The trading update (7th December 2018) confirmed that S & U's strategy is progressing according to plan. Specifically, against an uncertain economic backdrop, it has continued to impose tighter lending criteria at Advantage (motor loans) while it is proceeding cautiously with Aspen Bridging Finance (residential refurbishment). In combination, this has prompted slight reductions in our top of the range profit forecasts, but it has served, also, to reduce our expectations for net debt. Thus, we be ....
11 Dec 2018
S&U Update Note - Prudence & Sense
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S&U Update Note - Prudence & Sense
S&U plc (SUS:LON) | 1,900 -190 (-0.5%) | Mkt Cap: 230.9m
- Published:
11 Dec 2018 -
Author:
Capital Access Team -
Pages:
7
The trading update (7th December 2018) confirmed that S & U's strategy is progressing according to plan. Specifically, against an uncertain economic backdrop, it has continued to impose tighter lending criteria at Advantage (motor loans) while it is proceeding cautiously with Aspen Bridging Finance (residential refurbishment). In combination, this has prompted slight reductions in our top of the range profit forecasts, but it has served, also, to reduce our expectations for net debt. Thus, we be ....