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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  10.00 0.72% 1,405.00 1,360.00 1,450.00 0.00 0.00 - 223,301 16:35:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Banks 169.2 34.7 153.2 9.2 260

Secure Trust Bank Share Discussion Threads

Showing 126 to 149 of 150 messages
Chat Pages: 6  5  4  3  2  1
DateSubjectAuthorDiscuss
24/10/2019
03:38
Just lacks buyers due to off the radar of most absolute hidden gem very few about
linton5
23/10/2019
19:14
Delayed recovery after recent brexit bounce that it didn't join in at first. So cheap yet seems set to remain cheap for a while.
deadly
23/10/2019
07:34
Signifcant Shareholders, 31 Dec 2018 No.of Ordinary Shares % Invesco Perpetual Asset Management 3,544,465 19.18% Columbia Threadneedle Investments 2,902,234 15.71% Arbuthnot Banking Group PLC 2,869,538 15.53%.............. now 9.85% * Wellington Management Company 1,547,994 8.38% Ruffer 1,532,247 8.29% Mr Steven A Cohen 1,510,412 8.18% Unicorn Asset Management 1,257,410 6.81% BAE Systems Pension Fund Investment Management 845,753 4.58% * ARBB sold 5% 12 Apr 19, and promised not to sell any more for at least 6 months to 12 Oct 19
spob
18/10/2019
17:25
Valued for recession I guess, but agreed that a good company.
topvest
18/10/2019
13:22
Similar to S&U , STB has been derated whilst continuing to grow , like SUS they are nimble and continue to be run on a cautious basis . All domestic UK financials are unloved ( Banks , Life Cos , Asset Managers,REITS etc ) . STB looks attractive now on a 5year lock up in an ISA . Edison note out today hence the bounce .
bench2
16/10/2019
14:37
No one knows what market manipulators get up to but it doesn’t deserve to be this low,I believe in the company if you read up on last few years updates and news flow. So hence I’m sticking and picking up the lovely progressive dividend.if they bring her to silly levels BUY. Bgeo is another that I would plug for, still some cracking bargains floating about
linton5
16/10/2019
13:49
LINTON5 - the wide spread here coupled with the low volumes is still putting me off. Any thoughts?
archy147
16/10/2019
13:06
1300p, Mcap £240m
spob
16/10/2019
12:30
This share is a long term buy and hold for me. At the moment the market is valuing this company very conservatively. You can buy into a very good company at a very good price now.
rcturner2
16/10/2019
07:03
Looks good to me. All statements are going to be cautious in the present political situation. Hopefully we will be out of the EU by next month and everything will start to settle down.
this_is_me
16/10/2019
06:33
Agreed Linton, i am hoping that the slowing Q4 growth is already priced in given the share price performance over the past 4 weeks. I was also pleased that they flag no impact from FCA investigations into car finance which was a concern for me reading the weekend press so all good here. Top up opportunity on any further falls and if there is a brexit solution this should bounce with the rest of the banking sector. What are we priced at now, i make it eps 176p and 86p dividend so 7 times earnings and a 7% yield. Bargain.
rimau1
16/10/2019
06:07
Well done Nice read from secure trust ready to top up here
linton5
15/10/2019
19:12
Fingers crossed for tmmw I'm expecting a good update cracking wee bank this management seem very savvy
linton5
11/10/2019
15:13
Holding rns next week for sure guys biggest volume I've seen in a while here 😬
linton5
11/10/2019
10:59
The only bank in the red today mmmm
linton5
02/10/2019
16:06
How on earth can a "price" (of anything) be "manipulative"?
pvb
01/10/2019
12:16
Yes you forgot to say the share price is as manipulative as it comes shocking by the mms
linton5
01/10/2019
12:09
Ennismore recently adding to their existing position. This excerpt is from their Jan 19 newsletter Secure Trust Bank is a GBP 260m market capitalised, conservatively managed, specialist UK lender. The company is very shareholder return focussed and dynamically managed, being wary of the available returns adjusted for default risk. This ability to assess risk, enables them to act quickly and stop lending into a segment if they feel returns are no longer satisfactory and has enabled them to build and maintain a relatively small but well diversified loan book. The decision in the last couple of years to pull out of two different areas - subprime lending for motor purchases and specialist residential mortgages - bears testament to this. A further example of the management’s strong focus on creating shareholder value is the sale of the Everyday Loans Group in 2016 at two times book value, leading to an equity gain of around GBP 120m having paid GBP 1 for the business four years previously. This has helped them to generate more than GBP 250m of accumulated net profit over the last 7 years. As of the end of June, the company had a loan book of around GBP 1.8bn across various sub segments, generating an overall revenue margin of about 8.5%, which compares favourably to a provision rate of less than 2%. We feel the business is over resourced for a specialist lender, perhaps being prepared for a substantially bigger loan book over time. This generates a current cost to income ratio of over 55% which we would expect to improve in the medium term. Given the risks for this type of business however, we would definitely prefer an over resourced to an under resourced company. Real estate finance and retail finance, which grew 30% in first half of their fiscal year, are two main areas of lending and account for around two thirds of the loan book. Real estate lending focusses especially on the institutional buy to let market as well as lending into the residential house building sector. Retail finance lends to consumers via retailers in areas such as jewellery, sport season tickets, furniture and bicycles, typically on 12-month interest free type deals, receiving a fee from the retailer plus any future interest. The other main area of focus is for used car financing (15% of total lending) which, as already mentioned, was pivoted away from subprime consumer categories. Going forward, we expect Secure Trust Bank to grow further in niche sub segments within the consumer finance area as well as focussing more on higher quality customers within the motor area. Recent hires with experience in the car lending market as well as investments made into their digital platform will assist here and we believe this could have a material impact on profits in the medium term. Clearly the cloud of Brexit is currently a worry for all UK lenders, but we do feel that the management at Secure Trust Bank will create value over the coming number of years whatever the outcome. More than 90% of its funding comes from retail deposits which we prefer in terms of funding uncertainty in a worst-case Brexit scenario. The business generates a return on equity of over 13% which means that they may slowly absorb capital as they are growing their loan book at a double-digit rate alongside paying out a growing healthy dividend. Although we don’t expect it, if further capital was needed going forward then given the company’s historic value creation, we expect them to be well supported. Overall, we see the stock as having strong tangible equity backing on our forecasts of around GBP 240m by the end of 2019, with earnings growing close to 20%. This after paying out a dividend yield of 6%. Over time we expect the business to leverage their well invested cost base by further value accretive lending, giving good quality earnings momentum and an increasing return on equity. Putting the business on a multiple of 1.4 times tangible book for 2020 gives a total return of over 60% over the next two years.
checkers2
06/9/2019
15:14
Did You Manage To Avoid Secure Trust Bank's 42% Share Price Drop? Simply Wall St, 29 August 2019 We wouldn't blame long term Secure Trust Bank Plc (LON:STB) shareholders for doubting their decision to hold, with the stock down 42% over a half decade. The falls have accelerated recently, with the share price down 13% in the last three months. This could be related to the recent financial results. During the unfortunate half decade during which the share price slipped, Secure Trust Bank actually saw its earnings per share (EPS) improve by 10.0% per year. So it doesn't seem like EPS is a great guide to understanding how the market is valuing the stock. The steady dividend doesn't really explain why the share price is down. While it's not completely obvious why the share price is down, a closer look at the company's history might help explain it. As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Secure Trust Bank's TSR for the last 5 years was -24%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence! Secure Trust Bank shareholders are down 19% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 1.9%. However, it could simply be that the share price has been impacted by broader market jitters. It might be worth keeping an eye on the fundamentals, in case there's a good opportunity. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 5.3% over the last half decade. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. My perspective: H1 profit was up by 20% to £18.1m and the current shareprice is circa 7.5 x the current year profit forecast and 6 x the projected profit in 2020. Current yield is circa 6.7%. The latest Peel Hunt note on 29 August recommended a reduction in holding with a target price of 1295p. This level has now been breached and we may now be close to the bottom with a potential value proposition re-emerging. I have no existing position here but it is on my watchlist.
masurenguy
15/8/2019
21:45
Tipped in the Chronic Investor out tomorrow. "...a high-yielding stock with good prospects for earnings growth. Buy."
this_is_me
09/8/2019
13:41
Ok got funds will see if they drop her under £13 for next week then I’m in gla
linton5
07/8/2019
20:27
Nice steady progress. All banking stocks seem to be low at the moment, but are probably factoring in a recession in the next 1/2 years.
topvest
07/8/2019
13:13
The fear in the markets is the reason which ain't bad just keep er down for a while yet or lower please
linton5
07/8/2019
11:18
the results haven't stimulated a big rush for the shares!
this_is_me
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