Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Started: katenip, 4 Jun 2024 18:17
Last post: 34adsaddsa, 5 Jun 2024 22:09
CEO and his wife buying £80K's worth didn't hurt.
The fundamentals speak for themselves.
I’m not complaining but is there any suspected reasons for this current roar?
Started: piworld, 21 Mar 2024 09:53
Last post: piworld, 21 Mar 2024 09:53
David McCreadie, CEO, outlines Secure Trust Bank’s Full Year 2023 highlights for the period ended 31 December 2023.
Watch the video here: https://www.piworld.co.uk/company-videos/secure-trust-bank-stb-fy23-results-highlights-march-2023/
Or listen to the podcast here: https://piworld.podbean.com/e/secure-trust-bank-stb-fy23-results-highlights-march-2023/
Started: Telf, 1 Feb 2024 11:21
Last post: Telf, 1 Feb 2024 11:21
There is an interesting Investor's Chronicle podcast interview with Lord Lee, the first ISA millionaire?, where they take a deep dive into Secure Trust Bank, in which Lord Lee is a keen investor. He mentions the attractive NAV, yield, conservative dividend cover and the possibility of good growth or takeover interest.
https://podcasts.apple.com/gb/podcast/investors-chronicle/id951671327?i=1000643482726
Started: piworld, 9 Nov 2023 14:41
Last post: katenip, 31 Jan 2024 12:01
If the customer wants zero interest purchasing arrangements, how does the customer expect these arrangements to be paid for?
Separately, STB is trading at discount to NAV…FCA investigations aside, it looks like a decent punt, with useful yield.
Yes, I've just read the article from Shore Capital. I'll revisit STB after results and when there's more clarity on the FCA investigations.
"Regulatory initiatives ‐ Vehicle Finance
We note the FCA's recent announcement about discretionary motor finance commissions. We operated some discretionary
commission arrangements until 2017. From 2014 to 2017, a mid‐single digit proportion of our new vehicle finance loans
included such arrangements. The FCA plans to set out its next steps in Q3 2024, when the implications for the industry
should become clearer. We will provide further information to the market on these developments as appropriate.
Separately, during H2 2023 we engaged in formal discussions with the FCA about our collections processes, procedures
and policies in Vehicle Finance. This follows the FCA's review of Borrowers in Financial Difficulty (BiFD) across the
industry. We have engaged external support to assist us with this review and, where necessary, are enhancing our
approach. We currently expect the review to conclude by the end of H1 2024."
I decided not to touch STB until there's a response regarding the motor finance scandal. Being a smallcap, it will crash and burn if there's any involvement whatsoever. It changes the entire investment thesis. I just liquidated my holdings in Lloyds and Barclays. It seems like banks are full of crooks.
Have emailed request for information regarding this matter. Will advise when/if I get an answer
Started: smorrisjones, 8 Nov 2023 08:09
Last post: smorrisjones, 8 Nov 2023 08:09
Is still moving forward positively I see.
Started: piworld, 18 Oct 2023 12:59
Last post: piworld, 18 Oct 2023 12:59
Wednesday, 8 November, 11:00am
The Capital Markets event will include a deep dive into the Retail Finance division and further detail on the Group’s path to delivery of its medium-term financial targets. Speakers at the event will include David McCreadie, CEO, Rachel Lawrence, CFO, Nick Davies MD of Retail Finance and Andy Phillips, Commercial Director of Retail Finance.
To register for the event in person or virtually, please contact SecureTrustBank@teneo.com
Started: smorrisjones, 27 Sep 2023 19:25
Last post: smorrisjones, 27 Sep 2023 19:25
Share price is still in its stuck state. This company is so undervalued at the moment, and I have high hopes of it doing well in the future. Great price to buy in now considering revenue is growing and growing profits which shall turn into larger dividends going forward.
Started: RafaelWalter, 11 Sep 2023 00:26
Last post: MatthewC, 11 Sep 2023 07:35
It’s 7.45. Is this a joke or a Bot?
The buying momentum remains steady this morning, indicating a potential breakthrough of £6.
Started: AlanTieus, 10 Sep 2023 21:45
Last post: AlanTieus, 10 Sep 2023 21:45
CEO David McCreadie provides insights into Secure Trust Bank's 2023 Interim results and future prospects. Watch the video or listen to the podcast for more details.
Started: DavidGrissom, 10 Sep 2023 20:20
Last post: DavidGrissom, 10 Sep 2023 20:20
The first batch of purchases were made by a committed director, while the second batch lacked the same level of commitment, indicating a display of confidence.
Started: BadaySom, 10 Sep 2023 00:53
Last post: BadaySom, 10 Sep 2023 00:53
The interim results for the six months ending on June 30, 2023, have been announced by Secure Trust Bank.
Started: Craigb, 10 Aug 2023 12:36
Last post: IntraVnus, 17 Aug 2023 15:48
Another £75,000 paid by the CEO for shares in the marketplace, at c.670p
1st lot were commited director buys, 2nd not so, shows confidence.
Not selling yet are you mate ? 😉
Looks like the trader who was hoping for an instant 10% / 20 % have left this morning, hopefully a steady move up now.
I think banks / lending as a whole are not favourable at the minute, market possibly expecting more defaults?!
Now in here with you Craig...at what seems like a price that is too good to be true...I've bought not at 30% higher but surprisingly at an even bigger discount. The market has clearly not liked today...and our question now is what is it expecting /seeing here that we are not? It's clearly not liking something in a very big way...
Was surprised that even deposits increased...will that continue as rates have gone even higher since the end of June? Is that impairment truly a one-off? Big questions, but I think worth a starter position as things stand.
Ive invested long term on this, balancing out the portfolio and spreading risks, I never tend to trade short term, todays results just reaffirm what I was hoping.
Dividend inline with the Group policy to return 25% of earnings to shareholders, if figures continue as they are , we should have a great yield buying in at these prices.
Last post: Craigb, 11 Aug 2023 12:33
Decent buying again, should see £7 if it continues.
Back to we’re it belongs.
Started: Craigb, 10 Aug 2023 08:45
Last post: Craigb, 10 Aug 2023 08:45
Steady buying again this morning, should break the £6
Started: piworld, 9 Aug 2023 09:01
Last post: piworld, 9 Aug 2023 09:01
David McCreadie, CEO gives an overview of Secure Trust Bank’s 2023 Interim results and an outlook for the rest of the year.
Watch the video here: https://www.piworld.co.uk/company-videos/secure-trust-banak-stb-interim-results-2023-overview-august-2023/
Or listen to the podcast here: https://piworld.podbean.com/e/secure-trust-bank-stb-interim-results-2023-overview-august-2023/
Started: Craigb, 8 Aug 2023 15:07
Last post: ggrantsu, 8 Aug 2023 19:50
Its a fair assumption to make...and frankly I could see this up 30% tomorrow on relatively good news. I just don't know because of course this is a very complex investment which requires knowledge of their book and deposit health. It could be a fantastic bet and one I've now been considering for months and do kind of regret not betting a little on tomorrow...
Some smart investors like Ennismore have bet big here...definately not a fools errand, just felt to me like there was some macro risk - things have got quite a bit worse over the last few months so their outlook is also key tomorrow.
Wishing holders the best of luck and will be watching keenly! It was a choice between Secure Trust, One Savings Bank and TP ICAP - in the end felt like with TP ICAP you should have the greatest benefit with interest rate volatility and its also incredibly cheap (albeit in a different way to the banks)...will be quite interesting to see how all 3 fare in the morning.
I’ve taken it has the risks are priced in already.
These risks explain why the share price is half where it was last year so to a great extent priced in? That’s the judgement you make investing now. We should know more about the outlook tomorrow but the company seemed upbeat in May. Will they have seen any deterioration since? We should find out tomorrow.
8% div yield also attractive but will that be maintained? Let’s see.
It’s a great write up yes….but punting on this is a huge macro risk…I’ve been looking for a long while now and just cannot take the plunge. It’s unsecured lending in what is looking like a more and more pessismistic backdrop. A poster yesterday hit the nail on the head highlighting the deposit risk as well…it’s quite significant. Why leave money in secure trust when you can go to someone risk free or government and her higher rates?! It doesn’t make sense and there is a real risk of outflows alongside all the unsecured credit impairment risk…
I’m not trying to be negative….this could be a superb investment. Just feel like it’s too risky as of right now and the Midas touch doesn’t exactly delve into those clear risks!!
Https://www.thisismoney.co.uk/money/investing/article-12375969/MIDAS-SHARE-TIPS-Secure-Trust-Bank-winner.html
Brilliant write up on this is money, tomorrow should see a decent trading update.
Started: ASR1975, 1 Aug 2023 14:46
Last post: MatthewC, 7 Aug 2023 15:11
Up 5.4%! This guy is a genius. I’m going to be following his recommendations👍
Run conservatively but can get hammered by new car financing options entering the market and UK consumer bad debt write-offs hit, even in previously credit worthy customers. Its also harder to compete for customer deposits vs the big boys who have upped their interest rates in the past 1-2 months.
This explains the share price as it discounts the bad stuff about to show-up in next 12-24 months results.
Back in March you raved about BWNG at 32p using your accountancy prowess. Now it's 23p. Enough said.
Looked @ this for an investment for the last 6 months - and come to the conclusion to buy @ £6 per share getting around 8% dividends and the business per latest results has done well and yet as far as I can see the share price has never been lower in 12 years.
My hunch is that when they release the 6 months results possibly next week. this will be up a minimum 25% over the month after results day. I'd love people to come back to me on this comment on around mid September to tell me I'm the next Warren Buffet.
I'm also going to start making some predictions every now and again so people can see if i'm the worlds worst investor or if i have some sort of aptitude for this share game. Please feel free to look back on any comments i've made in the past. PS i've not posted on here for sometime
Added a few last week, looks a solid buy, 8% yield at current prices too.
Started: piworld, 30 Mar 2023 08:19
Last post: katenip, 3 Jul 2023 16:55
I may be being incompetent, but the NAV is massive cf. the share price...surely a disconnect somewhere.
Last time I bought a bank on a generous discount to NAV, it was TSB and they were swiftly hoovered up, alas, and below NAV.
I think its better than OK. The business looks strong but the sp stays not far off all-time lows.
Looks a solid buy to me.
Secure Trust Bank #STB FY22 results overview by David McCreadie, CEO
https://www.piworld.co.uk/company-videos/secure-trust-bank-stb-full-year-2022-overview-march-2023/
PTP +28.1% (pre impairments) £76.1m
Total PTP £44m (cf £36.6m)
19.1% growth in lending balances to £2.9bn
500bps improvement in cost income ratio to 55%
Tot divi for yr 45.1p
Outlook in line
Started: schwee, 12 Mar 2023 13:24
Last post: You_Having_a_Laugh, 12 Mar 2023 15:48
IMHO, it was a good deal and this is a great buy with decent yield and good risk management. If they raised now it would be a good chance of it costing more than 13% p.a. given what has just taken place in US. Even if totally unrelated a small bank like STB would feel the knock- on effects.
Each to their own. I buy on further weakness.
Borrowing £90m at 13% for at least 5 years if not more is more akin to equity than debt. And as the debt cannot be bought by retail investors, they should avoid buying the real equity IMHO.
Started: Digger01, 15 Dec 2022 18:09
Last post: Archy147, 29 Dec 2022 13:58
Dude I've had similar problems trying to open a new account with HSBC. When I rang them I was left on hold for 40 minutes, not just the one time too.
I gave up on them also and switched to Starling bank, who had it done within 48 hours. And they actually bothered to answer the phone in under 5 minutes when I called them.
These old banks feel like dinosaurs in comparison to the challengers.
That said, it still feels like a relatively safe investment here. Can't see any good reason why it shouldn't be trading at £10+. I'm holding until we get there.
I am a shareholder and have been for two years, however I am currently not happy!
Both my wife and myself have tried to open an ISA account and a savings account having £40k to deposit. After going through the online application process, it finished with a message. “We just need to do a few checks and will confirm within five working days. 6 weeks later and a call to customer services, and we have taken our business elsewhere. As a shareholder, I am amazed that a business with 15% YOY expansion plans, can’t even process new account applications!
Started: piworld, 14 Dec 2022 14:42
Last post: Archy147, 15 Dec 2022 14:12
The share is seriously unloved.
Have no idea why (considered too dull maybe?), but it's also seriously undervalued. Easy to see a doubling here over the next 12 months.
A very capable presenter and so far appears to have done a solid job as CEO. Looks capable, which is reflective of the relatively high level of remuneration, along with the sector specialism, CFO also has a solid background and appears to be a safe pair of hands. If you want a decent CEO/CFO you have to pay for one. I will follow this with interest. I have started with a small holding. It looks like there is value here, but those metrics can change in extreme conditions. This could easily double or more in a 5 year timeframe - all the usual caveats. I also noted that Lord Lee or Trafford did (and assume he still does) have a holding here.
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/
Alternative lenders are hardly flavour of the month right now but there must be value here surely? "Core" EPS (Retail, Vehicle, Real Estate and Commercial Finance businesses only) of 69p/sh in the Aug 22 interims.
Last post: Digger01, 13 Jul 2022 19:46
Continued investment from II’s.
Follow the money!
Interims announcement soon.