Secure Trust Bank (STB) is delaying the release of its FY19 results, due on 26 March, as requested by the FCA on account of COVID-19. It was aiming for double-digit earnings growth in 2020 and stated that its first two months of trading was strong and ahead of management expectations. COVID-19 uncertainty has nevertheless prompted STB to cancel its forward guidance and final 2019 dividend payment. We are maintaining our FY19 forecasts as the pre-close statement indicated that results would be
27 Mar 2020
Secure Trust Bank - Guidance and final 2019 dividend suspended
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Secure Trust Bank - Guidance and final 2019 dividend suspended
Secure Trust Bank Plc (STB:LON) | 665 -66.5 (-1.5%) | Mkt Cap: 126.6m
- Published:
27 Mar 2020 -
Author:
Pedro Fonseca -
Pages:
2
Secure Trust Bank (STB) is delaying the release of its FY19 results, due on 26 March, as requested by the FCA on account of COVID-19. It was aiming for double-digit earnings growth in 2020 and stated that its first two months of trading was strong and ahead of management expectations. COVID-19 uncertainty has nevertheless prompted STB to cancel its forward guidance and final 2019 dividend payment. We are maintaining our FY19 forecasts as the pre-close statement indicated that results would be