Stm Share Discussion Threads

[smithie6] 15/11/2017 10:40

what is the expense ratio number & how does it compare with what you think wld be more normal ?

(is expense ratio high due to paying commission to intermediaries ?)

[smithie6] 14/11/2017 19:19

always risks...but my own guess on risk/reward is that my adds today around 42p were a good deal.
one sniff of stability or good news & this is back at 50-55p imo.
but of course, risks of future news being negative....par for the course when news creates a sizeable % fall

[smithie6] 14/11/2017 14:41

I bt. some more.

since looks very cheap

fingers crossed the news in the future gets better & not worse !!

[smithie6] 14/11/2017 13:37

uf...and there was me hoping for good news !

[horndean eagle] 14/11/2017 13:24

Surprised not more of a rush to get out. If you were a client of STM and you saw the headlines I don't think I would be keen to hang around. Obviously not as clean as you would like to hope they were.

[jaykaytee] 14/11/2017 12:39

Service is restored!

[sailing john] 14/11/2017 12:33

So back trading and several RNS's issued explaining position from STM's point of view. Very hard/impossible to interpret/value so not surprised at 30% hit.

[boystown] 14/11/2017 12:32

Thinking about it; who's now going to buy any kind of financial product from a company being investigated by the Gibraltar Police?

So you're then left with around £10m of liquid assets (i.e. presuming no profit) versus a valuation of almost £21m at 35p - not quite one for me to buy more of but it all depends how optimistic you are about future earnings.

[cpap man] 14/11/2017 09:55

Not easy to release an RNS from behind iron bars!

[smithie6] 14/11/2017 09:44

surprised no RNS this morning

[ir35] 14/11/2017 07:46

The fact that there isn't any reason given for the suspension indicates that it is very bad news. It feels like they didn't have time to put out a complete RNS which would suggest something happened in a hurry. They still haven't clarified the situation so I guess management are a bit busy with something - have they been arrested ?

[smithie6] 13/11/2017 22:28

RNS of 30th Oct said "arrested"
..& today an acquisition announced so one assumes that bod meetings & functions are still happening

so does it mean that life goes on & MD was released after being notified & questioned to see what info he cld give wrt client ....

& that in reality that police investigtn will concentrate on client & could absolve MD of any charges at any moment ??

----

so...if that is a non-story in reality...
why the suspension..

could an offer for STM be the reality as some think
or phps that they have been approached..
suspension to allow the acquisition news to flow to the mkt....& then some news about an approach to STM ??...seems unusual that dont reveal any existing news...

ah, or maybe there is another acquisition or impending corp action but not 100% signed off yet so cant report yet ??

moving of registered office (to Malta ?) is likely news imo but not enough to require suspension of shares imo

(shares are/were underpriced for the results so an offer wouldnt surprise me. phps from Miton who own 30% if my memory is correct, & the founders might be happy to cash in & enjoy the millions they'd get !)
if there was a buyer then the co. has links with a big private finance/pensions co., beginning with V.... I cant recall full name..
& various other rich ppl around with stakes in financial cos. who might see some synergy benefits with STM's business....R.Branson, Jim Mellon

[smithie6] 13/11/2017 22:23

I note that the STM MD reported the situation to compliance officer of STM who did the forms with Gib authorities... 2 years before !!

so based on just the RNS info it looks like the MD & STM acted prudently & correctly

and a rich client ( let's say with a mix of legal & arguably illegal businesses (std practice I think for big fish) a finance co. in Gib. cant be expected to do detective work on each of those businesses.....it doesnt have the time nor the money to do it, police's job imo

while sure if a 30yr old arrived arrived at STM with £10M pension pot & had no justification for the cash then STM would have to report it & refuse them as a client.

[kingbarolo] 13/11/2017 20:04

Possibly, or wishful thinking? There’s similar speculation on another site. We’ll find out soon enough!

[smithie6] 13/11/2017 14:10

I dont think co. is resp. for actions of any dir. at other cos.

unless the work at other co. was in name of STM & payment went to STM...

it is logical & normal imo if some big clients have someone from STM on their own bod as a non exec to help give pensions/QROP etc guidance to a bod

Lots of AIM dirs are also dirs at other cos. (imo any AIM "" exec. " dir. shouldnt be allowed to be ""exec"" dir of any other co. but ok as a non-exec)

ppl on 200-400k/yr + car + pension should give body & soul to 1 listed co. only. imo)

[kingbarolo] 13/11/2017 11:33

Yeh, I can see that. Unless he's done something without the knowledge of the company and it can distance itself, so mitigating the impact. We'll find out soon enough!

[camerongd53] 13/11/2017 10:33

I think you are optimistic
If Alan Kentish was doing business for the benefit of the company and this is what is being invesstigated, he may personally be responsible but so is the company, either legally and/or morally

[kingbarolo] 13/11/2017 10:11

What's the worst that can happen? Would a charge against Alan Kentish be tantamount to a charge against the company - it doesn't seem that way, it has been presented as a personal matter. In this case I'm not sure that the functioning of the company, will be significantly affected, or am I being optimistic.

[boystown] 13/11/2017 09:31

Well I hope I'm wrong - but I really can't imagine this being good news in any way.

I think the best we can hope for is some kind of technical / legal necessity of suspension relating to the Gibraltar investigation - which the company is confident is immaterial etc.

It is 14 days since the deadline of course; "Under current Gibraltar legislation, the GFIU must respond within fourteen days if it wishes to direct any action to be taken, with a lack of response from the GFIU being acceptance by them for STM to continue as normal." - so maybe action is being taken?

[camerongd53] 13/11/2017 09:08

I agree
The acquisition is a bolt on and is does not even appear to be that material
I hope it is not to do with the Gibraltar Police - the 2nd RNS was submitted at 7.30 rather than 7.00 which would suggest it was not prepared last week and relates to an event over the weekend

[impvesta] 13/11/2017 08:53

followed by suspension for some reason:



Don't know why the announcement of the acquisition should cause a suspension so maybe the suspension relates to some other matter?

[fillipe] 13/11/2017 08:35

Acquisition....



f

[glenkaz] 13/11/2017 07:39

Suspended 🤔

[pka3] 03/11/2017 12:48

As such Mr Kentish is exploring the various options available to him to expedite a positive outcome.

He's OFF to pastures new !!