Member Info for Beza

Good to know, thank you. It’ll be interesting to hear their predictions on where they think prices are going. I’m holding AEP and RE. It’s been a great year to hold these.

Looking for SUS to have a couple of decent trading before going ex d on Thursday.

NSI and JSE both trade below nav but as always dyor

Oil stocks up today after the announcement of new sanctions on Russian oil. This could cause the coal price to spike up which would be a welcome boost.

New sanctions on Russian oil could bring energy related shares back into the spotlight.

… plus the coal price has fallen quite a bit which is bad, Thungela is also suffering.

Pictsloup,

My fears entirely. I was a holder of a 10,000 LAS shares that I sold a few months ago (at a hefty % loss I might add) because the investment was dead money, no divi, no growth, no communication, no sign of the shares moving anywhere.

As my portfolio was up overall I chose to get the cash out and buy a divi payer (SUS) so I offloaded and I’m so glad I did.

There’s no reason why the same couldn’t happen here.

I feel sorry for the investors with big money invested. We all bought into companies trading well below NAV on attractive fundamentals but it’s been a car crash.

Will the shenanigans at LAS have any knock on effect at BISI? Whats peoples take here?

Nice timing by the Daily Mail!

The share price continues to slide. I think it’s because the market thinks that the company will not be able to pay the divi out of earnings.

If this is the case it has two choices; pay it out of the cash reserves, or cut it.

Source: Google Finance

Peel Hunt upgrades S&U

Peel Hunt has upgraded S&U after interim results show the recovery at the specialist lender is ‘gathering steam’.

Analyst Stuart Duncan moved his rating from ‘add’ to ‘buy’ and retained his £20 target price on the group, which was trading up 1.7%, or 30p, at £17.40 on Thursday, taking gains for this year to near 20%.

The lender reported a return to growth, with interim profits up 22% to £16m as the ‘group’s recovery from regulatory headwinds progressed well’, said Duncan.

The shares climbed earlier this year when a Supreme Court decision overturned an earlier ruling that found car dealers had a legal duty to act in the best interests of customers when arranging loans, and that commission payments to dealers were tantamount to a ‘bribe’.

Duncan said the share price bounce was ‘appropriate given the improving backdrop and limited exposure to the sector-wide Financial Conduct Authority issues’.

‘The price/earnings valuation now stands at 8 times for the year to January 2026, or a price/net asset value of 0.9 times,’ he said.

‘We retain our target price of £20 and with upside of 17% from the current share price, we upgrade our recommendation.’

Yes, it’s taking a pasting. Trading ex div today, 7.5p

Solid results and dividend.

When you consider this £17 back in 2024 when the ftse was 8300 ish, this has the capacity to move up. I’m thinking £19 - £20 / share but dyor.

Also Bangrak, what do you think to New Star, ticker NSI?

They’ve languished around the 100p - 130p mark for a while ( I sympathise with long term holders), with. NAV around the 160p mark (ish).

However, the NAV is at last moving up. Could be looking at 185 when they report.

What caught my eye was this £600K share purchase by the Duffield last month…

It pays a divi too.

Excellent find Sir! I’m also aware (about 2 months ago) of a broker note by Panmure saying that their financial position continues to improve. They too were bullish.

Https://www.theguardian.com/business/2025/oct/06/uk-regulators-crackdown-claims-firms-car-finance-payouts

Results here tomorrow. They were confident at the last presentation and since then I don’t think anything outside of their control (interest rates, FCA enquiry ) has got any worse, plus the housing martket appears to be showing a few signs of life.

I’m hoping for a positive statement on Thursday.

I’m surprised how little interest there is in this share. It’s had a good rise but still looks very cheap.

Some directors buying too for the first time in about 4 years.

This can’t be on many people’s radar, i guess.

What makes you think that things are going to pick up from here Lemmink, or was that last trade to average down?

Last year was a one off EPS. The forecast is for EPS to be about 40p/share.