• Fast growing UK bank trading at 5.1x PE and 0.45x PB - Part 2

  • Oct 26 2024
  • Length: 37 mins
  • Podcast

Fast growing UK bank trading at 5.1x PE and 0.45x PB - Part 2

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  • Summary

    • In this series of videos I take a look at Secure Trust Bank (STB.L) - a fast growing specialist lender trading at a deeply depressed valuation. Part 2 provides an in-depth look at the vehicle finance segment.
    • Chapters:
      • 0:00 Introduction
      • 01:10 Vehicle finance overview
      • 03:50 Product breakdown
      • 14:35 Commission and FCA investigation
      • 17:50 Loan book growth
      • 18:58 Net interest income and risk adjusted income
      • 21:53 Market share and competition
      • 23:40 Black Horse Limited
      • 26:50 Volvo Car Financial Services UK Limited
      • 29:32 Close Brothers Group plc
      • 32:22 Next episode preview and Firm Returns
    • You can read the article here: https://www.firmreturns.com/secure-trust-bank-research-report/
    • Where you can also subscribe to my free newsletter to get the articles delivered directly to your inbox.
    • I'm on Twitter at: https://twitter.com/FirmReturns
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