Secure Trust Bank Research Report
Small UK bank with an excellent lending history, long runway for growth, and dirt-cheap valuation.
Archive
A collection of 123 issues
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Warner Bros. Discovery FY24 results and outlook
A year of excellent progress for DTC, offset by weaker studio performance, and continued network declines. Outlook for 2025 and 2026 is looking very promising.
Newsletter changes
Hello everyone. This is just a quick note to outline some changes I'll be making to Firm Returns going forwards. These include the addition of a new weekly newsletter, and a Firmer tier content and price change. Let's start with the new weekly newsletter.
Bottom Feeding
Portfolio changes 08/04/25
Jet2 Research Report
An exceptional leisure travel business trading at a highly attractive valuation given its long-term growth potential.
Portfolio changes 18/03/25
Portfolio changes 03/02/25
Aviva's acquisition of Direct Line Group
If realised, the considerable cost and capital synergies from this transaction could contribute towards an IRR in excess of 20%.
Company Updates - FSTA
Half-year results show strong year-over-year growth at every level of the income statement.
Company Updates - STB
Fallout from Court of Appeal vehicle finance commission ruling, and Q3 trading update.