S & U Share Discussion Threads

[plasybryn] 24/9/2014 15:01

Further to my post 1009, I assume that the Deposit Taking Licence will enable SUS to reduce their "gearing" which has risen to 70% ( 2013: 39%).

I have noticed the gearing increase over recent years as they have adopted a slightly more aggressive strategy, certainly compared to years gone by.

But perhaps they feel relaxed about this knowing from 2015 will have this Deposit Taking capability.

Anyone care to comment?

[buffetteer] 24/9/2014 13:50

The market was expecting a rise in annual eps of 18p - from 113-131p. S&U have managed this increase in the first half alone . The shares have got to be worth £25. Bring on the banking license!

[luckymouse] 24/9/2014 12:05

No worries Tudes100 - the bkrs are applying a discount because they are worried about interest rate risk - same with lots of interest rate sensitive stocks.

The big reality is that rates will broadly remain historically low for years. If the central bankers really crank up rates the economy will simply fall over so they cant. Can you imagine what would happen if they hoisted rates in Europe? Not a chance. So instead they are forced to use a US style talking game and control segment liquidity and regulations in the background. They have never mentioned being worried about car finance so in conclusion the bkr discount is over baked imho and the value will shine through.

ATB LM

[cockneyrebel] 24/9/2014 11:33

Cheers above PUGUGLY - a nice day to you too :-) Has been so far :-)

CR

[tudes100] 24/9/2014 11:27

thanks LM, reasonable chance of a few upgrades I would hope as well given how H1 has shaped up.

[tudes100] 24/9/2014 10:20

based on ?

[luckymouse] 24/9/2014 10:06

I calc forwards:
JAN15 2268
JAN16 2692

[luckymouse] 24/9/2014 08:40

I'm guessing its a shrewd move to enhance capital ratios long term

Definitely a long term hold this one with the climbing EPS and climbing divi

[plasybryn] 24/9/2014 08:27

As you all say, a cracking set of results.
Dividend up 21%

I am still waiting (hoping) for someone to suggest what the impact of the Deposit Taking Licence will be other than strengthening the Group's financing.
Will we see growth accelerate?
Will it change the strategy?
Will it improve lending margins?

Anyway I am very happy. One of my longest term holds.

[rogerbridge] 24/9/2014 07:54

Coombs has delivered again. Another cracking set of results and a very nice hike in the dividend. Top notch company.
Cheers everyone!

[tudes100] 24/9/2014 07:51

One of my favourite shares - just keeps on reliably delivering great results. Dividend growth particularly pleasing.
Well done Mr Coombs

[pugugly] 24/9/2014 07:32

CR:> You beat me to it - I cannot add or embelish your post.

Have a good day - R.

[cockneyrebel] 24/9/2014 07:25

33% growth in eps - this co really has a cracking reliable record of strong earnings growth over 5 years imo - will have pretty much trebled it's eps in 5 years this year.

Excellent results imo.

CR

[luckymouse] 24/9/2014 07:24

Motor finance is obviously flying
Strong EPS suggests upward revisions

ATB LM

[luckymouse] 24/9/2014 07:17

www.investegate.co.uk/s---38--u-plc--sus-/rns/half-yearly-report/201409240700084216S/

[cwa1] 24/9/2014 07:16

INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 JULY 2014

S&U, Britain's foremost niche home credit and motor finance provider, today announces its interim results for the six months ended 31 July 2014.

Financial Highlights

-- Profit before taxation up 28% to GBP11.3m (H113: GBP8.8m)

-- Basic earnings per share up 33% to 75.0p (H113: 56.6p)

-- Revenue up 21% to GBP34.7m (H113: GBP28.6m)

-- First interim dividend increased by 21% to 17.0p (2013: 14.0p)

Operational Highlights

-- 73% increase in number of motor finance new loan transactions

-- 12% increase in home credit sales and 10% increase in customer numbers.

-- Record collections performance in Advantage motor finance division.

-- 10% increase in home credit collections.

-- Recent FCA regulatory regime providing an opportunity further to refine our much valued customer relations

-- Deposit Taking Licence application in progress.

Anthony Coombs, Chairman of S&U, commented:

"The gradual recovery in the economy has seen a distinct improvement in consumer confidence which has justified the significant investment we have made in both our motor finance and home credit divisions. By continuing to keep our customers at the centre of everything that we do, we are seeing that investment bears fruit. With hard work and attention to detail we are confident that it will continue to do so."

[luckymouse] 24/9/2014 07:15

FLASH: S&U Plc H1 pretax profit rises 28%
StockMarketWire.com

[rogerbridge] 23/9/2014 20:59

I am looking forward to further progress and an increase in the dividend.

[luckymouse] 23/9/2014 18:17

Pre results trend strength (in a lousy mkt) is pretty good too - can be a useful tell

www.barchart.com/snapopinion/stocks/SUS.LS
www.barchart.com/opinions/stocks/SUS.LS

[tudes100] 23/9/2014 16:08

thought i'd get a better opportunity to top up today. Run up to last IMS was very soft, not this time around.

[cockneyrebel] 23/9/2014 09:09

Interims tomorrow should be interesting after the recent trading update imo.

CR

[plasybryn] 16/9/2014 18:33

Half year results Sept 24th

[luckymouse] 03/9/2014 15:47

Interims soon ;) Last trading update was very positive