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STM Stm Group Plc

57.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Stm Group Plc LSE:STM London Ordinary Share IM00B1S9KY98 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 57.50 55.00 60.00 57.50 57.50 57.50 0.00 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 24.42M 844k 0.0142 40.49 34.16M
Stm Group Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker STM. The last closing price for Stm was 57.50p. Over the last year, Stm shares have traded in a share price range of 24.00p to 60.00p.

Stm currently has 59,408,088 shares in issue. The market capitalisation of Stm is £34.16 million. Stm has a price to earnings ratio (PE ratio) of 40.49.

Stm Share Discussion Threads

Showing 376 to 390 of 1500 messages
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DateSubjectAuthorDiscuss
11/2/2016
17:57
Ah. Ok understood.
Rise then fall back later after initial rush is quite common I guess ..after tipster coverage.
I was wondering in case you were referring to IC writers.

---
In this mkt fall at least STM
- has big chunk of nett cash
- generates fair amount of real cash
- has big amount of recurring income
- not dependant on oil price or copper price !
- payment from most clients is an agreed price/year not a % of mkt value of stocks

smithie6
11/2/2016
14:19
Price shoots up after an IC recommendation. Drops 2 weeks after.
stewy_18
11/2/2016
10:28
??

Can you explain that post a little ?

smithie6
11/2/2016
08:21
Ivestor chronicle crew got bored quickly I see.
stewy_18
05/2/2016
12:39
.be interesting to calculate the margin on additional turnover

(Noting Finncap seems to be predicting a turnover increase of say 1.5M or so ...and a PBT increase of 1M !! )

;-)

-----
P/E

imho in current climate....with euro interest rate continuing its downward trend....and not envisaged to start to rise until Cameron's grandchildren start working !

And bank interest rates are on the floor..and property prices are high in the view of many..and buy to let is getting hit by new Govt taxes etc

.....so it is difficult to get a return from cash..


...the P/E rates for cos.producing profits-cash will be higher as a result of bad-few other choices. should be as follows imo

-0 growth in profits. Low downside risk to profits. P/E of 15
- >20% profit-free cashflow growth. Low downside risk to profits.P/E of 20.

Hence imo STM justifies a P/E of approx 20.
Noting the profit margin on additional turnover and growth in PBT over last 2 financial years one could argue for a higher P/E

Forward EPS 5p (Finncap)
So, (20 x 5p) + 17p (cash/share in 1yr)
= 100+17p = 117p

So my price target after H1 results in approx. Sept 2016 ...if results are in line with achieving close to Finncap's PBT number of 3.7M pnds is

117p

If say that 100p is more possible due to top slicers..then would be 40p rise over 7 months or just over 5p/month.
Fingers crossed ! Underpriced imo at the moment.

smithie6
02/2/2016
17:26
Stuart
Btw
Post 312 from phil gives a summary of the previous numbers from ST

Giving a cash adjusted P/E of around 11


( Since PBT announced as same as expected I assume that ST's numbers are unchanged.....he said 3.8p EPS....(I think around there but depends on tax rate %, weighted numbers of shares (Im not selling so not Im not calculating that) etc ....

...one can also talk about underlying EPS etc etc

And margin and operational gearing

Main point from ST was he felt mkt had taken co. news in wrong way. I agree.
Hit expected PBT on the head.....was buying opportunity..so I did....although the further fall to 46p did worry me a bit ! At 46p buy price it was down big % & close to chairman's buy price if ~36p.

After a big run up from 20p its no surprise to see a price fall....similar has happened at many shares after a big % run up.

Mkt is moved so much by sentiment, & often wrong. (VLK, Fitbug, MOS, BOOM...;-) , some of my correct calls)

smithie6
02/2/2016
15:39
Dividends !!

Who cares imho !

(for income I think one should look at property not STM...although....a divi could help support the sp)
....dirs. say they expect to give one...soonish....but havent said when
---

Ah so PS has bought back in then ?
He previously bought lower down then got bored and sold. My info is from the horse's mouth (via internet).
...someone suggested he originally buy...then someone else suggested he sell !....crazy mistake, it was so cheap at 25-35p X months ago
---

But I can understand if some/you prefer to see results and details.

____

You saw the last ST comments including EV/PAT estimate ?
(EV takes into account the cash held: ie. removed to calculate the ratio

ST calc. gave 11, I agree)

Not so long ago I recall.
If not then its worth a look (I think someone posted the main points) or do own calc.
---

If operate with 2 exec dirs and dont replace departing 1, then approx. 200k increase to PBT on on going basis.
But he will work X months of notice...and I assume he will get paid what he doesnt work...so I assume no saving in 2016.


---

Growth
if I recall the PBT has gone from roughly 1.7M to 2.7M in 1 year, but check to be sure. And from around 0 I think 2 years ago. It now has a much bigger client book paying annual fees ...and expanded overseas...so hopefully wont fall back to 0 over next 2 years !

smithie6
02/2/2016
15:04
I'm waiting for dividends announcements Smithie. I also want to see what EPS works out at. FYI Paul Scott bought after the trading statement (about 54 pence) so I'm not sure where you get your information from.

I have EPS at 3 pence for year end so it does not strike me as a bargin at the moment. You say the growth is high and the clients sticky but PTP grew 20% from 2014. I could be wrong here and my EPS forecasts maybe too low.

Would love to see ST article in full if anyone would post.

Best

Stuart

stewy_18
02/2/2016
10:33
Waiting for results ??
PBT has been reported...and H1 results..

What data havent you got ?!

--
(2.7M PBT. If 1M tax then around 2M PAT. 60M shares in issue would give 3.3p. Weighted shares is lower gives EPS a bit higher. 3.5 ?
Underlying EPS is imho higher.

Who cares about detail !!
Its solid growth.
Cheap share price imo for co. with good EPS growth and good fundamentals.

In 2-3 years time we see how growth has gone and the share price then.

Not without risks..but imho very good downside protection; from earnings. from large sticky client book.
Essentially no debts. No insolvency risk. Large chunk of cash.
Big chunks of company held by dirs & involved parties who will hopefully use their brains and time to help co. do well.

Also Paul Scott bought some at lower price and then sold, usually a reliable buy sign !!
;-) ..I think the share price then doubled...


imho look at EV ratio and other ratios....

Forget simple P/E
---

Risks
Of course.
Had 2 years of high growth, can it continue ?
What are competition doing ?
Etc etc

imho
NAG DYOR

Fulltimeinvestors.com
....whose many (0 !) happy subscribers got in below 30p...and website recently added at 50p (tweeted)

smithie6
01/2/2016
12:42
Yes, but IC reader notoriously short sighted. I will wait until the results to pass judgement. I have EPS around 3 pence so at 54 pence that is quite a hefty rating. Lets wait and see.
stewy_18
01/2/2016
12:32
Big write-up from Simon Thompson in IC today..

"Investors have completely misinterpreted the news from STM (STM:47p), the Aim-traded financial services company specialising in the administration of assets for international clients in relation to retirement, estate and succession planning and wealth structuring."

Guess that's what ha prompted the 10% bounce... wish I had topped up last week.

philw2009
20/1/2016
16:54
If the tax they paid in previous periods is anything to go by then I agree with Stuart. Eps could even be lower than 3p
johnsuwon
20/1/2016
12:25
Smithie6,

Agreed re cash. Gives the company a nice buffer if they need to expand. But the investment case going forward was that profits were going to rise exponentially because all new policies would fall straight to the bottom line. Brokers forecasts for this year are at 4 pence (by my guessstimate it will be closer to 3) and 5 pence next year. So although a solid performance, I can't see any reason to give it a premium rating at this point in time. STM has a lot to prove and it is a risk I wasn't prepared to take (bought at 59 sold at 54 after statement). I will watch from the sidelines for now. If the results re-introduce a dividend and the outlook is really positive, I may revisit it, but I got sucked in by the bullish outlook from Roskill.

While growth still impressive, this is not without risk and by no means a slam dunk. If it goes to low 40s I may look to get back in.

All the best

Stuart

stewy_18
20/1/2016
10:02
If it was going to grow exponentially in the coming years, I'm pretty sure the CEO wouldn't walk out for another opportunity. At £2.7 million profit before tax I get EPS of about 3.1 pence which is a far cry from the 4 pence in the brokers note and the 6 pence predicted by Roskill. At 55 pence that puts it on a P/E of about 18 which is overly warm for a company not growing as much as predicted. So I can see why it would sell off. If my calculations are right (3.1 pence EPS) it is on a PE ratio of about 16 which seems about right.
stewy_18
20/1/2016
09:50
The sell-off seems bonkers.
philw2009
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