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S&U plc ( (GB:SUS) ) just unveiled an announcement.
S&U plc has issued a trading update indicating a challenging yet optimistic outlook for the company. While Advantage Finance continues to face difficulties due to past regulatory pressures, improvements in collections and new advances suggest a potential recovery in profitability. Aspen Bridging, on the other hand, reports a record year, with significant growth in net receivables and profits, driven by rising demand for residential properties. The anticipated deregulatory agenda and positive economic signals offer a promising environment for S&U’s financial services operations, bolstering its future growth and shareholder returns.
More about S&U plc
S&U plc is a specialist motor and property financier, focusing on providing financial services in the motor finance and property finance sectors. The company operates through two main divisions: Advantage Finance, which caters to motor finance, and Aspen Bridging, which specializes in property finance, particularly in refurbishment and minor development projects.
YTD Price Performance: 13.19%
Average Trading Volume: 5,161
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £195M
For a thorough assessment of SUS stock, go to TipRanks’ Stock Analysis page.