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SUS S & U Plc

1,660.00
-5.00 (-0.30%)
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 -0.30% 1,660.00 32,364 16:40:35
Bid Price Offer Price High Price Low Price Open Price
1,610.00 1,645.00 1,665.00 1,620.00 1,650.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Personal Credit Institutions 115.61M 17.91M 1.4742 10.99 202.31M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:40:35 O 4 1,610.00 GBX

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Posted at 21/6/2025 09:20 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 1,665p.
S & U currently has 12,150,760 shares in issue. The market capitalisation of S & U is £196,842,312.
S & U has a price to earnings ratio (PE ratio) of 10.99.
This morning SUS shares opened at 1,650p
Posted at 21/6/2025 17:08 by davebowler
STB is half the P/E of SUS ,I see and in strong recovery mode, judging from the recent price rise.
Posted at 12/6/2025 22:30 by chrismcglone
Jeffian (and anyone else interested)
After considering an ISA purchase for some time now, i finally took the plunge yesterday. Here’s my thoughts.
I watched the recent presentation a couple more times.
I have to say I’m not quite as optimistically positive as the opinion expressed by Anthony Coombs - but I’ve covered that above. That said, I’m certainly not pessimistic, far from it. I still think the future is bright - even if we do have to suffer a few more rain showers before we see the rainbow.
The positives:

The FCA S166 process is now concluded and by all accounts went well.
The company also appears to have invested in staff and back room functions in order to place the business in a good place moving forward.
The performance of ASPEN is extremely encouraging and there seems to be no reason why it cannot sustain this in the coming years; independent views predict continued growth in the bridging market conservatively at 25% through to 2029. While far from spectacular, i see no reason why Aspen can’t continue to grab an increasing share of that business.
I like some of the fundamentals, eg P.E in single figures, PEG of 0.5, Divie 7%
I’m pleased tha the divie is maintained, albeit at a slightly paired back rate but i think that’s sensible given the dip in performance. I’ve always felt the large family holding was the primary reason for an excellent dividend record but I’m happy to hitch a ride. After all, the dividend is high on my reason for holding this share. I also feel it is now in great ‘Value’ territory. I’m not after capital gain specifically but i would hope that once the shadow of discretionary commissions is lifted, a recovery in share price may follow.
Talking of which, we are reassured by the company that DC’s without customers knowledge were never used.
I’ve always like the significant skin in the game by the controlling family. It doesn’t guarantee good management but it helps.
Having those shares tightly held also ensures a pretty small free-float and, consequently, very low churn rates.

The negatives:
We await the conclusion of the Supreme Court, scheduled for the end of this month or beginning of July. Anyone’s guess - so i appreciate i have taken a bit of a gamble not knowing what they might say that could further impact the industry in general.
That said, I see ASPEN as a bit of a safety net against bad news.
I would rather the borrowing level was a bit lower but it does appear to be headed in the right direction and remains well below the maximum. facility available.

I appreciate the above is a very brief skim of everything i looked at and considered prior to committing my hard earned cash but hopefully it looks like we might get a bit more clarity in the coming months. The AGM is just around the corner and i expect that to be fairly sanguine and to reflect the opinions already expressed by Anthony Coombs, even with a fairly predictable poor Q1 Trading update for the time being.
Posted at 03/4/2025 18:02 by jeffian
There was much arcane talk about what constituted "bribery" and whether the car dealers had a fiduciary duty to their customers. It was highlighted that there was a clear difference between "Discretionary" commissions (which were outlawed in 2023) and the type of fixed commission that SUS use, which was previously considered lawful and within FCA rules but which the Appeal Court considered "unfair". The FCA appearing today pointed out that if that was the case, it opened up the entire market to legal action wherever the transaction involved some sort of credit financing, which is sort of scary. It may be that the Supreme Court decision differentiates between the two as well. Who knows?
Posted at 21/1/2025 10:14 by brucie5
No comment here on the Reeves intervention? It's sent STB up quite sharply and given that SUS has questionable involvement at worst in the "misselling" this might be quite good news for the shares.
Posted at 12/12/2024 08:28 by tmfmayn
Martin Lewis on claiming compensation from the motor industry: https://www.moneysavingexpert.com/reclaim/car-finance-undeclared-commission/Commendably, he is on the fence about claiming compensation following the wider 'commission disclosure' legal ruling, which is the ruling that effects SUS. He implies huge claims based on this ruling may impact the future of the industry and the availability of motor finance generally. Hopefully his influence may lower the potential claims, but let's see.
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 08/10/2024 17:38 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.
S & U share price data is direct from the London Stock Exchange

S & U Frequently Asked Questions (FAQ)

What is the current S & U share price?
The current share price of S & U is 1,660.00p
How many S & U shares are in issue?
S & U has 12,150,760 shares in issue
What is the market cap of S & U?
The market capitalisation of S & U is GBP 202.31M
What is the 1 year trading range for S & U share price?
S & U has traded in the range of 1,230.00p to 1,960.00p during the past year
What is the PE ratio of S & U?
The price to earnings ratio of S & U is 10.99
What is the cash to sales ratio of S & U?
The cash to sales ratio of S & U is 1.7
What is the reporting currency for S & U?
S & U reports financial results in GBP
What is the latest annual turnover for S & U?
The latest annual turnover of S & U is GBP 115.61M
What is the latest annual profit for S & U?
The latest annual profit of S & U is GBP 17.91M
What is the registered address of S & U?
The registered address for S & U is 2 STRATFORD COURT, CRANMORE BOULEVARD, SOLIHULL, WEST MIDLANDS, B90 4QT
What is the S & U website address?
The website address for S & U is www.suplc.co.uk
Which industry sector does S & U operate in?
S & U operates in the NONDEPOSITORY CREDIT INSTN sector

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