Stm Share Discussion Threads

[camerongd53] 10/5/2021 07:25

A point not mentioned is that with all the non-core businesses disposed of,STM is a more attractive company for somebody to take over

[pdosullivan] 10/5/2021 07:16

Does anyone have access to the FinnCap note that was published this morning please?

[smithie6] 10/5/2021 06:40

more cash added to the cos. stack

with this latest sale.

added to the previous sale it adds to the cash backing of the share price

but at some time most of us expect it to be used to buy annual turnover & profit

[smithie6] 23/4/2021 07:47

I see there is a new listing in the sector.

Pensionbee. PBEE

cap. value of ~£365 million.

(if STM were to be an acquisition target then might that co. be a possible acquirer ? ( while noting I have no idea what they do in the pension sector)

[smithie6] 19/4/2021 07:46

I don't know

but if an insurance co. is going to pay for Carey
then the payment from Carey will, I assume, phps be "noted" in the text as a liability after the year end & the payment from the insurance co. to STM as a future receivable.
In the notes, risks or events after the year end and/or in the auditors comments. Since the events are after the financial year end there is no effect on the numbers for the accounts, since they are for the period to the year end.

Significant events between the year end & signing off of the accounts have to be mentioned, they have no choice. ('mentioned in some way', as reqd. by the reqts.)

[camerongd53] 19/4/2021 07:35

Can someone explain
If profits are not going to change and net asset values are not going to change either why is the audit being delayed and why is the announcement being made.
I think they are suggesting a provision may be required which is going to be matched by a matching debtor. An explanation as to why this is material to the view shown in the draft accounts should be communicated as it appears absurdly confusing.

[smithie6] 16/4/2021 11:31

maybe the insurance costs will now come down since that unknown is now removed so there is no need to insure against that unknown going against the company ??

(& will the co. need to check to see if it needs to update its Ts & Cs for existing or new clients ??)

[smithie6] 16/4/2021 11:26

not ideal but I think we all understand that the ruling only came out recently, & the accounts must I think consider any relevant events that occur between the end of the financial year & the signing off of the accounts. They have no choice but to make sure that the auditing process checks to see if it has any impact.

[lundun42] 16/4/2021 11:16

Just noticed the RNS today about 2020 results announcement now delayed until May due to a possible provision being required following the latest Cary/Adams ruling. Mention of a "significant exercise" being carried out to determine if it's something STM needs to provide for. Even though Co says it's covered by insurance and indemnities, further uncertainty surely not ideal from an investor perspective.

[smithie6] 09/4/2021 11:13

news of yet another takeover in the financial services sector

(STM must surely be a currently underpriced possible target)


"Nucleus Financial Group PLC - Edinburgh-based financial services provider - Delays publication of offer document for takeover of Nucleus by James Hay Holdings Ltd to April 13 from April 9. Takeover deadlines will be the same number of days after publication as previously scheduled. Nucleus announced takeover by James Hay in February for 188 pence per share, valuing company at GBP144.6 million."

[smithie6] 08/4/2021 11:32

nice to see the price bouncing back up a bit, & not falling !

[lundun42] 07/4/2021 12:06

Yes, AssetCo has been worth watching since Martin Gilbert (Aberdeen Asset founder)took a stake in them earlier this year along with other associates (Peter McKellar ex Aberdeen). Other big shareholders shown as Harwood Capital (Christopher Mills) so some serious industry experience behind it.

[smithie6] 07/4/2021 11:17

ASTO
look to be a big shell (~£52 million) &
are looking to make acquisitions in the wealth mngmt sector

[smithie6] 06/4/2021 20:42

a few buy trades today & small price rise
hopefully that's a good sign

[smithie6] 06/4/2021 19:59

perhaps the Carey-Adams case increase the case for ppl to use authorised IFAs, with STM then administering the assets (STM administers a few billions !)

& avoiding unauthorised advisers

-----

phps STM will change its application forms to add
"has any unauthorised person/body advised you to transfer your assets to STM ?"

& reject any application that says "yes"

or something along those lines

:-(

[smithie6] 06/4/2021 19:37

sadly I don't have access either. :-(

[welsheagle] 06/4/2021 18:45

Can you provide the gist of Finncap's note, Smithie6

[smithie6] 05/4/2021 13:01

I understand that Finncap have issued a new research note.

[smithie6] 04/4/2021 18:37

copy & paste of an article about Sanne

doing similar financial admin. work to STM but its a much bigger company

trades at a p/e of 20.4.

"The shares currently trade on a price earnings ratio of 20.4 times earnings, below the long run average, but by no means cheap. There is a 2.6 per cent prospective dividend yield on offer, but still the group will have to grow if it's to deliver for investors."

[smithie6] 03/4/2021 09:07

Does the ruling mean that no person can move money from 1 class of investment to another without an IFA first agreeing that it is an ok thing to do, for that person's investment situation ?

ie. that a person can not make the decision for themselves for what to do with their own money !!

[jimtech] 02/4/2021 16:06

The ruling shouldn't affect STM figures. When they bought Carey they had seller indemnities and insurance cover so their exposure is minimal.
See RNS here:

[smithie6] 02/4/2021 15:45

anyone seen any new profit forecast ?