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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| S & U Plc | LSE:SUS | London | Ordinary Share | GB0007655037 | ORD 12 1/2P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 5.00 | 0.34% | 1,460.00 | 1,436 | 16:35:06 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 1,440.00 | 1,460.00 | 1,460.00 | 1,450.00 | 1,460.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Personal Credit Institutions | 115.44M | 25.44M | 2.0934 | 6.93 | 176.79M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:06 | UT | 3 | 1,460.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 29/10/2024 | 14:00 | UK RNS | S & U PLC Update on Advantage Finance Limited |
| 23/10/2024 | 14:35 | UK RNS | S & U PLC Director/PDMR and PCA Shareholding |
| 23/10/2024 | 13:00 | UK RNS | S & U PLC Director/PDMR and PCA Shareholding |
| 14/10/2024 | 10:57 | ALNC |  S&U says FCA lifts Advantage Finance collection process restrictions |
| 14/10/2024 | 06:00 | UK RNS | S & U PLC Update on Advantage Finance Limited |
| 08/10/2024 | 11:02 | ALNC | S&U interim profit dives as impairment charge increases |
| 08/10/2024 | 06:00 | UK RNS | S & U PLC Interim Results for the 6 months to 31 July 2024 |
| 04/10/2024 | 06:00 | UK RNS | S & U PLC Notice of Investor Presentation |
| 19/9/2024 | 13:00 | UK RNS | S & U PLC Trading Update |
| 12/8/2024 | 08:45 | ALNC | S&U sees second half rebound at Advantage after FCA probe takes toll |
S & U (SUS) Share Charts1 Year S & U Chart |
|
1 Month S & U Chart |
Intraday S & U Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 27/11/2024 | 09:49 | S&U - is it the most | 1,773 |
| 22/9/2011 | 12:55 | Another new high - how far will it go????????? | 1 |
| 24/11/2006 | 15:12 | For goodness sake check these fundamentals! | 12 |
| 14/4/2002 | 21:48 | S & U revised forcasts and predictions | 11 |
| 14/4/2002 | 09:38 | S & U (SUS) Anyone fancy this ahead of the results??? | 22 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 16:35:06 | 1,460.00 | 3 | 43.80 | UT |
| 15:59:33 | 1,451.02 | 37 | 536.88 | O |
| 15:05:21 | 1,460.00 | 100 | 1,460.00 | O |
| 15:05:19 | 1,460.00 | 100 | 1,460.00 | O |
| 12:59:23 | 1,451.00 | 135 | 1,958.85 | O |
| Top Posts |
|---|
Posted at 03/12/2024 08:20 by S & U Daily Update S & U Plc is listed in the Personal Credit Institutions sector of the London Stock Exchange with ticker SUS. The last closing price for S & U was 1,455p.S & U currently has 12,150,760 shares in issue. The market capitalisation of S & U is £176,186,020. S & U has a price to earnings ratio (PE ratio) of 6.93. This morning SUS shares opened at 1,460p |
Posted at 22/11/2024 13:17 by jeffian There's an article in todays Telegraph ( ) which may be behind a paywall but you can probably access it by taking a 'free trial'. It's mainly about the FCA but interestingly Chairman Coombs is quoted, involving SUS. It is a reiteration of the current situation arising from the recent Court of Appeal decision but it does give me some cause for concern, whereas previously I was comforted by the idea that SUS was simply not involved in the commission practices being investigated.Of course the previous FCA investigation for which SUS has just been given clearance didn't involve commission at all, it was all about 'affordability' checks and practices for collecting from distressed borrowers. Insofar as the Commission cases going through the Courts were concerned, these were brushed off. In a trading update on the subject, SUS said "In the meantime, S&U notes that these decisions do not specifically relate to 'difference in charges' models of commission (currently the subject of an FCA review) in which Advantage Finance has never been engaged." However, the article makes it clear that it is not just practices where loans were offered on the basis of the highest commission earned by dealers and not disclosed to the borrower, but cases where any commission was involved which had not been specifically disclosed to the customer and approved by them. Of course, it is not at all certain that the Appeal Court decision will stand but it would be nice to know from the company whether they have ever been involved with commission of any sort and whether their customers were aware of this. |
Posted at 16/11/2024 00:59 by jeffian Hi chris,"While i am fairly confident we don’t have significant liability here, the association is enough to punish us with the rest." That was certainly my view before, and what led me to buy a few more recently at 1727 (ouch!), but I'm afraid I'm not as confident now "we don’t have significant liability" because the Court Of Appeal has moved the goalposts. Clearly we were not involved in the type of loans where brokers commission was hidden from the customer or influenced the cost of the loan, but the Court decision seems to say that any loan involving a broker's fee may result in a claim for mis-selling and I'm not at all clear whether that involves SUS or not. There are clearly a number of steps to go through. Firstly, the Appeal Court's decision is being challenged, so we may revert to the position where SUS is simply not affected. Secondly, we need clarity on whether SUS would be affected if the Appeal Court decision stood. Thirdly, we need to understand the potential extent of any compensation. It's not yet known whether this will lead the FCA to reopen their investigation into SUS but, either way, it would seem to put a brake on new business in the short term and a potential big hit if they are drawn into the compensation scheme in the longer term so, whilst this may well be "one of the best buying opportunities I’ve had for years", it would take a very, very brave person to plunge in while these matters remain unresolved. My own position will be to sit on my hands and do nothing (as ever!) until things become clearer. I am an admirer of the management's attitude to shareholders and I am sure that, as per their last statement on 29/10, they will continue to update us promptly as things evolve, but I see the shares remaining under the cosh until things are clearer. |
Posted at 05/11/2024 13:51 by jeffian There's quite a long piece in the Times' 'Tempus' column today (behind a paywall, I'm afraid) with an "Avoid" recommendation.They do seem to grasp that the current litigation over commission-led deals does not affect SUS (which has never used that model) but feel it will remain a shadow over the whole sector for a while. The conclusion seems to be to wait and see whether the recovery in business since the completion of the FCA enquiry comes through in line with the Chairman's statements. |
Posted at 01/11/2024 10:29 by jeffian Not sure I quite understand that remark. SUS were, at the outset and for very many years, a 'doorstep lender' and took what at the time appeared to be the dramatic and rather brave (or 'worrying' for us shareholders) step of selling the whole business and starting out anew in car finance, later supplemented by property finance. This turned out to be an inspired decision and timing. SUS have prospered precisely because they are NOT loan sharks but provide modest amounts of credit on acceptable terms to people who may not otherwise be able to borrow at all from traditional sources such as banks. This is a prosperous, secure, well-run family business and I can't see how "leaving it all together" would be of any benefit at all to the company, its shareholders and customers. |
Posted at 31/10/2024 10:27 by jeffian The financial press this morning is full of stories about the car sales market being in meltdown as the main commission-led lenders (Lloyds, Close etc) have frozen all new business in the light of the latest Court judgement against them. Although this relates mainly to new car sales on PCP-type contracts and SUS deal mainly in small loans in the used-car market, one wonders whether there is an opportunity here for them to step in and fill at least part of the gap? Every cloud.... |
Posted at 29/10/2024 16:25 by jeffian Further to my #1735, I noted the sharp drop yesterday which I put down to the misinformed reacting to Lloyds statement regarding its ongoing problems with commission charged on its car loans (which SUS has explained time and again does not apply to them). I left a modestly low-ball limit offer on the table to buy, and this has now been filled. Don't know what will happen tomorrow, which could be chaotic if the markets take against Reeves, but in the longer term I'm happy to keep adding when opportunities like this arise. |
Posted at 08/10/2024 22:57 by jeffian 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. |
Posted at 08/10/2024 16:38 by jeffian 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. |
Posted at 08/6/2024 13:29 by jeffian 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. |
Posted at 13/4/2024 11:11 by jeffian The market will no doubt tar all 'lenders' with the same brush but, as spelt out repeatedly by Coombs in his various reports and presentations, this doesn't affect SUS as they don't pay commissions. |
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