Shares in fully-listed S&U plc (LSE:SUS), the niche home credit and motor finance provider in the UK was a stock that I tipped on my Nifty Fifty service at an offer price of 839.5p in November. Following the publication of results the other day they now trade at 975p-1020p. The spread is wide enough to drive one of mad Ken Livingstone’s bendy buses through but sometimes you just have to bite the bullet. But at this price? Look at the dividends.
The chairman of S&U is Anthony Coombs a former Tory MP who is far too much of a real Conservative to have much to do with Call Me Dave’s hapless Government. And thus Coombs starts his comment on S&U’s results with the observation that