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STB Secure Trust Bank Plc

660.00
-10.00 (-1.49%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  -10.00 -1.49% 660.00 656.00 674.00 672.00 658.00 666.00 23,450 16:35:28
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 185.1M 33.7M 1.7747 3.75 126.47M
Secure Trust Bank Plc is listed in the Commercial Banks sector of the London Stock Exchange with ticker STB. The last closing price for Secure Trust Bank was 670p. Over the last year, Secure Trust Bank shares have traded in a share price range of 550.00p to 748.00p.

Secure Trust Bank currently has 18,989,577 shares in issue. The market capitalisation of Secure Trust Bank is £126.47 million. Secure Trust Bank has a price to earnings ratio (PE ratio) of 3.75.

Secure Trust Bank Share Discussion Threads

Showing 26 to 47 of 825 messages
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DateSubjectAuthorDiscuss
24/7/2014
07:22
Had my eye on this for a while and bought in the other day after the interims. Is a Shares Mag mention from some time ago. Like the figures. A lot of good quality companies on silly SPs at the moment as major ii's seem to be favouring FTSE100 stocks which on the whole have nowhere near the growth prospects of the good AIM/small caps.
worsleybird
22/7/2014
07:18
Brilliant interims from STB with underlying eps up 48%.Looks like 2014 eps could be around 2015 estimates at 160p with the effects of rights issue raising lifting 2015 eps to around 250p.Note ROE at 39.8%.If they can get that sort of return on the new money eps will be considerably higher.In any case a p/e of 10 for a company growing at this rate is ridiculous.
mikeja
21/6/2014
06:09
The recent fund raising is likely to have a big bang on future eps given the co's expectation that it can earn 30% ROE.2015 eps estimates currently run around 160p a share,the issue could raise that to 220p allowing for higher no of shares
mikeja
04/10/2013
12:46
Thanks Papy

yours would be new to me and at 71 years , I think i'll take the simpler option and gradually increase the arbb holding and enjoy the dividends

cnx
04/10/2013
09:49
cnx
any thoughts on how to really benefit from this anomaly in realistic practical way?

Clearly hold ARBB not STB for your LTBH position (as you are already).

Beyond that, you could increase your position size in ARBB beyond your normal position-size limit, and offset the additional risk with a short-position in the equivalent amount of STB.

This arbitrage component needs to be kept modest though, as "markets can be irrational longer than you can remain solvent". You are betting on the anomaly reducing, and that may take a long/unpredictable time. I would close when it reaches a ratio of .75 or thereabouts.

In my case I have no investment view on ARBB or STB, so my long and short positions balance (are equivalent to the same number of STB shares, so a "flat" position).

I hold ARBB long in a broker account (Selftrade in my case), and hold the STB short as a spreadbet (Spreadex, Mar 2014 future, which I will "roll" before it expires if I haven't closed the positions by then). I opened the positions in mid-July and am roughly flat (£50 up!) so far.

Don't know if this meets your "realistic practical way" requirement. If anyone has other ideas I am all ears.

papy02
04/10/2013
03:02
at close on 3 oct,

arbb owns 70.7% of stb with a market cap gbp349million ,so
70.7% x 349 is gbp247 million

arbb closed at gbp9.07 with market cap of gbp135million

any thoughts on how to really benefit from this anomaly in realistic practical way?

long term holder of arbb

cnx
18/7/2013
21:02
mikeja, thanks, good points. Only a smallish position for me and I won't be waiting for the full discount to unwind.
papy02
18/7/2013
20:26
Hmm,I wish you the best of luck but STB is a very illiquid market with almost all of the shares owned either by ARBB or institutions,could get squeezy.
mikeja
18/7/2013
15:20
mikeja, I've gone short STB for double the £ amount of my long ARBB position-value.

So eg long position-value £1k ARBB (which punches double it's weight in terms of STB content), and short position-value £2k STB.

(The exact ratio I used was 1.97)

papy02
18/7/2013
15:07
Papy,surely you mean you have gone short half the number of STB,as they are twice the price of ARBB?
mikeja
18/7/2013
14:36
Dave. Interesting post, thanks.

I have arbed by going long ARBB and short twice the amount of STB (via a Spreadex Mar 14 spreadbet). So the overall position should be market-neutral to any STB price change, it's just a bet on the pricing anomaly closing.

Looking at a chart of the two, STB is looking a bit stretched atm, but the 2x pricing anomaly broadly seems to have been there since the STB IPO:

{Edit, I removed the link to ADVFN chart of the two, as it was too long and mucked up the formatting of the entire thread. Just look at 2yr plot of ARBB and add STB as an overlay}

Any ideas anyone what is behind the pricing anomaly and what could cause it to close (or widen!) ?

I need to double check the dividend position but suspect it is working against me (so will cost me to keep the position open).

Many thanks for the idea.

papy02
17/7/2013
14:57
I calculate you can buy these shares at a 50% discount by buying Arbuthnot shares.Each Arbuthnot share trades at £9.40 but as 70% owner of STB it holds £18.40 worth of STB and that's without taking into account the other businesses Arbuthnot owns!
Buy ARBB.

davebowler
12/7/2013
15:07
ARBB looks far too cheap at £9.and should catch up eventually.
davebowler
05/6/2013
19:47
Another acquisition?
mikeja
05/6/2013
10:52
Moving on to new highs - comment anywhere or just quality showing through?

ARBB left behind at the moment...

skyship
28/4/2013
16:03
EPS forecasts from 2 brokers are 111p for 2013 and 157p for 2014.However I would be surprised if there were no further acquisitions.The cheap way in remains ARBB which puts you in at the equivalent of about 1300p.
mikeja
28/2/2013
17:01
See my post on ARBB
mikeja
28/2/2013
16:38
Warning from CEO at STB re FSA decision today . share price tick up may be short lived !?! :-

Paul Lynam, chief executive of Secure Trust Bank, said Lord Turner's comments were "potentially encouraging news", but warned that it could lead to problems for existing challenger banks.
"We need to urgently clarify whether the challenger banks will get the same treatment as new entrants. If not, then the large banks will continue to enjoy their huge capital and funding benefits and the new banks will also be required to hold less capital than the established and profitable banks like us. So the quite perverse scenario could arise where the challengers actually become the challenged," said Mr Lynam.

trader_3
11/9/2012
11:55
Shortlisted for the AIM Newcomer of the year award.
masurenguy
23/1/2012
11:36
Hi Praipus,- just seen your query- its about 5% in each, but I got rid of MWB some time ago.
I've noticed your name on various of these threads.

davebowler
22/11/2011
12:14
Hi DaveBowler, been browsing AURR, APT, ASCH, ICP, MWB, MVI and ASW. All look very interesting. If its not too personal how much in % (of portfolio) terms do you allocate to each of these?

Do you have a rule of thumb or method for doing so?

praipus
22/11/2011
11:53
This shows holding immediately before



Not holding just lurking.

praipus
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