Edition:
United States

OneSavings Bank PLC (OSBO.L)

OSBO.L on London Stock Exchange

343.00GBp
20 Nov 2018
Change (% chg)

-7.00 (-2.00%)
Prev Close
350.00
Open
348.40
Day's High
349.20
Day's Low
339.40
Volume
266,224
Avg. Vol
518,266
52-wk High
453.60
52-wk Low
339.40

Latest Key Developments (Source: Significant Developments)

OneSavings Bank HY Pretax Profit Rises 17 Pct
Thursday, 23 Aug 2018 02:00am EDT 

Aug 23 (Reuters) - OneSavings Bank PLC ::HY PROFIT BEFORE TAX INCREASED 17% TO £91.8M.HY NET INTEREST MARGIN OF 301 BPS (H1 2017 RESTATED: 324BPS).HY NET LOAN BOOK GROWTH OF 11%, DRIVEN BY 17% GROWTH IN GROSS ORGANIC ORIGINATION TO £1,444M (H1 2017: £1,229M).NOW EXPECT TO DELIVER NET LOAN BOOK GROWTH OF HIGH-TEENS IN 2018.INTERIM DIVIDEND OF 4.3P PER SHARE, UP 23% (H1 2017: 3.5P).THERE WILL BE FURTHER PLANNED EXPENDITURE IN SECOND HALF OF YEAR.CONTINUE TO SEE OPPORTUNITIES TO GROW OUR BUSINESS AT ATTRACTIVE RETURNS.CONTINUE TO EXPECT THAT COST TO INCOME RATIO WILL BE C.30% FOR FULL YEAR.REGULATORY AND TAX CHANGES IN BUY-TO-LET MARKET HAVE DAMPENED INDUSTRY-WIDE DEMAND FOR NEW PURCHASE MORTGAGES.CO HAS BEGUN TO TEST ENTRY INTO UK ASSET FINANCE MARKET, AND ANTICIPATE FUNDING FIRST TRANSACTIONS LATER THIS YEAR.  Full Article

JC Flowers sells 10 percent of OneSavings Bank shares ​
Tuesday, 9 Jan 2018 12:27pm EST 

Jan 9 (Reuters) - Onesavings Bank Plc ::‍ACCELERATED BOOKBUILD OFFERING TO INSTITUTIONAL INVESTORS OF APPROXIMATELY 24.3 MILLION EXISTING ORDINARY SHARES IN ONESAVINGS BANK PLC ON BEHALF OF FUNDS MANAGED AND ADVISED BY J.C. FLOWERS & CO. LLC ​.TRANSACTION REPRESENTS APPROXIMATELY 10 PERCENT OF BANK'S ISSUED SHARE CAPITAL‍​.‍IN PARALLEL WITH BOOKBUILD, A NUMBER OF EXISTING ORDINARY SHARES IN ONESAVINGS BANK HELD ON BEHALF OF JCF FUNDS EQUAL TO APPROX. 9% OF NUMBER TO BE SOLD UNDER BOOKBUILD PROCESS WILL BE DISTRIBUTED TO CERTAIN INVESTORS IN JCF FUNDS ​.  Full Article

OneSavings Bank sees full year net loan book growth of about 20 pct
Wednesday, 8 Nov 2017 02:00am EST 

Nov 8 (Reuters) - ONESAVINGS BANK PLC ::LOAN BOOK GROWTH OF 17% FOR NINE MONTHS TO 30 SEPTEMBER 2017 WITH NET LOANS AND ADVANCES GROWING BY £997M TO £6.9BN DURING PERIOD​.‍A RECORD QUARTER FOR ORGANIC ORIGINATIONS OF £677M IN THREE MONTHS TO 30 SEPTEMBER 2017​.‍TO DATE GROUP HAS DRAWN A TOTAL OF £1BN UNDER TERM FUNDING SCHEME AND DRAWINGS UNDER FUNDING FOR LENDING SCHEME HAVE BEEN REDUCED TO £92M​.‍EXPECT NET LOAN BOOK GROWTH OF C. 20% FOR FULL YEAR IN 2017​.‍EXPECT KEEPING NIM FOR FULL YEAR BROADLY FLAT TO 2016 AND COST TO INCOME RATIO BROADLY FLAT TO FIRST HALF​.‍"AS WE CONTINUE TO FOCUS ON PROFESSIONAL LANDLORDS AND INCREASE OUR MARKET SHARE. WE EXPECT LOAN BOOK GROWTH OF C.20% FOR FULL YEAR"-CEO​.  Full Article

JC Flowers sells 10 pct stake in OneSavings Bank for 110 mln stg
Thursday, 25 May 2017 02:09am EDT 

May 25 (Reuters) - Onesavings Bank Plc :Funds managed and advised by J.C. Flowers & Co. have sold 25,000,000 shares in OneSavings Bank PLC, representing approx. 10 pct of share capital.Shares were sold at 438 pence per share, equating to gross proceeds of approximately 110 million pounds ($142.87 million)for J.C. Flowers.  Full Article

JC Flowers funds to sell about 24.3 mln shares in OneSavings Bank - Bookrunner
Wednesday, 24 May 2017 11:40am EDT 

May 24 (Reuters) - Bookrunner::OneSavings Bank - Bookrunner says accelerated bookbuild offering of about 24.3 mln existing shares in OneSavings Bank plc.OneSavings Bank - offer represents about 10% of onesavings bank's issued share capital.OneSavings Bank - Bookrunner says on behalf of funds managed and advised by J.C. Flowers & Co. LLC (JCF funds).  Full Article

UPDATE 1-OneSavings raises annual lending growth expectations

Nov 8 OneSavings Bank Plc raised its lending growth guidance forecast to about 20 percent on Thursday, its second increase in three months, as it benefited from a focus on providing mortgage credit to bigger, professional landlords.