PROGRESSIVE: Secure Trust Bank- Focus on Return on Required Equity

2 hours ago

Research on Secure Trust Bank Plc (STB:LON) from Progressive Equity Research

STB’s recent announcement of the second tranche of its £10 million share buyback programme provides confidence in its current capital position and future capital generation. We forecast a 13.4% FY26E CET1 ratio, climbing to 13.8% and 14.4% in FY27E and FY28E. Adjusting forecasts for a 13% required CET 1 ratio we forecast a Return on Required Equity - continuing businesses – adjusted, of 13.0% for FY26 rising to 15.4% in FY27, and 16.5% in FY28 providing options for capital redeployment and distribution.

View Full Research

Disclaimer & Declaration of Interest

The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

Market Sectors

Great Western wraps drilling at Defender tungsten project, confirms multiple scheelite intersections

Quantum Helium advances Sagebrush operations and wider Colorado drilling strategy

Cavendish says Blencowe’s new interim CEO is “safe pair of hands” and boosts target to 47.9p

Cadence Minerals supplements recent £1.8m raise with £450,000 WRAP retail offer

Great Southern Copper reports highly encouraging metallurgical results from Mostaza

Edison - IP Group:Cash realisations reinforce portfolio momentum

Edison - PCI-PAL:Partnership with BT confirmed

PROGRESSIVE: Nexus Infrastructure- Building slowdown prompts cost-cutting drive

Longspur Clean Energy - Ampeak Energy - Interims Reflect Focus on Delivery

PROGRESSIVE: Secure Trust Bank- Focus on Return on Required Equity

Edison - Boku:FY26 outlook maintained; strategic progress made

Zeus says Rift Helium could be worth multiples of current share price

Mining Matters - Cavendish says Blencowe Resources shares could go 500% higher

Oriole has 1.2 million ounces of gold from surface at Mbe

This commodity cycle will be bigger than 2002-2007

Bradda Head poised to benefit from lithium rebound

PROGRESSIVE: Secure Trust Bank- Focus on Return on Required Equity