Daniel Gladiš of Vltava Fund presented his investment thesis on S&U plc (UK: SUS) at European Investing Summit 2022.
S&U is a small specialist non-bank lender based in Birmingham, UK. The main business (Advantage Finance) has a long and successful track record. The second, younger business (Aspen Bridging) offers a logical addition and has good growth potential. The company is family-owned and managed, with very good corporate governance and shareholder distributions. It is a simple business and offers a combination of a conservative balance sheet, an attractive growth profile, and a deeply discounted valuation.
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About the instructor:
Daniel Gladiš, based in the Czech Republic, has amassed a market-beating track record since starting VLTAVA Fund in 2004. VLTAVA Fund is a value-oriented, research-driven investment fund focused on investing in good companies run by quality management. Previously, Daniel was Director and Chairman of the Board of Directors of ABN AMRO Asset Management (Czech) from 1999–2004. He was also Director and founder of Atlantik finanční trhy, a.s., a member of the Prague Stock Exchange. Daniel is a graduate of VUT Brno and has authored the best-selling books Naučte se investovat (Learn to Invest) and Akciové investice (Stock Investments).
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