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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Secure Trust Bank Plc | STB | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.00 | -0.26% | 383.00 | 08:23:30 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 383.00 | 383.00 | 383.00 | 384.00 |
| Industry Sector |
|---|
| BANKS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 14/08/2024 | Interim | GBP | 0.113 | 29/08/2024 | 30/08/2024 | 26/09/2024 |
| 21/03/2024 | Final | GBP | 0.162 | 25/04/2024 | 26/04/2024 | 23/05/2024 |
| 09/08/2023 | Interim | GBP | 0.16 | 31/08/2023 | 01/09/2023 | 28/09/2023 |
| 30/03/2023 | Final | GBP | 0.291 | 27/04/2023 | 28/04/2023 | 25/05/2023 |
| 04/08/2022 | Interim | GBP | 0.16 | 25/08/2022 | 26/08/2022 | 26/09/2022 |
| 24/03/2022 | Final | GBP | 0.411 | 21/04/2022 | 22/04/2022 | 19/05/2022 |
| 05/08/2021 | Interim | GBP | 0.2 | 26/08/2021 | 27/08/2021 | 27/09/2021 |
| 25/03/2021 | Final | GBP | 0.44 | 22/04/2021 | 23/04/2021 | 21/05/2021 |
| Top Posts |
|---|
Posted at 20/11/2024 23:04 by p1nkfish STB is a bit player in this.Granted they are small so won't be able to carry the impact like Lloyds and bigger players can but their exposure is also relatively small. Would be useful to have some numbers to help define the potential problem. |
Posted at 20/11/2024 22:08 by red ninja Article in Times today states Moody’s putting the size of this scandal now at £30 billion. STB not mentioned in article.Note, the size of the impact if any on STB still not known. RNS from yesterday shows Farringdon capital has sold 1.5% of STB. |
Posted at 18/11/2024 12:39 by omvi The whole industry had to stop issuing loans after the judgement. It’s not just STB. Honda wouldn’t allow people to pick up their cars for a week even on already agreed loans.It’s just a huge unknown until the court of appeal judgement. I think it’s unfair to expect business to comply with FCA rules then tell them they owe compensation for something within the FCA guidelines. I can’t see how that’s appropriate and hope the court of appeal will rule against compensation where it was within FCA guidelines. |
Posted at 14/11/2024 15:08 by tomps2 Secure Trust Bank (STB) Capital Markets Event - November 2024Secure Trust Bank management provides an overview of its Commercial Finance Business and its role in helping the business achieve its medium-term targets. The Commercial Finance management team outline the product offering, the size of the market, the team’s track record, further growth opportunities, the recurring revenue benefits of the model, as well as their approach to structuring and risk management. Watch the video here: Or listen to the podcast here: |
Posted at 09/11/2024 03:30 by red ninja Isn’t the IGIndex holding just punters buying through IGIndex.However, with the impact of the Appeal court ruling on STB unknown and what the Supreme Court may rule unknown it is a gamble. It may be a bargain or maybe Not. I am not sure the trading statement will make things clearer either. DYOR |
Posted at 01/11/2024 11:44 by martinmc123 STB – Secure Trust Bank2* Secure Trust Bank issued a profit warning this morning triggered completely by weakness in the Group’s Vehicle Finance business. As indicated in the Group's interim results announcement on 14 August 2024, the pausing of collections activity following the FCA's Borrowers in Financial Difficulty review led to a higher volume of Vehicle Finance loans reaching default status...from WealthOracle wealthoracle.co.uk/d |
Posted at 16/10/2024 13:15 by smithie6 a comparison of STB shares with the shares of another lender, MFX.========= btw another company doing lending in the UK, lse:stb ..it has a p/e of ~6, double the p/e of 3 for MFX. I guess that MFX perhaps deserves a lower p/e because with a cap. value of only £18m many institutions/fund surely are not able to own any shares in MFX, (& some PIs avoid companies with such a small cap. value) whereas STB has a cap. value of ~£150m, where many institutions/funds are allowed by their own rules to invest. but being half price in comparison, that looks way overdone imo. ------ How do STB & MFX compare for growth 2019 & 2023. Revenue (data taken from financial summary page of advfn) STB. £165m. £185m. % increase = 1.1 MFX £26.7m. £53.3m % increase = 2.0 (revenue 2023/revenue 2019) (MFX. doubling the revenue in 4 years, impressive) For revenue growth MFX wipes the floor with STB, yet the p/e of MFX is half that of STB ! Doesn't make sense imo. imo either STB is too expensive or MFX is too cheap ! |
Posted at 16/8/2024 11:12 by 34adsaddsa They said they were thinking 1/3 of the FY dividend paid as an interim dividend and 2/3 paid as a final dividend. If that's what happens then the total dividend paid would be slighly higher than last year. |
Posted at 16/7/2024 06:46 by p1nkfish Progressive initiate coverage.Interims 14th August. Progressive - "We initiate coverage on Secure Trust Bank (STB), a leading retail deposit-funded specialist bank operating in four core markets with substantial growth opportunities. STB’s ambitious and achievable medium-term targets aim to deliver significantly higher profitability combined with a lower-risk earnings stream. The key to much of this is STB’s grip on technology and the extent to which it has been embedded across all businesses and integrated with its business partners. STB has a 31 December financial year-end, and will announce 2024 interim results on 14 August." |
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). |
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