Professional
Added to YB: 2024-07-04
Pitch date: 2024-07-01
OSB.L [bullish]
OSB Group Plc
+54.66%
current return
Author Info
No bio for this author
Company Info
OSB Group Plc, through its subsidiaries, operates as a specialist mortgage lending company in the United Kingdom and India.
Market Cap
GBP 1.5B
Pitch Price
GBP 3.85
Price Target
N/A
Dividend
8.28%
EV/EBITDA
N/A
P/E
5.36
EV/Sales
N/A
Sector
Financial Services
Category
value
Vltava Fund New Position: OSB Group Plc
OSB.L: UK specialist bank for BTL mortgages. Low-risk lending (0.25% bad loans, 64% LTV), fully deposit-funded. 30% cost/income ratio, 15%+ ROTE/ROE. 7% dividend yield, trading below book value at P/E ~5. Undervalued due to small cap status, banking sector, and UK market. Expect return to normal profits after accounting-driven dip. Strong potential in growing BTL market.
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