S & U Share Discussion Threads

[buffetteer] 06/7/2015 09:56

Yes very low liquidity family and charity i think own about 70%.
Bought in £15-20k increments .
Id be surprised if you cant pick any up this week !

[jeffian] 03/7/2015 17:48

Not my biggest holding but a lot bigger than when I bought it at £4!

Memo to self: why didn't I buy more?

[buffetteer] 03/7/2015 17:44

Well done Gorse. If they hit 180p jan 17 and 199p jan 17 then £27 & £30 should be possible .Mine has tripled since first buy.

[gorse] 03/7/2015 17:31

2364 - my biggest holding has an all-time high.

[cambium] 16/6/2015 16:00

Not heard anything

[pugugly] 16/6/2015 15:42

Anyone know if tipped somewhere again - Much more buying activity than usual but still fairly priced (imo)

[cambium] 16/6/2015 14:25

Lots of buying at full ask.

[jeffian] 13/6/2015 00:07

New high!

8-)

[tudes100] 29/5/2015 04:57

One of the main tips in the IC today should provide some early traction. obviously SUS is cyclical but classifying it as "Growth - High Risk" ??!!
Its not exactly PLUS or QPP is it ?

[pugugly] 21/5/2015 08:23

Short term traders possibly running for cover - Basic principles and growth still in place but possibly a slight slow down in expected rate of growth - However "and overall Group profitability is comfortably ahead of last year. " Whatever this means.

REFS estimate consensus is for eps of 176 this year and 197 for 2017 with a peg of 0.85. Even with a slight slowdown in expected profit growth (I cannot tell if this is the case as last year's proft growth was a fantastic 37% -v- a refs estimate for this year of only 14%) it is run by a very safe and conservative management and even IF there is a slight slowdown in the rate of growth it (imo) probably deserves a higher forward p/w than current forecasts especially in view of an estimated 4% yield. Dividend per share has increased each year since before 2011

[tudes100] 21/5/2015 07:55

Perhaps a soft start for the share price today, don't think its anything other than a pre-election hangover for home credit.
Prepared to put my money on the Co delivering over and above the current forecast this financial given strength of new car sales at the moment.

[snowydays] 21/5/2015 07:52

Hmm, quite a half hearted statement today.

[tudes100] 08/4/2015 23:38

Further great news on record car registrations in March, SUS likely to see direct benefits.

[buffetteer] 08/4/2015 13:17

jeff
Interesting .
i would undoubtedly sold out when profits stalled for more than 2 years.Its a matter of approach - I like growth at a reasonable price where the pe will expand as the market wakes up to the steady increase in profits so you get a double whammy. the mistakes I've made are when the management lied about outlook (and profits fall) or profit growth isn't sustainable .Either way this is cheap -good growth prospects from a growing economy and increasing confidence with no interest rates increases in sight.

[jeffian] 07/4/2015 23:53

"Most people make the mistake of buying high yield shares but fail to realizes many are high yield due to low quality and then suffer when the divi growth stops or is cut." Indeed. I built my portfolio from 1998> on a Low PER/High Yield basis and that is one of the traps one has to look out for - high yield often means 'divi unsustainable'. I've held SUS since 2001 and they were not immune to this. In fact, operating profits (then mainly reliant on the home-collected loans) stalled between 2005-09 and at one stage the divi was barely covered. The game-changer was the Advantage car finance business which provided much-needed growth and has gone on to be the Jewel in the Crown. Everything looks obvious with the benefit of hindsight, but it didn't necessarily seem so at the time!

[buffetteer] 07/4/2015 23:21

Thx Chris.
You did really well buying when you did.
I could only buy £15k at £780 a few years back. I've since added along the way. There is a v small free float outside family and a couple of longstanding institutions --15% or so I think .
I intend to remain invested in good growth companies for a long time and enjoy the annual dividend increases of 10% ish. Compound that's up and you're doubling the divi every 7 years.
Most people make the mistake of buying high yield shares but fail to realizes many are high yield due to low quality and then suffer when the divi growth stops or is cut.

[chrismcglone] 07/4/2015 20:21

Buffetteer, 2.3% till June 2020. RBS believe it or not - which is my current lender. However, 60% loan-to-value. So fortunately one of the few benefits of having paid a mortgage for more years than I care to remember. But I’ll be taking it all the same thank you.

This share is the one that really got away for me. I invested a number of years ago while it was yielding 12% but just didn’t have the courage to put much in. How bad a decision that has turned out to be.

I could be retired already on a healthy annual salary from the divi alone if only I’d had bigger cahoonies!

[shanklin] 07/4/2015 14:30

Ex-div 18-Jun-15.

[buffetteer] 07/4/2015 14:28

Ex div i think

[shanklin] 07/4/2015 13:23

I thought this was good value at just over £21 after the results. Cannot see any justification for the current weakness.

[buffetteer] 07/4/2015 12:52

chris
Wow 2% -who offers 2% if you don't mind me asking pls ?

[chrismcglone] 07/4/2015 12:15

I wouldn’t disagree B. Funny how difficult it is to buy so far above your original purchase even though everything tells you something is still good value. But I have finally conceded the markets are going nowhere while there is such little return for cash elsewhere.

Still can’t get my head around the 5yr mortgage rate I’ve been offered - just over 2%. Especially when i was paying 15.5% when I first bought my house. Can they go any lower?

[buffetteer] 06/4/2015 19:09

Topped up last week at £20.70. On 11x forward earnings & peg of .73 I see good upside.

[chrismcglone] 26/3/2015 12:51

Small batch purchased at under £3 when they were yielding 12%. Given the high % ownership among family members - both serving and retired - I banked on the divi not being cut, as would normally happen when a high yielder has a big share price drop.

Only wish I had followed my head and invested more at the time. Instead I chased a few gold juniors and we all know what’s happened there. Dohh!

[madmix] 24/3/2015 17:51

Also bought in here for the first time today (thankfully around lunchtime).

Like others, I see this as a quality company to tuck away and not trade.

CWA1 - thanks for the research link. The question of where we are in the credit cycle is a fair one. A bit like the question of how much longer the bull market has to run. I certainly don't have the answer to that one!