Edition:
United Kingdom

OneSavings Bank PLC (OSBO.L)

OSBO.L on London Stock Exchange

406.20GBp
19 Mar 2019
Change (% chg)

8.40 (+2.11%)
Prev Close
397.80
Open
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406.20
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399.20
Volume
857,781
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469,729
52-wk High
453.60
52-wk Low
327.40

Latest Key Developments (Source: Significant Developments)

Onesavings Charter Recommends All-Share Merger Of Co And Charter Court Financial
Thursday, 14 Mar 2019 

March 14 (Reuters) - OneSavings Bank PLC ::ONESAVINGS CHARTER COURT FIN - RECOMMENDED ALL-SHARE COMBINATION OF OSB AND CCFS.ONESAVINGS CHARTER COURT FIN - RECOMMENDED ALL-SHARE COMBINATION OF OSB AND CCFS.ONESAVINGS BANK PLC - EACH CHARTER COURT SHAREHOLDER WILL BE ENTITLED TO RECEIVE: FOR EACH CHARTER COURT SHARE: 0.8253 NEW OSB SHARES.ONESAVINGS BANK - IMMEDIATELY FOLLOWING COMPLETION, CHARTER COURT SHAREHOLDERS WILL OWN APPROXIMATELY 45 PER CENT. OF SHARE CAPITAL OF COMBINED GROUP.ONESAVINGS - BELIEVES DEAL WITH CHARTER COURT WILL RESULT IN £22 MILLION PRE-TAX COST SYNERGIES ON ANNUAL RUN-RATE BASIS BY 3RD YEAR OF DEAL CLOSE.ONESAVINGS BANK - ANDY GOLDING & APRIL TALINTYRE, CEO & CFO OF CO RESPECTIVELY, TO RETAIN THEIR POSITIONS OF CEO & CFO RESPECTIVELY IN COMBINED GROUP.ONESAVINGS - DEAL ANTICIPATED TO BE EARNINGS ACCRETIVE FOR SHAREHOLDERS OF BOTH OSB AND CHARTER COURT IN 2021 (EX. ADDITIONAL FINANCING COSTS).ONESAVINGS BANK - SEBASTIEN MALONEY, CURRENTLY CFO OF CHARTER COURT, WILL BE RETAINED AS AN ADVISER TO COMBINED GROUP FOR A PERIOD OF UP TO 12 MONTHS.ONESAVINGS BANK PLC - IAN LONERGAN, CURRENTLY CEO OF CHARTER COURT, WILL ASSUME ROLE OF INTEGRATION DIRECTOR OF COMBINED GROUP.ONESAVINGS - UPON DEAL CLOSE, CO INTENDS THAT COMBINED GROUP WILL MAINTAIN CURRENT LOCATIONS AND BE HEADQUARTERED IN CHATHAM, UK.ONESAVINGS BANK - COMBINED GROUP TO ADOPT POLICY OF PAYING OUT AT LEAST 25% OF UNDERLYING PROFIT AFTER TAXATION ATTRIBUTABLE TO ORDINARY SHAREHOLDERS.  Full Article

Charter Court Financial FY Pretax Profit 158.2 Mln stg Vs 111.7 Mln stg
Thursday, 14 Mar 2019 

March 14 (Reuters) - Charter Court Financial Services Group PLC ::CHARTER COURT FINANCIAL SERVICES GROUP PLC - FY PROFIT BEFORE TAX £158.2M VERSUS £111.7M.CHARTER COURT FINANCIAL SERVICES GROUP PLC - FY NET INTEREST MARGIN 3.08% VERSUS 3.19%.CHARTER COURT FINANCIAL SERVICES GROUP PLC - 24.2% LOAN BOOK GROWTH (2017: 40.9%) FOR FY.CHARTER COURT FINANCIAL SERVICES GROUP PLC - BOARD HAS INCREASED DIVIDEND PAY-OUT RATIO TO 25% OF RETAINED PROFIT FOR YEAR.CHARTER COURT FINANCIAL SERVICES GROUP PLC - INAUGURAL TOTAL DIVIDEND PER SHARE 12.7P FOR 2018.CHARTER COURT FINANCIAL SERVICES - CET1 RATIO AT FY-END 15.7% VERSUS 15.6%.CHARTER COURT FINANCIAL SERVICES GROUP PLC - FINAL DIVIDEND OF 9.9 PENCE PER SHARE MAKES AN INAUGURAL TOTAL DIVIDEND FOR 2018 OF 12.7 PENCE PER SHARE.CHARTER COURT FINANCIAL SERVICES GROUP PLC - HAS A ROBUST PIPELINE GOING INTO 2019 AND HAS MADE A POSITIVE START TO YEAR.CHARTER COURT - BOARDS OF CHARTER COURT AND ONESAVINGS BANK PLC EXPECT TO RECOMMEND POSSIBLE COMBINATION TO THEIR RESPECTIVE SHAREHOLDERS.  Full Article

Onesavings FY Underlying Pretax Profit Up 15 Pct To 193.6 Mln stg
Thursday, 14 Mar 2019 

March 14 (Reuters) - OneSavings Bank PLC ::ONESAVINGS - PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DEC 2018.FY UNDERLYING PROFIT BEFORE TAX(1) INCREASED 15% TO £193.6M (2017: £167.7M).FY UNDERLYING PROFIT BEFORE TAX INCREASED 15% TO £193.6M (2017: £167.7M).WHILST ECONOMIC EFFECT OF BREXIT MAY IMPACT SOME BUSINESS OPPORTUNITIES, ONESAVINGS BANK IS POSITIONED WELL.FY LOAN BOOK GROWTH OF 23% TO £9.0BN (2017: £7.3BN).FY NET INTEREST MARGIN AT 304BPS (2017: 316BPS).RECOMMENDED FINAL DIVIDEND OF 10.3 PENCE PER SHARE GIVING A FULL YEAR DIVIDEND OF 14.6 PENCE PER SHARE.ONESAVINGS BANK SAYS CORE BUY-TO-LET SEGMENT CONTINUED TO GROW IN FY, ATTRACTING PROFESSIONAL LANDLORDS.NOT ABLE TO PROVIDE USUAL DETAILED GUIDANCE FOR FINANCIAL YEAR AHEAD.FY COMMON EQUITY TIER 1 ('CET1') CAPITAL RATIO OF 13.3% (2017: 13.7%).WE ARE TODAY PLEASED TO ANNOUNCE RECOMMENDED ALL-SHARE COMBINATION OF ONESAVINGS BANK AND CHARTER COURT FINANCIAL.ONESAVINGS BANK - DESPITE UNCERTAINTY SURROUNDING BREXIT, WE WOULD EXPECT TO DELIVER MID-TEENS NET LOAN BOOK GROWTH IN 2019.SEES 2019 NIM MARGINALLY LOWER THAN 2018.  Full Article

OneSavings Bank HY Pretax Profit Rises 17 Pct
Thursday, 23 Aug 2018 

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 

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 

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 

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 

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

Ex-divs to take 7.5 points off FTSE 100 on March 21

LONDON, March 18 The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, the effect of the resulting adjustment to prices by market-makers would take 7.5 points off the index. RIC Name Dividend Dividend Stock Option Impact Currency (pence)