The H217 trading update confirms S&U tracking to our FY17 earnings growth forecast of 28%. The group has accelerated investment in FY17 into the strong demand for non-prime used vehicle loans which has been supported by significant available funds. This has generated inherent “momentum in the system” that will sustain superior earnings growth rates into FY18 and FY19. Despite this, the shares have underperformed in recent months, weighed down by adverse sub-sector sentiment. C
08 Dec 2016
Trading update
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Trading update
S&U plc (SUS:LON) | 1,878 0 0.0% | Mkt Cap: 228.1m
- Published:
08 Dec 2016 -
Author:
Ben Thefaut -
Pages:
5
The H217 trading update confirms S&U tracking to our FY17 earnings growth forecast of 28%. The group has accelerated investment in FY17 into the strong demand for non-prime used vehicle loans which has been supported by significant available funds. This has generated inherent “momentum in the system” that will sustain superior earnings growth rates into FY18 and FY19. Despite this, the shares have underperformed in recent months, weighed down by adverse sub-sector sentiment. C