Morning all, Jack here with Tuesday's SCVR.

Explanatory notes -

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Agenda -

Jack's section:

S&u (LON:SUS) - positive outlook from this family-owned finance company that seems ably run for the long term.

Zotefoams (LON:ZTF) - the company has spent a lot of money building up its operations and the products, apparently, are world-leading so now is the time for management to execute and prove to the market that a growth multiple is deserved. Some cost pressures are set against a positive near term outlook.

Beeks Financial Cloud (LON:BKS) - brief in line update from this provider of low latency solutions for financial markets. The group is in investment mode, with negative free cash flows, so the question is whether this investment is being spent wisely to build a larger and more profitable business down the line.

Jack’s section


Share price: 2,820p (pre-open)

Shares in issue: 12,145,260

Market cap: £342.5m

(I hold)

S&U is a holding company for two subsidiaries: Advantage Finance and Aspen Bridging. The former is a non-prime used car finance established in 1999 and the latter focuses on loans for the short term residential and refurbishment markets. Aspen was only launched in 2017 and has yet to reach meaningful scale, but management is optimistic of its future contribution to the group.

Fittingly, the post that first brought this onto my radar is called ‘Credit Where Credit is Due’…

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