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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 1176 to 1199 of 1375 messages
Chat Pages: 55  54  53  52  51  50  49  48  47  46  45  44  Older
DateSubjectAuthorDiscuss
20/5/2021
12:37
3pm kick off ?
smithie6
20/5/2021
09:31
"IIRC STM said a year or two ago that they were planning to move the STM Life company to Malta but that has not happened"

good info digging

!!

seems surprising but I guess there must have been decent reasons for not doing it.

lots of changes going on this year & in recent years. Those of us still holding believe that the bod & managers have a lot of experience & numerous different subsidiaries & in different countries (with different rules) & that a suitable way forward will be found/achieved.

(& the directors & ex dirs have a lot of skin in the game so they will be doing their best imo).

smithie6
19/5/2021
22:43
Smithie6 - It says in the report "No new or incremental business can be accepted from the EU from 1 January 2021 until any new permissions are granted or equivalence is agreed. STM Life will continue administering its inforce EU policies to their natural conclusion (e.g. surrender, transfer out or policy maturity)."
IIRC STM said a year or two ago that they were planning to move the STM Life company to Malta but that has not happened and they now seem to be intending to merge their two life companies in Gibraltar. I took the note to mean that they can't do new EU life assurance business so I can't see how anything can continue to come from Malta for the life company. Yes they have their large pensions business in Malta which should carry on unaffected by Brexit but surely the Gibraltar based insurance companies can't now take life business from Malta (or anywhere else in the EU)as they no longer have permissions to do so since Brexit happened. Also by mentioning "incremental business" the report seems to make clear that existing EU customers aren't allowed put more money into their policies either. Not good unless the equivalence thing soon gets sorted I suppose.

lundun42
19/5/2021
22:42
is the trusts section not all now sold with the 2 sales in 2021 ?

(since viewed as non-growth)

smithie6
19/5/2021
21:43
I thuoght they had sold off their insurance business some time ago. Do you mean assurance?
The business is basically pensions (14m) life assurance (5m) and trusts (4m)...roughly.

elsa7878
19/5/2021
21:37
interesting
& thanks for sharing

1) "no new EU business can be accepted"

from Malta are they not free to operate within all of Europe ??

2) loss of turnover & profit from the 2 cos. sold

I was aware of that, easy to see, & I have assumed that the dirs would not have done it unless they (with the agreement of the indep. dirs on the bod) felt that the overall result would not be beneficial
so, I'm assuming that a compensating acquisition(s) will result. While noting that some money is not received until X months in the future (a purchase could make stage payments at the same time).

A reasonable % divi is being paid out, so clearly the dirs don't feel that they need that cash to fund acquisitions.

-----

tomorrow the "prospects" part should/will inform us about this.

smithie6
19/5/2021
12:59
I don't know if anyone read the solvency reports published last month by the two STM insurance companies. They do add some useful info which wasn't mentioned in the results announcement this week. It looks like STM is moving ahead with merging their two life insurance companies (maybe so capital can be released?) and also creating a service company to administer the policies (reduces future expenses risks). They mention that Brexit has had a material impact on the business since loss of passporting rights in January this year no new EU business can be accepted until (if ever?) equivalence for UK firms is agreed. This is a big blow as it looks from the report that at least 75% of 2020's £30m total premiums came from EU countries. These reports can be found on the insurance companies websites for anyone interested.

It will be good to hear more from the directors on future plans/outlook as whilst the recent disposals create a more pensions focused business, where is the growth going to come from to replace/exceed the lost income and profits of those subsidiaries just sold, the lost new EU business in the life insurance part and, if I read it correctly, no more growth in the large Malta pensions business implies a business running off as the ageing customer base retires/passes away? It would be nice to think that STM can achieve good growth from their focus on UK activities but they don't appear to have any critical mass in the SIPP market at least. Maybe the workplace pensions will take off big time for them or maybe some significant acquisitions will soon be announced to get the market more interested. Here's hoping!

lundun42
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

smithie6
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.

elsa7878
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.

smithie6
16/5/2021
21:56
Took place on the 5th - see the trades.
elsa7878
16/5/2021
21:49
you think that PG bought those shares as a block on the day of the results ?
smithie6
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...

elsa7878
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.

smithie6
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.
lundun42
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.

smithie6
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!

lundun42
12/5/2021
16:14
Now that IS interesting to see PG appearing on the register :-)
cwa1
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.

elsa7878
Chat Pages: 55  54  53  52  51  50  49  48  47  46  45  44  Older
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