Updates

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.

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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Lok 'n' Store

Future - Digital publishing business eyes further acquisitions

OneSavings Bank (October 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 - Q3 lending rises Â£548m (December 2015)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X