Stm Share Discussion Threads

[jombaston] 08/3/2017 19:07

I can see why STM might need to wait at least overnight before making an announcement.
Although existing QROPs will remain and may even be more sticky, giving continued recurring revenues, there will be some impact on new business.
There is quite a lot to read through and detailed rules to take on board.
Is it a minority of STM's potential new clients that are affected?
Would be nice to confirm.

[tsmith2] 08/3/2017 16:30

Think we will see news first thing. GLA

[ir35] 08/3/2017 16:28

There is more info here

[pka3] 08/3/2017 15:58

Great buying opp - lots of buyers at 40p

[qs99] 08/3/2017 15:54

IR35 thanks for the update, yes STM need to clarify this as best they can....maybe a few scared PIs have put the selling pressure on STM today, let's see how things unfold, but seems an over reaction IMO...let's see.

[tsmith2] 08/3/2017 15:43

imo. Company should clarify asap though. Think will represent a good trading opp..

[tsmith2] 08/3/2017 15:40

Over reaction...

[ir35] 08/3/2017 15:31

This is what it says in the budget document:

"3.46 Qualifying recognised overseas pension schemes (QROPS): introduction of
transfer charge – The government will introduce a 25% charge on transfers to QROPS. This charge is targeted at those seeking to reduce the tax payable by moving their pension wealth to another jurisdiction. Exceptions will apply to the charge allowing transfers to be made tax-free where people have a genuine need to transfer their pension, including when the individual and
the pension are both located within the European Economic Area. (23)"

It looks like it is to clampdown on people remaining resident in the UK but transferring their pensions offshore. STM's website and all I have seen indicate that their QROPS are aimed at people that move out of the UK so I can't see any reason why they wouldn't be classed as "needing to transfer their pensions".

Hardly clear though.

[qs99] 08/3/2017 15:23

Yup be interesting to see STMS takr on this... and how material to business.... ho hum!

[mrx001] 08/3/2017 15:02

Overseas pension transfers

From midnight tonight a new 25pc tax charge will be applied to transfers of pensions to overseas schemes when the saver is not living in that country.

There are between 10,000 and 20,000 transfers to foreign schemes a year, the Government estimated. However, the schemes have been mired in claims that they help facilitate pension scams.

The charge will not apply if the individual and scheme are within the European Economic Area or if the overseas scheme is provided by the individual's employer. Only a "minority" of transfers will be affected, the Government said.

[rivaldo] 08/3/2017 14:37

The Budget has introduced a 25% tax on QROPS - but supposedly only a minority of transfers will be affected. I took caution as the better part of valour (or whatever the saying is) and sold quite a few at a good profit. Still got some though. STM really need to get a statement out quickly about this:



EDIT - got rid of the last few above 42p.

[qs99] 08/3/2017 10:14

Tree shake ahead of results? Bouncing nicely already imo

[qs99] 07/3/2017 11:28

healthy volumes today IMO

[qs99] 06/3/2017 12:12

well ST is nothing but consistent IMO Riv, and so far he is continuing to make me money, so I am in the "fan" box! If there is a material update from a company he follows, then IMO he usually posts an update....if positive then his followers (and others) often follow his lead....DYOR and all that...

Am also in TAP, MIDW and DTG ahead of results if you were vaguely interested! DYOR etc

cheers and have a good one

[rivaldo] 06/3/2017 11:45

Looks like good timing QS99. I'd forgotten about ST's keenness - hope you're right, in which case next week could see 60p again.

[qs99] 03/3/2017 15:45

oh and bought some more ahead of next week....as you say Riv, if they are good, then the likes of Simon T in the IC will no doubt tip them/write up about them again...

good weekends all

[qs99] 03/3/2017 15:04

let's hope they chivvy along the divi payments, unlike some companies that take forever between declaring and paying!

[rivaldo] 01/3/2017 12:25

Results are in 2 weeks on 14th March. We already know from the trading update that they'll be good, as will the outlook.

Forecasts are still for 3.8p historic EPS, with 5.9p EPS for this year. Plus 1.3p and 2p dividends respectively.

[smithie6] 01/2/2017 15:19

strange old world

today a sale at 50p....and a few days ago a big buy at 60p....
10p difference wrt 50p is 20%

[rivaldo] 30/1/2017 13:55

....and a 53,000 share buy at 57p just reported.

[rivaldo] 30/1/2017 12:05

New recent highs now.

[rivaldo] 27/1/2017 14:30

All nine trades today are Buys.

A little bit of press or tip attention would likely see STM quickly back to 65p-70p imo.

[smithie6] 26/1/2017 09:47

-4p !!

Arghhhh

Whoever did the trade at 60p wont be happy that its below 50p to sell now !

..but I suppose some pullback is to be expected after rocketting up from 40p