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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 Shares Traded Last Trade
  0.00 0.0% 738.00 57,350 16:35:03
Bid Price Offer Price High Price Low Price Open Price
730.00 746.00 748.00 730.00 730.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Banks 180.00 56.00 244.70 3.0 138
Last Trade Time Trade Type Trade Size Trade Price Currency
16:38:15 O 25,000 740.00 GBX

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Date Time Title Posts
20/1/202310:34Secure Trust442
23/10/201907:34Secure Trust Bank-

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Posted at 04/2/2023 08:20 by Secure Trust Bank Daily Update
Secure Trust Bank Plc is listed in the Banks sector of the London Stock Exchange with ticker STB. The last closing price for Secure Trust Bank was 738p.
Secure Trust Bank Plc has a 4 week average price of 706p and a 12 week average price of 626p.
The 1 year high share price is 1,355p while the 1 year low share price is currently 608p.
There are currently 18,649,550 shares in issue and the average daily traded volume is 13,778 shares. The market capitalisation of Secure Trust Bank Plc is £137,633,679.
Posted at 17/1/2023 10:57 by 1tx
STB usually give an end of financial year update during the second half of Jan.The interim results & Q3 update were rather dismal which accounted for much of the fall in share price.Yes the shares are cheap if you look at the price compared to NAV but the company seems to have "lost the plot" in the sense that they can't make up their mind what part of the market to expand into following the sale of their loan portfolio. Also the market may think their consumer credit loan business is risky (buy now pay later finance for Sofa retailers etc ).I also feel the company needs to consider the interests of smaller shareholders & their investors generally;it's institutional shareholders who bought shares when it split from ARBB & in subsequent sales of shares by ARBB have made a huge loss on their investment here so probably have little affection for the company.I point out I have been a shareholder here for a couple of years & I hope things improve!
Posted at 31/12/2022 12:39 by jswjsw
By comparison with the junior (and senior!) banking sectors STB has been way undervalued for some time: return on equity is the best there is (except BGEO) and price/assets is still about half the sector average. There is negative cashflow (-£4.82) but this is improving - and why is it any concern at all when net cash/share is £12.64 ???
With a 23 yield around 6.5% this is close to the top of the buy-list for 2023.
j

Posted at 30/12/2022 16:51 by apple53
Thanks Brucie

I sold a third of my modest metro position, but wasn't quick enough to beat the jump in STB's price today, so will keep a little bit of dry powder.

Posted at 23/12/2022 12:28 by brucie5
Linton, you may of course be proved right - but given that you never can know the future with certainty, one approach might be to use the extraordinary level of current dividend payouts available to average down a select universe of value stocks, in order to compound your future income..? That has been my approach for last 12 months, such that while my capital value has indeed declined over the year by almost 10%, my dividend stream has increased by rather more. I hold STB, and the current level at somewhat over £6 looks and feels very much like a base to me - fwiw. But we shall of course see in due course!
Posted at 14/12/2022 14:37 by tomps2
Introducing Secure Trust Bank (STB) - December 2022

Secure Trust Bank CEO, David McCreadie gives an overview of this specialist lending business, which is also a regulated bank. David joined STB about three years ago, initially as a Non-Exec director, he took over as CEO two years ago and gives an update on what they've been doing, the strategy going forward and the impact of the current economic climate.

Watch the video here: Https://www.piworld.co.uk/company-videos/introducing-secure-trust-bank-stb-december-2022/

Or listen to the podcast here: Https://piworld.podbean.com/e/introducing-secure-trust-bank-stb-december-2022/

Posted at 23/11/2022 17:17 by mwj1959
And we're not going to be getting any trading update until January. That should give us a better feel for how things are going. Given the share price a lot of bad news must already be in the price, but if the recession really does last as long as the BoE thinks there's not going to be any let up for a while. I suspect the best we can hope for is that any news is not as bad as the market is discounting. And remember that the impact of an economic downturn takes a while to feed through into the banking system.
Posted at 08/11/2022 12:00 by cfro
With regards to some of the previous posts above, indeed why has the share price of this stock been hammered so much? You have to ask that question. Its been an almighty fall from its highs back in the summer.

Its not that they have warned on profits. Ok, so, the banking sector is down in general, the company is tightening and restricting lending (you can always argue whether that is shrewd or too little too late), bad debts are highly likely to rise (perhaps significantly), we are most likely about to enter a serious recession, yada yada yada...

But, hang on a minute, we know all that and hence STB is now priced on a forward PE of less than three so all the bad news should be more than priced in.

Its seems everyone has it in for the banks and banking sector but putting Credit Suisse aside, some major banks are in reality now reporting better results. Look at Deutsche bank with their Q3 results adding 1bn Euros to make 1.6bn Euros in profits and also Italy's Uni Credit reporting profits up 20%. So all is not no where near as bad as some are making out...

Posted at 28/10/2022 18:27 by apple53
I don't completely agree, retsuis. Bad lending decisions are mostly made during good times, made worse by banks competing for clients, whether on price or covenant.
The best time to lend is when others won't and you can name your price and terms. Good management was tightening lending conditions in 2019, not 2020. One interpretation is that STB missed good business in 2020, and then tried to catch up since, and may have pushed too hard. My.hope is that the 21-22 hasn't been too loose a period, and they have a small enough market share that they can cherry pick.

Posted at 28/10/2022 10:16 by jeff h
Secure Trust Bank is undervalued, says Peel Hunt
The valuation of Secure Trust Bank (STB) is ‘fundamentally too low’, according to Peel Hunt.

Analyst Robert Sage retained his ‘buy’ recommendation and target price of £14.70 on the stock, which closed 0.6% higher at 628p on Thursday.

Shares in the challenger bank are down more than 50% year-to-date, which Sage said is ‘overdone’.

‘Although demand remains buoyant, management has slowed lending growth in the third quarter in response to the deteriorating UK economic outlook,’ he said.

‘This had been previously flagged and we leave full year 2022 estimates unchanged.’

He said the group is trading at less than 0.4x tangible net asset value ‘in spite of its strong intrinsic profitability’, pointing to 12.5% annualised return on equity in the first half.

‘We expect the group will remain robustly profitable in future periods,’ said Sage. ‘Low single-digit price/earnings ratios – 3.4x for full year 2022 reducing to 2.9x for full year 2023 – appear to be anticipating significant earnings downgrades which are not materialising. We view the share price as fundamentally undervalued.’

Https://citywire.com/investment-trust-insider/news/expert-view-standard-chartered-shell-unilever-eurocell-and-secure-trust-bank/a2401060#i=6

Posted at 06/9/2019 15:14 by masurenguy
Did You Manage To Avoid Secure Trust Bank's 42% Share Price Drop?
Simply Wall St, 29 August 2019

We wouldn't blame long term Secure Trust Bank Plc (LON:STB) shareholders for doubting their decision to hold, with the stock down 42% over a half decade. The falls have accelerated recently, with the share price down 13% in the last three months. This could be related to the recent financial results.

During the unfortunate half decade during which the share price slipped, Secure Trust Bank actually saw its earnings per share (EPS) improve by 10.0% per year. So it doesn't seem like EPS is a great guide to understanding how the market is valuing the stock. The steady dividend doesn't really explain why the share price is down. While it's not completely obvious why the share price is down, a closer look at the company's history might help explain it. As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Secure Trust Bank's TSR for the last 5 years was -24%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!

Secure Trust Bank shareholders are down 19% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 1.9%. However, it could simply be that the share price has been impacted by broader market jitters. It might be worth keeping an eye on the fundamentals, in case there's a good opportunity. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 5.3% over the last half decade. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround.

My perspective: H1 profit was up by 20% to £18.1m and the current shareprice is circa 7.5 x the current year profit forecast and 6 x the projected profit in 2020. Current yield is circa 6.7%. The latest Peel Hunt note on 29 August recommended a reduction in holding with a target price of 1295p. This level has now been breached and we may now be close to the bottom with a potential value proposition re-emerging. I have no existing position here but it is on my watchlist.

Secure Trust Bank share price data is direct from the London Stock Exchange
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