Secure Trust Bank Share Discussion Threads

[jaknife] 11/11/2023 15:35

Brucie5,

STB was picked using a mechanical screen, it appeared as no. 1 on that list. I'd happily agree that OSB and a number of others (eg NWG, ARBB, BARC) all offer incredible value at this point in time.

JakNife

[brucie5] 11/11/2023 11:17

Thanks. But to be clear, did you take a look at OSB as well?
Re. Stocko: OSB passes both the PYAD Income (like STB) but also the Philip Fisher Growth Screen.

Here are their basic metrics. OSB has a mcap about x10 the size of STB: (good thing/bad thing? Safer thing?) And a higher div. Div data has 9.56% btw.

OSB:

PE Ratio (f)
3.6
PEG Ratio (f)
0.2
EPS Growth (f)
26.9%
Dividend Yield (f)
10.46%

STB:

PE Ratio (f)
3.0
PEG Ratio (f)
0.2
EPS Growth (f)
23.5%
Dividend Yield (f)
8.37%

I hold both.

[jaknife] 11/11/2023 00:09

Brucie5,

Yes.

I pitched this as a buy on the stage at Mello Chiswick on 23/24 April this year. The numbers were, and still are, compelling. It's the top ranking UK banking stock on Stockopedia as per their value metric.

JakNife

[kenmitch] 10/11/2023 16:56

Hi Brucie

Thanks!

I am mostly keeping to Investment Trust buys for reasons you know, but can’t resist the occasional stunning bargain share buy on the basis that a “run itself” portfolio of high quality shares and (mostly) Investment Trusts, won’t go far wrong if it also includes a few shares that look extraordinarily good value. Even if a few go wrong the successes in a forever portfolio should swamp those losers.

Hope your portfolio of big dividend paying shares and Trusts bring you big success when this wretched bear market ends.

[brucie5] 10/11/2023 14:08

Ken, how nice to see you here, my friend. I must be in very good company.
I had thought you were tending to stand out the market for time being, or restrict yourself to trusts, so this is good news indeed.

Checking from my notes I seem to have been in these since last November 22 with further buying down on the continued dips, making it 3.6% of the Bruciefolio, pretty much a maximum position, on which 2.7% down, which is an achievement for me given state of the rest of my folio!.

I also hold OSB - cue Jak?

Will check out GOOD.

Stay well.
B5.

[kenmitch] 10/11/2023 13:10

Brucie5

Fwiw STB looks a stunning bargain. Though I take Broker price targets with a pinch of salt, Shore Capital reckoning the share could triple could prove correct in time. Current PE is 3 so a tripling share price would still mean a lowly 9 PE.

STB gets 98 for value on Stockopedia and the share is down about 75% from peak. It looks way oversold. And scope to increase the 8.7% dividend in time too.

Gets 99 on Stockopedia.

I bought recently at £6 and added more today a bit higher. And today it’s a rare gainer in a sea of red.

BTW….another very cheap looking share is GOOD which like STB is up even today. SCSW hasn’t had many successes for a while but GOOD highlighted at 176p in their October update could well prove an exception. IF earnings forecasts are to be believed upside looks very big! 18.6 eps and 9 PE to 12/24 and 33.2p and 5.2 PE to 12/25 and 69.2p and 2.5 PE to 12/26. I bought higher at a bit over £2 and added today.

[davidosh] 10/11/2023 12:28

Jak actually covered Secure Trust on the Mello BASH at our last event and thinks it is a BUY. He is a very astute investor and certainly not just adept at shorting.

I have followed this company and invested last week. I also invited the management team to come and present at MelloLondon at the end of this month. There will be 40 companies there to meet and watch presentations.

[brucie5] 10/11/2023 11:31

JakNife9 Nov '23 - 14:20 - 694 of 703
0 1 0
If you didn't watch the Capital Markets Day then you can catch up with it here:
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Am I too infer that Jak is a holder as opposed to a shorter?
!!!!!!

[deanowls] 10/11/2023 04:27

Thanks wallywoo, appreciated.

It was a quick question as I was on the move, don’t feel you have to be my admin.

[p1nkfish] 09/11/2023 20:04

David McCreadie put some money where his mouth at around £6.70.

[wallywoo] 09/11/2023 17:01

People are lazy, why don't you check the holding rns statement?Just under 1.8m shares (9.5%). However, 99% of pundits and management seem confused why this is soo cheap. Just look at the presentation to see that.In my experience these low share price scenarios sort themselves out without waiting too long. The share price is looking up, let's see how it trades over the coming weeks.

[deanowls] 09/11/2023 16:30

How many have amer got left to sell?

[jaknife] 09/11/2023 16:11

cfro,

I acknowledge your superior speed at delivering the message. I'm sure that when I started to type your post wasn't there :-)!

JakNife

[spooky] 09/11/2023 16:02

Need to get rid of Ameriprise. Not going anywhere until they are out IMO.

[cfro] 09/11/2023 15:59

That's three times that presentation link has been posted today. I was the first btw Lol..

[tomps2] 09/11/2023 15:10

Secure Trust Bank (STB)Capital Markets Day given 8th November 2023.

A Pathway to delivery of the Medium Term Target of a £4bn loan book.

The day focussed on V12 Retail Finance, referred to as ‘An emerging powerhouse’. V12 is delivering significant growth, structural improvement in its cost of risk and significant operational leverage and scalability through digitalisation of customer service.

Then, Rachel Lawrence, CFO, went on to provide an update on the Group’s medium term targets. The event was opened by Lord Forsyth, Chairman, with David McCreadie, CEO providing an introduction and closing summary, followed by analyst and investor questions.

Video: 

Podcast: 

[catabrit] 09/11/2023 14:39

I think the seller wants out and this will continue to put a ceiling on the share price until someone in the market is happy to pick up a big chunk of these. Sadly, small caps are getting hammered across the board with monthly redemptions so I’m not sure when that tide will change.

[jaknife] 09/11/2023 14:20

If you didn't watch the Capital Markets Day then you can catch up with it here:

[cfro] 09/11/2023 14:17

Yesterday's presentation up on their website. Here's the link:





Good opening speech by Lord Forsyth. Making it clear they are NOT a challenger bank and he doesn't think the progress and future growth is reflected in the market price. They have changed advisors and new PR in order to get the story out to a wider audience.

[wallywoo] 09/11/2023 13:50

Well done, xamf. I have bgt here too over the last week. Share price is peeking over the trend line. British bull shares have them as a candle stick buy.


Let's hope the seller (ameriprise) are done or that there are takers for their shares. I'm hoping for a run-up over 800+ here but it's still one for the brave because it's a money lender with just £117m market cap!! But sometimes the market just gets the odd valuation wrong!!

[xamf] 09/11/2023 13:32

Thanks. It's almost too good to be true.

[p1nkfish] 09/11/2023 13:20

I dont think so, 2nd largest single holding in my portfolio.

[xamf] 09/11/2023 12:41

I've taken the plunge here again at 611 for a long term hold.
Had hoped to get them under 600 but I'm betting on the Q3 update underpinning the price. The fundamentals are amongst the best of any of the financials I've yet researched. PE 2.9, PEG 0.2, price to book 0.35 and dividend over 8%. Am I missing something?

[1tx] 08/11/2023 10:21

I would expect STB's consumer finance to be at best flat presently.V12 Finance,thair consumer finance division specialises in furniture,cycles,home improvements etc.Business in these sectors is fairly tough at the moment although we may see an uptick in trade in the New Year if bargains are available.

[wallywoo] 08/11/2023 08:57

It's strange, if you read the H1 results they are very bullish about H2. Big increase in profitability expected etc.


This Q3 statement is very muted by comparison. No wonder the share price doesn't know which way to go, now. There's nothing bad, they just say "steady as she goes ". Very different from the H2 is going to soar words in the H1 statement.


Perhaps there will be more clues in the capital markets event at 11am!