Stock data
| Market cap. | £148.4m |
| Last close | 1047.50p |
| High / Low (52 weeks) | 1047.5p / 720.0p |
| Stock market listing | AIM |
| Forecast net debt (m) | N/A |
| Forecast gearing ratio (%) | N/A |
| Team | Financials |
| Sector | Financials |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | 16.39 | 36.04 | N/A |
| Relative * | 12.26 | 19.13 | N/A |
* % Relative to local index
Other companies covered in sector
| Y/E Dec | Revenue (£m) | EBITDA (£m) | PBT (£m) | EPS (p) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2009A | 21.7 | N/A | 8.1 | 46.4 | 22.6 | N/A |
| 2010A | 24.2 | N/A | 8.7 | 50.0 | 21.0 | N/A |
| 2011E | 26.8 | N/A | 5.9 | 34.0 | 30.8 | N/A |
| 2012E | 31.3 | N/A | 10.9 | 57.7 | 18.2 | N/A |
Last updated on 24/01/2012
Latest research
Go, baby, go
Outlook | Financials | 24/01/2012
Investment summary
As a bank with strong capital ratios and excess deposit funding, Secure Trust Bank (STB) is exploiting the vacuum created by the financial crisis in several niches across the UK personal lending market. Strategically, it is also building non-interest income from current/budget accounts. The near-complete withdrawal by competitors allows STB to profitably grow both at exceptionally strong levels. The current price modestly undervalues the existing businesses but gives no credit for the opportunities that the IPO capital raising and strong funding allow; nor is inorganic growth in our numbers.
Last updated on 24/01/2012
Key management
| Paul Lynam, CEO |
Company address
| One Arleston Way Shirley Solihull, West Midlands B90 4LH United Kingdom 0121 693 9100 View website |
