Stm Share Discussion Threads

[tabhair] 09/8/2023 09:28

An extension seems mildly positive for the bid going through, I would think.

If the bid wasn't credible or could be dismissed, they would have done it. An extension suggests the bid is plausible and maybe they are just negotiating the finer points.

Share price seems to be consistently inching up.

[fillipe] 08/8/2023 07:11

Extension to 5pm Aug 22nd.

f

[elsa7878] 07/8/2023 17:13

The deadline can also be extended.

[tabhair] 07/8/2023 11:48

The deadline for indicating whether an offer will be made or not is 5pm tomorrow.

I am not sure if it's positive or negative that we are going to be left waiting until the last minute.

[baner] 07/8/2023 10:44

Tabhair - what do u mean with that?

[tabhair] 07/8/2023 09:24

Going down to the wire.

[pdosullivan] 01/8/2023 06:35

Yes, you are right. For some reason I had 2 August in my head as the deadline but I now see it is the 8th.

[elsa7878] 31/7/2023 12:12

Wonder what happened to the other parties or perhaps they need to run with this one first unless someone wants to offer more...though the offer looks pretty full.

Pension Superfund Capital, a vehicle controlled by Edi Truell, is among a number of parties to have indicated that it wants to make an offer for the company.

An insider connected to another party which had expressed recent interest in STM said that finnCap, the investment bank, was advising the pension master trust on the talks.
Although a stock market minnow with a market capitalisation of little more than £15m, STM is understood to have been identified by Mr Truell as a platform to deliver a comprehensive range of pensions services to clients.
The entrepreneur, who recently took Global Interconnection Group, an energy transmission business, public in Amsterdam, is a veteran of pensions industry innovation.
He helped establish Pension Insurance Corporation, the specialist insurer, and was the architect of the Pension Superfund, one of a new breed of consolidators which has been attempting to gain regulatory approval.

[tabhair] 31/7/2023 09:30

An "Offer Period" has now commenced in respect of the Company in accordance with the rules of the Code. Rule 2.6(a) of the Code requires that Pension SuperFund Capital must, by no later than 5.00 p.m. on 8 August 2023 (London Time), either announce a firm intention to make an offer for STM Group in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code.


We will know by Wednesday 8th of August.

[rsymes6] 31/7/2023 09:17

The Form 8.3 disclosures make interesting reading e.g. Arron Banks now up to just over 2%.

[arthur_lame_stocks] 30/7/2023 21:27

It might be a bit soon to expect news.

[pdosullivan] 30/7/2023 19:22

A big week in store

[chrisdgb] 26/7/2023 11:19

on my news ticker, 24/7 announced, own 1.06%......

[tabhair] 26/7/2023 11:14

re. John Moulton, where are you seeing that?

[chrisdgb] 24/7/2023 09:36

John Moulton sees value........

[smithie6] 11/7/2023 09:51

Btw

There is no firm offer as yet

"The Board of STM Group has confirmed to Pension SuperFund Capital that, should a firm offer be made on the financial terms of the Possible Offer, it would be minded to recommend it unanimously to STM Group's shareholders. Should a firm offer be made, ..."

[elsa7878] 11/7/2023 09:24

Lots of regulatory hoops to jump through here in the UK but more importantly in Gib and Malta. Will take time.

[camerongd53] 11/7/2023 09:11

The market clearly rightly or wrongly oes not consider this a done deal
If it did the price would be a lot closer to 70p.

I am happy at the moment taking the risk and getting approx 20p more for taking the risk.
The key risk is purchaser pulling out imv. Others are regularity etc which should be easily overcome
The 70p will come in handy to buy xmas presents. Not expecting the money much before halloween

[chrisdgb] 11/7/2023 08:29

Market bamboozled by the premium.........

[tabhair] 11/7/2023 08:28

47p offer now!

Could be missing something completely but this is a cash offer at a huge premium. There's no entrenched shareholder who will turn this down. The risk of the deal being turned down on competitive grounds seems very low.

[tabhair] 11/7/2023 08:20

Just bought a small slug of these at under 49p.

[tabhair] 11/7/2023 08:11

Can now buy at 50p in the open market.

[tabhair] 11/7/2023 08:09

You can buy in the market now for 53p. Market sceptical of the deal.

[catabrit] 11/7/2023 08:05

Well done to holders here. Good things tend to happen when you buy for net cash and get a free option on *profitable* going concern value! It’s just a matter of timing and the wait can be long and hard. Enjoy your moment in the sun!