Secure Trust Bank Share Discussion Threads

[riverman77] 24/10/2022 16:41

Bought back in here at 640p. Ridiculously cheap for quality lender. Bought at a similar level post Covid and roughly doubled my money - expect to do the same again, although might need to wait a bit longer this time.

[retsius] 24/10/2022 14:53

Jeff H

I am corrected.

[jeff h] 24/10/2022 13:43

Next update is this week (Friday):-

[retsius] 24/10/2022 12:15

digger18

Update 15.11.22

[apple53] 24/10/2022 07:28

Buyers still sitting on sidelines. This has to be a Covid-sized opportunity.

Yes the bad debt charge normalised, but please note that some of this charge is volume based anticipation rather than actual bad outcomes. I would always value banks on normalised charges not on periods of exceptionally low charges.
I haven't time (or perhaps data) to do a full analysis of the impact of rising rates on the NIM, but would suggest that it should be more up than down.
I also agree that the timing of the volume growth could look poor, but for such a specialist lender they may have been relatively smart, and now is a great time to take market share and gain loyal customers.

Overall, I would have preferred buybacks to faster volume growth, but have to admit that if they had been repurchasing at £11 it would look a bit daft with a price below £7 (though maybe the buybacks would have put a floor under the stock).

Now clearly a fantastic time to buy back stock, and indeed for directors to buy.

[digger18] 19/10/2022 13:22

Trading statement due imminently.
Last update was positive and unemployment low, so I am still confident at present.
They will also be careful with lending criteria.

[brad_k] 14/10/2022 08:22

Well the timing was 13:30 which was when the US inflation report was released with the subsequent spike in the dollar. All the trades taking the price from 710 to 650 were AT automated trades. Are these triggered stop losses? hedge funds?
Unfortunately sentiment around STB and banking stocks in general is such that there was no rebound in price when the US market and the dollar recovered later in the afternoon, although there were a few retail buys.
Could do with some more director buying to bolster some confidence here, been a miserable time since the interims.

[podgyted] 13/10/2022 17:49

Anyone know any reason for the fall today?

[p1nkfish] 06/8/2022 12:04

The buy now paymaster app (sadly) will likely see strong demand and could pull a rabbit out of the hat.

[rcturner2] 04/8/2022 17:57

As I said, I would wait to see what the defaults are like before taking a view. Clearly they are getting worse and I think there could be a bad couple of quarters for lenders like STB.

[retsius] 04/8/2022 08:56

100% sells in Trades so far this morning.

Why?

What`s the point of increased lending if you get stuffed with a massive impairment charge?

Overall very disappointing and the charge could have been flagged in their Trading Statement months ago.

And the horrendous spread discourages any trading in the stock.
R.

[rabiddog] 14/7/2022 08:09

No one cares

[rcturner2] 14/7/2022 08:01

lol no one believes you

[miti 1000] 13/7/2022 12:09

RC Turner....yes I did and I posted as soon as I sold the lot when the price was above 13 quid so stfu you little weasel.

[rcturner2] 11/7/2022 07:15

lol miti, of course you did

[digger18] 22/6/2022 21:00

Looks like a good call miti!
It’s a safe call to bank profits but if they lend responsibly, the figures and Divi are pretty solid and Schroeders also think so.

[miti 1000] 20/6/2022 11:13

Sold out of STB in past few weeks on this strong rally. The outlook looks too recessionary .Good luck to holders.

[miti 1000] 07/6/2022 15:51

I think it was RC Turner popping up again with his negative comments (note to him....STB barely have any defaults) which caused the recent spike.
He worked like clockwork on the last rise as well , appearing just after it tanked.

[rabiddog] 07/6/2022 15:44

Crikey I’m in profit again (excluding dividends). Does seem something is brewing rather than just the Schroders holding increase ?

[retsius] 07/6/2022 07:57

British Bulls: BUY

06/06/22
R.

[digger18] 07/6/2022 07:47

Yes a very quiet board and exactly my sentiments. To me this seems to be undervalued based on performance and divi’s. However, I assume that any concerns will be in relation to economic concerns which could relate to defaults. However we were told that they have/are tightening lending policies with a targeted clientele.

[p1nkfish] 06/6/2022 16:53

Lovely move, was beginning to think I was one of very few having an eye on this and thinking it under valued.

[digger18] 06/6/2022 15:13

That investment seems to have attracted more sheep! I’m happy.