Last checked at 9 Jan 2015 13:24
- Home
- Share Prices
- AQSE Share Prices
- Euronext
- Stock Screeners
- Share Chat
- FX
- News & RNS
- Events
- Media
- Trading Brokers
- Finance Tools
- Members
Latest Share Chat
Stm Grp. Share News (STM)
STM Share
Price
STM Share
News
STM Share
Chat
STM Share
Trades
STM
Live RNS
STM Share
Charts
STM Level 2
Console
STM Live
Share Price
STM Broker
Ratings
STM Directors
Deals
STM Financial
Diary
STM
Fundamentals
STM Short
Positions
STM
Media
Stm Grp. Information
Share Price Information for Stm Grp. (STM)
Share Price is delayed by 15 minutes
Get Live Data
Share Price:
57.50
Bid:
55.00
Ask:
60.00
Change:
0.00 (0.00%)
Spread:
5.00 (9.091%)
Open:
57.50
High:
57.50
Low:
57.50
Prev. Close:
57.50
Last checked at -
Watchlists are a member only feature
Login to your account
Don't have an account? Click here to register.STM client numbers below expectations in Brexit aftermath
Wed, 13th Jul 2016 12:18
(ShareCast News) - STM Group, an international financial services provider, has had fewer clients sign up to their pension schemes than expected due to the uncertainty surrounding Brexit.The group's pension division particularly the Qualifying Recognised Overseas Pension Scheme (QROPS) has been the company's key growth driver over the last two years.In April, the group decided to change QROPS pricing structure in order to attract more clients. The establishment fee for an initial trial period of six months has been waved. The benefits of this outweigh the costs as each new client won has an expected fee generating life of 20-25 years.Despite a reasonable uplift in new QROPS applications in the last two months, the results did not match the management's expectations. The board attribute this to competitors' more aggressive pricing policies but more importantly the recent UK referendum.Uncertainty around the Brexit result has resulted in expatriates delaying their decision on whether to export their pension out of the UK into QROPS.However, the company believes the uncertainty can work in the firms favour in the future. "Now that the referendum outcome is known, and given the concerns about the UK economy, certain of our intermediaries believe that there is potential for an increase in QROPS applications by expatriates wishing to have more certainty on their pension benefits." The results of this uplift will most likely materilise later on in the year or the beginning of 2017.Interim chief executive Alan Kentish said: "It is still relatively early days to assess exactly how many new QROPS applications will result from the April pricing initiative however it has certainly put STM at the forefront of intermediaries' minds when they are advising their client base on the QROPS product."The group's expectations for the first half of the year are profit before tax at $1.2m and turnover at £7.9m, which is comparable with 2015 results. Meanwhile its balance sheet remains strong with net cash at £9m, which supports the recently announced dividend policy. Half year results ending 30 June 2016 will be released on 13 September 2016.Shares fell by 9.59% to 33p at 1210 BST on Wednesday.
More News
9 Jan 2015 12:31
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 more11 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 more17 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 more17 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 more17 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
3 Sep 2013 11:37
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 more8 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 more15 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