Secure Trust Bank Share Discussion Threads

[p1nkfish] 03/6/2024 12:42

I think rates will account for a lot of it. Swiss moved first, others following, US probably last.

Fact is the stress is finally showing up and when employment rolls-over its hard to reverse the trend lower as lay-offs accelerate.

Guess election in Summer may be to avoid being after cuts that look political or because this is as good as it gets for a while and cuts will follow to try and get business activity back up??

Guesses.

[34adsaddsa] 03/6/2024 12:27

Probably still below half of current book value. Macro environment not bad. Rate cuts coming in the next few months. On target for £4B loan book and greater shareholder distributions. Still makes a good M&A target.

It'll keep going up IMO.

[apple53] 03/6/2024 12:06

Next resistance (which used to be support) £10.40 ish?

[bones] 03/6/2024 10:29

Positive banking sector. Even NatWest up 40% in the year.

STB also fundamentally cheap but held back by perceptions of non-prime customers perhaps?

[garbetklb] 03/6/2024 09:39

The "sells" are possibly "buys".....

[retsius] 03/6/2024 09:10

sells 58k: buys 5k.
Price rise 11%.

Please explain?

[tiswas] 03/6/2024 07:38

Tipped somewhere?

[34adsaddsa] 30/5/2024 14:59

Sellers getting cleared out.

[p1nkfish] 30/5/2024 13:16

Needs a little more volume but certainly, at the moment, highest price on the weekly since Sept 2022. GLA.

[34adsaddsa] 30/5/2024 10:07

Could be breaking out.

[jeff h] 27/5/2024 19:15

May well avoid a hit on the Ted Baker loan:-

"..Administrators said the £15.6m owed to Secure Trust is expected to be paid..."

[1tx] 21/5/2024 21:47

STB advised in January that a small number of motor finance agreements (circa 5% to 7%) between 2014 to 2017 contained a discretionary commission arrangement.It should also be noted that motor finance is a fairly small part of STBs business.

[p1nkfish] 21/5/2024 11:32

Look over some previous posts. Nothing burger for STB.

[davebowler] 21/5/2024 11:16

Can't see any from Martin Lewis site -

Breakdown of biggest lenders complained to via MoneySavingExpert's car finance tool
Lender (and the manufacturers they work with) Proportion of complaints
Black Horse (includes Jaguar, Land Rover and Suzuki) 16.1%
Volkswagen Financial Services (includes Audi, Seat and Skoda) 14.1%
Stellantis Financial Services (includes Citroen, Fiat, Peugeot and Vauxhall)

8.4%
Santander (includes Hyundai, Kia and Volvo) 8.2%
BMW Financial Services (includes Mini) 7.4%
MotoNovo 6.8%
Mobilize (includes Renault, Nissan and Dacia) 4.3%
Ford Credit Europe
4.3%
Mercedes Benz Financial Services 3.6%
Barclays Partner Finance 3.1%
Alphera 3.1%
Toyota Financial Services (includes Lexus) 2.5%
Close Brothers 2.4%
Northridge 2.4%
Blue Motor Finance 1.1%

[davebowler] 21/5/2024 11:03

Is the vehicle Finance arm affected by the recent adverts in the press to do with mis-sold car finance??

[34adsaddsa] 20/5/2024 15:08

Hold until £10. We'll reassess there. If you're selling below 44% of book value you're a fool.

[p1nkfish] 20/5/2024 12:09

Very likely rate cut start in Summer. The longer they leave it the more of a cut ultimately needed.

Possibly at least 2 x 0.25% this year, maybe 3 x 0.25%.

"Bank of England deputy governor Ben Broadbent said interest rates could be cut this summer"

[p1nkfish] 19/5/2024 07:21

I think this is correct and MPC is behind the curve and rates will have to reduce. Why does it matter? It matters as it can help STB and being too far behind the curve will not help the economy as inflation comes towards target.

Put more simply, the bottom in STB is very likely behind us.

[34adsaddsa] 17/5/2024 17:36

Berenberg reiterated their buy recommendation today with a price target of £14.20.

[34adsaddsa] 17/5/2024 17:02

I very much doubt it given the CEO's recent £80K purchase, he couldn't have done that if he knew of any M&A approaches.

It's just too cheap given the current and expected macro conditions.

I do think it makes a good takeover target. Perhaps Pollen Street's new private equity funds could go for it, or it could slot into a larger lender.

[cfro] 17/5/2024 16:49

The nature and quickness of the last couple of days price action makes you think that someone is running their rule over this but not heard any bid chatter..

[34adsaddsa] 17/5/2024 16:28

This belongs at £10.

[p1nkfish] 17/5/2024 15:44

Have no idea but about time. I dont quite get all the negativity here as being paid ok to wait and they are doing all the right things imho.

[shepc] 17/5/2024 15:25

Bit of a jump? Big order need filling or what

[p1nkfish] 16/5/2024 06:41

If it continues as is, and rates turn down, it's not unrealistic to imsgine this doubling towards £14 with a few staging posts on the way.

By when? Possibly by end 2025.
Just my guesstimate, dyor etc.
I'm often wrong.