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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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One Savings Banks / Charter Court Financial

May 2019

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/CCFS
  • Price:
  • 344p
We bought into both specialist buy to let lender OneSavings Bank (OSB) in December ’16 at 284p and its younger but faster growing rival, Charter Court Financial Services, in December ’17 at 234p and after a yo-yo performance (not helped by Brexit’s potential effect on transactions) they both rallied sharply after agreeing an all-share merger and are now 41% and 47% ahead, respectively.OSB is set to hold 55% and CCFS 45% of the enlarged group, with the former’s management set to take the senior roles. The deal is expected to lead to £22m of pretax synergies by the third anniversary of completion. Clearly, it will also provide greater scale and “muscle” (e.g. improved capital position, distri ...

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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.

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

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