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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 1251 to 1274 of 1375 messages
Chat Pages: 55  54  53  52  51  50  49  48  47  46  45  44  Older
DateSubjectAuthorDiscuss
25/12/2021
10:28
percentages work both ways; up & down
russman
23/12/2021
17:21
but being small does have some advantages

if make smallish changes then it can impact the bottom line, whereas at say BT it is difficult to make big % changes to the financial numbers

smithie6
22/12/2021
17:24
lacks focus; spread too thinly; too small.
russman
17/12/2021
14:12
Personally I like the multi country operations of STM. I see that as an advantage. Companies that only offer products in the UK do not have those options. & in theory having multiple country operations should make the central function staff more skilled since it is more complicated, imo.

-----

we would all like to see more good news & the PBT increase, but in their business it takes time. The last few years have disappointed, as shown by the share price, but there are also some items of good news such as the implementation of in-house software saving the annual costs for using external software.

----
at least the shares are cheap for anyone buying now & we get a decent divi yield while we wait...but yes it feels like it is dragging on ...

smithie6
17/12/2021
14:05
"....business development strategy role. Appointing pension MD Christine Hackett seems like an "out-to-grass" pre-retirement role and a penny pinching cost saving move."

I disagree.
The company has seen its margin & adjusted PBT fall over recent years, so shareholders want to see efforts to increase it. So, any penny pinching gets my applause/vote. Especially when in previous years there have been numerous cases of throwing money around, such as for adding directors/managers & using consultants.

STM has years of experience & various subsidiaries operating in various countries & offerring various products, if they don't have the sector knowledge in-house then something is wrong. But yes there is competition, as there is for virtually all listed companies.

smithie6
17/12/2021
13:58
you make some good/informed points

including

"What happened to the regulatory capital re-org/review/reduction from the much publicised merger of their insurance companies? They spent a lot of money on external consultants & since all has gone quiet. "

smithie6
17/12/2021
01:18
Catching up on my STM reading/research - It's disappointing that they didn't bring in new blood for the business development strategy role. Appointing pension MD Christine Hackett seems like an "out-to-grass" pre-retirement role and a penny pinching cost saving move.

What happened to the regulatory capital re-org/review/reduction from the much publicised merger of the their insurance companies? They spent a lot of money on external consultants & since all has gone quiet. Speaking of their life insurance companies it seems from companies house that the actuary director resigned from the boards a couple of months ago and also he has been reprimanded and fined by the institute of actuaries for some of his work (elsewhere??). Coincidence maybe but not a good look from a reputational perspective.

Strategically are they trying to be all UK or not? UK is uber competitive since consolidation and domination by the big boys in the sipp/pensions space and at present doesn't the majority of STM earnings still come from their Malta operation? I suspect if a bigger UK player was to be really interested they need to get rid of their Malta pensions "complication" and become a "clean" UK only regulatory aligned operator. IMO that's a brake on any takeover interest unless someone else is happy to do that themselves or perhaps the CEO decides he wants to retire, sell out/seed a takeover?

lundun42
13/12/2021
17:56
The BoD should set out their stall quickly.
M&A facility; New development team.
Just more overhead.

russman
07/12/2021
12:30
The sale was for personal reasons, so I do not think it is wise to suggest it was anything other than that but the CEO could not have sold them before, in view of the profit warning. However more importantly PG has increased a stake-holding. maybe still adding.
clocktower
07/12/2021
10:44
At least he had the good grace to wait until after the profit warning.
arthur_lame_stocks
07/12/2021
10:06
CEO sells £100,000 shares in STM following last month's profit warning - interesting
profdoc
06/12/2021
17:56
Merger with Tavistock would at least be bigger.
Strip out overheads. Works on paper.

russman
06/12/2021
16:59
Just seen the RNS announcement that the CEO has sold 300,000 shares to fulfill personal commitments. Nothing unusual in that of course, except that the Company PR announcement says he sold shares but their attached RNS notification says under "Nature of the transaction" it was a "Purchase of Ordinary Shares" :)ha!
So which was it?

lundun42
26/11/2021
15:26
...if we get a period of stock mkt weakness

then I guess that the purchase price for any acquisition will reduce, beneficial for STM.

smithie6
23/11/2021
14:22
"The credit facility is for £5.5m (the "Facility"), is to be used purely for acquisitions, and is expected to be drawn down in line with acquisition milestones by 22 April 2022 at the latest."

so, I assume that the facility will not be shown in liabilities while it is not drawn down

although the interest cost, on undrawn loan, over 5 years will be shown as a liability I am sure.
-----

personally I think the cost being paid for a loan that hasn't been drawn down is too high & imo STM made a mistake to agree to it. £96k/year. I guess the co. was sure at that moment that it would quickly draw down the loan, so the % rate for undrawn did not matter.

smithie6
22/11/2021
18:34
Too small; sell up to a bigger player who can consolidate & strip their overheads out.
russman
21/11/2021
19:04
Presumably north of the £5.5m acquisition facility from NWG - https://www.stmgroupplc.com/media/archive/2020/061120
pdosullivan
21/11/2021
14:05
How much free cash do we think the co. has available for acquisitions ??
smithie6
20/11/2021
08:32
By step change I mean that is what one could see happening when the acquisitions arrive and add scale to the platform.
pdosullivan
20/11/2021
08:23
the business continues to look for acquisition opportunities that would give more scale to its UK businesses.
A fitting epitaph - London & Colonial is too small.

russman
19/11/2021
11:46
Slipping out mediocre news on a Friday! I've not been following STM for a while so must update my reading & research.
lundun42
19/11/2021
11:08
£2 million forecast next year is hardly a step change pdosullivan but it is a step in 6the right direction.
clocktower
19/11/2021
10:48
Disappointing update this morning but important not to lose sense of the context - these are relatively small numbers. STM has built a platform that has given it enhanced operating leverage. If excess capital can be deployed on acquisitions then we should see a step change in profitability from here.
pdosullivan
19/11/2021
08:35
"Christine is building her new business development team...."

too many managers perhaps, for the profits/growth being produced ??

...with so many managers is there any/much work left for the MD to do now that most of the software development is done & mostly installed ?

(the new software does open up new business opportunities ..as shown by negiotation of a sizeable new contract...And was a good step to take.....but we expected it to help the profit margin ....)

----

the weak PBT & share price might attract a buyer for the co. , producing a higher price ??

smithie6
Chat Pages: 55  54  53  52  51  50  49  48  47  46  45  44  Older
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