Stm Share Discussion Threads

[tabhair] 18/4/2024 17:38

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 07:47

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.

[bbmsionlypostafter mk2] 08/11/2023 16:11

schmally,

It's been a long time since we chatted. Actually, it was more like me chatting & you with your formidable insight trying to educate me on the stock market.

Are you keeping an eye on VRS?

Do you remember when I told you to get on the lifeboat when the shares were 53 or 58p or whatever it was & you scoffed at my ignorance? Twice you did that. Well they are about a third of 1p today! Still happy to hold?

LOLS!!

Don't be a stranger, you're missed on the VRS threads.

[boystown] 25/10/2023 11:08

I see what you mean camerongd53. There's no rule to preclude this afaik - but others may know better.

You'd think that if they intend to pay the additional 7p, they may as well hoover up at 60p.

[camerongd53] 24/10/2023 22:24

Boystown
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??

[boystown] 23/10/2023 21:44

They're 60p to buy, 55 to sell; so it's a question of the time to receive the 60p (first half of 2024) and the chance that we may never see the 7p loan notes vs. the opportunity of getting a sure-fire 55p now and the chance to reinvest that cash elsewhere.

[camerongd53] 23/10/2023 21:22

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.

[steve73] 10/10/2023 14:13

Lots of discussion of DCU's on the HUR BB after their shares were converted to DCUs about six months ago. ...at 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..

[pdosullivan] 10/10/2023 14:05

No interest payments and expected to be resolved on the first anniversary of the scheme becoming effective is how I read it.

[boystown] 10/10/2023 12:26

So if things progress well, when could we realistically expect the loan notes to be paid off?

Also, until that time, will they generate interest payments?

I don't know about anyone else but this situation is a first for me.

[schmally] 10/10/2023 11:56

The deferred consideration units are effectively loan notes, which can be held in a SIPP. However, this will depend on your SIPP provider, as loan notes will be deemed by the FCA as Non Standard Assets (not redeemable in less than 30 days), which many SIPP providers don't allow within their permitted investment mandates.

Most SIPP providers (especially platform SIPPs) don't allow NSI's to be held in their SIPPs, although it's unclear in this situation whether they would accommodate loan notes, as they can't be redeemed until the end of the deferred period when a calculation will be completed to determine the value of each note. If the provider won't allow them to be held, then what else can the SIPP member do other than in-specie transfer them to another provider that will accept them, but the costs would be too prohibitive.

I would imagine platform SIPP providers will have to accommodate these loan notes, but it's not a given.

[tabhair] 10/10/2023 08:35

Does anyone know if a Deferred Consideration Unit can be held in a SIPP?

[tabhair] 10/10/2023 08:27

Deal to close first half 2024.