Stm Share Discussion Threads

[tabhair] 21/6/2024 10:32

Looking like we'll need another extension to the long stop. Just one week to go before it expires again.

[boystown] 14/6/2024 15:32

Yes, it would seem to make completion a certainty. What's the collective view re the likelihood of the additional 7p loan notes being received next year?

[pdosullivan] 14/6/2024 14:49

The only crumb of a benefit - if one could describe it as such - is that it makes completion of the deal even more compelling for the acquirer.

[elsa7878] 14/6/2024 14:38

But of no benefit to us just the buyers. As I read it.

[tabhair] 14/6/2024 14:02

RNS out, no approvals but STM is selling 20% of itself for £5m but with the ability to refer clients to the bit they are selling, earning fees.

[pdosullivan] 04/6/2024 06:00

Presumably there are fixed timelines by which the relevant regulators have to make a decision by?

[baner] 28/5/2024 12:19

there is every chance/risk there will be another one. and another one. etcetera. terribly badly structured transaction where the bidder benefit from dragging on with no compensation for shareholders while they keep the profits generated within the company. to which should be added that it is not good for the organisation/staff to live with uncertainties for this long.

[tabhair] 28/5/2024 10:57

One month extension, They must think they are close to getting approval?

[baner] 26/5/2024 18:17

I am not sure the predator can just walk away ”like that”. They will need to provide evidence they have done everything they could in order to get regulatory approvals, otherwise i believe they would be liable for the whole bid value and that would of course be a real distaster for them. Still there is the risk the BOD allow this to continue for some time, in which case the Bidder is retaining all accrued earnings within STM, with no compensation for shareholders - a very badly structured transaction if so.

[camerongd53] 24/5/2024 14:44

Very good point you are making and you may have made a wise decision.

One thing I would say is that a lot of people e.g. including Terese Neish make a lot of mmoney on Options they hold and we can expect them to move heaven and earth to get the deal through.
We will know next week what the true position is.

[tabhair] 24/5/2024 11:55

I sold half my position on this.

In just four days we hit the long stop and the acquirer is free to walk away from the deal. There's been no update on approvals and no update on an extension of the long stop. Monday is a bank holiday, so we're definitely cutting things very close.

I still think the deal will get done. Both parties have come this far and both have spent a lots on fees already. The risk has definitely increased here though. I thought it best to take some off the table at 57p rather than risk everything goes to 30p should the worst case scenario occur.

Very possible I have misjudged and gotten things wrong though.

[tabhair] 08/5/2024 11:21

The long stop date for the completion of this deal is May 28th, just three weeks away.
The company is going to have to provide some sort of update, between now and then. Hopefully it can be gotten over the line without an extension being required.

[tabhair] 18/4/2024 16:38

The UK FSA had a timeline of 60 working days for approval, which went through two weeks ago.

The Maltese FSA has a timescale of 70 working days for approval (best case), or 90 working days if further review is required.

Making a few assumptions, the decision from Malta could be due soon if things go without a hitch.

[pdosullivan] 04/4/2024 06:47

Reassuring update this morning - hopefully we will get the proceeds next month.

[baner] 25/3/2024 09:44

The Buyer has no incentive to rush this through the regulatory Bodies: the price is fixed and any accrued earning belongs to the Buyer. This was a terrible mistake by STM in the negociations: the shareholders finance the Buyer while we also carry the risk of the deal eventually not happening.

[pdosullivan] 24/2/2024 19:38

It is a pity that the statement did not give an update on the status of approvals by jurisdiction. Presumably the green light is required from each of the markets in which STM has operations given the nature of its business.

[lookagain] 23/2/2024 08:10

Presumably the 7p deferred will be paid on 28 May 2025 or thereabouts

[lammylover] 23/2/2024 07:31

I assume that the latest date that the sale of business will be concluded?

Hopefully will be sorted sooner and we will get our share sale funds back into our accounts.

[boystown] 23/2/2024 07:14

All seems to be progressing satisfactorily.

What does a "a long stop date of 28 May 2024" mean exactly?

[tabhair] 11/12/2023 12:41

It is currently expected that the Scheme will become Effective in the second quarter of 2024

[boystown] 06/12/2023 12:56

So does this mean we don't get the cash until sometime between April 1st and the end of June?

[chrisdgb] 22/11/2023 11:41

Lovely stuff for the market makers, hoovering stock at 53.65p and jobbing on at 57p.........

[yombo araka] 08/11/2023 19:48

You have to laugh don't you Schmally, Fest has moaned for years about being a victim of 'stalking' yet today he's pursued both you and Skipper on boards where he doesn't have a holding, for the express purpose of ridiculing/antagonising you.