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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-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 |
Date | Subject | Author | Discuss |
---|---|---|---|
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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