S&U’s trading update for the period since its half-year end confirmed that it is trading in line with expectations and our estimates are unchanged. Transactions and receivables outstanding continue to grow even though underwriting criteria have been tightened. Impairment rates have edged up further but should stabilise and reverse as the loan book mix evolves.
08 Dec 2017
S&U - Positive trend in quantity and quality of lending
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S&U - Positive trend in quantity and quality of lending
S&U plc (SUS:LON) | 1,878 0 0.0% | Mkt Cap: 228.1m
- Published:
08 Dec 2017 -
Author:
Andrew Mitchell -
Pages:
3
S&U’s trading update for the period since its half-year end confirmed that it is trading in line with expectations and our estimates are unchanged. Transactions and receivables outstanding continue to grow even though underwriting criteria have been tightened. Impairment rates have edged up further but should stabilise and reverse as the loan book mix evolves.