The scenario of higher unemployment and pressure on average incomes that threatens S&U’s motor finance customers has become reality with remarkable speed. Nevertheless, we believe government actions should provide mitigation and even allowing for an increase in arrears the company is likely to generate cash as collections outpace much reduced lending demand, augmenting the liquidity headroom it already has. This together with maintenance of relations with customers, brokers and intr
16 Apr 2020
S&U - Sound liquidity, positive near-term cash flow
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S&U - Sound liquidity, positive near-term cash flow
S&U plc (SUS:LON) | 1,835 734 2.2% | Mkt Cap: 223.0m
- Published:
16 Apr 2020 -
Author:
Andrew Mitchell -
Pages:
8
The scenario of higher unemployment and pressure on average incomes that threatens S&U’s motor finance customers has become reality with remarkable speed. Nevertheless, we believe government actions should provide mitigation and even allowing for an increase in arrears the company is likely to generate cash as collections outpace much reduced lending demand, augmenting the liquidity headroom it already has. This together with maintenance of relations with customers, brokers and intr