Updates

OneSavings Bank

May 2016

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.

Having been weak ahead of the Budget the shares recovered after One Savings produced strong results with net interest income increasing 36% to almost £170m and pretax profit rising 52% to almost £106m. Eps increased 43% to 34.8p.Total loans jumped 31% to £5.1bn, driven by gross new loan origination of £1.8bn (2014: £1.5bn) and a purchase of a £260m second charge mortgage portfolio. The key cost:income ratio improved from 28% to 26% while net interest margin (the difference between income from borrowers and its own funding costs) improved 0.18% to 3.09% reflecting higher lending volumes plus cheaper cost of funds helped by use of Government’s Funding for Lending Scheme. Savers deposits incre ...

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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 - 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.

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