Stm Share Discussion Threads

[smithie6] 12/6/2020 14:08

cash reqd. to be held

how much of the total comes from the different things

- staff costs (is it for 3 months ?, to be to provide continuity of service to clients)
- insurance businesses (btw, for what reason ??)
- anything else ?

overal total = ?

[lundun42] 08/6/2020 13:09

Interesting to read the solvency reports for the STM insurance businesses that have finally been published on their websites. They are reporting that the solvency capital requirement has increased by nearly £4m over the previous year, now totals £12.4m. So when/if they manage to merge the insurance subsidiaries it doesn't look like they'll be freeing up much in the way of capital unfortunately?

[smithie6] 19/5/2020 09:28

oooh

another good up day, even after yesterday's +15%

nice.

-----

but still cheap imo

I'm hoping that we will see an acquisition this year, recalling that the co. said it was looking at some
& the last one should be fairly well integrated soon

[sphere25] 18/5/2020 16:19

No stock on the offer at 31p. The buys are being negotiated at enormous premiums to the offer (20k @32p 30k @35p).

The boring stock is daring to not be so boring.

[smithie6] 18/5/2020 16:15

update

someone bt

30,000 at

..wait for it...

35p


!!!!!!!! :-0

smtm !!

:-)

====

buy price up from 27.5p to 35p in 24-48 hours.
that's +34% according to my calculator ! :-)))

[smithie6] 18/5/2020 16:12

20k bt at 32p

by someone

(just 24-48hrs you could buy at 27.5p, so, a sizeable jump in price)

40p here come, imo

=====

if only everyday was like this, boring would be great !

[smithie6] 18/5/2020 15:48

it's not all good news though

the rise in share price means that the divi yield has now fallen

to 5.08% according to this website

je je. ;-)

[sphere25] 18/5/2020 14:40

Might have to take those boring comments back with the stock up 10%.

Can it break 30p though?

Surely its boring nature means it needs a good boring month or two to get through there ;-)

[kemche] 18/5/2020 12:44

One impediment out of the way.

[value hound] 18/5/2020 12:29

That's a relief.

[smithie6] 15/5/2020 13:49

cheap as chips :-)

(& imo, downside protection is excellenté)

[lundun42] 14/5/2020 16:20

Report and Accounts and AGM notice now on their website. Always worth reading the detail in the notes to the Accounts for little nuggets as they don't publish the full notes with the results announcement.

[brucie5] 14/5/2020 15:29

Robust little share, apparently unimpressed with today's shenanigans on the markets.

[brucie5] 13/5/2020 11:35

Took a nibble for an income folio. Just looks overlooked. There are still some stocks out there quietly paying out dividends...
------
Dividend
In light of the exceptional and continuing global impact of COVID-19, the Board considers it appropriate to take a prudent approach to cash management. Accordingly, and in order to provide the Board with maximum flexibility, instead of proposing a Final Dividend at the forthcoming AGM the Directors have declared a second interim cash dividend to shareholders of 0.75p per share. This together with the first interim dividend of 0.75p (2018: 0.70p) brings the total dividend proposed in respect of the year to 1.50p per share (2018: 2.00p).
The Board has decided that it would be prudent to maintain higher cash balances at this time, whilst recognising that the high proportion of recurring revenues gives the Board confidence in the resilience of the business
The second interim dividend will be paid on 26 June 2020 to shareholders on the register at the close of business on 5 June 2020. The ordinary shares will be marked ex-dividend on 4 June 2020.

[sphere25] 07/5/2020 18:16

Looks like it might be too boring for Covid-19 stock chasers. Edging higher and a nice 107k buy just before the close at 28p.

[kemche] 07/5/2020 13:46

Bought my first nibble - looks interesting.

[sphere25] 06/5/2020 10:47

Buying here this morning - hard to buy though. There has been significant interest here since the results so a possible sign that a re-rating could be on its way shortly.

[lundun42] 05/5/2020 11:22

The was a lot of volume/trades on the day they annnounced last week, then little since. It could be that connected persons (staff etc not requiring notification) were trading on their first opportunity after a results close period. It could be the company (trustee) itself with the executive share scheme as although they say this expired in April 2019 the results show the company still holding nearly 1.1 million "treasury" shares at the year end for the share scheme. Perhaps they were sold at the first opportunity as from what can be seen from past AGMs etc it doesn't look like the Co has any live scheme with the approval to buy shares for executives so maybe they've sold all these shares now as no reason to hold them anymore?

[lord gnome] 05/5/2020 08:41

All it takes is one (forced, perhaps) seller in a nervous market.

[elsa7878] 04/5/2020 14:23

Can buy at 25.3 - below the mid so clearly a big seller around.

I have a lot and not bothered but interested that after results it seems to fall out of favour very quickly.

[cheshire man] 02/5/2020 14:09

Article in full for those not subscribed

Investorschampon



STM: shares soar on reassuring results


STM Group (LON: STM), the financial services group which is endeavouring to diversify away from its offshore roots, announced encouraging results for the 12 months ended 31 December 2019.

A November 2019 trading update saw the share price tumble and the latest announcement reassured that all was not as bad as the market seemed to imply.

While revenue rose 9% to £23.2m, pre-tax of £3.9m was marginally below the prior year’s £4.0m. The net cash inflow from operating activities of £3.1m lifted year end net cash £17.2m, although a significant proportion of this balance forms part of the regulatory and solvency requirements.

The growth in revenue was due to the acquisition of Carey, which completed in February 2019 and brought new SIPP and workplace pension business. The UK SIPP market is well supported by some excellent businesses and STM may struggle to grow the Carey business in the face of stiff competition, rising professional indemnity costs and legacy issues with the Carey business which included a loss-making auto-enrolment business.

STM has attractive defensive attributes with annual recurring revenue of 77% underpinning forecasts. The current rating and valuation (££16.5m) looks very modest for a business which is highly cash generative and was previously forecast to deliver 6.5p of earnings per share in 2021, equating to a forecast multiple of only 4.3x at the current share price of 28p. While earnings are clearly subject to revision that looks very reasonable. The UK businesses acquired, while far less profitable, should also help dispel the air of distrust which appears to hang over its offshore operations.

[elsa7878] 30/4/2020 15:50

Can buy large chunks at under the mid price....

[cheshire man] 28/4/2020 13:27

This is money


STM Group PLC STM finnCap Corporate 27.50 22.50 53.00 - Reiterates

[lundun42] 28/4/2020 12:31

Volume is up significantly on recent levels. A couple of large trades this morning, 100k and 240k shares.