S&U (SUS)

Business description

S&U’s Advantage motor finance business lends on a simple hire purchase basis to lower- and middle-income groups that may have impaired credit records which restrict their access to mainstream products. It has c 54,000 customers currently.

Focus on growing car finance

Update | Financials | 20/07/2015

Following an unsolicited offer, S&U is selling its home collect business. Strategically, the sale allows greater resource to be devoted to the higher-growth car finance business (cash proceeds £82.5m, NAV increased by £47m) and an as yet unquantified but significant capital repatriation. Our valuation shows a modest increase on the disposal. We have cut our near-term normalised earnings forecasts modestly as the benefit of the full deployment of the sale proceeds is unlikely in the forecast period.

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Stock data

Market cap.£268.6m
Last close2240.000p
High / Low (52 weeks)2420.0p / 1883.5p
Stock market listingLN
Forecast net cash (£m)97
Forecast gearing ratio (%)N/A
TeamFinancials
SectorFinancials

Price performance

%1m3m12m
Actual(3.2)0.40.2
Relative *2.82.0(0.3)

* % Relative to local index

Company news

S&U

Fri, 09 Feb 2018 07:41:15 GMT

S&U

Tue, 23 Jan 2018 11:03:45 GMT

S&U

Wed, 07 Feb 2018 15:32:28 GMT

S&U

Thu, 07 Dec 2017 10:05:58 GMT

S&U

Sun, 18 Feb 2018 16:07:30 GMT