Stm Share Discussion Threads

[tabhair] 02/12/2024 12:37

elsa: just to clarify. We are getting the valuation of the loan note, it won't actually be paid out for another year.

[elsa7878] 01/12/2024 19:25

I have been told that the calculation of the value of the loan note is taking place and we should know the answer next week.

I was told we needed to wait a year from completion....but fingers crossed you are right and I am not.

[camerongd53] 29/11/2024 13:32

Tabhair
Thanks for this
Hopefully it will be good news!
I don't know how we shareholders are going to find out as I suspect there is no mechanism wih LSE for an RNS as the shares are no longer listed. I suspect that bestinvest who owned my shares will be notified.

[tabhair] 28/11/2024 20:42

I have been told that the calculation of the value of the loan note is taking place and we should know the answer next week.

Fingers crossed for some Christmas cheer and we get the full 7p. My portfolio is bursting at the seams with these loan notes as I was a very heavy buyer of the shares at 58-59p in the final few weeks.

[camerongd53] 23/11/2024 21:24

In a year's time this blog will be dead - It Has been quite good to me over the years

[taylor20] 21/11/2024 10:05

Curiously mine are in my ISA account (with ii)

[tabhair] 20/11/2024 20:11

Loan notes showed up in my AJ Bell account today.

[fillipe] 18/11/2024 17:12

Only just now checked my Barclays a/cc, to see that cash was credited on 14th Nov to both my Investment a/c and also my separte ISA a/c.
Best wishes to all,

f.

[baner] 14/11/2024 20:24

tabhair - excellent - many Thanks for you research and indeed, it is likely we shall get the additional 7p in due course. cheers!

[tabhair] 14/11/2024 14:35

hxxps://www.stmgroupplc.com/docs/librariesprovider45/archive/offer/scheme-of-arrangement-documents/project-atlantic---scheme-document(143884015-1).pdf

I've been reading the scheme of arrangement document to see what comes next with the DCU's.

This is the timeline based on my reading (if I'm wrong on anything, please correct me).

First question, is what are the conditions in determining the the actual monetary pay out.

"Subject to the DCU Conditions being met, the calculation of the Loan Note Principal Value shall be based on an assessment of change in the net attrition rate of customer numbers, which means, the netting off of new customer wins against customer losses on an annualised basis across, in each case, the STM Group business during the period from 30 September 2023 until the last day of the month prior to the Effective Date."

The actual amount we will receive is based on client attrition from 30 September 2023 to 30 September 2024.

Markets were quite buoyant/stable in that period, borne out by STM's recent results. Based on that, I don't see any reason why that pay-out shouldn't be the full 7p.

Second question, when will we be informed of what we're due to be paid out?

"Bidco shall prepare and deliver to a representative appointed by STM the calculation of the Loan Note Principal Value for review no later than 15 business days after the Effective Date."

Also.

"Within 10 business days of determination of the Loan Note Principal Value referred to above, Bidco shall issue the Loan Notes, each Loan Note being in a principal amount equal to the Loan Note Principal Value."

Effective date was the 31st of October 2024. Bidco have to tell STM the valuation 15 days after the effective date. Bidco then have 10 days after that to issue the loan notes to shareholders.

In other words, we should have loan notes in our possession with the exact amount we're going to receive by the 25th of October 2024.

Final question, when will the loan notes actually pay out?

"Other than as set out below, the Loan Notes will be issued on the Loan Note Issue Date with a term which shall end on the date falling 12 months after the Effective Date (the “Final Redemption Date”)"

The loan note will pay out 1 year after the effective date. In other words, we should receive the money on the 31st of October 2025.

[tabhair] 14/11/2024 12:06

I got my money today as well, although there's no mention of the DCU.

[lammylover] 14/11/2024 11:29

Received my money today (14/11/24)in my trading platform, exactly as per the RNS information.

Been in STM a few years and its been a roller coaster ride, but fairly happy with final sale, albeit it seems that the group of companies is just starting to deliver strong results.

Hopefully they will continue to do well in the next year and we will get the 7p/share bonus.

[camerongd53] 13/11/2024 16:45

i HAVE RECEIVED NOTHING to nmy Bestinvest account
Rang T Cooper of their PR people
He thought the money should be paid by now
Suggested to leave it till tomorrow and then contact the Registrars who should be managing the operation.
that was as helpful as he could be - suspect their PR contract may have been terminated

[value hound] 13/11/2024 10:48

Nor from Hargreaves

[taylor20] 13/11/2024 10:31

nothing from ii yet.

[tabhair] 13/11/2024 10:01

Have the DCU's or cash landed in anyone's accounts yet?

[baner] 27/10/2024 10:21

all cred to the CEO Alan Kentish!!! he did an excellent job negotiating the sale of the company, and then to run the business successfully during a VERY lengthy wait for the completion. i believe there will also be some good news re the extra 7p further down the road.

[pdosullivan] 25/10/2024 22:13

Indeed. Well done all!

[boystown] 25/10/2024 20:22

We're home n' hosed. It's been a long wait!

[tabhair] 11/10/2024 09:04

I have a limit order in to buy at 60p. If anyone wants to cash out now then stick a limit order of 60p in and hopefully the order should be crossed.

If beats the filthy spread the market maker is currently offering of 58p.

[baner] 10/10/2024 16:37

In addition there is a high probability we will receive a further 7p one year from the completion date. Excellent news. All cred to the CEO who has managed to keep the staff in good mood generating strong results under these difficult circumstances - that is real and first class leadership !

[value hound] 10/10/2024 15:32

It looks like the 60pps should be in our accounts by mid November then - 16 months after the initial (70p...) indicative offer.

[boystown] 30/9/2024 14:14

tabhair

If attrition is greater than 10%, the DCU is worthless.
If attrition is less than 5%, we get the full 7p.

What's the start date; the date from which the t/o is effected? Also - is this based on client numbers or value? I ask as this morning's results were v strong - which may not bode well for the additional 7p - i.e. if we're starting from a relative high point???