S & U Share Discussion Threads

[chrismcglone] 19/7/2019 18:18

And as alluded to in the header, a significant purchase would probably have generated a huge spread so I would prob have been limited to what I could have bought.

[chrismcglone] 19/7/2019 18:16

I recall looking at the dividend yield when I bought my first stake Plasy. It was around 12%. After the crash and as the share price dropped with everything else. Ordinarily you could bet your house on a divi cut under those circumstances. However,a couple of things persuaded me otherwise to take a gamble. The very small free float/shares traded and the significant family holdings, particularly family members already retired. I reckoned they had a particular vested interest in maintaining the dividend and the company could just about ride it out so long as they flew under the radar. As I said, my only regret was failing to put my money behind my gut instinct and conviction of my own research. But hey, I’m not greedy and as I said, I try and top up occ, even at these levels. I’m no longer looking for capital growth.

[plasybryn] 18/7/2019 16:52

I also started my investment when it was around £2 per share from memory! Can't recall how many years ago that was, but a long time! But did come out recently when it lost its mojo. Starting to re- build again now. As you say, under the radar, but superbly managed. No heroics, just careful prudent financial controls to ensure ongoing safe growth.We don't need good luck her!!

[chrismcglone] 18/7/2019 16:26

Somebody obviously woke up to it a few years back but I like the fact that it has now had a good 5yrs or so of consolidation at these levels. One of the reasons I would be comfortable investing a bigger amount now. I think it presents fair value and as I said, it’s one I don’t ever intend selling unless I was forced to. The income is definitely what I am after here.

[chrismcglone] 18/7/2019 16:21

That’ll be me me Plasy :-)
As I said Ilostthelot, I bought this around 10yrs ago now essentially for the divi (growth). It has not disappointed. I never invested nearly enough - as is often the case with your best investments. I did a fair bit of research on it before buying and had been watching for about a year. As you know, some of my very first investments were the Lloyd’s of London syndicates so I’ve always kept an eye out for general insurance plays. I occ drip-feed small amounts in and will keep doing that until I retire. I will then probably put a slightly bigger lump sum in. I like the fact it is pretty much off the radar and beaten track for most.

[plasybryn] 18/7/2019 15:47

Who is Chris?

[ilostthelot] 05/7/2019 18:00

Cheers for the heads up Chris. It's on my watch list now. Slow and steady wins the race here 👍

[plasybryn] 12/6/2019 16:12

Ex dividend on 21st June. Perhaps more buying ahead of that. Still a great long term income and growth play imo.

[hsduk101] 03/6/2019 21:42

This stock has been on a nice little rise for the last few days. Looks like theres demand for this stock out there

[plasybryn] 24/5/2019 15:19

Mojo being restored. Chart and sentiment improving. New high before Xmas perhaps!

[hsduk101] 23/5/2019 18:02

/Anyone concerned by the debt they hold and their debt payment extension?

[pugugly] 23/5/2019 06:27

Well done the Coombs family - Their interests are our interest - All can sleep easy for the next year (imo) -

[gabsterx] 23/5/2019 06:06

Positive sounding statement today:



Advantage Finance, S&U's motor finance business, continues to trade well with profits up on last year, whilst customer numbers now exceed 60,000 for the first time. Advantage's continuing policy of focussing on debt quality is proving its worth in light of current economic uncertainty, with current collections up 6% compared to net receivables, at £263m, up 3% against last year. Similarly, impairment has shown recent improvement and rolling 12-month risk adjusted yield is now slightly improved at just over 25% (31 January 2019: 24.6%).

These healthy indicators are also reflected in the record number of applications for finance that Advantage is currently receiving, averaging over 108,000 per month. This has meant that, even within the tightened under-writing regime, recent transaction volumes and quality as recorded in tiered tranches are showing improvement.

Aspen Finance, S&U's new property bridging lender, continues to make impressive progress. Its loan book now stands at £22m against £18m at year end, as its product range, introducer network and reputation continue to grow. This is evidenced in both the number of its recent illustrations and, most importantly, in its active deal pipeline, which is at a record level and has doubled over the period.

The Group's current progress has been reflected since year-end in an increase in Group borrowing from £108m to nearly £114m. This is well within our budgeted requirements and within our recently increased £160m medium term facilities, providing ample headroom for our anticipated growth.

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

"Recent trends in our business are encouraging, particularly in transaction growth, debt and new customer quality. Together with our tried and tested traditional emphasis on continuous process refinements and improvements for our customers, these give us confidence of further steady and sustainable growth and a successful year ahead."

[plasybryn] 16/5/2019 17:19

What happened at the SUS Capital Day - 15th May?

[plasybryn] 05/5/2019 08:11

Yes shame because it is worth listening too. This Co. is one in a million just getting on with doing the business. Comparing the EPS to the current share price makes it look unusually good value as well.

[gabsterx] 05/5/2019 05:45

Good interview, horrible audio quality. Coombs sounded like Chewbacca calling from a landline from the 1940s.

[rndm355] 02/5/2019 12:37

latest interview with Anthony Coombs: