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S&U plc ( (GB:SUS) ) has issued an update.
S&U plc’s recent trading update indicates a positive outlook despite challenges faced by its Advantage Finance division due to regulatory constraints. An easing of these restrictions has led to improvements in collections rates and new advance volumes, signaling a potential recovery in profitability. Furthermore, the company’s Aspen Bridging division has experienced a record year with significant growth in net receivables and profits, driven by increased demand and effective cost control. The company anticipates continued growth supported by a more balanced regulatory environment and changes in leadership.
More about S&U plc
S&U plc is a specialist motor and property financier that operates within the financial services industry. The company focuses on providing motor finance through its Advantage Finance division and property finance via Aspen Bridging, catering to niche markets in the UK.
YTD Price Performance: 11.46%
Average Trading Volume: 5,212
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £195M
Find detailed analytics on SUS stock on TipRanks’ Stock Analysis page.
