お知らせ • Oct 29
STM Group Announces Cancellation of Shares Admission to Trade on AIM on 1 November 2024 Further to the announcement on 25 October 2024 and 10 October 2024, STM Group Plc (STM) and Jambo SRC Limited (Bidco) provided the following update to the Scheme Timetable. The only changes to the timetable since this was announced on 10 October 2024 are the date and time of the cancellation of admission to trading of, and dealings in, STM shares on AIM, which was originally stated as 7:30 a.m. on 31 October 2024, now corrected to 7 a.m. on 1 November 2024. This does not impact any of the other dates or times in the timetable. お知らせ • Oct 11
STM Group Announces Cancellation of Admission to Trading of and Dealings in its Shares on AIM by 7.30 a.m. on 31 October 2024 On 10 October 2023, the boards of directors of STM Group PLC (‘STM’ or the ‘Company’) and Jambo SRC Limited (‘Bidco’) announced that they had agreed the terms and conditions of a recommended cash acquisition of STM by Bidco, pursuant to which Bidco will acquire the entire issued, and to be issued, ordinary share capital of STM not already directly or indirectly owned by it (the ‘Acquisition’). It is intended that the Acquisition will be effected by means of a scheme of arrangement under Part X of the Isle of Man Companies Act 2006 (the ‘Scheme’). STM published its circular relating to the Scheme on 7 November 2023 (the ‘Scheme Document’) and announced on 6 December 2023 that 99.9% (and thus the requisite majorities) of STM Shareholders had approved the Scheme at the Court Meeting and General Meeting held on that day. Satisfaction of Regulatory Conditions: On 4 April 2024, STM and Bidco announced that the FCA had approved the regulatory change of control applications made by Pathlines Holdings Limited in relation to its acquisition of the SIPPS Companies. On 3 September 2024, STM and Bidco announced that the Gibraltar Financial Services Commission (‘GFSC’) has confirmed to Bidco and to STM that the GFSC has granted approval of Bidco's change of control application in their committee meeting of 2nd September. On 30 September 2024, STM and Bidco announced that the Malta Financial Services Authority (‘MFSA’) has confirmed that it is minded to grant conditional approval of Bidco's change of control application. The outstanding condition is for the provision of audited financial statements for the entity funding Jambo for year ended 31 March 2024, which are currently undergoing the ordinary cycle of audit approval, and is expected to be satisfied ahead of the Scheme Court Hearing. A further announcement will be made in due course. The Scheme Court Hearing to sanction the Scheme has been scheduled to be held at 2.30 pm on 29 October 2024, subject to the outstanding condition referred to above being satisfied. Last day of dealings in, or for registration of transfers of, and disablement in CREST of, STM Shares is 30 October 2024. The cancellation of admission to trading of, and dealings in, STM Shares on AIM by 7.30 a.m. on 31 October 2024. お知らせ • Oct 01
STM Group Plc to Report First Half, 2024 Results on Sep 30, 2024 STM Group Plc announced that they will report first half, 2024 results on Sep 30, 2024 お知らせ • Jun 27
STM Group Plc Omits to Pay Final Dividend for the Year Ended December 31, 2023 The board of STM Group Plc has taken the decision not to declare a final dividend for the year ended December 31, 2023 (2022: 0.60 pence). お知らせ • Oct 11
STM Group to Make an Application for the Cancellation of Admission to Trading of its Shares on AIM The board of Jambo SRC Limited (Bidco) and the Independent STM Group PLC Directors announced that they have reached agreement on the terms of a recommended offer pursuant to which Bidco will acquire the entire issued and to be issued ordinary share capital of STM (the "Acquisition"). Prior to the Scheme becoming effective, STM shall make an application for the cancellation of admission to trading of the STM Shares on AIM, to take effect from or shortly after the Effective Date. The last day of dealings in STM Shares on AIM is expected to be the Business Day immediately prior to the Effective Date and no transfers shall be registered after 6.00 p.m. on that date. Reported Earnings • Oct 01
First half 2023 earnings released: EPS: UK£0.002 (vs UK£0.005 in 1H 2022) First half 2023 results: EPS: UK£0.002 (down from UK£0.005 in 1H 2022). Revenue: UK£13.2m (up 17% from 1H 2022). Net income: UK£100.0k (down 67% from 1H 2022). Profit margin: 0.8% (down from 2.7% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. お知らせ • Sep 28
STM Group plc Suspends Payment of Interim Dividend Board of STM Group Plc has taken the decision not to declare an interim dividend for the current period (2022: interim dividend of 0.6p declared and subsequently paid). New Risk • Jul 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 24% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (24% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.5% net profit margin). Market cap is less than US$100m (€32.3m market cap, or US$36.0m). お知らせ • Jul 12
PSF Capital GP II Limited agreed to acquire STM Group Plc (AIM:STM) for £40.8 million. PSF Capital GP II Limited agreed to acquire STM Group Plc (AIM:STM) for £40.8 million on July 11, 2023. Under the terms, £0.7 per share in cash will be paid. Matt Goode, Emily Watts Henrik Perssonof finnCap Ltd acted as financial advisor to STM Group. Board of STM Group recommended the offer to shareholders of STM Group. Offer is subject to approval from inancial Services Authority and The Pensions Regulator. お知らせ • Jun 29
STM Group Plc Proposes Final 2022 Dividend, Payable on 19 September 2023 STM Group Plc proposed a final 2022 dividend of 0.60 pence (2021: 0.90 pence), having taken into account the impact of some exceptional costs in the first half year of 2023. Subject to approval at the Company's Annual General Meeting to be held on 22 August 2023, the final dividend will be paid on 19 September 2023 to shareholders on the register at the close of business on 1 September 2023. The ordinary shares will be marked ex dividend on 31 August 2023. New Risk • Jun 29
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.5% Last year net profit margin: 7.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.5% net profit margin). Market cap is less than US$100m (€17.2m market cap, or US$18.8m). Reported Earnings • Jun 28
Full year 2022 earnings released: EPS: UK£0.014 (vs UK£0.029 in FY 2021) Full year 2022 results: EPS: UK£0.014 (down from UK£0.029 in FY 2021). Revenue: UK£24.1m (up 7.8% from FY 2021). Net income: UK£844.0k (down 52% from FY 2021). Profit margin: 3.5% (down from 7.8% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. お知らせ • Jun 27
STM Group Plc, Annual General Meeting, Aug 22, 2023 STM Group Plc, Annual General Meeting, Aug 22, 2023. お知らせ • May 05
STM Group plc Announces CFO Changes STM Group Plc announced Therese Neish's twelve-month contract as interim CFO will come to an end in early October and as such the process to find her replacement is underway. A further update on this will be provided in June. Therese will remain on the Board to oversee the audit and sign the financial statements and thereafter will resign from the Board, expected to be on or around 1 July 2023. Buying Opportunity • May 05
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be €0.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 45%. お知らせ • Jan 27
STM Group plc Appoints Peter Smith as an Independent Non-Executive Director The Board of STM Group Plc announced the appointment of Peter Smith as an independent Non-Executive Director of STM with immediate effect. Peter will Chair the Audit & Risk Committee and be a member of the Remuneration Committee. Peter is a Chartered Accountant and has extensive experience in the financial services sector. Peter was Chief Financial Officer of Lighthouse Group plc from 2008 until 20219 when the business was acquired by Quilter plc. Most recently, Peter has been an adviser to Quilter in respect of its integration of Lighthouse Group Plc. Between 2005-2008, Peter was Chief Financial Officer of Sumus Plc, another quoted financial services business, which was subsequently acquired by Lighthouse. Prior to this,Peter held a number of senior finance roles, including corporate finance partner at KPMG. Buying Opportunity • Jan 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.9%. The fair value is estimated to be €0.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 45%. お知らせ • Jan 19
STM Group Plc Provides Unaudited Earnings Guidance for the Year Ended December 31, 2022 STM Group Plc provided unaudited earnings guidance for the year ended December 31, 2022. For the period, the company expects revenue to be £24.1 million. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Graham Kettleborough was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 15
First half 2022 earnings released: EPS: UK£0.005 (vs UK£0.013 in 1H 2021) First half 2022 results: EPS: UK£0.005 (down from UK£0.013 in 1H 2021). Revenue: UK£11.3m (flat on 1H 2021). Net income: UK£305.0k (down 62% from 1H 2021). Profit margin: 2.7% (down from 7.0% in 1H 2021). お知らせ • Sep 14
STM Group Plc Declares an Interim Dividend, Payable on 16 November 2022 The board of STM Group Plc has declared an interim dividend of 0.60 pence per share which is in line with the prior year. The interim dividend is expected to be paid on 16 November 2022 to those shareholders on the register on 21 October 2022. The ordinary shares will become ex-dividend on 20 October 2022. Board Change • Sep 03
Less than half of directors are independent Following Non-Executive Chairman Nigel Birrell's arrival on 01 September 2022, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman Duncan Crocker was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. お知らせ • Sep 02
STM Group Plc (AIM:STM) completed the acquisition of UK Portfolio of SIPP and SSAS from Mercer Limited. STM Group Plc (AIM:STM) agreed to acquire UK Portfolio Of SIPP And SSAS from Mercer Limited for £3.34 million on July 26, 2022. The acquisition will be funded from existing financial resources and the remaining available debt facility previously arranged with the Group's bank. The acquisition is not subject to regulatory approval as STM is not acquiring the regulated entities themselves, however both parties have kept the FCA informed of progress throughout the transaction process. The portfolio generated some £0.87 million EBIT for the last financial year ended December 2021. Completion is planned for August 31, 2022.
STM Group Plc (AIM:STM) completed the acquisition of UK Portfolio of SIPP and SSAS from Mercer Limited on September 1, 2022. お知らせ • Jul 27
STM Group Plc (AIM:STM) agreed to acquire UK Portfolio Of SIPP And SSAS from Mercer Limited for £3.34 million. STM Group Plc (AIM:STM) agreed to acquire UK Portfolio Of SIPP And SSAS from Mercer Limited for £3.34 million on July 26, 2022. The Acquisition will be funded from existing financial resources and the remaining available debt facility previously arranged with the Group's bank. The Acquisition is not subject to regulatory approval as STM is not acquiring the regulated entities themselves, however both parties have kept the FCA informed of progress throughout the transaction process. The portfolio generated some £0.87 million EBIT for the last financial year ended December 202. Completion is planned for 31 August 2022. お知らせ • Jun 09
Stm Group plc Recommends Final Dividend for 2021 STM Group Plc recommended the payment of a final dividend of 0.90 pence per share (2020: 0.85 pence per share), This together with the interim dividend paid of 0.60 pence in November 2021 (2020: 0.55 pence) makes a proposed total dividend for the year of 1.50 pence per share (2020: 1.40 pence). Subject to approval at the Company's Annual General Meeting to be held on 4 August 2022, the final dividend will be paid on 19 August 2022 to shareholders on the register at the close of business on 1 July 2022. The ordinary shares will be marked ex-dividend on 30 June 2022. お知らせ • Jun 08
STM Group Plc, Annual General Meeting, Aug 04, 2022 STM Group Plc, Annual General Meeting, Aug 04, 2022. Agenda: To consider dividend proposal. お知らせ • Jun 06
STM Group Plc to Report Fiscal Year 2021 Final Results on Jun 08, 2022 STM Group Plc announced that they will report fiscal year 2021 final results on Jun 08, 2022 Board Change • Nov 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Independent Non-Executive Chairman Duncan Crocker was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. COO & Director Peter Marr was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 16
First half 2021 earnings released: EPS UK£0.013 (vs UK£0.014 in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: UK£11.4m (down 3.6% from 1H 2020). Net income: UK£800.0k (down 7.1% from 1H 2020). Profit margin: 7.0% (down from 7.3% in 1H 2020). The decrease in margin was driven by lower revenue. お知らせ • May 13
STM Group Plc Recommends the Payment of Final Dividend, Payable on 30 June 2021 The Board of STM Group Plc is recommending the payment of a final dividend of 0.85 pence per share (2019: 0.75 pence per share), an increase of 13% from prior year. This together with the interim dividend paid of 0.55 pence in November 2020 (2019: 0.75 pence) makes a proposed total dividend for the year of 1.40 pence per share (2019: 1.50 pence). Subject to approval at the Company's Annual General Meeting to be held on 24 June 2021, the final dividend will be paid on 30 June 2021 to shareholders on the register at the close of business on 28 May 2021. The ordinary shares will be marked ex-dividend on 27 May 2021. Reported Earnings • May 12
Full year 2020 earnings released: EPS UK£0.027 (vs UK£0.063 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: UK£24.0m (up 3.1% from FY 2019). Net income: UK£1.78m (down 53% from FY 2019). Profit margin: 7.4% (down from 16% in FY 2019). The decrease in margin was driven by higher expenses. お知らせ • May 11
Imperium Trust Company Limited acquired Jersey Based Trust And Company Services Businesses Of STM Group Plc from STM Group Plc (AIM:STM) for £1.9 million. Imperium Trust Company Limited acquired Jersey Based Trust And Company Services Businesses from STM Group Plc (AIM:STM) for £1.9 million on May 8, 2021. Under the agreement £1.26 million will be paid on completion and remaining £0.6 million will be paid after six months of completion. Additional consideration payment of 50% of any revenue surplus above £1.15 million of revenue. During 2020, Jersey Based Trust And Company Services Businesses generated the revenues of £1.48 million. The deal has been approved by Jersey Financial Services Commission. The sale proceeds will further contribute towards funding organic growth opportunities and build on the cash resources available for further M&A activity for STM Group Plc. Matt Goode,Emily Watts, Tim Redfern and Richard Chambers of FinnCap Ltd acted as financial advisor to STM Group Plc.
Imperium Trust Company Limited completed the acquisition of Jersey Based Trust And Company Services Businesses Of STM Group Plc from STM Group Plc (AIM:STM) on May 8, 2021. お知らせ • Apr 16
STM Group Plc Provides Earnings Guidance for the Year 2020 STM Group Plc provided earnings guidance for the year 2020. For the year, the company expects to report 2020 Revenues of £24.0 million.