S & U – 630p

Report dated: 26 September 2011
Market capitalisation: £73.9m
Sector: Financial General
Prospective p/e ratio: 9.5x
Prospective dividend yield: 6.0%

S & U is a niche consumer and motor finance provider based in Solihull – it has operations around the UK employing almost 800 staff and agents and providing loans to over 140,000 customers. The interim results saw increased revenues and profits in both the Home Credit business and the Motor Finance division with the latter doing particularly well. Group borrowings have fallen again and the dividend has been increased and the low prospective p/e ratio of just 9.5x and dividend yield of 6.0% provides scope for a re-rating

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