• Capital Access

S&U Reaction Note - Cautiously Positive Trading Update

S & U's trading update reinforced the positive messages contained in May's AGM statement. Average monthly applications for Advantage (non-prime motor lending) have continued to grow, allowing the Group to further improve new loan quality. As a result, while lending growth lags total demand, the potential for lower impairment charges in the medium term has increased in our view.


© 2019 by Capital Access Group.

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