S & U's trading update reinforced the positive messages contained in May's AGM statement. Average monthly applications for Advantage (non-prime motor lending) have continued to grow, allowing the Group to further improve new loan quality. As a result, while lending growth lags total demand, the potential for lower impairment charges in the medium term has increased in our view. Current year impairment is likely to be slightly higher than we previously forecast but we are confident that slower co ....
07 Aug 2018
S&U Reaction Note - Cautiously Positive Trading Update
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S&U Reaction Note - Cautiously Positive Trading Update
S&U plc (SUS:LON) | 1,900 -190 (-0.5%) | Mkt Cap: 230.9m
- Published:
07 Aug 2018 -
Author:
Capital Access Team -
Pages:
6
S & U's trading update reinforced the positive messages contained in May's AGM statement. Average monthly applications for Advantage (non-prime motor lending) have continued to grow, allowing the Group to further improve new loan quality. As a result, while lending growth lags total demand, the potential for lower impairment charges in the medium term has increased in our view. Current year impairment is likely to be slightly higher than we previously forecast but we are confident that slower co ....