Secure Trust Bank Share Discussion Threads

[lucky_lady] 30/3/2021 14:06

Broker note out today

Secure Trust Bank: Canaccord reiterates buy with a target price of 1,758p.

[opaldouglas] 28/3/2021 15:00

Only just caught up with results, absolutely brilliant. Updated broker note should follow this week hopefully.

OD

[riverman77] 25/3/2021 10:36

Still well below book value. Given their track record and expected ROE of 15% this should really trade at a good 20-30% premium. One of the best value opportunities out there in my view.

[gc321] 25/3/2021 08:40

I would expect the analysts to revise their predicted outlook on this company somewhat upwards. Enviable set of results, particularly after the year we've had. Fantastic long term investment with excellent dividend yield

[this_is_me] 25/3/2021 07:37

Business recovering well despite the continuing lockdown.

[tvh123] 25/3/2021 07:31

Outstanding results! Statutory PBT more than double the upper end of forecasts, and a restored dividend!

[lucky_lady] 08/3/2021 12:47

About time this moved. It seems very cheap to me, it was around £30 prior to Brexit. Onwards and upwards hopefully.

[this_is_me] 08/3/2021 12:28

It should easily reach £12 fairly soon.

[jeff h] 08/3/2021 12:04

More than 10.00 a share being paid now and more to come I reckon - final results out 25th March

[ball deap] 19/2/2021 18:56

No rhyme or reason parabolic run imminent, get your money back into the market. LONG

[gc321] 21/1/2021 13:29

I think some of these sellers today were people that bought in in the last few days and were hoping to make a quick buck. I think we will see another leg up as the latest news sinks in and the covid situation improves. It was also encouraging to see that only 0.3 percent of clients were on a repayment holiday at the end of Dec.

[deadly] 21/1/2021 09:54

Still a disappointing market reaction. share price should have recovered much more than this.

[checkers2] 21/1/2021 08:17

Expect also boost to p&l from the release of earlier provisions. A LTH also for me too.

[rimau1] 21/1/2021 07:57

Yes, good update, no surprises. STB had previously flagged trading ahead of consensus so i would be pleasantly surprised if there was any upwards price movement today. The short term weakness in consumer finance being experienced is expected given lockdown3. Patience the key here, mine are firmly locked away as STB are a high quality low risk niche operator.

[this_is_me] 21/1/2021 07:15

"the Group expects that the full financial year 2020 results will be materially ahead of the upper end of consensus profit before tax"

That is more than £9.7 Million.

Very impressive trading update.

[spooky] 14/1/2021 15:47

Well spotted Jeff, i missed that

[gc321] 14/1/2021 15:28

Nice one thanks Jeff, couldn't open the RNS on here so didn't see that

[jeff h] 14/1/2021 15:19

Update is on Jan 21 per the 5/1/21 RNS

"... A pre close trading update will be made as usual on 21 January 2021..."

[gc321] 14/1/2021 14:58

Nice one thanks Spooky

[spooky] 14/1/2021 14:46

Tomorrow or next week would be my guess but they haven't specified a date.

[gc321] 14/1/2021 14:28

Hi all. Does anyone know when the next update is due?

[nick of the north] 25/11/2020 10:52

The spread is still putting people off STB. 52 week high is twice the current valuation.

[linton5] 20/11/2020 14:25

Beautiful textbook cup and handle forming Here teapot☕️;Come back in March and see if it a good brew 🥀🌻🏖

[linton5] 20/11/2020 07:58

Stb had a fantastic divi before Covid many companies returning them now and not in a good a place as secure trust. So expecting the lads n lasses In the office to reinstate it 🦅

[gc321] 19/11/2020 23:09

And no dividends paid out so profits being banked. Got tonnes of these and will try to hold onto them as long as possible. Excellent long term hold prospects