#STM – recommended offer of 60p per share and a “deferred consideration unit” (up to 7p per share)

#STM – progressing further work following possible offeror letter from bank stating “highly confident” of senior debt provision

#STM – 70p per share possible cash offer “agreement in principle”

STM Group – ‘believes profit expectations will be met’, so why the further share price fall?

Financial services group STM (STM) has issued a “Board Changes and Trading Update” including “we will be making a number of appointments in the coming months to refresh the board around the future strategy of the group” and, with “the pipeline remains encouraging”, that it believes full-year profit expectations will be met. So what of a current more than 8% lower share price to 22p, a circa £13 million market cap?

#STM – H1 “slower than anticipated” and 2 directors to “stand down”, argues “pipeline remains encouraging”

#STM – application for leave to appeal long-standing Adams v Carey case declined

#STM – sale of Jersey trust and company services businesses for minimum net £1.4m

#STM – up to £2.45m sale of Trust & Company Services and Tax Compliance businesses

STM Group – ‘trading update’, “Covid-19… more difficult backdrop”. Uh oh...

Previously writing last year on group which “specialises in the administration of client assets in relation to retirement, estate and succession planning and wealth structuring”, STM (STM) I commenced that I’d previously written in late 2017, concluding, with the shares having been recovering back above 40p, that with uncertainty together with the tardiness of its announcements, if I owned I’d currently sell and await further developments and concluded, with the shares then around 32p, that I wasn’t confident in the outlook and retained previous caution. Today a “Trading Update” – and the shares currently below 30p, more than 15% lower on the back of it...

STM Group – having in September stated looking to “round-off a solid performance for the year”, a “Trading Update”...

I previously wrote on STM Group (STM) in late 2017, concluding, with the shares having been recovering back above 40p, that with uncertainty together with the tardiness of its announcements, if I owned I’d currently sell and await further developments. Latest results in September included it looking to “round-off a solid performance for the year” – and “the cross border financial services provider, today provides the following update on trading” (not ‘pleased to provide’ then?)...

#STM Group – warns & also “outlook for 2020 will also be impacted by the slower new product revenue and the additional ongoing costs”

#STM Group – “steady growth” in underlying trading, confident of FY “in line with management's expectations”

This AIM Outfit that Doesn't Knock the Rock Might Be Worth a Peek

Hello, Share Pluggers. Listening to the radio today, I learned Gibraltar is gearing up nicely for Brexit. An incredibly reasonable spokesman for the big rock said it was hoping to forge friendlier links with Spain after the break-up. Recently, I’ve also picked up media reports that financial institutions, particularly insurance, are moving operations to Gibraltar, anticipating a financial boom.

STM Group – Gibraltar legal & regulatory issues, where now?

I previously wrote on cross-border financial services provider STM Group (STM) in March with the shares around 35p – this following I having last year suggested that those looking for a small speculation could do a lot worse at 38.5p and subsequently updating HERE and HERE. The shares were above 50p last month until Director Declaration and Inspectors Appointment announcements…

STM Group – updates on “Budget Changes” as shares hit hard

Having been above 50p, shares in cross-border financial services provider STM Group (STM) are currently down to around 35p on the back of the Budget including, what the company describes as, “significant charges and tax implications for some individuals considering taking out a ‘Qualifying Recognised Overseas Pension Scheme’ transfer from a UK pension scheme”…

#STM Group – updates on impact of the budget on its Qualifying Recognised Overseas Pension Schemes business

STM Group – full-year trading update, how’s recovery from H1 profit warning?

I concluded in August on shares in cross-border financial services provider, STM Group (STM) that for those looking for a small speculation, I reckon you could do a lot worse – and reiterated that in October. The company is now “pleased to announce a pre-close trading update”…

STM Group – following July profit warning, pricing model update…

I commented on cross border financial services provider STM Group (STM) following a profit warning in July and a trading & strategy update in August, concluding the latter - with the shares then at 38.5p - that for those looking for a small speculation, I reckon you could do a lot worse. The following updates with the shares at 48.5p on the back of a pricing model update…

STM Group – post profit-warning ‘Trading & Strategy Update’ review

Following a profit warning last month, shares in STM Group (STM) are currently 18.5% higher today, at 38.5p, on the back of a “Pensions trading & pricing strategy update”…

STM Group – “Trading & Corporate Update” = Profit Warning

A “Trading & Corporate Update” announcement from cross-border financial services group STM (STM) notes that “in April 2016, management took the decision to waiving the Qualifying Recognised Overseas Pension Scheme establishment fee for an initial trial period of six months, with the aim of driving new client business” and that “good progress has been made in generating these new relationships”. Good, good. You what though?, “the revenues generated within the first half of the year have not matched management's expectations with regards to the level of new business anticipated from our QROPS product”…