We are trimming our forecasts following the Group’s trading statement for 1st August to 6th December 2018. Tighter underwriting and increased competitive pressures have caused a reduction in new loan agreements, with a knock-on effect on the top-line and earnings that is compounded by slightly higher impairment. However, impairment changes and a slowdown in recent growth are well flagged to the market, with an 18% increase in monthly collections indicating a near-term reversal of the tr
07 Dec 2018
Trading update
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Trading update
S&U plc (SUS:LON) | 1,900 -190 (-0.5%) | Mkt Cap: 230.9m
- Published:
07 Dec 2018 -
Author:
Michael White -
Pages:
2
We are trimming our forecasts following the Group’s trading statement for 1st August to 6th December 2018. Tighter underwriting and increased competitive pressures have caused a reduction in new loan agreements, with a knock-on effect on the top-line and earnings that is compounded by slightly higher impairment. However, impairment changes and a slowdown in recent growth are well flagged to the market, with an 18% increase in monthly collections indicating a near-term reversal of the tr