Updates

OneSavings Bank - Q3 lending rises Â£548m

December 2015

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The shares moved towards their high after it disclosed net loans and advances grew £986m to £4.9bn for the first nine months, driven by further strong organic expansion. As a result full year growth should be “ a few percentage points ahead of the 29% loans growth in 2014.” In Q3 lending increased by £548m split roughly 80:20 between buy-to-let (BTL) and residential mortgages and full year net interest margin is expected to be “slightly ahead” of the 3.05% delivered in H1 ’15.Cost to income ratio remains very strong and slightly higher than the 26% in H1 ’15 due to planned infrastructure investment. The capital position also remains robust.Shore Capital has nudged up 2015- ...

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Marstons

OneSavings Bank (October 2018)

OneSavings Bank (June 2018)

OneSavings Bank - Sector re-rated after Shawbrook bid (May 2017)

One Savings Bank - Challenger bank has Â£300m to make eps enhancing acquisitions (January 2017)

One Savings Bank - Too cheap on prospective PE of 5.6 (December 2016)

OneSavings Bank (May 2016)

OneSavings Bank - Results ahead of expectations (November 2015)

One Savings Bank - Specialist buy-to-let lender growing at terrific rate (June 2015)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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