Stm Share Discussion Threads

[scepticalinvestor] 20/11/2020 13:34

Results next week?Taken a small punt at 30p today

[smithie6] 10/11/2020 18:58

same again tomorrow ??

worth much higher price imo but needs real share buyers if the price is going to get there
...+2.5p in 1 day, not too shabby ...

[smithie6] 10/11/2020 14:25

ooh

+2p

nice. :-)

------

update
2.5p

[smithie6] 06/11/2020 09:55

the share price needs an RNS to give some news that shows that the tide has turned, rather than any more bad news...

pays ya money takes ya chance

personally I think its way underpriced for the big book of clients & turnover that it has, & the cash held & possibility of reduction in the size of the cash needing to be held for regulatory reasons (if a chunk of cash was freed up then a chunk of the bank loan could be paid off)

it is slow & that phps deters some PI buyers

[timbo] 06/11/2020 09:37

I knew you were going to say that...

[spooky] 06/11/2020 09:32

I have psychic powers.

[ajkeats] 06/11/2020 09:29

Miton*!! Autocorrect

[ajkeats] 06/11/2020 09:29

How do we know it's moron selling? I can't find a filing?

[spooky] 05/11/2020 15:43

Looks like continued selling from Miton. They probably have 6m left to go IMO, but at 1m a pop that may not take that long.

[sphere25] 05/11/2020 15:35

Always looks cheap this one. All it does is rally then come out with a little profit warning, then rally, then warn again.

I don't know if it's rally time soon again but clearly some big buying today. Nobody is chancing it and following those buys in though :-D

[smithie6] 04/11/2020 08:33

someone declares that they have gone up thru the 3% reporting amount

a +ve indicator

[smithie6] 28/10/2020 20:28

other sector cos. that might like to buy STM, at a notably higher price imo

- XPS pensions (cap. value of ~£250 million)
- Phoenix Group (in hindsight this co. is phps far too big to be interested in STM since its cap. value is £6,600 million ! so STM is almost a speck of dust for it)

others ??

(at Phoenix a director has been buying, £120k worth, so he seems happy about the future for the sector.


"Phoenix Group Holdings PLC - life and pensions consolidator - Chief Executive Officer Andy Briggs buys 17,688 shares at GBP6.74958, GBP119,387 in total. Stake following purchase not stated. Current stock price: 661.20 pence Year-to-date change: down 12%")

[smithie6] 27/10/2020 18:59

no, imo it was a bed & Pension type trade

matched bargain, since there are 2 trades of 1 million shares

moving the shares from 1 pocket/fund at 1 investor/holder to another pocket/fund at the same holder

----

there was another trade of a sizeable chunk, phps 100k shares
that was a buy, based on the price paid

share price has been weak in the last 5-7 trading days, need something +ve or a dir. or ii to start buying

[jay083] 27/10/2020 11:59

looks like someone took 1m shares @ 27p yesterday

[smithie6] 19/10/2020 09:19

from 40p to 27p for that trading statement

to go back to 40p would be a rise of 50%

this fall is over done imo

cheap as chips at only 27-28p to buy

[smithie6] 15/10/2020 11:40

However, if EU trade negotiations do not result in a favourable outcome in this respect STM Life has other options for this client portfolio."

uh, Malta.

(Someone already posted that option. ;-) )

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looks likely (g'teed imo) that a chunk of reserved regulatory capital is going to be freed up in coming months :-)
..whatever happens with the EU

if it is enough then maybe the bank loan taken out can be paid off, or a bigger aquisition made

[lundun42] 15/10/2020 09:17

Thank you Smithie6.:)
My comment below about an update to Brexit risks was simply based on the statement in the Annual Report earlier this year where STM said the following but I couldn't see any mention about new business - "The Group currently has two Gibraltar based life assurance companies, with the original intention of relocating one of these to Malta. Given the length of time that has passed, and with no successful outcome in sight, it has been agreed that a more efficient use of capital can be attained by initiating a portfolio transfer of policies from one life company to the other. This will ultimately allow a release of capital once that company no longer carries on insurance business and surrenders its license. Currently there is agreement from the European regulators that Gibraltar insurance companies are able to continue to service existing EU policies. Discussions are taking place to allow this to continue post 31 December 2020. However, if EU trade negotiations do not result in a favourable outcome in this respect STM Life has other options for this client portfolio."

[smithie6] 15/10/2020 07:14

"came from EU countries so even if existing customers can still be kept on there is a risk that if no new business is allowed under a no deal (or even a deal come to that)"

my post 993
I understand that Malta is in the EU
so whatever happens with Brexit & any possible problems with licences/papers for financial services from the UK I dont see any problem for STM (since they have subsidiaries in the EU that can, I assume, front/route any contracts thru them

& STM has a small presence in Spain

(apparently the BOD know that Brexit is coming. ;-) )

[lundun42] 14/10/2020 13:17

But if you look at the 2019 new premium numbers published on the website for the STM insurance company over 66% of that new business (at least £37m of £55m) came from EU countries so even if existing customers can still be kept on there is a risk that if no new business is allowed under a no deal (or even a deal come to that) surely that's a massive impact?

Having said that, disappointment for some is an opportunity for others so at sub 30p time to get back into some STM shares methinks! :)

[smithie6] 14/10/2020 10:42

I don't see a problem

surely, if actually needed, any new EU trade can be routed via an STM subsidiary in the EU such as the existing ones in Malta

existing contracts should be unaffected imo

[lundun42] 14/10/2020 10:29

Oh dear, another disappointment. Let's hope they start under promising and over delivering as it would be nice to surprise investors in a positive way. No mention so far on latest re no deal Brexit risks which could still impact many Fin Serv firms with EU business of course.

[smithie6] 14/10/2020 09:09

uf, dissappointing to see such a price fall & after the share price perf. was doing nicely over recent weeks/months

at least it has a lot of recurring turnover to support many costs while it navigates this

[jay083] 14/10/2020 08:32

obviously a disappointing update. on balance I think this is a good entry point for those prepared to wait. Looks like a circ. £0.5m hit to 2020 profit - so previous finncap forecast was £2.5m now say £2m so on a pe of ~9. mcap back at cash level, 0.55p divi to come for those holding on 23.10. With most of the revenue recurring I think the downside from here is limited (notwithstanding the risk of loosing the appeal case)... the upside we'll have to wait and see....

[smithie6] 15/9/2020 10:22

but "today" its only up 1/2p
:-(


;-)

[cheshire man] 14/9/2020 10:04

Share price up on a run of buys this morning I see :-)