xTitanic
17 Feb 2015
Re: it has to be said ............ Its a bank - what do you expect.
Hardboy
17 Feb 2015
Re: it has to be said ............ It'll liven up a bit in 3 months when you get your bonus shares. That will be exciting!
goldpig1
17 Feb 2015
it has to be said ............ This is about the most boring share i have ever owned
xTitanic
12 Feb 2015
Getting near to float level Tempting. But then my inner voice shouts "Its a BANK"
JohnyCash
03 Feb 2015
TSB - Most Successful Banking Brand Only one UK bank is in the top 10 of the world's most valuable banking brands. According to the latest edition of Brand Finance 500, the world's most valuable bank brand this year is the US bank Wells Fargo, retaining its pole position from 2014. HSBC is the UK's most valuable bank brand and ranked third in the world. Out of the top 10, four banks are Chinese and four American; Spanish bank Santander, which has a sizeable UK presence, comes 10th. The top 10 rankings just for UK banks puts HSBC first followed by Barclays and Lloyds. The Queen's bank, Coutts, comes 20th in the UK and a lowly 438 worldwide; Brand Finance says it lost 42pc of its brand value in a year.The most successful UK bank brand this year was TSB which has seen its brand grow by 21pc. Only one UK bank is in the top 10 of the world's most valuable banking brands. According to the latest edition of Brand Finance 500, the world's most valuable bank brand this year is the US bank Wells Fargo, retaining its pole position from 2014. HSBC is the UK's most valuable bank brand and ranked third in the world. Out of the top 10, four banks are Chinese and four American; Spanish bank Santander, which has a sizeable UK presence, comes 10th. The top 10 rankings just for UK banks puts HSBC first followed by Barclays and Lloyds. The Queen's bank, Coutts, comes 20th in the UK and a lowly 438 worldwide; Brand Finance says it lost 42pc of its brand value in a year. The most successful UK bank brand this year was TSB which has seen its brand grow by 21pc. [link]
forwardloop
29 Jan 2015
info shares mag from Alliance TrustTSB targets mortgage growthBrokers start selling home loans for challenger bank Mark Dunne TSB chart High street lender TSB Banking (TSB) has stepped up its campaign to steal market share from the big four banks by selling mortgages through intermediaries. A strong mortgage book is a must for any retail bank looking to build sustainable, quality growth.The £1.3 billion cap’s mortgages will no longer be solely available to those walking into one of its 631 branches. Home loans will now also be sold by third parties following a four-week pilot with broker London & Country. The scheme is being rolled out to nine additional brokers and 73 authorised firms.The first indication of the scheme’s success is expected in its Q1 update (29 Apr). TSB anticipates that the scheme will add some £6 billion to its lending by 2018. Analysts at Investec lifted their return on equity forecasts for 2018 to 8.2% from 7.5% following the news. Shares says: "Mortgages are a major part of TSB’s plan to become a credible challenger to the UK’s largest players. Get in at 278.4p."TSB’s overall lending fell by £300 million in the third quarter of 2014 to £19.1 billion, but its mortgage book expanded 11.8% to £397.8 million. Boosting its share of the mortgage market is one of TSB’s strategic aims with early innovations including paying the stamp duty on homes bought for up to £250,000 with its cash.Building a strong mortgage book is crucial. In 2017 it hands a £3.3 billion mortgage portfolio back to former parent Lloyds Banking (LLOY), this was used to attract investors to its initial public offering (IPO) (25 Jun ‘14).The retail bank, which also provides current accounts, savings, loans and credit cards, has the cash to fund its ambitions. It has £24.2 billion of deposits, a rise of £500 million in the third quarter, which translates to a 78.9% loan-to-deposit ratio. The further below 100% the better and this relatively strong position means the bank can competitively write new business.Mortgage lending is falling on a tougher application process and uncertainty ahead of May’s general election, but an expected interest rate rise next year would boost TSB’s loan book.The FTSE 250 member is in much better shape than many other challenger banks, as politicians have labelled them. Net interest income is 3.6%, more than double the 1.4% recently posted by Virgin Money (VM.). The IPO helped TSB build an 18.8% capital buffer to protect it against a market correction, while it spends 72p from every £1 earned on costs – 4% lower than in the previous quarter.TSB has a track record of expanding market share. In the third quarter it claimed some 10% of all new current account openings. Shares says: buyTSB
Kingel
21 Jan 2015
Re: NEW ARTICLE: Time to buy TSB TSB upgraded on mortgage service launchTSB (TSB) has been upgraded following the launch of its mortgage intermediary wing and evidence of early delivery on its targets. Investec analyst Ian Gordon upgraded his recommendation from ‘hold’ to ‘buy’ and increased his target price from 290p to 300p after a tie-up with London & Country to provide mortgage services. The shares rose 2.3% to 275.3p yesterday.‘While many have bought into TSB as a five-year growth story, we sense that a number of would-be investors have got a little tired of the very consistent message from management that ‘patience is required’,’ said Gordon.‘We now think that, with [the] launch of its mortgage intermediary offer, the time for waiting is nearly over and that by Q2 2015 we will start to see tangible early evidence of delivery. We see TSB as an attractive, discounted, legacy-free, mortgage-led growth story.’[link]
II Editor
20 Jan 2015
NEW ARTICLE: Time to buy TSB "LSE:TSB:TSB, which in the 1980s marketed itself as "the bank that likes to say yes", has this week said "yes" to a new mortgage intermediary channel. Rather than confining home loan sales to its branch network, brokers are now free to sell the ..."[link]
Hardboy
18 Dec 2014
Institutional Holdings The Fund Managers are slowly building stakes - I make it 3 which now have >3%
