Stm Share Discussion Threads

[eastbourne1982] 14/1/2020 13:39

I see RCTurner2 has gone missing since this has shot up.

Price up circa 25% in last few weeks.

[eastbourne1982] 14/1/2020 13:38

Starting to move nicely.

[smithie6] 14/1/2020 12:05

big buy trade of >500k shares at 27p

but
where were they when it was 23.5p ??!

on holiday ??

[smithie6] 14/1/2020 10:38

nice

another day with the price rising

-----

on low volume

so it looks like its rising since a big seller has finished selling

[horndean eagle] 13/1/2020 07:29

For every seller there is a buyer. Overhang at 24p was cleared. Stock a little tighter to get now.

[sentimentrules] 12/1/2020 17:07

yes a bit more clarity tomorrow. i never mind the sell as long as the money was ramping up in flat share price which it was

So now just a case of being sure, not retail making

[lammylover] 12/1/2020 16:08

500K sell at 24p yesterday morning - perhaps whichever fund has been selling has now finished? Time to move up now, I reckon. Rich

[sentimentrules] 12/1/2020 14:35

Interesting turn in the money here, Hard to decipher if forced buyers or actual fund interest

Monday will be interesting to drill down

[smithie6] 10/1/2020 18:45

well, at 1.5p/day it wouldn't take very long to get to 35p !

[jh420] 10/1/2020 11:15

Is the next stop 35p?

[smithie6] 10/1/2020 10:15

250k sell trade @ 24p yesterday

& up 3% so far today but with no trades reported

maybe ...the MM had a sell order to fill & maybe that is now finished & maybe that MM has no other big sell order to fill
...so maybe he's moved up his to buy & to sell prices ??

who knows what/why

anyway, +3% is a move in the right direction

[smithie6] 09/1/2020 20:44

£127k bed & SIPP'd/ISAd at end of today

someone is a believer

me too,


has the down 'thing' now petered out & starting a grind upwards ?

[smithie6] 01/1/2020 22:25

one rumour I heard was that it was tipped ;-)

[smithie6] 30/12/2019 12:35

up again today

chart is looking better now

[lord gnome] 27/12/2019 16:53

In today but had to break up my order into small quantities to get stock. Couldn't get a Fill or Kill even at full offer - twice. Ended up breaking one of my trading rules by chasing the price. Clearly not much stock available at present. Hopefully the bottom is in. Please ring the bell ?

[smithie6] 27/12/2019 16:15

nice to see a +6% day

:-)

could it "finally" start turning ?

[lammylover] 19/12/2019 17:01

2 large buys after the auction closed = 2 x 175k shares at 23.115p (£81k). Its good that someone else sees some value here, here's hoping its a Director buy!

[jay083] 19/12/2019 10:21

Although the trading update was a bit of a shock given the narrative in the interim's only 11 wks prior, but aside from the indemnity insurance the issues and reasoning given sound like the should only have a short / medium term impact (i.e. delays and slower than expected progress).


mcap @ 23 = £13.7m
cash at end H1 was £18.1m
Forecast underlying PBT H2 19 = £0.9m
Fincap forecasting FY20 PBT of £3.1m

feel like the downside for the business limited from here (maybe not for the share price).

looks like one of the large holders could be reducing / exiting as plenty of buys today at this level.

[rcturner2] 19/12/2019 09:31

Eastbourne, the profit warning stated that PBT for the full year will be £3.8m. In H1 the figure was £3.4m. So they predict PBT in H2 is 400k, I'm sure you will agree a massive drop and a very poor margin. Profits have dropped off a cliff, hence the fall in the share price.

[lammylover] 19/12/2019 08:35

Risk v return, hmmm. Just bought some more at 23.2p. Bargain? Who knows? LOL Rich

[eastbourne1982] 19/12/2019 08:34

Regarding your final paragraph, I'm not sure that is a fair comment.

Their margin is decent enough.

[rcturner2] 19/12/2019 08:23

Eastbourne, sometimes the market prices these things wrongly and sometimes the market is telling you something.

I think there is a significant risk here, mainly around the fact that profit has dropped very sharply. That may be temporary or it may be the start of bigger troubles ahead.

They are employing significant amounts of capital to turn very little profit, which is not a good look.

[smithie6] 19/12/2019 07:58

the cap value is definitely shouting out
"buy the company"
to bigger fish in the sector

strip out listing costs, reduce dirs costs & maybe combine 1 or 2 offices with those of a buyer (to reduce rental costs) & the cash production would increase

the last acquisition that STM made shows that acquisition prices/values take those types of things into account
-----

surely the acquisition value must support the share price around this level

[eastbourne1982] 18/12/2019 17:06

The valuation is bizarre, you would think this was a company on the brink of breaching it's bank covenants or something similar, the reality is the finances are very secure with a net cash balance above the market cap.

Can anyone tell me any different ??

[123gmtrader] 18/12/2019 16:40

I've added today. Seems to good to be true. The company has a negative EV yet it is a profit making company.