|Secure Trust Bank
||EPS - Basic
||Market Cap (m)
Secure Trust Share Discussion Threads
Showing 51 to 73 of 75 messages
|They are a very solid bank. Interesting comments on unsecured lending. Definitely the challenger bank to back in my view along with Arbuthnot. May be dull, but you won't have a permanent loss of capital risk.|
|"The combined effects of the performance of the continuing operations in and the one off profit arising from the sale of Everyday Loans means that 2016 is expected to be the tenth successive year when the return on required equity is in the region of 30%"
Undervalued, but 2017 looks promising for STB.|
|Wait a minute, EDL sold... Is not that they made their profits. Where are going to make their money from now?|
|Looking at the interim figures out earlier this month.
Interim underlying profit pre-tax was £17.4M up 54% giving earnings of 78.5P.
With further progress expected in H2 the full year could reach £40M profit which would work through to about 180P of earnings.
The shares were around £30 not long ago , which might have been on the high side , but at 2070P currently 11.5 times profits , they certainly still look good value.
At 15 times earnings we would be looking at 2700P as a possibe target
DYOR - just my rough calculations|
|They do not believe that they can offer an account that is value for money given that they charge £12.50 a month.
Ouch! I have to say, I think I would prefer to rely on a "mainstream bank".|
|Hope the share price will go back up to £24 - pre-Brexit level.|
|Excellent results today.|
|I've bought some today after failing to get a buy away on Friday. A very solid bank with a 50% off sale price. Reasonably baffled by struggling to get a buy on Friday and then having to pay £18 today. Long-term still a good buy at this level though.|
|in response to above .... this from a web search on the issue ... naiSecure Trust are closing current accounts from 120916 in response to the basic accounts that have been launched by main stream providers since January 2016.They do not believe that they can offer an account that is value for money given that they charge £12.50 a month.A pity - the system worked and you did not have to rely on a mainstream bank.|
|Secure Trust Bank
Questor says BUY
|Oh dear ! That's bit scary.I think all the fundamentals are better in Brexit scenario than what we have in 2008 during financial crisis.So hopefully it shouldn't fall further unless I am missing something.|
|I have an account with STB and have found them to be reasonably good at what they do. However I received a letter from them last week telling me that my account will be closed in a couple of months and they told me to make alternative arrangements. Strange.|
|Apart from going Ex Div., the share price is continuously falling in the absence of any RNS.Any clue anyone !!!|
|Apart from going Ex Div., the so is continuously falling in the absence of any RNS.Any clue anyone !!!|
|This has a forecast profits growth of over 30% for the next 2 years and is paying a whopping divi next week yet is out of favour and has dropped heavily recently.
Can't see any obvious reason for this.|
|Thomas - thnx for that. Easier of course to go direct to Edison - free registration if not already done so:
|Read Edison's note on SECURE TRUST BANK, out this morning, by visiting hxxps://www.research-tree.com/company/GB00B6TKHP66
"Secure Trust Bank is an established ‘challenger217; with a record of organic profitable growth. The Everyday Loans Group sale provides substantial regulatory capital for organic and potentially inorganic growth. The move into mortgages will further diversify lending. Despite a record of rapid loan book expansion, an ROE/COE valuation model suggests the market is reluctant to make full allowance for profitable employment of the surplus ..."|
|Very interesting move today. On balance I would say it is very positive indeed at this point in the cycle.|
|Ex Dividend today I believe.|
|Stunning results today.
Interesting thing is the increase in customer balances of 59%. These have doubled since December 2012 (quadrupled since 2011) - with over half of this increase coming in H2 2014 when STB added £174.7m of advances. In other words there should be a big increase in profit when these contribute fully to the results for the period.
STB still has a very high Core Tier 1 ratio (23%) - so expect it to continue to pile on the assets for the foreseeable future - and this will lead to an accelerating rate of profit growth.
For me this is THE quality player amongst the challenger banks - although when Shawbrook floats next month there will be a worthy competitor for the top slot.|