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
  -60.00 -3.85% 1,500.00 1,500.00 1,580.00 1,500.00 1,500.00 1,500.00 1,893 16:35:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Banks 169.2 34.7 153.2 9.8 277

Secure Trust Bank Share Discussion Threads

Showing 151 to 174 of 175 messages
Chat Pages: 7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
15/1/2020
21:36
I am not a twit(ter)
this_is_me
15/1/2020
07:23
Trading update shows steady as she goes, in the right direction.
this_is_me
10/1/2020
19:34
A tip this week in the chronic investor.
this_is_me
16/12/2019
15:13
I am up 20%, but there is no way that I am selling. I expect it to go much higher next year.
this_is_me
16/12/2019
10:13
STB Secure Trust Bank Secure Trust Bank has been one beneficiary of the Boris bounce, but to put this in context, its shares were £26 shortly before the EU referendum and have fallen steadily afterwards. Yet the bank itself is one of the most sound. Based in Solihull, in the West Midlands, it is smaller than big high street names, but it is profitable, growing fast and it pays a generous dividend. Run by Paul Lynam, Secure Trust has almost 1.5million customers, whom it offers savings accounts, mortgages and various consumer credit products. It has a strong business division, specialising in loans to small and mid-sized firms. Secure Trust traditionally focused on offering credit to customers who could not open accounts with bigger banks so Lynam has developed a cautious approach to risk. But the group has branched out in recent years and its internet banking division is expanding fast. Interim figures showed a 31 per cent increase in overall customer numbers, customer satisfaction of between 90 and 95 per cent and double-digit profit growth. Brokers expect further increases in full-year revenues and profits, alongside a dividend of 86p, putting the stock on a 5 per cent yield. Looking to 2020, Secure Trust should derive clear gains from increased business investment and a recovery in consumer confidence. At £16.10, the shares are a buy. https://www.thisismoney.co.uk/money/investing/article-7792633/MIDAS-SHARE-TIPS-sectors-stocks-set-benefit-new-Government.html
3rd eye
16/12/2019
09:00
I've taken my profits and sold today. Made 25% in 3 months.
rcturner2
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
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