Today's trading update shows that both divisions, Advantage Finance and Aspen, continue to perform well. Advantage has outshone its market, providing more loans (transactions “ahead”) than last year despite lower consumer confidence. Aspen has continued to grow profitably, though has not met management expectations due to a housing market in which transactions fell 9% YoY in the quarter. In light of this the 47% growth in the loan book, albeit from a low base, is doubly impressive. We see nothin ....
08 Aug 2019
S&U - Quick Take
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S&U - Quick Take
S&U plc (SUS:LON) | 1,900 -190 (-0.5%) | Mkt Cap: 230.9m
- Published:
08 Aug 2019 -
Author:
Oliver Juggins -
Pages:
5
Today's trading update shows that both divisions, Advantage Finance and Aspen, continue to perform well. Advantage has outshone its market, providing more loans (transactions “ahead”) than last year despite lower consumer confidence. Aspen has continued to grow profitably, though has not met management expectations due to a housing market in which transactions fell 9% YoY in the quarter. In light of this the 47% growth in the loan book, albeit from a low base, is doubly impressive. We see nothin ....