Stm Share Discussion Threads

[smithie6] 09/12/2022 15:49

lse:load (Crestchic Plc) has just received a take over offer

Do we think that STM could receive a takeover offer ?!
....is the high cash per share & international presence & wide skill base & financial operation licenses of STM of use/interest to a buyer ?

[smithie6] 15/11/2022 22:54

so, tomorrow.

0.6p, yes ?

total of 1.5p divi in 2022 (0.9p final + 0.6p).
~5% annual divi yield +/-

[arthur_lame_stocks] 08/11/2022 12:37

I think we should get the dividend next Wednesday. A bit of income's always handy when capital gains are hard to come by.

[smithie6] 04/11/2022 12:58

published current mkt price appears to be wrong

'cause I did a test sale & got offerred 29p.
so, the real mkt price is phps 29-30p & not 28-29p.

& phps infers there is someone trying to buy some shares. PG ?

[arthur_lame_stocks] 30/10/2022 08:39

I wonder if the recent tick up in the share price is because PG has started buying again. He seems to have been a bit more active recently in general.

[baner] 30/10/2022 08:27

Russman - what you say is there is good potential here but change in leadership required to capture this ? Time for major shareholders to take action then !

[russman] 28/10/2022 03:01

STM is cheap but for good reasons.
No growth
Management "in fighting"
Poor strategy execution to date.

[baner] 27/10/2022 16:30

something cooking here - time for an MBO or a break up?

[smithie6] 21/10/2022 19:03

Baner
Can you put a nice gloss on the interim results ?

I thought that in 2022 we were supposed to see increased profits (& turnover) due to automating various processes in 2021 including new automated client on-boarding for some products.
The cost of this software development & implimentation has reduced profits but that was I thought finished in 2021, giving an extra lift to profits.

but

the recent interim results show a reduction in profit & turnover!!

For some of us who have been holding & waiting for a few years it seems like a donkey & a carrot. The shareholders being the donkey. The carrot being the promised uplift in profits; but which never happens !!

The payback from introducing better software to reduce the labour costs. Never happens imo. Appears as a promise in every annual report.

Completion of software projects to reduce the labour costs. Never happens imo. Appears as a promise in every annual report.

Those facts do not look very good.
Can you put a positive spin on it ??

----
The bank debt at the time of the completion of the acquisition was ~£5.5 million, based on the info in the interims, which includes the completion of the acquisition after the interims.

[smithie6] 21/10/2022 13:50

hmmm

I don't understand your post.
My post is quite clear I think.

----
The new bank loan drawn down for the acquisition will need to be paid back over X years before any higher divi can be paid imo & the gap wrt regulatory capital increased imo.

The bank is now ~£5.5 million.

Don't you agree that the headroom for regulatory cash is currently very tight ?

There will also be cash outflow this year for
- exec. director pay off
- prof. costs for the acquisition
- integration costs
etc

ie. we have to wait longer imo
& we have been waiting for a few years already

hopefully the profit numbers & regulatory cash headroom will improve but any increase in divi would only be ~2-3 years later imo, after building up the headroom on regulatory cash & paying down some/most of the new bank debt.

& the surplus cash production in recent years after paying the current divi is not that exciting,

it will all take some time imo before there is any chance of a 2-3p annual divi.

[baner] 21/10/2022 13:03

u will be positively surprised Smithie. or maybe disappointed.

[smithie6] 21/10/2022 11:10

2-3p divi

dream on imo

cash held vs reqd regulatory cash is tight, very tight, imo, & that 'tightness' needs to be removed imo, by adding some nett cash

[smithie6] 21/10/2022 10:07

can you explain your 50p valuation ?

...since I don't see that pro rata from the acquisition.

[baner] 21/10/2022 09:30

Based on their most recent own acquisition, this company is worth well north of 50p - with a very sound balance sheet and strong cash flow, the risk/reward is attractive. They could easily afford to pay 2-3p of dividend.

[smithie6] 21/10/2022 08:02

500 !

Well, it is usually illiquid. If want say £10k of shares then one often needs a seller in order to get that amount. But in any case the price is in a slow uptrend & many holders don't want to sell, in part since the cash per share is high, so smallish buy volumes can move the price up.

[clocktower] 21/10/2022 07:59

Cannot even buy 2000 online now.

[clocktower] 21/10/2022 07:59

Cannot even buy 500 online now. MM have locked it down it seems.

[smithie6] 19/10/2022 14:59

nice to see the up trend

from 23p to 27p
+4p
+17% wrt 23p

be nice to see it jump back up more quickly but +17% is not too bad, especially if it keeps going.

[rsymes6] 06/10/2022 13:26

Stability is definitely needed to restore investor confidence but it doesn't look like STM are there yet. It appears that the Gibraltar business - pensions and insurance - has lost its third Chief Executive in as many years. Their website now shows the actuary as 'Interim Chief Executive'. Also NED resignations this year. Not signs of a happy ship.

[smithie6] 03/10/2022 20:50

...also happy to see Therese back

..I just hope that the co. is not paying 1 year salary as a pay off to each FD if they aren't staying very long since it would be a big hit to the PAT.

[camerongd53] 03/10/2022 08:17

after all the changes in Board members and FD I am glad to see Therese Neish back as FD.
Hopefully this will give us stability for 12 months. I feel that the challenges facing the board are to find Sipps to consolidate to increase the company's value(and a long term FD in place after TN has done her 12 months. The alternative should be to be taken over

[pdosullivan] 14/9/2022 17:42

Growth is not too bad when you adjust for the disposal in 2021 which weighs on the headline performance. And the inclusion of the Mercer business should see further growth in 2023.

[russman] 14/9/2022 17:37

"Cost management and operating efficiencies remain key areas of focus for the Plc board."
No growth.