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OneSavings Bank - Shares outperform market

September 2015

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
  • Price:
  • 344p
The shares hit a new high of 360p after OSB released interims ahead of expectations. Loans and advances grew by 17% to £4.6bn, most of which was down to originations from the network of intermediaries although there was also a small purchase of a second charge mortgage portfolio. The company’s secured lending criteria, coupled with the improving economic backdrop in the UK resulted in hardly any (only 40 out of 17,000) loans going wrong.The lending growth was chiefly funded through retail deposits (up almost £1bn year-on-year to £4.6bn) and also participation in the government’s Funding for Lending Scheme (FLS). This reduced the overall cost of funds and helped expand its Net Interest Margin (NIM) up f ...

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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.

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