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Indeed expect good growth
Agree and we should see that happen over the next 6-9 months
Needs a breakout this year
Trading statement all OK and in line. OK outlook for 2020 with STB investing for motor finance sector. Share on a low PER, therefore a good dividend yield. I've bought in for dividends and hopeful of a rerate for capital growth. Was tipped as a buy in last weeks Investors Chronicle.
I think this has been under the radar for many investors and so hopefully this will pick up from here. Always looked great on paper (whether investor or a saver) but little interest for the share price. Expected EPS growth 9% this yr and 13% for end 2020. P/e below 10 and rising div, what's not to like...?
Today will retrace as 3 days moving those candles and now after early jump will settle back down. Great share though with lots of positive news ahead of it.
STB Secure Trust Bank
Secure Trust Bank has been one beneficiary of the Boris bounce, but to put this in context, its shares were £26 shortly before the EU referendum and have fallen steadily afterwards. Yet the bank itself is one of the most sound. Based in Solihull, in the West Midlands, it is smaller than big high street names, but it is profitable, growing fast and it pays a generous dividend.
Run by Paul Lynam, Secure Trust has almost 1.5million customers, whom it offers savings accounts, mortgages and various consumer credit products. It has a strong business division, specialising in loans to small and mid-sized firms.
Secure Trust traditionally focused on offering credit to customers who could not open accounts with bigger banks so Lynam has developed a cautious approach to risk. But the group has branched out in recent years and its internet banking division is expanding fast. Interim figures showed a 31 per cent increase in overall customer numbers, customer satisfaction of between 90 and 95 per cent and double-digit profit growth.
Brokers expect further increases in full-year revenues and profits, alongside a dividend of 86p, putting the stock on a 5 per cent yield.
Looking to 2020, Secure Trust should derive clear gains from increased business investment and a recovery in consumer confidence. At £16.10, the shares are a buy.
https://www.thisismoney.co.uk/money/investing/article-7792633/MIDAS-SHARE-TIPS-sectors-stocks-set-benefit-new-Government.html
STB....... Secure Trust Bank
now thats what you call a breakout. And undervalued compared to its Banking peers.
https://uk.advfn.com/p.php?pid=legacydaily&epic=L^STB&type=4&size=3&period=7&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=10&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=200&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES
https://uk.advfn.com/p.php?pid=legacydaily&epic=L^STB&type=4&size=3&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=10&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=200&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES
Has anyone any idea what is going on here. We have a well managed bank, with a 6% dividend yield, that has grown revenue and profit every year for the last 5 years (at least), yet the sp is going backwards and is trading on a PE below 10. Am I missing something?
******er bands - this share has gone down over 40% in 2 months. Please do not make any more predictions - Mr Space Traveller
1 trade today. RNS tomorrow regarding transfer to main market? Bollinger bands look good and big candle so far today. Looks promising...
https://uk.tradingview.com/chart/STB/WIrrFVUB/ I don't see a huge amount of upside here. I think banks will be facing overall problems as an index. See chart above for full explanation. I see longs being offloaded at the VPOC and original market direction found.
Is STB about to breakout?
On 14/9/16 RNS Notification of proposed AIM cancellation and Admission to the Official List around 12/10/16. Should increase market liquidity, reduce bid/offer spread and give added stimulus to the share price.
From http://uk.stoxline.com/q_uk.php?s=Stb Technicals indicate initiation of a new trend? With the questor coverage is the direction up? Will close out lloyds holding tomorrow and invest here.
Interesting Questor article in Telegraph today. Its not good reading for Lloyds. http://www.telegraph.co.uk/business/2016/09/05/questor-share-tip-avoid-lloyds-after-broker-downgrade/ Summary: The firm’s dividend is fairly stable at about 3p per year, but the yield of less than 4pc is nothing special within the sector. A partial recovery in Lloyds’ shares since the EU referendum in June means the stock is trading on 15 times the earnings expected by Bernstein analysts. The challenger banks Aldermore and Secure Trust Bank offer more tempting growth prospects.
Ah I see.. Thanks for the info.
http://www.investegate.co.uk/secure-trust-bank--stb-/rns/holding-s--in-company/201312131653005547V/ frees up a few for xmas? :-)
Interesting. Just profit taking? Any thoughts anyone?
dum de dum de dum….https://www.youtube.com/watch?v=8SIqikyX3OM i know what i like…… :-)
Secure Trust Bank (STB) is growing both organically and by acquisition, bringing diversification of credit risk, distribution and improved operational capabilities. Organic loan growth remained strong at 44% and there were three significant acquisitions to build future growth. STB continues to be strongly funded and capitalised, and well positioned to exploit opportunities as major banks continue to re-structure. The valuation reflects current opportunities and not potential upside from further acquisitions. Secure Trust Bank is a well funded, strongly capitalised bank. Its lending is focused on several niches in the UK personal market. It is also building non-interest income from budget accounts and current accounts.
write up on p72 about this....
quite generous given pe
When most other banks are struggling to keep both their profits and reputations, Secure Trust Bank (STB) continues to embellish both. Buy the Birmingham-based bank as further growth is expected in the second half of the year and beyond. The bank has modest exposure to PPI, but has kept clear of the other scandals that have led to larger lenders spending their profits on compensation payments. Its results in the first half of the year were strong, showing a 40% return on average equity and a £12.5 million pre-tax profit, up from £5 million a year earlier. Its loan portfolio grew by 22% to £260 million during the period, ahead of the 18% market consensus. Deposits jumped 37%, giving it a loan-to-deposit ratio of 87%. Secure Trust has spent some of its profits on diversifying its lending portfolio and broadening its distribution channels. In June the bank bought Everyday Loans, a provider of unsecured lending with a £63.9 million loan book, from Alchemy Partners and management. A price/earnings ratio for 2013 of 15.5 times represents a hefty premium to the overall sector, but the rapid earnings growth, lofty return on equity and 4.1% dividend yield more than justify the rating.