S & U Share Discussion Threads

[melton john] 21/10/2024 08:31

Interesting article PUG, there are times when a bit of tough love is needed rather than indulging kids' lack of confidence. You don't build character and resilience in people by doing everything for them.

[pugugly] 21/10/2024 06:49

Not so old -
FACT CHECKED - Loads of snowflakes
UK's sick pay timebomb that risks a lost generation of workers

[saint or sinner?] 20/10/2024 17:13

'if press leaks correct' - do you mean if for once they aren't just making stuff up?

Some tired old cliches you've put out there PUGUGLY.

[pugugly] 20/10/2024 14:11

Main risk (imo) is that new government (which appears to be - if press leaks correct- going to hammer business with extra taxes and woke legislation) and makes profit a bad word, will rob businesses to fund those who prefer to live off The Social rather than get off their backsides and work for their money.
So we have to work and have our earnings and savings stolen by politicians, most of whom have never had to run a business and do not have a clue that for many it is 24 hours a day - 7 days a week .

[alfie4048] 20/10/2024 12:12

Only downside is the spread, but I intend to be adding here every couple of months for the next 10 years or so...

[saint or sinner?] 17/10/2024 13:30

Nice to see Mr Market appreciating the more positive outlook again.

[shbgetreal] 15/10/2024 15:08

'We jumped the gun on S&U'

I mean, anyone with a pair of eyes could read on the S&U website the statement that they would not be affected by the FCA probe - as credible as bloody IC.

[jeffian] 15/10/2024 09:19

Tipped by the Telegraph's Questor today.

[chrismcglone] 14/10/2024 10:52

This is enough for me to add. I've had these since the £3 days and enjoyed a decent capital gains and some good dividends. The retired Coombs family members was always a reassurance that dividends would be protected. That said, I would be happy to see some of my dividends go towards reducing the debt level as I think this is one of the things scaring off other potential investors and improving the share price Only my opinion.

[jeffian] 14/10/2024 10:20

Good news that the FCA restrictions are being lifted. Hopefully the worst is behind us and the cash can start to flow again?

[jeffian] 08/10/2024 22:57

RE "the current political ideology", Coombs makes an interesting point in the presentation when asked about perceived dangers from a Labour Government. He claims that he has had some sympathy from the Left in arguing that SUS provides a service to many a core Labour voter who is otherwise cut out of the credit market altogether because the banks won't touch them. These are working people who must have a van for work or a modest car for family use but may not have the credit record/profile for anyone else to lend to them.

[pugugly] 08/10/2024 16:47

jeffian - Thanks - Was aware of loans position but with the current political ideology
the legal tend to bash the capitalists hopefully for both of us my twitches are unwarranted.

[jeffian] 08/10/2024 16:38

The FCA enquiries are covered thoroughly in the presentation (recorded if you want to go back and see it). They are nearly concluded now and all seems OK as far as SUS is concerned. Re the continuing action on PCP(?) plans, SUS were never involved in that. They make straight bank-style small (average about £8k) repayment loans and do not pay hidden brokers fees.

[pugugly] 08/10/2024 16:31

It is a very illiquid market - Virtually impossible to buy or sell in quantity. However totally agree jeffian - Also a long term holder but with slight worry over Car Loan investigation.

[brucie5] 08/10/2024 16:07

Thanks. Amomg very few market risers today... Might tell us something?

[jeffian] 08/10/2024 15:16

I've been in since 2001 and bought more along the way. I very much like the management style of the company and their ethos of aligning the interests of the Board and their shareholders (which was discussed in the presentation). Yes, I would see this as a buying opportunity, but I already have a pretty significant (for me) holding.

[brucie5] 08/10/2024 14:53

Jeffian, you a buyer here?

[jeffian] 08/10/2024 12:12

As you can see from the graph, quite well received!

[jeffian] 08/10/2024 10:56

Just a reminder that there is a presentation of the results starting at 12 noon if interested.

[jombaston] 19/9/2024 13:14

Spot on Tabhair. It is unacceptable to release a profit warning at this time. Either they are ignoring their advisers or they are getting bad advice.

This could have been released this morning or if too late tomorrow at 0700. Indeed, the issues - but not the severity - had already been flagged. They have made what is an understandable shortfall in profits worse.

[tabhair] 19/9/2024 13:05

As a result, Group profits in H1 are expected to be c.£12.8m and this is likely to cause the Group's financial year profitability to 31 January 2025 to fall below market expectations.

Mid-day profit warning. Poor form to issue this during market hours.

[shbgetreal] 04/7/2024 09:43

'Advantage Finance can confirm that it has never used any form of Discretionary Commission Arrangement and has never allowed the broker to influence the interest rate for any potential customer. Therefore, this action being taken by the FCA does not apply to Advantage Finance and any of its past business.'

[jeffian] 08/6/2024 13:29

OK maybe not "tiny" but certainly still small (PBT £1.45m in the period compared to an impacted £6.9m from Advantage and a more normal £10.5m last year (to which we will hopefully return soon)). At this stage, even stellar growth at Aspen can only marginally offset problems at Advantage which still provides the lion's share of Group profit.