Secure Trust Bank (STB)

Sector:

Banking

Index:

FTSE Small Cap

367.00p
   
  • Change Today:
    -17.00p
  • 52 Week High: 894.00
  • 52 Week Low: 365.00
  • Currency: UK Pounds
  • Shares Issued: 19.07m
  • Volume: 114,268
  • Market Cap: £69.99m
  • Beta: 0.06

Sunday share tips: Central Asia Metals, Secure Trust Bank

By Alexander Bueso

Date: Sunday 06 Aug 2023

LONDON (ShareCast) - (Sharecast News) - The Sunday Times's Lucy Tobin believed that readers should 'buy' shares of Central Asia Metals, the copper miner.




Higher costs and investment since 2022 had hit its performance, alongside the tumbling price of copper.

But production costs were low overall and the miner had good cashflow, a strong balance sheet, zero debt and decent dividends.

And the long-term outlook for copper prices was good, given its vital role in electric vehicle manufacturing and decarbonisation initiatives.

On top of that, trading on just 6.2 times earnings, the shares looked "oversold", said Tobin.

The company's stated deal-making ambitions might be one reason for investors' "sniffiness", she noted.

Yet analyst Peter Mallin-Jones at Peel Hunt believed that the company's cash position underpinned its payout and opened up options for strategic acquisitions.

For his part, Richard Hatch at Berenberg judged that the miner was "among the lowest-risk, highest-yielding stocks of our coverage, yet it remains overlooked from a valuation standpoint. We would encourage investors to revisit the investment case of this quality name."

'Buy', said Tobin.

The Financial Mail on Sunday's Midas column recommended shares of Secure Trust Bank to its readers.

The lender's shares had more than halved over roughly the past year, but the tipster believed that was a "poor reflection of current trading and future prospects".

Midas also believed that Secure Trust Bank's interims that were due out over the coming week would likely prove "encouraging".

Indeed, brokers in the City were anticipating a 13% jump in full-year profits to reach £44m with a further improvement to £53m anticipated in 2024.

Furthermore, the business had grown and costs streamlined.

"Banks may be unloved right now but Secure Trust is a rather different animal and David Creadie is determined to make his mark," Midas said.

"The shares are a buy and the 7.5 per cent dividend yield is an added attraction."



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

STB Market Data

Currency UK Pounds
Share Price 367.00p
Change Today -17.00p
% Change -4.43 %
52 Week High 894.00
52 Week Low 365.00
Volume 114,268
Shares Issued 19.07m
Market Cap £69.99m
Beta 0.06

STB Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
100.00% above the market average100.00% above the market average100.00% above the market average100.00% above the market average100.00% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
75.78% below the market average75.78% below the market average75.78% below the market average75.78% below the market average75.78% below the market average
86.67% below the sector average86.67% below the sector average86.67% below the sector average86.67% below the sector average86.67% below the sector average
Income
99.73% above the market average99.73% above the market average99.73% above the market average99.73% above the market average99.73% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
13.46% above the market average13.46% above the market average13.46% above the market average13.46% above the market average13.46% above the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

STB Dividends

  Latest Previous
  Interim Final
Ex-Div 29-Aug-24 25-Apr-24
Paid 26-Sep-24 23-May-24
Amount 11.30p 16.20p

Trades for 21-Nov-2024

Time Volume / Share Price
16:35 5,453 @ 367.00p
16:35 1 @ 367.00p
16:35 199 @ 367.00p
16:35 244 @ 367.00p
16:35 104 @ 367.00p

STB Key Personnel

CEO David McCreadie

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