Stm Share Discussion Threads

[smithie6] 27/3/2018 13:42

not 1 post !!

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well done STM & especially the MD

great results & progress despite many obstacles.

well done.

[kingbarolo] 21/2/2018 18:26

So completion confirmed, adding another 0.4m to profits from next year! Great to be invested in this company: significant EPS growth year on year; underpinned by 70% recurring business; nice dividend (should increase this year!); low beta value; strong management team - what's not to like? Will be invested here for the forseeable!

[smithie6] 16/2/2018 13:00

so

the aquisition has been authorised

so .. 99% been completed

good news for future EPS

[kingbarolo] 08/2/2018 18:17

In full agreement, Smithie. A terrific performance by management this last year, stabilising the company whilst ensuring significant growth at the same time. I look forward to writing to the company after results next month to congratulate them on a great effort.

[smithie6] 05/2/2018 12:00

..well I think Alan Kentish had a lot of challenges to overcome in 2017 including the impact of rule changes on overseas pensions for some & the legal case

and has overcome them, increased the PBT by big amount & done an aquisition that is expected to boost profit & started moving the HQ from Gib. to UK. & Im sure some other things as well (more automated initial sign on for clients)

Wow, a busy year.
Full applause from me.

[kingbarolo] 27/1/2018 16:21

Simon Thompson, Investors Chronicle releasing a post covering STM on Monday at 12 noon.

[smithie6] 24/1/2018 22:46

....sounds good

[kingbarolo] 24/1/2018 16:06

Yes, interesting how price has increased despite continuous selling but I've seen this happen with this stock before. Quite possibly an order being filled. Prospects looking very good following update - should get some press attention in next few days and with full results in March the rally should continue from here.

[smithie6] 24/1/2018 15:16

18 sells in a row since 10:23
with (says advfn) not 1 reported buy

interesting

[smithie6] 24/1/2018 12:56

a line of lots of sells today at 49p...with no mixed in buys...

while the share price is up today

hopefully indicates there is a big buy order being filled; time will tell...
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RNS today gives nice increase in PBT

nice cash producing business with big amount of recurring income

Any views on the move of HQ to the UK ?
.surprises me
clearly they have decided not to move it to Malta to have the HQ stay within the EU, but Malta business stays within Europe so they can still easily handle any business inside EC without being outside EC like UK soon will be.

I guess a foot in both camps gives the max. flexibilty

[smithie6] 17/1/2018 12:06

phew

that news is a relief, the share price had gone down a lot in recent weeks

[smithie6] 11/12/2017 16:36

(to whoever just bed and sipp/isa'd 15000 shares

imho you got screwed on the spread

~£500 cost via the spread

whereas you should expect to pay the MM just £50-100 for a bed and sipp deal.

(noting it is just a paper exercise...the MM has g'tee from your broker that there is no nett trade..it is a sell followed by a buy back of same shares....so the MM has 0 risk...so it is cheap)

(imo you should complain..& ask trades to be re-booked at smaller margin)

[smithie6] 11/12/2017 10:37

price bounce back continues

sizeable buy reported around 45p

on 6 month chart it is a sharp bounce back....although it didnt feel like it on an hourly basis !

[smithie6] 07/12/2017 20:25

LSE:XAF

Pensions & similar stuff

cap. value 230M !!

STM would be a useful add-on for them or many companies. SAGA is another. But I hope STM stays indep. & keeps on growing as it has been.

[smithie6] 07/12/2017 10:53

nice to see STM rising in last 3 days

but surprised to see it move so much with such tiny value of trades....if LSE website trades are correct.

.or maybe there are more trades via what was ISDX exchange ?

(on LSE a post thinks regulator might be wrong & trying to save face..(recalling that STM compliance officer submitted the relevant papers as required, 2 years before & regulator took no action..time will tell)

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update

a few more trades booked in incl. 1 sizeable one.

[smithie6] 04/12/2017 09:55

Aarron Banks
you probably know he's a 'big fish'....which infers he's fairly successful investor and/or business pers. & hence astute

also a stakeholder in other financial cos.
( had a % here, cant recall if still has or what %)

(Brexit
Im expecting STM to probably move registered HQ address to Malta..but not moving any staff....to avoid any Brexit concerns about Gib. but maybe they wait a while to see whether it is needed or not)

[smithie6] 04/12/2017 09:50

last point that STM could be prey for another co.

I was thinking the same possibility but I assume that the dirs (largish % of co.) would fight tooth and nails against that....
and Miton would be an important hldr...I think they have 20-30%..but 20-30% is not 100%...

if STM was bought by Miton or AN OTHER (is it De Vere that STM has worked with in the past, another financial co.. & A.J.Bell ltd would be a logical buyer imo ( could then offer all of STM products to their massive SIPP client list, I think they are phps biggest UK SIPP co.)
...any buyer would have to pay a premium :-)

but Id prefer that STM keeps growing as it has been, as listed co., an on-going annual growth compounding over 10-20yrs is miles better than just a one-off gain imo

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co. RNS says that STM reported that client info to regulators who did nothing..till now..
so seems surprising that going to court but I guess regulator thinks STM should have done more...

maybe things like Panama papers & Paradise papers have put a EU spotlight on 'tax havens' & maybe this regulator action is partly promo to EU ??...& phps linked to Brexit negiotations as you posted...

(how much should a fin. co. investigate how a client generated their money, I dont know. STM is big co. in QROPS etc & been around for years....Im sure they are careful to generally comply with the rules...although every co. will limit their detective work since it costs time/money & limited staff....& annual profit per client doesnt fund endless client investigation....

(KYC. most fin. cos. accept the client's story as long as seems reasonable..& some proof provided...('Im rich due to big salary or selling this co. or this asset...as shown on these official papers..'....the finance co. is imo not expected to talk to the buyer to check the papers are true or write to a Property Registry office for confirmation)

[camerongd53] 03/12/2017 21:31

I looked at the article
The only thing I learnt from it was that STM and Alan Kentish had a relationship with Aaron Banks who contributed significantly to the Brexit side in the EU referendum last year.
Nothing new for me apart from that - mainly regurgitated what has been disclosed in the RNS re Gibraltar.

Would not be surprised if this is part of the dirty politics going on between EU/Remain and Brexit.

There is still a lot of uncertainty for shareholders - if it were not the price may be north of 70pence. The business may be profitable but growth is unlikely to resume until all the regulatory issues have been resolved.

STM strategy is to consolidate with other companies. It is now possible that instead of being prey, STM could be a victim

[smithie6] 03/12/2017 14:54

is it positive or negative for STM shareholders & the share price ??!

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3 visits to 35p over last 18-24 months....then rose to 55p area..
Im hoping 35p will again turn out to be a low

[philw2009] 30/11/2017 22:13

Article re. Alan Kentish on the first page of Private Eye this week (1st-14th Dec edition).

[smithie6] 16/11/2017 14:52

sp responded nicely to news that inserting inspectors has been suspended until at least the appeal is heard on 20th Jan

& mentions collaboration

in reality Im sure the Gib. financial ctrl syst will advise what they want STM subsidiary to alter or add to existing procedures

& the subsidiary co. will do it..
& everyone happy & fin. regltr will then largely ignore STM hopefully

& business as usual, that's my hope/guess anyway

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50p here we come

[briangeeee] 15/11/2017 22:51

AOW, agree. InvestorsChampion normally aren't daft, but they seem to have got a bit confused on that one, and should probably have spoken to the company for clarification.

[actofwill] 15/11/2017 22:31

re: www.investorschampion.com

Their accounting read on QROPS is wrong - its not "quite generous" - in fact there is a 50% deferral of revenues - FOR THAT YEAR. That's actually conservative and a quirk of IFRS accounting.

Their read on the life business is plain stupid and shows lack of thoroughness. The Life business is a wash. STM makes an AUM fee of a 1% or so. The technical account shows clearly that that flows net out (except for a small surplus).

These are no secrets. You can call IR, speak to a broker analyst and figure this out.

==> amateurs

[yupawiese2010] 15/11/2017 21:57

Smithie6.

Here are the expense ratio numbers as quoted.



I have always held the opinion that this stock is uninvestable.

[smithie6] 15/11/2017 10:45

anyone understand the RNS of 13th Nov "Director declaration"

it says that A.K. released without charge but then mentions an appeal, as if there are charges vs A.K. & that judicial process continues but without being remanded in prison. Or is judicial process just against STM subsidiary that allegedly didnt do enough checks on source of 1 client's money while STM says it provided the correct forms to Gib system which then did nothing & had 2 wk limit to respond.

(surely if the police or a tax office decides that a client's money is illegal or partly illegal or missing a tax payment
then surely the police & tax office have the ability to freeze any disputed money while the state then does a judicial process for it to be transferred to them or AN Other, with STM surely being just a co-operating bystander
any views ?
??