Secure Trust Bank Share Discussion Threads

[spooky] 09/11/2023 16:02

Need to get rid of Ameriprise. Not going anywhere until they are out IMO.

[cfro] 09/11/2023 15:59

That's three times that presentation link has been posted today. I was the first btw Lol..

[tomps2] 09/11/2023 15:10

Secure Trust Bank (STB)Capital Markets Day given 8th November 2023.

A Pathway to delivery of the Medium Term Target of a £4bn loan book.

The day focussed on V12 Retail Finance, referred to as ‘An emerging powerhouse’. V12 is delivering significant growth, structural improvement in its cost of risk and significant operational leverage and scalability through digitalisation of customer service.

Then, Rachel Lawrence, CFO, went on to provide an update on the Group’s medium term targets. The event was opened by Lord Forsyth, Chairman, with David McCreadie, CEO providing an introduction and closing summary, followed by analyst and investor questions.

Video: 

Podcast: 

[catabrit] 09/11/2023 14:39

I think the seller wants out and this will continue to put a ceiling on the share price until someone in the market is happy to pick up a big chunk of these. Sadly, small caps are getting hammered across the board with monthly redemptions so I’m not sure when that tide will change.

[jaknife] 09/11/2023 14:20

If you didn't watch the Capital Markets Day then you can catch up with it here:

[cfro] 09/11/2023 14:17

Yesterday's presentation up on their website. Here's the link:





Good opening speech by Lord Forsyth. Making it clear they are NOT a challenger bank and he doesn't think the progress and future growth is reflected in the market price. They have changed advisors and new PR in order to get the story out to a wider audience.

[wallywoo] 09/11/2023 13:50

Well done, xamf. I have bgt here too over the last week. Share price is peeking over the trend line. British bull shares have them as a candle stick buy.


Let's hope the seller (ameriprise) are done or that there are takers for their shares. I'm hoping for a run-up over 800+ here but it's still one for the brave because it's a money lender with just £117m market cap!! But sometimes the market just gets the odd valuation wrong!!

[xamf] 09/11/2023 13:32

Thanks. It's almost too good to be true.

[p1nkfish] 09/11/2023 13:20

I dont think so, 2nd largest single holding in my portfolio.

[xamf] 09/11/2023 12:41

I've taken the plunge here again at 611 for a long term hold.
Had hoped to get them under 600 but I'm betting on the Q3 update underpinning the price. The fundamentals are amongst the best of any of the financials I've yet researched. PE 2.9, PEG 0.2, price to book 0.35 and dividend over 8%. Am I missing something?

[1tx] 08/11/2023 10:21

I would expect STB's consumer finance to be at best flat presently.V12 Finance,thair consumer finance division specialises in furniture,cycles,home improvements etc.Business in these sectors is fairly tough at the moment although we may see an uptick in trade in the New Year if bargains are available.

[wallywoo] 08/11/2023 08:57

It's strange, if you read the H1 results they are very bullish about H2. Big increase in profitability expected etc.


This Q3 statement is very muted by comparison. No wonder the share price doesn't know which way to go, now. There's nothing bad, they just say "steady as she goes ". Very different from the H2 is going to soar words in the H1 statement.


Perhaps there will be more clues in the capital markets event at 11am!

[rimau1] 08/11/2023 07:49

Decent steady update, i am a buyer at these levels. The £4bn loan book and a CIR of 44-46% is very achievable. I like the narrowing of targets at todays capital markets day. Nice to also see the deposit base growing as it should being the cost of funding the loan book down. Clearly the flagging of consumer finance slowing down is unhelpful but expected.

[p1nkfish] 07/11/2023 13:28

Look back further to get an idea where buying steps in on the weekly.

[p1nkfish] 07/11/2023 13:21

Volume of w/c commencing 6th Aug at 973K, low was 559.78p, from here it looks ok so long as ends weekly > 560p and a chance of a decent < 10% stop-loss at this price.

May be wrong but looks unloved, undervalued with possible catalyst if picture is not horrendous with a sensible stop-loss window.

[bones] 07/11/2023 13:07

It’s all about the bad debt provisions in retail tomorrow I think. If they are under control in the context of a worsening consumer environment, that should be positive.

[wallywoo] 07/11/2023 12:01

Watching this one closely. Coiled spring, imho. Waiting for tomorrow's lift off!!!

[cfro] 03/11/2023 16:08

Ameriprise must be selling below what they paid for them originally surely?

Makes you wonder if there isnt some distressed selling going on by them. They might be in a bit of schtuck perhaps..

[catabrit] 03/11/2023 10:43

We must not forget the big seller in the background, Ameriprise.

[p1nkfish] 03/11/2023 09:45

Agreed but not easy when fighting sentiment and ebbing money flows in the sector.

New Advisor might be onboarded at bottom.

Time for a change anyway.

[red ninja] 03/11/2023 07:59

The old advisor was not exactly successful in selling the STB story.
Maybe the new ones can do better.

[p1nkfish] 03/11/2023 07:11

Out with the old Acvisor.

[wallywoo] 03/11/2023 06:38

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!!

[indalo] 02/11/2023 16:30

Interesting to see todays weakness when OSB rallied 15% on a positive trading update. Any insights out there??