Stm Share Discussion Threads

[arthur_lame_stocks] 26/1/2023 18:57

What's wrong with him? I'm wondering if they are planning on putting the company up for sale.

[baner] 26/1/2023 10:23

not an impressive appointment announced today.......

[russman] 21/1/2023 06:46

CEO sounds like he has given up on growth.

[smithie6] 18/1/2023 13:39

22.5p nice.

...(I might have been there as well, or even better, cant recall now....during the mkt Covid crash)

[value hound] 18/1/2023 13:32

I know what you mean Smithie6, but personally, I was relieved it's as good as it is given the share price performance - though I did manage to average down at 22.5p, thankfully.

[smithie6] 18/1/2023 12:47

poor RNS imo

"slowing"..."shortfall"

..new chairman appears to be calling for a change in strategy...

(since this one just ain't delivering !)

[smithie6] 09/12/2022 15:49

lse:load (Crestchic Plc) has just received a take over offer

Do we think that STM could receive a takeover offer ?!
....is the high cash per share & international presence & wide skill base & financial operation licenses of STM of use/interest to a buyer ?

[smithie6] 15/11/2022 22:54

so, tomorrow.

0.6p, yes ?

total of 1.5p divi in 2022 (0.9p final + 0.6p).
~5% annual divi yield +/-

[arthur_lame_stocks] 08/11/2022 12:37

I think we should get the dividend next Wednesday. A bit of income's always handy when capital gains are hard to come by.

[smithie6] 04/11/2022 12:58

published current mkt price appears to be wrong

'cause I did a test sale & got offerred 29p.
so, the real mkt price is phps 29-30p & not 28-29p.

& phps infers there is someone trying to buy some shares. PG ?

[arthur_lame_stocks] 30/10/2022 08:39

I wonder if the recent tick up in the share price is because PG has started buying again. He seems to have been a bit more active recently in general.

[baner] 30/10/2022 08:27

Russman - what you say is there is good potential here but change in leadership required to capture this ? Time for major shareholders to take action then !

[russman] 28/10/2022 03:01

STM is cheap but for good reasons.
No growth
Management "in fighting"
Poor strategy execution to date.

[baner] 27/10/2022 16:30

something cooking here - time for an MBO or a break up?

[smithie6] 21/10/2022 19:03

Baner
Can you put a nice gloss on the interim results ?

I thought that in 2022 we were supposed to see increased profits (& turnover) due to automating various processes in 2021 including new automated client on-boarding for some products.
The cost of this software development & implimentation has reduced profits but that was I thought finished in 2021, giving an extra lift to profits.

but

the recent interim results show a reduction in profit & turnover!!

For some of us who have been holding & waiting for a few years it seems like a donkey & a carrot. The shareholders being the donkey. The carrot being the promised uplift in profits; but which never happens !!

The payback from introducing better software to reduce the labour costs. Never happens imo. Appears as a promise in every annual report.

Completion of software projects to reduce the labour costs. Never happens imo. Appears as a promise in every annual report.

Those facts do not look very good.
Can you put a positive spin on it ??

----
The bank debt at the time of the completion of the acquisition was ~£5.5 million, based on the info in the interims, which includes the completion of the acquisition after the interims.

[smithie6] 21/10/2022 13:50

hmmm

I don't understand your post.
My post is quite clear I think.

----
The new bank loan drawn down for the acquisition will need to be paid back over X years before any higher divi can be paid imo & the gap wrt regulatory capital increased imo.

The bank is now ~£5.5 million.

Don't you agree that the headroom for regulatory cash is currently very tight ?

There will also be cash outflow this year for
- exec. director pay off
- prof. costs for the acquisition
- integration costs
etc

ie. we have to wait longer imo
& we have been waiting for a few years already

hopefully the profit numbers & regulatory cash headroom will improve but any increase in divi would only be ~2-3 years later imo, after building up the headroom on regulatory cash & paying down some/most of the new bank debt.

& the surplus cash production in recent years after paying the current divi is not that exciting,

it will all take some time imo before there is any chance of a 2-3p annual divi.

[baner] 21/10/2022 13:03

u will be positively surprised Smithie. or maybe disappointed.

[smithie6] 21/10/2022 11:10

2-3p divi

dream on imo

cash held vs reqd regulatory cash is tight, very tight, imo, & that 'tightness' needs to be removed imo, by adding some nett cash

[smithie6] 21/10/2022 10:07

can you explain your 50p valuation ?

...since I don't see that pro rata from the acquisition.

[baner] 21/10/2022 09:30

Based on their most recent own acquisition, this company is worth well north of 50p - with a very sound balance sheet and strong cash flow, the risk/reward is attractive. They could easily afford to pay 2-3p of dividend.

[smithie6] 21/10/2022 08:02

500 !

Well, it is usually illiquid. If want say £10k of shares then one often needs a seller in order to get that amount. But in any case the price is in a slow uptrend & many holders don't want to sell, in part since the cash per share is high, so smallish buy volumes can move the price up.

[clocktower] 21/10/2022 07:59

Cannot even buy 2000 online now.