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Business description

S&U’s Advantage motor finance business lends on a simple hire purchase basis to lower- and middle-income customers who may have impaired credit records which restrict their access to mainstream products. At end FY18 it had over 54,000 customers.

Growth as promised, more to come

Update | Financials | 31/03/2015

S&U has been promising excellent growth and in FY15 it delivered even more than was expected. Pre-tax profits were up 34% and EPS was up 38% on FY14. This was driven by a 48% increase in motor advances and home credit, which has been stable for many years, delivered an 11% increase in advances on a 7% increase in customer numbers. Funding continues to be prudent (gearing 66%) and a deposit licence is being sought. We expect modest consensus upgrades.

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Stock data

Market cap.£303.1m
Last close2525.000p
High / Low (52 weeks)2790.0p / 1925.0p
Stock market listingLN
Forecast net debt (£m)145
Forecast gearing ratio (%)86

Price performance

Relative *0.2(7.4)24.5

* % Relative to local index

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