Secure Trust Bank Share Discussion Threads

[linton5] 28/2/2019 16:28

This stock only has one decent rally a year looking at charts lol

[linton5] 27/2/2019 14:35

I’ve noticed the main bank stocks are doing naw bad sir so keeping an eye on some who are sleeping still

[linton5] 26/2/2019 11:25

MMs playing this like a fiddle

[cascudi] 28/1/2019 10:55

Good start of the week

[deadly] 25/1/2019 11:04

thanks, wondered why the sudden rise.

[langland] 25/1/2019 07:40

One of the weekly tips in the Investors Chronicle.

[cascudi] 13/1/2019 09:14

interim was good... why so much drop?

Paul Lynam, Chief Executive, said:

"During 2016 and 2017 we repositioned our business away from higher risk, higher income consumer credit activities and reallocated capital to lower risk lending segments across a focused selection of attractive market segments. The growth of more than 36% in underlying profits before tax reported today clearly shows the benefits of this decision. Balance sheet and customer numbers have grown strongly in the first six months of 2018 as we have invested our capital. We remain well positioned to continue developing our business model in line with our ambitions, creating sustainable value for our consumer and SME customers, our people and our shareholders."

[topvest] 26/12/2018 09:34

I'm not sure why ABB are selling, but I suspect they may have effectively "agreed" to sell so much a year as they exit. These are on my bear market ADD list along with ABB. Have a small holding in both banks. They are amongst the two most prudent banks in the UK and so they are very well placed to grow through the next recession. Exceptionally good value, but probably not bottomed quite yet. Bear market on its way.

[dendria] 21/12/2018 10:21

I see ARBB sold around another 3% on 26 Nov 18 - they're down to just over 15%.

A £50k director buy on the 18 Dec 18 though.

[deadly] 17/10/2018 10:54

Yesterday was maybe nervousness ahead of today's TU.
But no problems and indeed looks good, yet share price hasn't recovered much:

"The business has traded strongly during the third quarter consistent with the trends highlighted by the Group in respect of the first half of 2018. The overall results for the period are in line with management expectations and the Group remains comfortable with its previous guidance in respect of the outlook for the full year."

[andyj] 17/10/2018 01:01

It is unexplainable. I have the feeling they are falling because they are falling. An absolute bargain and they are top of my buy list.

[deadly] 16/10/2018 13:32

SP now down again to silly levels.

Who can answer this question: How do the interim results from August below justify the current SP?

"The repositioning of the business model towards lower risk lending in attractive market segments, and continued growth in both Business Finance and Consumer Finance, have led to income growth and reduced impairment losses. Improvement in impairment performance has offset any impact of the new IFRS 9 accounting standard on reported profits. The cost of risk is down 20% compared with the same period in 2017......

Statutory profit before tax of £15.1m (2017: £11.5m), up 31.3%
· Underlying profit before tax of £16.5m (2017: £12.1m), up 36.4%
· Cost of risk 2.0% on IAS 39 basis (2017: 2.5%), down 20%
· Common equity tier 1 ratio of 13.6% (2017: 15.3%) - post payment of 2018 interim dividend
· Total pro-forma capital ratio, including Tier 2 capital raised in July 2018 and after 2018 interim dividend, of 15.1%
· Operating income £72.5m (2017: £61.1m), up 18.7%
· Basic earnings per share 68.7p (2017: 50.3p), up 36.6%"

[deadly] 26/4/2018 10:43

Nice fat XD today.

Never understood why these fell so far. The market is so inefficient, but that makes it profitable for some of us.

[rik shaw] 22/3/2018 15:26

Look like good results today with more to come

[future financier] 25/9/2017 09:33

Lynam is a smart guy and I reckon this is a solid bet.

[topvest] 25/9/2017 08:53

I've doubled up here as it's a quality bank on a c5% yield and very well positioned for the next downturn.

[deadly] 31/8/2017 17:27

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

[boadicea] 25/8/2017 22:53

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 20:23

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

[topvest] 22/8/2017 17:20

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 14:27

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

[spreadsheetsteve] 22/8/2017 10:15

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

[renew] 25/4/2017 18:32

What got under these today.

[deadly] 13/4/2017 11:16

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

[wobaguk] 30/3/2017 12:26

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.