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OneSavings Bank

June 2018

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.

  • Epic Code:
  • OSB
  • Price:
  • 393p
Final results showed One Savings, a challenger bank that lends through the Kent Reliance and InterBay brands, increasing pretax profit by 21% to £167.7m and eps by 23% to 51.1p. Loan book increased 23% to £7.3bn and net interest margin was stable at 3.16%.One Savings Bank’s main business is lending to professional landlords, a niche within buy-to-let that continues to grow in spite of a Government tax crack-down; professional landlords tend to have larger portfolios of four units or more and operate within companies where tax relief on mortgage interest is still allowed. This side increased its net loan book by 37% to £5.6bn, with volume of new organic lending increasing 23% to £2.4bn. The proportion o ...

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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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