Analyst Research Report Snapshot

Title:

SECURE TRUST BANK - GO, BABY, GO

Price:

$10.00

Provider:

Edison Investment Research

Date:

24 Jan 2012

Pages:

12

Type:

AcrobatPDF

Companies referenced:

STBS.L 0135.HK 2818.HK 3518.TW BRK.L CNBI.PK DELO.SI HRGV.L HT.N IPF.L MCRB.L PARA.L PELP.L PFG.L PFS.N PGC.AX PGNG.DE PGNh.V PGNN.PK PGNT.PK PGON.KL PRFN.BO PRG.L PRGN.OQ PRLE.PK PROV.OQ SCHN.PA SOCC.PK SU.TO SXG.V UPM1V.HE

Available for Immediate Download
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.

Why buy analyst research?

  • Institutional quality research
  • Available for Immediate Download
  • Detailed company or industry insight
  • Print or save
  • 24 hour customer support
Return to previous page without adding this item to your cart.
Email Customer Support.

About Analyst Research

Analyst research reports are available for immediate download after purchase. You will have unlimited access to the report for 24 hours after purchase, to download, print or save it as many times as you wish. Analyst Research provided by Reuters does not constitute investment advice, and is not endorsed by Reuters Research. This information is protected by copyright and intellectual property laws. More information on Analyst Research.