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% 31.50 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
30.00 33.00 31.50 31.50 31.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 23.25 3.92 5.73 5.5 19
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 31.50 GBX

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Stm Daily Update: Stm Group Plc is listed in the General Financial sector of the London Stock Exchange with ticker STM. The last closing price for Stm was 31.50p.
Stm Group Plc has a 4 week average price of 29.50p and a 12 week average price of 27p.
The 1 year high share price is 41p while the 1 year low share price is currently 19p.
There are currently 59,408,087 shares in issue and the average daily traded volume is 64,822 shares. The market capitalisation of Stm Group Plc is £18,713,547.41.
smithie6: AFH (wealth management co. based in the midlands with 20,000 clients) has received an agreed takeover offer share price is up. is STM a takeover target ? ---- AFH looks to have revenue & PBT of about 3x that for STM but AFH has a cap. value of 195million, much higher than 3x the cap. value of STM (£18 Million. x3 =~ £54 million) clearly wealth management is much more highly valued than what STM does !!
smithie6: ...I was just thinking out loud about any options for STM that might get the share price up them getting bought up if the expected/predicted increased performance (PBT of 4.7 million for 2021 :-) ) doesnt happen (I think it will) is another option
gaiusgracchus: The idea that STM can transition to becoming an investment manager is frankly bizarre. Administration is a very boring business where the aim is to not make mistakes. From a client of STM's point of view, you want STM to be reliable but also quite invisible. And low risk. No screw ups. This mindset does not marry with investment managment where you have to take (calculated) risks all the time. If they were to "pivot" to IM I'd be inclined to sell out.
lundun42: Yes AFH is different. It provides financial advice/investment management services not administration services like STM. If you look at AFH recurring revenue they seem to be charging/earning around 1% on funds under management so if STM were to be a manager rather than an administrator of client funds that could bring revenues of say £60-£80m on that £8bn so yes perhaps STM should look at it.
smithie6: "[Today 12:14] Brooks Macdonald Group PLC - investment management firm headquartered in London - Total funds under management for its financial second quarter ended December 31 increase by 14% to GBP15.5 billion from GBP13.7 billion as at September 30. Read More" different type of business, but in the same sector of finance AUM of 15.5 billion vs 8.7 billion at STM while Brooks has a cap. value of 293 million whereas that for STM is just 18.4 million ! for the same AUM the comparison would be 18.4 million versus about 146 million at Brooks for 7.8 billion of AUM orders of magnitude of difference could STM adjust its business model & provide some of the same services to clients that Brooks provides to its clients, in order to get a rating more similar to what Brooks has ??
smithie6: 'jump profits longer term' if my memory is correct a short/medium term hope is sales growth by crossing selling of existing products & more sales into Carey workplace pensions, which hasn't happened taken off so far but it has been a very topsy turvy year with Covid so I would assume that many businesses have been very busy coping with enormous changes & pressures, so they haven't had much interest in the subject of changes to workplace pensions. That sector is apparently closed to new entrants (ref. STM) & some businesses are sub scale & probably looking to exit (a la Carey & ref. STM) & STM has cash left to do another acquisition (£3-4 million)....& because of Covid the short term selling priced may have reduced while the long term benefit is phps unchanged, assuming that the world returns almost to normal by the end of 2021 (except for Govts having much bigger debts !!). The subsequent perf. payments for Carey might be lower due to Covid which might give a benefit to STM short term.
lundun42: For all it's overall small size, as well as UK pensions STM seems to have lot of subsidiaries operating overseas in trusts, pensions, life insurance so looks like quite a complex group of businesses. I do wonder if a UK pensions operator like AJ Bell would really want to take on dealing with or disposing of all the other parts of STM when you could imagine all they really might want is the UK pensions parts to add to their UK customer base? It would be nice to think that there is a potential bidder out there sharpening their pencils. Any emerging t/o bid interest would certainly help pull this share price out of the doldrums.
smithie6: some data per share performance over recent years A) yr to Dec. '14. 2014. no. of shares 53 million & 63m diluted turnover = £15.9m per diluted share = 25.2p net cash £5.7m. per diluted share = 9p B) yr to Dec. '19 no. of shares 59.4 million & 60.4m diluted turnover = 23.3m per diluted share = 38.6p net cash £17.2 m. per diluted share = 28.5p ------ performance - turnover per share up by about 50% wrt 2014 (25.2p to 38.6p /diluted share) - net cash per share up from 9p/share to 28.5p/share (& if had retained cash paid out via divis it would be 28.5p+ ~7p = 35.5p !; from 9p to 35.5p cash/share in 6 years, impressive !) about x3 what it was !! & 28.5p/share is 75% of the share price, whereas it was perhaps 24% in 2014 (if take the share price as 38p, share price rose to 70p at which time the cash/share as a % was much lower of course) ----- at many small AIM cos. they keep raising money by issuing new shares...while the perf. data "per share" normally/often keeps falling at STM you can see that the number of shares is about the same in 2020 as it was at Dec 31 2014. So the various acquisitions made during the intervening years have all been basically/overall funded from profits !, improving the per share data. Excellent. ----- good numbers imo with the high cash /share surely giving good downside protection for the share price, coupled with the high recurring revenue ...hopefully the profit numbers will improve over the next 2 years as the BOD expects (with the share price following along)
lundun42: Smithie6 you said "little debate here, surprising after the co. taking out a loan of 1/4 of the cap. value of the co......a significant step imo". My point is that surely the cap. value of STM has little relevance to the new loan. Yes it's a step but imho it's not that significant in the context of STMs past borrowing levels and acquisition activities, more like business as usual given their regularly stated strategy of further acquisitions. Yes the latest one has helped the share price and another should do the same but as I intimated before imo so far these aren't of the transformational kind that would really get the share price motoring. A £10-£20m acquisition, now that would be significant! It will be interesting to see what their half year results look like next month.
cheshire man: Article in full for those not subscribed Investorschampon STM: shares soar on reassuring results STM Group (LON: STM), the financial services group which is endeavouring to diversify away from its offshore roots, announced encouraging results for the 12 months ended 31 December 2019. A November 2019 trading update saw the share price tumble and the latest announcement reassured that all was not as bad as the market seemed to imply. While revenue rose 9% to £23.2m, pre-tax of £3.9m was marginally below the prior year’s £4.0m. The net cash inflow from operating activities of £3.1m lifted year end net cash £17.2m, although a significant proportion of this balance forms part of the regulatory and solvency requirements. The growth in revenue was due to the acquisition of Carey, which completed in February 2019 and brought new SIPP and workplace pension business. The UK SIPP market is well supported by some excellent businesses and STM may struggle to grow the Carey business in the face of stiff competition, rising professional indemnity costs and legacy issues with the Carey business which included a loss-making auto-enrolment business. STM has attractive defensive attributes with annual recurring revenue of 77% underpinning forecasts. The current rating and valuation (££16.5m) looks very modest for a business which is highly cash generative and was previously forecast to deliver 6.5p of earnings per share in 2021, equating to a forecast multiple of only 4.3x at the current share price of 28p. While earnings are clearly subject to revision that looks very reasonable. The UK businesses acquired, while far less profitable, should also help dispel the air of distrust which appears to hang over its offshore operations.
Stm share price data is direct from the London Stock Exchange
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