Less Ads, More Data, More Tools Register for FREE

Pin to quick picksStm Grp. Share News (STM)

Share Price Information for Stm Grp. (STM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 57.50
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 5.00 (9.091%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 57.50
STM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

New Self-Invested Personal Pension Product Boosts STM Group Revenue

Tue, 27th Mar 2018 11:00

LONDON (Alliance News) - Financial services firm STM Group PLC on Tuesday reported 42% growth in annual profit, as a new self-invested personal pension product boosted revenue growth.

The company delivered 2017 pretax profit of GBP4.0 million, up from GBP2.8 million in the previous year. Revenue increased 24% to GBP21.5 million from GBP17.4 million.

The company's pensions business recorded total revenue of GBP10.2 million, up from GBP9.2 million in 2016. The business accounted for 47% of total group revenue.

As predicted since the UK Spring Budget, company's Gibraltar operation has seen almost no new business with regards to Roll Over Protection Systems, whilst Malta is now only receiving new business from the European Economic Area.

"Conversely, UK Self-Invested Personal Pension business has become the focus of new business growth. In detail, for the nine months following the Budget, new business numbers were 217 ROPs administered by our Malta and Gibraltar offices and 755 SIPPs administered from our UK operations," the company said.

STM declared a final dividend of 1.2 pence per share, up from 1.0 pence of the previous year. This together with the interim dividend paid of 0.6p in November makes a total dividend for the year of 1.8p per share, up from 1.5p paid in 2016.

Looking ahead, expectations are that 2018 new business volumes, and client retention rates will remain in line with those of 2017 post the UK budget, STM said.

"In addition, we continue to seek earnings enhancing acquisitions in the ROPS and UK SIPP sector. We are confident in the group's prospects and that we will deliver trading results in line with our previous management expectations for the new financial year. Furthermore, our key deliverable for the current year is to continue to build on our governance framework and to place more reliance on IT efficiencies," said Chief Executive Alan Kentish.

Shares in STM were up 2.1% at 53.60 pence per share on Tuesday.

More News
9 Jan 2015 13:24

UK DIRECTOR DEALINGS SUMMARY: Boohoo Board Buys After Profit Warning

Read more
9 Jan 2015 12:31

DIRECTOR DEALINGS: STM Group CFO Buys 170,200 Shares

Read more
9 Sep 2014 10:48

UK MIDDAY BRIEFING: Petra Diamonds Surges On "Exceptional" Discovery

Read more
9 Sep 2014 10:44

UK WINNERS & LOSERS: Shell, BP Down As Brent Oil Stays Below USD100

Read more
9 Sep 2014 08:32

STM Group Profit Almost Doubles As It Targets Financial Advisers

Read more
4 Jul 2014 16:30

Daily Mail General Trust's Chairman sells £15.91m-worth of shares

Viscount Rothermere, the Chairman of Daily Mail and General Trust, has traded in £15.91m-worth of shares in the multi-media and information company. Selling the stock at 860p a piece, Rothermere benefited from the rise seen in the group's share price this week, which has seen it climbed 5.56%, or

Read more
4 Jul 2014 09:12

DIRECTOR DEALINGS: STM Group Directors Buy From Selling Shareholder

Read more
11 Mar 2014 13:07

STM Group Swings To Profit; Continues To Review Dividend Policy

LONDON (Alliance News) - Financial services business STM Group PLC said it swung to profit in 2013, boosted by its pensions division. AIM-listed STM, which provides financial management to high-net-worth individuals, posted pretax profit of GBP269,000 for the year, compared with a loss of G

Read more
17 Jan 2014 15:16

STM Group appoints CFO

Financial services company STM Group has appointed Therese Neish as Chief Financial Officer (CFO) with immediate effect. She replaces Alan Kentish who has been appointed as Director of Product and Business Development. Niesh has been with the company since 2003 after training with KPMG. She spent

Read more
17 Jan 2014 09:06

STM Group Promotes Therese Neish To CFO Job

LONDON (Alliance News) - STM Group PLC Friday said it has appointed insider Therese Neish as chief financial officer with immediate effect, replacing Alan Kentish who was recently appointed as the company's director of product and business development. Neish joined the company 10 years ago,

Read more
17 Jan 2014 08:13

UK MORNING BRIEFING: Shares Open Higher Despite Shell Warning

LONDON (Alliance News) - UK shares have opened higher Friday despite negative news from two FTSE 100 companies, Royal Dutch Shell and Shire.

The oil major issued a profit warning, and the pharmaceutical firm said it will book a loss on the sale of

Read more
3 Sep 2013 11:37

STM Group Margins Increase As It Reduces Bank Loans

Read more
21 Dec 2011 12:29

STM shares plunge on profit warning

STM Group, which provides financial sevices to the rich and famous, has issued a profit warning after economic conditions made clients cut back on its products. Revenue for the second half of 2011 is expected to be below management's expectations, prompting a big sell off of its shares, which pushe

Read more
8 Mar 2011 12:58

STM prepares fireworks for 2011

STM, the cross-border financial services firm, more than doubled profits in 2010, in line with expectations, and "two little fireworks" could make 2011 a winning year. The company, which helps individuals and businesses with tax, legal, trust and pensions needs, made £1.5m before tax and after exch

Read more
15 Sep 2010 16:35

London close: Lower close as rally falters

Footsie closed a few points in the red Wednesday as a rally brought about by an improvement on Wall Street lost momentum. The US had a weak start following poorly-received manufacturing figures but sentiment recovered as trading progressed. Here, BP was lower in line with weaker oil prices, with t

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.