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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
  0.00 0.0% 738.00 714.00 750.00 - 14,032 09:36:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Banks 180.0 56.0 244.7 3.0 138

Secure Trust Bank Share Discussion Threads

Showing 426 to 450 of 450 messages
Chat Pages: 18  17  16  15  14  13  12  11  10  9  8  7  Older
DateSubjectAuthorDiscuss
20/1/2023
10:34
I'd be more than happy if you are correct re dividend cfro!I am looking at 2021 Core earnings re 2022.In 2021 we had 244.7p annual earnings of which 133.1p was first half.We had 61.1p total dividend,20p interim & 41.1p final.2022 first half Core earnings were 69.1p & 16p interim dividend.As we have a four time earnings cover for dividends we are going to have a stonking second half to get anywhere near last years final dividend.Problem is I don't see it from updates.....Maybe provisions in first were unusually bad.
1tx
19/1/2023
17:56
I would say it's unlikely the final dividend will be as low as 25p, that would assume quite a drop in profits which going by the recent updates perhaps looks too pessimistic.

Don't forget it was 40p last year and they have already moved and slashed the interim dividend by 20%..

Will find out on March 30th i guess.

cfro
19/1/2023
16:55
I assume total divi for the year will be 25% of Core profits (ie continuing operations) after tax & impairments,as we now have four times dividend cover.I see a final dividend around 25p.
1tx
19/1/2023
07:31
Not a bad TU and the best we could have hoped for.

New business lending down 11.4% which we already knew about, so as expected.

Core lending up by 19.1% on the year.


Edit: It will be interesting to see what they pitch the final dividend at in their results end of March. Remember that they have already slashed the interim dividend by 20%...

cfro
17/1/2023
10:57
STB usually give an end of financial year update during the second half of Jan.The interim results & Q3 update were rather dismal which accounted for much of the fall in share price.Yes the shares are cheap if you look at the price compared to NAV but the company seems to have "lost the plot" in the sense that they can't make up their mind what part of the market to expand into following the sale of their loan portfolio. Also the market may think their consumer credit loan business is risky (buy now pay later finance for Sofa retailers etc ).I also feel the company needs to consider the interests of smaller shareholders & their investors generally;it's institutional shareholders who bought shares when it split from ARBB & in subsequent sales of shares by ARBB have made a huge loss on their investment here so probably have little affection for the company.I point out I have been a shareholder here for a couple of years & I hope things improve!
1tx
17/1/2023
09:13
Do they have a target?
brucie5
12/1/2023
20:35
Nice research note on this by Canaccord today. Not that we can put much weight on it. But they’re also of the view that this is materially undervalued with the price assuming a major rights issue which they don’t think will happen.
catabrit
10/1/2023
12:47
Been a big buyer of this in recent weeks. It’s now one of my core yield-based holdings. Offers a great trifecta of yield, downside protection (discount to BV) and upside potential. The bank has been around since the 70s and I get a lot of comfort from its prior association with Arbuthnot, which is conservatively run and well-managed.
catabrit
10/1/2023
11:10
Spot on Brucie. I like that it seems to have found solid support around 650 and, as you point out, I'm assuming some consolidation around 100 sma.
xamf
10/1/2023
10:20
Welcome Xanf. I think this is one of those shares that is highly likely to have been overlooked by the market, but if you like income with capital gain and have the patience to wait for the latter, this should serve you well. Recent rally has, imho, merely been cut off by the 100 sma, after which, it's 900 and then the larger gap back up. Obviously, DYOR, but sounds like you already have!
brucie5
09/1/2023
16:51
Back in here again at 740 having last sold at over 1200. Appeared on my stockopedia filter list and couldn’t believe the share price I know retail/housing stocks have been in the doldrums but the share price sell off looks a complete over-reaction, particularly with rising base rates - their fundamentals are epic at these prices. Have I missed something here?
xamf
31/12/2022
12:39
By comparison with the junior (and senior!) banking sectors STB has been way undervalued for some time: return on equity is the best there is (except BGEO) and price/assets is still about half the sector average. There is negative cashflow (-£4.82) but this is improving - and why is it any concern at all when net cash/share is £12.64 ???
With a 23 yield around 6.5% this is close to the top of the buy-list for 2023.
j

jswjsw
30/12/2022
16:51
Thanks Brucie

I sold a third of my modest metro position, but wasn't quick enough to beat the jump in STB's price today, so will keep a little bit of dry powder.

apple53
30/12/2022
09:36
Sorry, can't advise, Apple. But I do hold here for both income and growth.
brucie5
30/12/2022
07:56
Despite the spike wondering whether to recycle my modest Metro position into this here. Obviously Metro even cheaper vs book but masses less visibility on earnings etc.
And a massive recent bounce.

Metro thread is a bit painful but wondering what you sober-er individuals might think.

apple53
29/12/2022
14:46
Slight spike up. Next sma resistance at 800, 900.
brucie5
23/12/2022
15:27
Unless these guys do a PCF, this looks like a decent buy down here. Circa 0.3x TBV. Nice dividend whilst you wait. With rising rates, I could see this trading at a premium to BV in the years to come albeit that wouldn't necessarily be my base case.

Market is assuming a degradation in NAV but the r/r feels skewed towards the upside.

Re wider debate about whether to wait or to buy, I have personally made a bit of distinction between those stocks that pay out dividends and those that do not. If I am getting a 7-10% dividend yield that's well covered by earnings and very likely to grow in the medium term, I am personally OK to be buying at 52-week or 5-yr lows as I can recycle the dividends back into lower stock prices. But both approaches - waiting and buying - are equally valid in a bear market. In fact, net short could be the new net long but starting valuation matters a lot and across a number of names, the starting valuation looks very very attractive.

catabrit
23/12/2022
13:21
Bottoms and tops only knowable in hindsight. Bruce's approach is absolutely reasonable.

Volume of trades has been ebbing lower vs 3 month average, given where it sits in price and yield an increase in volume is likely to be to the buy side imho. It will encounter resistance levels on price recovery but buyers now may be more income orientated and less likely to sell so long as there is nothing with a more attractive yield available at less risk.

Dyor, looks like an attractive proposition imho.

p1nkfish
23/12/2022
12:28
Linton, you may of course be proved right - but given that you never can know the future with certainty, one approach might be to use the extraordinary level of current dividend payouts available to average down a select universe of value stocks, in order to compound your future income..? That has been my approach for last 12 months, such that while my capital value has indeed declined over the year by almost 10%, my dividend stream has increased by rather more. I hold STB, and the current level at somewhat over £6 looks and feels very much like a base to me - fwiw. But we shall of course see in due course!
brucie5
19/12/2022
15:40
The way a lot of British stocks are going Brucie so many at 7 year lows I would say lower possibly I know it’s ridiculous as so many undervalued stocks but that’s what’s happening
linton5
19/12/2022
15:16
LINTON519 Dec '22 - 10:06 - 420 of 421
0 0 0
On my watchlist getting very tempting but will be patient good long term hold anyway
------------------------------------------------------------------------
Linton, out of interest, what are you waiting for?

brucie5
19/12/2022
10:18
Good yield ,
daler1966
19/12/2022
10:06
On my watchlist getting very tempting but will be patient good long term hold anyway
linton5
15/12/2022
15:42
Lucky we can buy around this price imho.
Shame to miss the opportunity if people are a little patient.

p1nkfish
15/12/2022
15:15
Chart is very compressed, suggesting a break one way or other. I hold.
brucie5
Chat Pages: 18  17  16  15  14  13  12  11  10  9  8  7  Older
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