S & U Share Discussion Threads

[cwa1] 02/8/2022 14:12

Took a handful at 2090p earlier. Looks reasonable value on a medium term view...I hope...

[dandigirl] 10/7/2022 12:09

Thank you, TMFM. Nice to read the thoughts of others.

Have held these for some years. We like the idea of the Coombs family having a major shareholding and, therefore, given their long history of careful stewardship, unlikely to do anything daft. How wise they were not to pursue the application for a bank licence.

SP very soft of late. It was nearly £30 several months ago. Don't think it has been this low for a good while. Seems the market agrees that car loans defaults could increase. It appears the move into property finance was timely. More eggs are to be redirected into that basket. Good.

Interims on 10/08 should provide a valuable update.

[tmfmayn] 10/7/2022 10:48

S & U: Record Dividend Delivers 6% Yield After FY 2022 Results Signal Higher Expected Write-Offs And Risk Of ‘Adverse Economic Environment’ #SUS

"NAV per share has gained 46% during the last five years and now represents 81% of the share price"

[paultj] 30/5/2022 18:56

Back to 2600 soon.

Chart looks in firm recovery mode.

[dandigirl] 26/5/2022 10:18

Excellent trading update this a.m.

[dandigirl] 01/4/2022 11:12

Just watched a recording of the results presentation.

Left with total confidence in the management team as a group of people who understand their business. The degree of analysis is awesome.

Led by Chairman Coombs, they all appear to be allowed to operate their own activities for the greater good. Nice to see some smiles - all very warm and natural.

Moreover, it is clear that the current year has continued where the old year finished. Take a look at the slide on page 21 - the 5 years record. That give me confidence in the direction of travel.

The future looks bright. Thank you, Mr Coombs and fellow board members.

[dandigirl] 29/3/2022 08:18

Absolutely stellar results.

Current yield is over 5% and twice covered.

[gabsterx] 29/3/2022 08:12

Agree with you PUG, absolutely murdered expectations and rewarded shareholders with highest dividend ever.

EDIT: Stock is flat, was expecting a nice pop today. Maybe a good opportunity to load up some more before people wake up!

[pugugly] 29/3/2022 08:04

As usual - Anthony Coombs has reported an excellent set of results and an incresed dividend - Rest easy eith Coombs - Management (owners) and investors interests are the same,

[southislandbrave] 16/3/2022 23:41

And any repossessions are likely to be worth more

[gabsterx] 15/3/2022 07:32

Added some more on the drop. New cars production is going to come to a crawl now even more so with the supply of neon being interrupted from Ukraine. This will lead to an higher demand for used vehicles, higher prices and therefore more volume and revenue for S&U.

[dandigirl] 11/3/2022 15:04

Too dated.

Try this............

[km18] 11/3/2022 13:14

...from last year...

Company overview:
S&U plc is the holding company of Advantage Finance and Aspen Bridging. Advantage is one of the post progressive motor finance companies in the UK. Founded in 1999 it has provided more than 180,000 clients with motor finance, through 150 employees. The focus of the company is used car sector financing of up to £15,000. Advantage is operating through more than 40 dealer and internet brokers, direct to dealers and re-finance from loyal clients.
Aspen Bridging is the younger arm of the group, founded in 2017, aimed at burgeoning short-term refurbishment and residential markets. The nature of the business demands for bigger amounts to be available – up to £5m, with average of £500k.
With zero acquisitions over the past years, organic growth is the name of the game for this Group. The correct evaluation of customers is key for both businesses. Advantage Finance, although receiving nearly 1.5m applications per year, has provided only 190,000 customer loans since inception in 1999. Aspen is relying on the professionalism of its underwriters, to monitor the refurbishment progress and visit the property to ensure anticipated exits through re-finance or sale.
The small cap has outstanding performance this year, according to the two trading updates we have so far. The first one from earlier in May presented as little information as the current from August. However, looking closely, we can see that “profitability was ahead of expectations” in May. Recent update is following the same positive flow with management stating that S&U trading is “ahead of expectations in terms of profitability, collections and book debt quality”. To provide substance, Advantage finance’s risk-adjusted yield is beating the budget, while operational cost is comfortably within budget. This creates a solid base for the company to increase significantly half year profit. Aspen’s performance is also looking good, as the business has benefited from the Government backed CBILS and hopes the portfolio of clients it has managed to create will bring more business opportunities.

Short analysis (FY 2021 while we wait for the Interim report on 28th of September):

Cash decreased significantly, mainly due to a big debt retirement bill of £19.4m
Net debt positive, as cash needs to recover from the withdrawal, and long-term debt sits at £98m
CA/CL = 20.09  
Interest coverage = 6.27
P/S = 4.09
BV ps = 1492, growing at 6.77% CAGR
Operating profit £21.7m, down from £40m in 2020
Gross profit Margin = 83%, up from 78% in 2020

[cwa1] 10/2/2022 07:40

Oh happy days :-)

[dandigirl] 10/2/2022 07:23

Another great trading update this a.m. Divi getting back on track.

[cwa1] 11/12/2021 17:06

S&U’s trading update (for the period since its July half-year end) was upbeat, reporting growth accelerating in both Advantage motor finance and Aspen bridging finance. Recent developments in the pandemic could temper near-term consumer confidence but, looking beyond this, S&U has successfully navigated the onset of COVID-19 while continuing to develop both its businesses, creating a good basis for longer-term growth.

[cwa1] 09/12/2021 08:11

Strong update by SUS'standards:-



S&U, the specialist motor finance and property bridging lender, today announces its trading update for the period from 1st August 2021 to 8th December 2021. The Group continues its growth rebound and is trading strongly, as the economy tentatively returns to normal despite the continuing uncertainty over the course of the Covid pandemic. Growth is accelerating in both businesses, despite a relative lack of used car supply and a quieter housing transaction market over the past quarter. Credit quality has returned to pre-pandemic highs and remains under close scrutiny. As a result, S&U has laid the trading and financial foundations for a return to its historical levels of significant, sustainable and profitable growth.

Commenting on the Group's performance and outlook, Anthony Coombs, S&U Chairman, said:



"S&U is in very fine form. Credit for this goes to our great people who have not only maintained an excellent service to customers, whatever the personal depredations or uncertainties of Covid, but are also continuously monitoring, planning and adapting within rapidly evolving finance markets. Much of this effort focusses on marketing and product development to attract new customers to enjoy our traditional offer of finance with a human face. That makes for an exciting and profitable future."

Nice :-)

[tmfmayn] 21/11/2021 16:18

S & U: Record H1 Profit Prompts Welcome 50% Dividend Rebound And Management Talk Of Loan Volumes Increasing 25% #SUS

"The £28 shares are close to an all-time high and may already reflect management’s webinar talk of car-loan volumes increasing 25% to 25,000 a year."

[tomps2] 29/10/2021 08:33

Lewis Robinson ‘slams’ S&U (SUS) at 17m8s in the latest PIWORLD/Stockopedia Stockslam

Watch the video here:

Or listen to the podcast here:

[pride23s] 06/10/2021 09:26

I am very bullish on bridging finance at the moment as the transition from small retail to residential can only continue to increase as the residential sector within city and town centres continues to grow.

[pride23s] 06/10/2021 09:23

It was an excellent presentation

[jeffian] 05/10/2021 10:00

Tipped in the Telegraph's Questor column today

[jeffian] 01/10/2021 10:25

Just to let you know there was an extremely interesting investor presentation via the Investor Meet website. I don't normally like to promote other websites on here but this is a free service provided by the company. Presentations by Coombs, the FD and MD's of Advantage and Aspen followed by questions from investors, pre-submitted and live. Takes about an hour. Great presentation and bullish about growth prospects going forward.

[ramridge] 28/9/2021 08:29

Looks very impressive
eps for 6 mths 133p ; FY21 eps = 121 ; so 6 mths eps is greater than previous full year's.
Broker forecast for full year = 187. Will easily exceed it by a wide margin If anything, performance is H2 weighted.

[someuwin] 28/9/2021 08:04

Looks fantastic!