A different sort of newcomer bank. Formerly Kent and Reliance Building Society, most of their funding is from retail deposits and balance sheet is more easily understood than the impenetrable ones of the big banks. Heavily into the buy to let sector of lending, so rapid growth last two years likely to tail off, but nothing wrong with a good cash cow. Yield should be around 5% this year. I have bought a modest holding but always dyor.

This comes a few days after a £60M issue of Fixed Rate, Resetting, Perpetual, Subordinated, Contingent Convertible Securities. Initial interest rate of 9.125% p.a. looks strange to me. Hope they know what it all means. I liked the relatively simple way this business operated, but have now banked very decent profit. Always dyor.

Seems a very wise move to me Partridge.

Interims: http://www.moneyam.com/action/news/showArticle?id=5638683

PS: Can you put a chart in your header please Partridge?

Too old and technically incompetent Stan (born not far from Burnley). Lost a bit of interest in these and sold after that strange bond issue. Never could work out the relevance of charts, prefer looking at numbers.

Some Director selling but nothing unreasonable http://www.moneyam.com/action/news/showArticle?id=5674888

LATEST BROKER VIEWS

Date Broker New target Recomm.
7 Sep Credit Suisse 460.00 Outperform
4 Sep Peel Hunt 435.00 Add
31 Aug Barclays... 490.00 Overweight
25 Aug Numis 349.00 Reduce
24 Aug Peel Hunt 425.00 Add
24 Aug Numis 330.00 Reduce
24 Aug Shore Capital N/A Buy
24 Aug Liberum Capital 495.00 Buy
1 Aug Shore Capital N/A Buy
21 Jul Citigroup N/A Buy

Sector seems to be trying to turn back up again today. The algo's seem to be a bit more of a hurry to buy than usual

A spot of Book building as apposed to Book binding http://www.moneyam.com/action/news/showArticle?id=5690164

LATEST BROKER VIEWS

Date Broker New target Recomm.
16 Oct Jefferies... 512.00 Buy
7 Sep Credit Suisse 460.00 Outperform
4 Sep Peel Hunt 435.00 Add
31 Aug Barclays... 490.00 Overweight
25 Aug Numis 349.00 Reduce
24 Aug Peel Hunt 425.00 Add
24 Aug Numis 330.00 Reduce
24 Aug Shore Capital N/A Buy
24 Aug Liberum Capital 495.00 Buy
1 Aug Shore Capital N/A Buy

Have you chaps traded this one at all? spread looks reasonable.

Went long on the spreads Stan 5th @ 381p stop to entry.

Thanks CC seems to be in a bit of range at the mo.

Breakout

Well done Chris. I got shaken out for a couple of points.

Thanks CC

Trading update http://www.moneyam.com/action/news/showArticle?id=5734639

Ed:Up nearly 5% on that news so far.

A nice range trade this as it's been bouncing off around 400. I've closed now.

Good luck to all that hold. Personally I'd like to see it go back to 400 so I can run the trade again but that doesn't seem very likely after this set of trading results.