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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Secure Trust Bank Plc | LSE:STB | London | Ordinary Share | GB00B6TKHP66 | ORD 40P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 8.00 | 1.17% | 690.00 | 6,006 | 16:35:09 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 684.00 | 692.00 | 682.00 | 678.00 | 682.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Commercial Banks, Nec | 185.5M | 24.3M | 1.2796 | 5.33 | 129.51M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:09 | UT | 619 | 690.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 10/4/2024 | 15:45 | UK RNS | Secure Trust Bank PLC Annual Report and Accounts and Notice of AGM |
| 02/4/2024 | 11:58 | UK RNS | Secure Trust Bank PLC Total Voting Rights |
| 28/3/2024 | 11:14 | UK RNS | Secure Trust Bank PLC Issue of Equity |
| 21/3/2024 | 19:05 | ALNC |  EARNINGS AND TRADING: Getech confident; Aukett Swanke makes buy |
| 21/3/2024 | 07:00 | UK RNS | Secure Trust Bank PLC Secure Trust Bank 2023 Annual Results |
| 12/3/2024 | 16:38 | UK RNS | Secure Trust Bank PLC Total Voting Rights |
| 16/2/2024 | 10:15 | UK RNS | Secure Trust Bank PLC Director/PDMR Shareholding |
| 16/2/2024 | 10:09 | UK RNS | Secure Trust Bank PLC Issue of Equity |
| 08/2/2024 | 16:53 | UK RNS | Secure Trust Bank PLC Holding(s) in Company |
| 08/2/2024 | 16:51 | UK RNS | Secure Trust Bank PLC Holding(s) in Company |
Secure Trust Bank (STB) Share Charts1 Year Secure Trust Bank Chart |
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1 Month Secure Trust Bank Chart |
Intraday Secure Trust Bank Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 09/4/2024 | 17:04 | Secure Trust | 806 |
| 23/10/2019 | 08:34 | Secure Trust Bank | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 15:35:09 | 690.00 | 619 | 4,271.10 | UT |
| 13:53:36 | 682.00 | 3 | 20.46 | AT |
| 13:48:21 | 689.40 | 215 | 1,482.21 | O |
| 13:15:45 | 689.22 | 2,885 | 19,884.04 | O |
| 12:40:41 | 687.78 | 73 | 502.08 | O |
| Top Posts |
|---|
Posted at 16/4/2024 09:20 by Secure Trust Bank Daily Update Secure Trust Bank Plc is listed in the Commercial Banks, Nec sector of the London Stock Exchange with ticker STB. The last closing price for Secure Trust Bank was 682p.Secure Trust Bank currently has 18,989,577 shares in issue. The market capitalisation of Secure Trust Bank is £129,508,915. Secure Trust Bank has a price to earnings ratio (PE ratio) of 5.33. This morning STB shares opened at 682p |
Posted at 21/3/2024 10:37 by lord gnome The only reason that the dividend yield appeared so high was because the share price has halved in the last two years. Something not quite right here. A huge discount to nav and yet it can't generate a decent return. |
Posted at 21/3/2024 10:17 by brucie5 Very frustrating, as I had this as one of my better dividend payers. Clearly it was not on a large discount for nothing and this follows hard on the heels of disappointing results from OSB. No wonder so many companies with large nominal dividends are at correspondingly large discounts - the markets simply do not trust the headline figures.Nevertheless, I haven't yet decided to sell. Traditionally, I believe cuts in dividends may be followed by rerating of the share price as the balance sheet strengthens. Maybe, maybe not. |
Posted at 21/3/2024 09:51 by tomps2 Secure Trust Bank (STB) FY23 results highlights - March 2024David McCreadie, CEO, outlines Secure Trust Bank’s Full Year 2023 highlights for the period ended 31 December 2023. Watch the video here: hxxps://www.piworld. Or listen to the podcast here: hxxps://piworld.podb |
Posted at 02/3/2024 19:56 by apple53 MrScruff,I agree this is a great opportunity for investors. I don't agree with your view on rates or growth etc., and I wrote the following to remind myself of history and the investment case for these banks. Higher rates tend to benefit earnings, though much higher rates are typically thought likely to increase bad debt charges. Materially higher rates and a high recession risk is normally enough to hit multiples. [it is important you don't have silly regulators that require you to buy reams of government bonds at low interest rates - this is what killed SVB and, arguably, First Republic]. Overall, though, there isn't really any correlation between rates and multiples. 'Any growth' doesn't tend to drive the share price violently up. Balance sheet growth requires capital, and more than it used to under Basel 1/2. In the case of STB the drive for rapid growth probably hit the share price, as it required a dividend cut, and also because some shareholders are rightly scared of rapid growth in bank balance sheets. One of the clearest correlations (with causation) in banking is rapid growth and subsequent high (sometimes disastrous) bad debts. Bank investors 'normally' like modest balance sheet growth, faster growth in fee income, a low level of dealing income and an expectation of a falling cost income ratio. Historically, banks have traded at 8-15x forward eps. It is only in the past few years that 5x earnings has been considered normal, and this in Europe, but not the US, where 9-12x is more typical. What is doubly weird about the ridiculously low multiples is that UK banks are much much safer than they used to be. Equity capital ratios are 2.5-4x higher than in the noughties. [There is a downside to this - RoEs are lower, and incremental growth needs more incremental capital]. They are also encouraged to ex-ante provision (which is good as it helps to smooth provisioning across the cycle). Overall CoE should be lower. None of this means that banks are immune to property market collapses. Some (US) banks are over-exposed to commercial property (NYCB). This has been the cause of most bad debt crises (as opposed to the liquidity crisis post-Lehman). Resi mortgages are also at risk from a big increase in unemployment, double digit interest rates, 40% falls in value (each in isolation) or a milder combination of the 3. The other risk to banks is social media, which magnifies problems that used to swept under the carpet, such that issues which might have been manageable with a couple of year's retained earnings can now be enough to cause a run. STB is probably the weirdest example (and could be the cheapest bank in the developed world), but OSB stands out even more. STB is tiny; OSB merely small. STB is building a growth track record; OSB already has one. STB is modestly profitable; OSB is very profitable (for a modern bank). STB is modestly at risk from an increase in bad debts; OSB is highly cushioned - it has SUCH a low cost income ratio that its leverage to an increase in bad debts is almost the lowest in the industry. If it was 10x the size and based in the US it would trade at twice the valuation or more. I have no idea when this situation will 'normalise', but in the mean time these banks need to buy back their stock (and I would happily forgo some yield to fund this). |
Posted at 10/11/2023 13:10 by kenmitch Brucie5Fwiw STB looks a stunning bargain. Though I take Broker price targets with a pinch of salt, Shore Capital reckoning the share could triple could prove correct in time. Current PE is 3 so a tripling share price would still mean a lowly 9 PE. STB gets 98 for value on Stockopedia and the share is down about 75% from peak. It looks way oversold. And scope to increase the 8.7% dividend in time too. Gets 99 on Stockopedia. I bought recently at £6 and added more today a bit higher. And today it’s a rare gainer in a sea of red. BTW….another very cheap looking share is GOOD which like STB is up even today. SCSW hasn’t had many successes for a while but GOOD highlighted at 176p in their October update could well prove an exception. IF earnings forecasts are to be believed upside looks very big! 18.6 eps and 9 PE to 12/24 and 33.2p and 5.2 PE to 12/25 and 69.2p and 2.5 PE to 12/26. I bought higher at a bit over £2 and added today. |
Posted at 09/11/2023 17:01 by wallywoo People are lazy, why don't you check the holding rns statement?Just under 1.8m shares (9.5%). However, 99% of pundits and management seem confused why this is soo cheap. Just look at the presentation to see that.In my experience these low share price scenarios sort themselves out without waiting too long. The share price is looking up, let's see how it trades over the coming weeks. |
Posted at 03/11/2023 06:38 by wallywoo After the disaster at Metro Bank, fear is ruling these smaller cap banking stocks. Fear is the most irrational of emotions, hence the share price here. The poor results from barc, Natwest, Stan, etc just add to the poor sector sentiment.The event on the 8th November hopefully will provide some balance against that fear as the news and actions from OSB did yesterday. I think and many pundits think stb is unfairly cheap currently. Let's hope we are right!! In the meantime, stb shareholders will need to hold their nerves, or of course give in to fear. I doubt that there's any real issues with STB but we will have to wait. I bgt in yesterday, risky bottom fishing bet for me!! |
Posted at 09/7/2023 14:51 by 1tx Unfortunately there is a "problem" with STB which I have mentioned before which means that the share price is likely to continue in an ever downward trend.It is quite simple almost nobody is interested in buying the shares.When STB was split out of Arbuthnot Latham (ARBB) the very canny Sir Henry Angest the controlling shareholder in ARBB managed to sell its shares to institutional investors at prices up to around £19 sadly perhaps the company did not live up to expectations & in addition interest in investing in smaller newcomer banks also declined.The net result is that the original investors have taken a cold bath. Whilst STB is a very well managed business & is profitable and has a credible business plan.It has failed to build any rapport with its shareholder base & realise that it now has one third the market value it original had;to maintain its value it has to attract private investors to replace original institutions.The management seems quite happy to manage this business to benefit themselves & its employees forgetting that shareholders who put up the original capital now have an investment worth about a third of the money originally invested.... |
Posted at 26/4/2023 12:03 by 1tx As far as I can see STB is turning itself into a mini Close Bros concentrating on Car & Vehicle finance,private & business & larger item consumer credit eg ebikes & furniture via its V12 Finance Company and secured business lending.The businesses being sold or run off are the mortgage and loan books which if memory is correct were acquired cheaply post the banking crisis when STB was owned by Arbuthnot Banking ARBB.On reflection I suspect STB had little alternative but to increase dividend cover due to the requirement to have additional capital cover.I note that its former owner Arbuthnot raised additional capital the other day unlike STB it has a controlling shareholder,Sir Henry Angest,who was able to put in nearly 60% of the new capital. The problem for STB is that when it was spun out of what is now Arbuthnot & in subsequent share sales by them the shares were all bought by institutional buyers mainly at prices between £15 & £20+.All these buyers are out of pocket and it has not attracted private investors to any degree partly because the sector is out of favour but partly also because STB has a management who don't really have a major shareholding in the business & perhaps do not consider the interests of shareholders.But presently at around £120m or so market value it is too small to attract further institutional interest & does not attract private investors either.Hence its ever falling share price.... |
Posted at 29/3/2023 12:03 by 1tx Whilst recent market sentiment to banks & consumer lenders has not helped matters.The major reason for the fall in STB share price was the dismal results for the first half of the 22 financial year announced in early August.The decision to have a four times covered dividend did not help matters either.Virtually everybody who has held STB for any period longer than a few months has lost money and those institutions who bought shares when it was floated out of Arbuthnot ARBB & in subsequent placings of ARBB's remaining holdings have made a massive loss.Most still hold the stock they bought,it is not easy to sell in large amounts unless there is a willing buyer.STB may be a bit undervalued but there is in my opinion a problem with the company.STB is not "connected" to its shareholders with smallcap companies you need directors who have a meaningful interest in the company & are interested in maintaining & improving value for shareholders.STB is run by managers for managers. |
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