Episode notes
- 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://w ...
Keywords
stock analysisvalue investingfinancebusinessbanking