Secure Trust Bank Share Discussion Threads

[deadly] 31/8/2017 16:27

went XD today but the price rose quite a bit for the first time in a long while, bizarrely!

[boadicea] 25/8/2017 21:53

Although I see no logical connection apart from being involved in lending, could there be a degree of backwash from the PFG situation?

[topvest] 23/8/2017 19:23

Director buy today. Must be a big seller causing this mark-down. Starting to look a real bargain.

[topvest] 22/8/2017 16:20

Yes, slightly puzzling. Think this bank has played a blinder by selling out of its more risky business for an enormous profit at the right point in the cycle.

OK, there is a short-term profit impact, but they will be ideally placed when the wheels fall off.

PFG are a testament to that!

Dividend up and good profits, so not sure why this dropped the way it has. It's a real quality business in my view.

Put on my watch list to add some more.

[deadly] 22/8/2017 13:27

Yes good results, but lots are selling, don't know why.

[spreadsheetsteve] 22/8/2017 09:15

1/2 year results look OK, certainly not looking to sell these ATM

[renew] 25/4/2017 17:32

What got under these today.

[deadly] 13/4/2017 10:16

XD for 58p today but the price hasn't moved, the market seems to be sleeping on this one.

[wobaguk] 30/3/2017 11:26

The EMS on this is extremely low, quoted as 150 on my brokers, fewer than 10 positions are open at IG (and Im one of them).

I'm guessing that the stagnant share price is partly down to insufficient numbers of shares for institutional investors to bother with, which is what it takes to kick start a share price these days. Possibly combined with a high percentage of share ownership with early investors sitting on shares.

In comparison, Shawbrook and OneSavings, two other major challenger banks have in the order of 10 times the shares in circulation, and a tenth of the share price.

(over all they are 2 to 3 times the size in market cap)

Cant help feeling a share split might help light the blue touch paper STB needs for this to finally take off. 5 to 1 should do it, that and a decent tip in the press.

[deadly] 23/3/2017 10:40

Yes, bizarre, very unloved at present.
Just keep buying, the market will wake up in the end, and the divis will keep rolling in!

Total profit after tax £137.5m (2015: £28.7m) up 379%
Underlying profit before tax* £32.9m (2015: £26.7m) up 23%
Common equity tier 1 ratio of 17.4% (2015: 13.6%) up 3.8 percentage points
Operating income* £118.2m (2015: £92.1m) up 28%
Underlying earnings per share* 137.7p (2015: 114.3p) up 20%
Ordinary dividends for 2016 of 75p per share including interim dividend of 17p per share paid in September 2016 and proposed final dividend of 58p per share payable in May 2017

Customer deposits increased to £1,151.8m (2015: £1,033.1m) up 11%
Overall loan book increased to £1,321.0m (2015: £960.6m*) up 38%
Total customer numbers increased to 754,968; a 42% increase on 2015: 532,278*

[wobaguk] 23/3/2017 08:21

I do not get why the share price is so inert, its been on a slow decline with no bad news over recent weeks, and today posted what appears to be very positive results, and increased dividend, and the share price has barely moved a point either way.

[hazl] 01/3/2017 14:26

Sorry meant to post on Shawbrook but still be interested in views.

[hazl] 01/3/2017 14:09

I do not hold shares here but am about to switch banks.
Any of you informed people any comments about which would be best as a CUSTOMER here or Clydesdale?
The latter have some charges and some free accounts.

[deadly] 27/1/2017 16:34

Recent drop with no obvious reason for it, so I've topped up.

[topvest] 14/1/2017 08:28

They are a very solid bank. Interesting comments on unsecured lending. Definitely the challenger bank to back in my view along with Arbuthnot. May be dull, but you won't have a permanent loss of capital risk.

[deadly] 13/1/2017 16:56

"The combined effects of the performance of the continuing operations in and the one off profit arising from the sale of Everyday Loans means that 2016 is expected to be the tenth successive year when the return on required equity is in the region of 30%"

Undervalued, but 2017 looks promising for STB.

[retsius] 25/7/2016 08:03

Wait a minute, EDL sold... Is not that they made their profits. Where are going to make their money from now?

[ganthorpe] 21/7/2016 08:49

Looking at the interim figures out earlier this month.
Interim underlying profit pre-tax was £17.4M up 54% giving earnings of 78.5P.
With further progress expected in H2 the full year could reach £40M profit which would work through to about 180P of earnings.
The shares were around £30 not long ago , which might have been on the high side , but at 2070P currently 11.5 times profits , they certainly still look good value.
At 15 times earnings we would be looking at 2700P as a possibe target
DYOR - just my rough calculations

[pvb] 19/7/2016 11:00

They do not believe that they can offer an account that is value for money given that they charge £12.50 a month.

Ouch! I have to say, I think I would prefer to rely on a "mainstream bank".

[shwetal] 19/7/2016 10:36

Hope the share price will go back up to £24 - pre-Brexit level.

[deadly] 19/7/2016 10:08

Excellent results today.

[topvest] 11/7/2016 19:26

I've bought some today after failing to get a buy away on Friday. A very solid bank with a 50% off sale price. Reasonably baffled by struggling to get a buy on Friday and then having to pay £18 today. Long-term still a good buy at this level though.

[meganxmas] 07/7/2016 13:13

in response to above .... this from a web search on the issue ... naiSecure Trust are closing current accounts from 120916 in response to the basic accounts that have been launched by main stream providers since January 2016.They do not believe that they can offer an account that is value for money given that they charge £12.50 a month.A pity - the system worked and you did not have to rely on a mainstream bank.

[philanderer] 06/7/2016 22:54

Secure Trust Bank

1600p -154p

Questor says BUY

[shwetal] 05/7/2016 13:30

Oh dear ! That's bit scary.I think all the fundamentals are better in Brexit scenario than what we have in 2008 during financial crisis.So hopefully it shouldn't fall further unless I am missing something.