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STM Stm Group Plc

0.00 (0.0%)
01 Dec 2023 - Closed
Delayed by 15 minutes
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 Shares Traded Last Trade
  0.00 0.0% 55.00 50,100 00:00:00
Bid Price Offer Price High Price Low Price Open Price
50.00 60.00 55.00 55.00 55.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 24.42M 844k 0.0142 38.73 32.67M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:10:37 O 50,000 52.46 GBX

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Date Time Title Posts
22/11/202311:41STM Group1,440
09/1/200919:12Streetnames with Charts & News9
14/7/200508:52Streetnames - an interesting shell47

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Posted at 02/12/2023 08:20 by Stm Daily Update
Stm Group Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker STM. The last closing price for Stm was 55p.
Stm currently has 59,408,088 shares in issue. The market capitalisation of Stm is £32,674,448.
Stm has a price to earnings ratio (PE ratio) of 38.73.
This morning STM shares opened at 55p
Posted at 24/10/2023 21:24 by camerongd53
You are missing my point
Bidco or whoever is bidding are committing themselves to paying minimum 60p or max 67p for the STM shares. The highest price paid recenly in the market is approx 57p (which is less than current 60p market buy price).
Buying in the market at 57p would therefore save Bidco between 3p and 10p per share depending on he value of the loan notes.
Why are they not doing this??
Posted at 23/10/2023 20:22 by camerongd53
This puzzles me

The purchaser is offering 60 to 67ish pence for each STM share. GREAT!!

The shares are currently only 55 pence

Why is the purchaser not hoovering them up at 55p and saving themselves 10p per share?

Is it possible they are doing this and not reporting it or having to report it?

Interested for your thoughts.
Posted at 10/10/2023 13:13 by steve73
Lots of discussion of DCU's on the HUR BB after their shares were converted to DCUs about six months ago. least in as much as which platforms can/cannot deal with them where previously held in ISAs and SIPPs..

It may not be directly comparable.. I don't hold here but I try to keep an eye on developments as STM are trustees for my QROPS pension..

Hope this helps..
Posted at 28/9/2023 15:39 by schmally
I think the Sky article was just badly worded. What they should have said was that Edi Truell is part of a wider group of investors with an interest in acquiring the business (as a consortium). I don't believe there are any other potential buyers in the background, so it will be interesting to see where the share price lands if the deal fails to conclude
Posted at 27/9/2023 16:22 by rsymes6
I doubt it will A_L_S. With their mix of businesses and UK/international markets STM it's likely they would only attract a special type of buyer like PSFC rather than someone like another UK pension operator. It's not hard to imagine that the bidder wants one or two specific parts of STM and with a series of disposals of the bits it doesn't need/want it could end up with what it wants at an overall net cost of 'not a lot'. With the loan note option it buys itself time to dispose of other parts of the group, assuming it hasn't already been working on finding buyers already, other than the announced CEO as buyer of the SIPP part.
Posted at 27/9/2023 16:15 by tabhair
The initial offer was 70p, then revised down to 67p, now revised to 60p + 7p unsecured loan note. The board has not agreed terms on the revised offer.

Not the worse news, but not great either.

The unsecured note part of the offer is the biggest irritant. If you hold your STM shares in an ISA or SIPP, how does this get distributed?

Next update has to be provided by October 11th.
Posted at 27/9/2023 15:30 by rsymes6
A_L_S - yes they are but the question has been/is what is the bidders strategy, why are they interested in STM? I suspect that the life companies are the bit they really want as it would enable Edi Truell to replicate what he did with Pension Insurance Corporation which was DB buyout/consolidation. Not being interested in STMs UK pensions business, which is mainly SIPPs, gives some clues. Plus selling (one of?) the parts that they don't want to the CEO/MBO saves them the hassle and cost of trying to dispose of them post acquisition. Just my two penn'orth!
Posted at 05/9/2023 15:57 by tabhair

("STM Group", the "Company" or the "Group")

Offer update - revised offer terms and further extension to PUSU Deadline

The board of STM Group is pleased to provide the following update.

On 11 July 2023, the Company announced (the "2.4 Announcement") that it was in discussions with PSF Capital GP II Limited as general partner of PSF Capital Reserve LP ("Pension SuperFund Capital") regarding a possible offer for the issued and to be issued share capital of the Company at a price of 70 pence per share (the "Possible Offer"). In the 2.4 Announcement, Pension SuperFund Capital reserved the right, inter alia, to make an offer on less favourable terms than those described in that announcement with the agreement or consent of the Board of STM Group.

Accordingly, the Board of STM Group has reached agreement in principle on revised key terms of the Possible Offer such that it would be a cash offer for the entire issued and to be issued share capital of the Company at a price of 67 pence per share and would be conditional upon the completion of a disposal of certain parts of the Group that are non-core to the strategy of Pension SuperFund Capital (the "Revised Possible Offer"). As a result, Alan Kentish (a director and shareholder of the Company) has signed heads of terms with STM Group and Pension SuperFund Capital to acquire certain parts of the Group, comprising the UK SIPP businesses and the businesses connected with and including the Master Trust. The acquisition of such parts of the Group would be conditional upon certain regulatory approvals and the Revised Possible Offer completing (the "Proposed Disposal"). The Proposed Disposal would also be subject to Rule 16 of the Code and require the approval of independent shareholders at a general meeting of the Company that would be convened if a firm offer pursuant to Rule 2.7 of the Code is announced by Pension SuperFund Capital.

In light of the Proposed Disposal and Alan Kentish's interest in it, an independent committee of the Board of STM Group, comprising Nigel Birrell, Peter Smith and Therese Neish has been formed (the "Independent Committee") to consider the Revised Possible Offer and the Proposed Disposal. The Independent Committee has confirmed to Pension SuperFund Capital that, should a firm offer be made on the financial terms of the Revised Possible Offer, it would be minded to recommend it unanimously to STM Group's shareholders. Should a firm offer be made, it would be subject to the agreement of other customary terms and conditions, including the approval of the Financial Conduct Authority, the Gibraltar Financial Services Commission, the Malta Financial Services Authority and The Pensions Regulator.


Brilliant news 👍

Certainly left it late.
Posted at 09/8/2023 09:28 by tabhair
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.
Posted at 31/7/2023 12:12 by elsa7878
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.
Stm share price data is direct from the London Stock Exchange

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