividend up 13% on last year.
Proposed 14p on 12th April & final dividend of at l8p on 12th July (44p for year)

[thamestrader] 18/1/2013 23:56

yeah, but scary spread