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S&U - Management in good cheer

April 2002

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.

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S&U provides a variety of credit products, including home collected credit as well as rent-to-own credit for second-hand cars through its Advantage subsidiary. We briefly outlined these activities in the March issue and have since met managing director, Anthony Coombs. Coombstold us that the home collected division continues to produce recordresults generating an 18-20% return on capital. Most customers gethooked into the convenience (90% come back) which has helped the business achieve longetivity.  S&U doesn't operate in the volume end of Cattles and Provident and has stricter lending criteria including proof of income. Bad debts are also 4.5% of net receivables, lower than the 6% industry average.   ...

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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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