Secure Trust Bank Share Discussion Threads

[p1nkfish] 06/6/2022 07:13

Good to see Schroders add.

[digger18] 13/5/2022 17:55

The recent trading update was still very positive and they seem to be very well targeted with tighter approval criteria, according to the Q&A session on results presentation.

[mwj1959] 13/5/2022 09:34

If the UK is going into recession in 2023 according to the BOE and with defaults historically coming through with a lag you're likely to be staying on the sidelines for quite some time.

[rcturner2] 13/5/2022 07:10

I like STB but until we get some idea of default rates I am staying on the sideline.

[digger18] 28/4/2022 17:14

I guess so, certainly the last trading update was excellent, however, I would assume that people will be tightening belts and the reckless may default.

[mwj1959] 26/4/2022 16:09

I am presuming recent share price weakness reflects nothing more than concerns about the outlook for the UK economy.

[miti 1000] 07/4/2022 15:34

hxxps://www.edisongroup.com/wp-content/uploads/2022/04/Secure-Trust-Bank-FY21-earnings-beat-with-momentum.pdf

[topvest] 24/3/2022 20:56

It's a good company. I'm still marginally in loss on these. The share price is just too low. Hopefully, that will change as things continue to improve. The new CEO seems sensible.

[1tx] 24/3/2022 15:32

I think perhaps dividend hunters are a bit annoyed by the decision to have a four times divi cover but even so we have a 5% yield at these prices.

[digger18] 24/3/2022 13:00

Great results and multiple sells! share price 6% down! This market is crazy and very hard to make money or even preserve it!

[lucky_lady] 24/3/2022 11:10

I bought more this morning on excellent results. Defo timed that wrong 🤬🤬🤬

[miti 1000] 24/3/2022 09:47

Presentation starts at 10.00am.

hxxps://webcasting.brrmedia.co.uk/broadcast/61fbe0e449f7751d18890d21/623c3d460dd845230fdc5201

[this_is_me] 24/3/2022 08:57

Very impressive results. Looking good for rapid post pandemic progress.

[rik shaw] 24/3/2022 08:03

Yes hopefully now moving in the right directtion.

[rimau1] 24/3/2022 07:57

Rik, strip the impairment release out if eps, its worth about £1.80!!! Solid results, 2022 the operational leverage will kick in, that is the business case here. Get the CIR below 50% and grow the core loan book and this will be an excellent investment case.

[spooky] 24/3/2022 07:44

Management doing a great job.

[rik shaw] 24/3/2022 07:39

Annual financial results. EPS increased from 82.7p to 244.7p.

[mwj1959] 22/3/2022 09:19

Rising bond yields will be helping the sector. LLOY is up 20% from its recent lows.

[tole] 22/3/2022 06:51

Berenberg initiates on Secure Trust Bank with a 'buy'Berenberg has initiated coverage on Secure Trust Bank (STB) and believes the challenger bank is undervalued. Analyst Alexander Bowers initiated coverage with a 'buy' recommendation and target price of £18.20 on the stock, which closed up 7.7% at £13.25 on Monday.The analyst said it operates 'in a range of specialist lending markets in the UK, including real estate finance, SME asset-based lending, vehicle finance, and point-of-sale retail finance'. It also offers savings products to retail customers, including cash ISAs and fixed-term bonds.Bowers said 'growth opportunities are boosted by new product offerings' and despite being a 'relatively small player in the markets in which it operates', there is 'headroom for growth'.'Under the new chief executive, appointed in 2021, we believe the bank has strong growth prospects and is currently undervalued, trading at 0.7x book value,' said Bowers.He added that the target price offers 50% upside, which implies the stock trading at 1.1x book value.

[lucky_lady] 21/3/2022 21:43

Berenberg buy recommendation. Target price £18.20

[digger18] 21/3/2022 18:51

Presumably in anticipation of good results.

[this_is_me] 21/3/2022 18:42

Rapid bounce in the share price.

[km18] 11/3/2022 12:55

...from last year...

Secure Trust Bank issued a Q3 2021 trading update last week. Total new business lending increased by 20.2% in the quarter and 59.3% compared to Q3 2020, continuing the strong recovery and exceeding pre-pandemic levels of Q1 2020 by over 20%. Consumer Finance maintained the levels achieved in Q2 2021 with Vehicle Finance recording its largest ever month of new business and growing 15% in the quarter. The Group continues to trade in line with the revised guidance provided in the 12 July 2021 trading update. Net profit for FY21 should approach £40m, consensus has EPS in the 210p-220p range. Meanwhile valuation is very attractive, forward PE ratio of just 6.3, PS ratio 1.4. STB is a very cheaply valued small-cap financial, with decent near term growth outlook. Not a bad combination. BUY....

...from WealthOracleAM

[pvb] 11/3/2022 11:14

11 March 2022

Sale of Loan Portfolio

"Following a strategic review, the Board of Secure Trust Bank PLC ('STB' or 'Secure Trust Bank') has decided to exit the debt purchase market and announces that its subsidiary, Debt Managers (Services) Limited ('DMS'), has today agreed to sell its portfolio of loans ('Portfolio') to Intrum UK Finance Limited ('Intrum'), one of the UK's leading debt purchase companies."

[rcturner2] 07/3/2022 10:43

Below 1000p I might be interested again.