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Share Name Share Symbol Market Type Share ISIN Share Description
Stm Group Plc LSE:STM London Ordinary Share IM00B1S9KY98 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -1.89% 26.00 25.00 27.00 26.50 26.00 26.50 46,199 09:55:57
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 22.4 1.2 2.9 8.8 15

Stm Share Discussion Threads

Showing 1076 to 1099 of 1375 messages
Chat Pages: 55  54  53  52  51  50  49  48  47  46  45  44  Older
DateSubjectAuthorDiscuss
30/12/2020
13:27
I'm new to this one and am interested because it looks cheap. Before I dive in could someone help me out with a hopefully easy question please? Why do they have so much cash on their balance sheet? It seems too much to me.
gaiusgracchus
14/12/2020
08:52
from the RNS
"we are confident in a step-change in profit growth for 2021"

"step-change in profit growth".

...just need the patience to wait

smithie6
08/12/2020
13:46
if we take the Finncap number of £4.7 million for ebitda

& then take off ~£200k for interest on the loan of £5.5 million (£150k might be closer since >50% of the loan is unused at the moment, so lower % interest rate)

& say £ 500k for tax

would give adjusted (*1) PAT
= £4.7 - 200k - 500k
= £4 million

*1. excluding depreciation & amortisation since they are not cash charges

£4 million versus a cap. value of £18 million.
& this is also roughly the cash generation excluding one offs such as loans, acquisition payments.

nuts imo. bargain.

-----

step up in cash generation
so phps we will return to the previous level of divi payment. 2p/year. =6.5%.

if the full 4 million of cash generation was paid out then the divi could be ~£4million/60 million shares . 6.7p !!
ok, such a high divi won't happen but the calculation shows the high cash generation per share.

smithie6
08/12/2020
13:38
repeating a previous post of mine


+ £1.65 million of revenue in 2021
(+7% is given in the RNS)

while little change to costs
("whilst operating expenses are only forecasted to increase marginally and thus enhanced EBITDA margins will be delivered")

which would mean, the EBITDA increasing from ~£3.6 to ~£5-5.2 million

which would be a step up !


-----

I understand that the Finncap estimate EBITDA is £4.7 million, a number that fits with my estimate & the news in the RNS.

versus a cap. value of £18 million.
a ratio of 1:~4 !

far far too cheap imo

smithie6
01/12/2020
11:20
if STM hasn't already bought it (I can't remember ) then it looks likely (noting the cash borrowed for acquisitions) that it would buy the remaining parts of Carey that it doesn't own, 25-30% which would increase the reported turnover by ~£1million/year.

(if so the annual turnover would increase to ~£26.4 million)

smithie6
01/12/2020
10:23
so
+ £1.65 million of revenue in 2021
(+7% is given in the RNS)

while little change to costs
("whilst operating expenses are only forecasted to increase marginally and thus enhanced EBITDA margins will be delivered")

which would mean, the EBITDA increasing from ~£3.6 to ~£5-5.2 million

which would be a step up

-----

(between EBITDA & PBT there are some hits (2021 numbers), such as from interest from the new £5.5 million loan & depreciation-amortisation (see the RNS) which is a non-cash cost.....but the underlying business perf. will see a marked jump

compare this EBITDA of ~5 million with the cap. value of £18.5 million. ratio of less than 4 !!. (25%)

in a world where the bank interest rate is close to zero

& hence imo this share is a strong buy

-----

(in 2020-2021 (22?) the perf. payments for the acquisition, will imo not hit the maximum amounts...since the RNS infers I think that little organic growth in turnover from the aquisition
....leaving a bit more money available for other acquisitions)

---
on the -ve side there seems to be little organic growth in revenue but it is being provided (at a slow rate compared with say Tesla) via acquisitions but at a high rate over 5 years, for a finance company doing pensions & stuff. (£17.4 million revenue in 2016 & ~£25.4 million in 2021)

smithie6
30/11/2020
15:47
5.7% spread for last buy & sell trades

for holding the shares for X minutes !

the trading needs automating imo & get the spread reduced

smithie6
30/11/2020
14:35
"EBITDA of £3.6 million" for 2020

& step increase in 2021

£4.2 million

£4.6 ?

£5 ?

versus a cap. value of 18 million !
looks too cheap to me

shame they didn't define what "step increase" means in actual numbers, 20% 30%, 50% ??

(although the word step infers/means notable/sizeable)

-----

& a further step increase in profit expected in 2022 as the increased use of IT reduces costs, & additional savings from integrating aquisitions

& 'cause the spend on IT development will reduce
---

its as exciting as watching paint dry but from an investing viewpoint its good stuff imo

& if you want exciting try sky diving or something & not investing !

smithie6
30/11/2020
14:26
He probably sold out on Friday in the 20's lol
scepticalinvestor
30/11/2020
14:15
Strange out of the blue post chrisdgb. Would you like to explain why?
spooky
30/11/2020
14:13
"Notwithstanding the more prudent approach taken, we are confident in a step-change in profit growth for 2021, ...."

:-)

-----

looks good to me

smithie6
30/11/2020
14:07
Nah it's a solid update - I will be surprised if we are not back to the 40's soon. Once I have more cash available I will be buying.SI
scepticalinvestor
30/11/2020
13:31
Surprised this is not down..........
chrisdgb
30/11/2020
11:10
trades flooding thru !! :-0

----

well, only 1 so far over a period of 3 hours !
& after a +ve RNS

smithie6
30/11/2020
08:01
Please with that
scepticalinvestor
30/11/2020
07:59
..."...STM has a stable business model and a strong balance sheet so these short-term challenges, while unwelcome, require that we adjust our timescale not our ambition."

that's quite good stuff as well

smithie6
30/11/2020
07:30
"Notwithstanding the more prudent approach taken, we are confident in a step-change in profit growth for 2021, ...."

:-)

-------

the rest of the RNS, I struggled a bit to grasp what each piece of info really means for the shares from my viewpoint....phps the RNS is a bit more targetted at the insti shareholders who can understand the significance to the business a bit better than me.

smithie6
28/11/2020
14:23
Eastmount Capital bought 1.7% between 4th & 10th Nov. to hold 4.7%

(about £860 k invested, real confidence/commitment)

& declared holding >3.00% on 4th Nov. for the first time

excellent timing !
they must be happy bunnies after the 7% rise on Friday !

(me too !)

smithie6
27/11/2020
15:08
at last a bit of volume
scepticalinvestor
27/11/2020
12:42
yes fair point.
scepticalinvestor
26/11/2020
23:15
Bear in mind that there was a "Trading Update" last month so unless they've got something of significance to announce why would there be another one?
lundun42
26/11/2020
08:52
Must be an update tomorrow?
scepticalinvestor
26/11/2020
08:35
As predicted by SI above, the dividend has finally arrived
cwa1
24/11/2020
16:59
maybe Thursday?
scepticalinvestor
Chat Pages: 55  54  53  52  51  50  49  48  47  46  45  44  Older
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