Stm Share Discussion Threads

[smithie6] 19/5/2021 09:25

is the tide phps changing ?

the share price seems to have solidly left behind the 20-30p range

& has risen above the trading range of 29-31p where it traded for many months

[smithie6] 18/5/2021 09:42

my views are similar

although this year was supposed to be a much better year for profit & at the moment that expectation seems to have been damped :-(
although we should hopefully get some up to date info, or at least some vibes, from the directors' presentation on Thursday

I also like the good downside support

[elsa7878] 17/5/2021 20:55

The industry is in a state of flux as they await several court cases (appeals etc) which will provide clarity going forward. Also covid has hit new business not surprisingly.
Decent company and doing their best.
I have a lot of stock and happy to hold.
Downside is minimal due to the huge cash balances.
I'm hoping for 50p plus in 2/3 years.

[smithie6] 17/5/2021 17:34

elsa

you seem to know the co. quite well & you have talked to the MD in the past

you see these as a buy or sell or hold at the moment ?

any target price ?

[smithie6] 17/5/2021 06:17

RNS issued today

web presentation this Thursday 20th May to review results , sale of 2 businesses & prospects.

"Investor Presentation



STM Group Plc (AIM: STM), the cross-border financial services provider, announces that the Chief Executive, Alan Kentish, and the Chief Financial Officer, Therese Neish, will be hosting a remote presentation to review the 2020 results, the sale of the Gibraltar and Jersey businesses, and prospects at 15:00 on Thursday 20 May.



The presentation will be hosted through the digital platform Investor Meet Company. Investors can sign up to Investor Meet Company and add to meet STM Group Plc via the following link

hxxps://www.investormeetcompany.com/stm-group-plc/register-investor" .

cut

[smithie6] 16/5/2021 22:28

good info. interesting.

Interesting that 1 side was keen to sell days before results while the other side was keen to buy days before the results.

[elsa7878] 16/5/2021 21:56

Took place on the 5th - see the trades.

[smithie6] 16/5/2021 21:49

you think that PG bought those shares as a block on the day of the results ?

[elsa7878] 16/5/2021 21:27

Kestrel said on May 4th they had 1,602.011 shares which was below the notifiable interest level.

Peter G said on May 12th he had 1.832.011

Guess where he got most of his holding from........come on I'll give you 3 guesses...

[smithie6] 14/5/2021 08:58

I can't recall who own most of the co.

Miton used to be the biggest holder a few years ago, but perhaps not now.
Dirs & ex dirs & related parties hold a fair %.

If an offer came in at say +50% then who knows who would vote yes & who would vote no.

But if the co. can, this year, get the new IT systems to provide the hoped for cost savings & hence to make it more profitable to acquire small operators operating at breakeven perhaps we will see the underlying profit increase & for the share price to follow suit; & for a rosier medium term future. If so, there would be more no votes to any takeover offer.

[lundun42] 14/5/2021 08:33

So unless any of the >3% holders are prepared to sell, there's not much prospect of a t/o bid emerging anytime soon to give the share price a much needed boost.

[smithie6] 13/5/2021 16:56

River & Mercantil sold some shares leading up to Oct '20 RNS.
0.6% of the co. sold by them up to that RNS & phps ~1% (0.99%) subsequently sold without needing any new RNS

If PG mopped up these different stakes & some in the mkt he was able to get ~3%.

(getting 1-3% is normally always possible in any small cap. as long as you do it slowly without pushing up the price, which often just attracts buyers !))

[smithie6] 13/5/2021 16:50

Kestrel recently transferred out ~1% of the co.

not clear to me if sold or transferred these shares into clients' direct accounts

[smithie6] 13/5/2021 14:43

"Most often PGAB aim to establish a position as the largest shareholder in the companies in which we invest"

clearly not the case for his stake in STM

unless he keeps buying, & for quite some time; & finds holders of >3% willing to sell their stake to him, which I doubt

======

I'm 100% convinced that he built most of his stake in the last 12 months.
If you recall there have been days with almost no trades but with some big trades of >50,000 shares; indicating imo movement of shares from 1 big holder to someone else, phps PG.

[lundun42] 13/5/2021 13:03

CWA1, I agree. I wonder if PG was already a shareholder below the notifiable threshold and has just crossed it or whether that 3.08% holding was picked up all in one go? If the latter I would imagine that there would have to be an update about a disposal from another large holder.

From the PG AB website:
PGAB mostly invest in “small-capR21;-companies, predominantly in Sweden and the UK. Most often PGAB aim to establish a position as the largest shareholder in the companies in which we invest, our investment profile is typically that of a “proactive investor”.

So it will be interesting to see if anything more develops!

[cwa1] 12/5/2021 16:14

Now that IS interesting to see PG appearing on the register :-)

[elsa7878] 12/5/2021 14:16

Whatever - he set the business up in Gib and lives there or did until recently (if he has moved). Not spoken for 18 months.

Of more interest is the new shareholder on the register.

[smithie6] 11/5/2021 12:47

Dear Elsa
they have just reported annual prelim results.

this is a message board on a website for shares.
posting opinions (2 posts ) about the annual prelim results is actually quite normal

so, get lost !!

:-)

======

& if the MD is at the Gib. office as you confidently say
what is he doing being based there ?
I thought there wasn't much turnover left in Gib. that would need a director to be there. & the FD post for example is stated as UK based, so I assume the MD is there as well. In sunny Milton Keynes. :-)

[elsa7878] 11/5/2021 09:25

Stop jabbering to yourself. Call Alan in the Gibraltar office. Good guy and happy to talk.

[smithie6] 11/5/2021 08:02

staff numbers down phps 5%
but the cost for staff is up !

uh ! :-(

[smithie6] 11/5/2021 07:11

results looked ok to me

& % yield is pleasant enough

while sure, the performance over the last 3 years is not what we were hoping for.

move to the use of more IT, more efficiency, reduction of costs, looks like expected savings are being pushed back a bit ??
some in use, some yet to happen

Anyone have any views on the results ?

I'm happy enough to keep holding.

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Congrats to the co. & the FD for the full explanations/info & providing such detailed/useful comparison financial data in tables. ( OK they have been pushed into having to do it since the reported financial data shows a % fall).

[smithie6] 10/5/2021 13:00

poor market maker can't make up his/her mind where to put the bid/offer prices ! je je

(official price to buy is 33p
despite there not having been 1 trade at over 32.0p ; strange, phps the MM just hoping to get some buyers & to make a bigger %)

[smithie6] 10/5/2021 08:22

cash input from the sale at the end of March & this new sale

~ 2 million + 1.4 million
= ~ £3.4 million
(but ideally the £ 2 million value should be checked for cash held etc)

about 5.6p/share, with share price of ~31p.

a notable % of the cap. value of STM & a much bigger % increase in cash surplus to that for regulatory reqts.
..so there is a lot more cash available for acquisitions or will be once all cash & stage payments are received.

[smithie6] 10/5/2021 07:37

good point

& with the extra cash from this sale & the previous one the cash per share is a higher % of the cap. value so it must make it a more appealing acquisition

but hopefully we will see an acquisition(s) which produces profit & we can base any calcs. for the share price on profit rather than nett cash.

an acquisition is g'teed imo, since the previous sale made a notable reduction in profit & the execs. will surely want to replace that

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the execs have been busy. good stuff. :-)

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(although not all 100% disposed of imo

I think there is at least the Spanish office left

with tiny turnover & my guess is that it is non-core)