The AGM trading update supports our FY19 earnings growth forecast of 19% as S&U benefits from the inherent “momentum in the system” from loan activity in recent years. Advantage has proven to be a highly resilient business model; whilst competitive activity in the car financing market has had some impact on product mix and impairment, the group is not exposed to the PCP market and, with an average loan of £6,200, the prospect of declining residuals on the business model
18 May 2018
AGM trading update
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AGM trading update
S&U plc (SUS:LON) | 1,892 -473.1 (-1.3%) | Mkt Cap: 230.0m
- Published:
18 May 2018 -
Author:
Ben Thefaut -
Pages:
4
The AGM trading update supports our FY19 earnings growth forecast of 19% as S&U benefits from the inherent “momentum in the system” from loan activity in recent years. Advantage has proven to be a highly resilient business model; whilst competitive activity in the car financing market has had some impact on product mix and impairment, the group is not exposed to the PCP market and, with an average loan of £6,200, the prospect of declining residuals on the business model