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Pin to quick picksStm Grp. Share News (STM)

Share Price Information for Stm Grp. (STM)

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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
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STM Group numbers slip as it acquires London & Colonial

Tue, 13th Sep 2016 14:23

(ShareCast News) - Multi-jurisdictional financial services company STM Group announced its unaudited interim results for the six months to 30 June on Tuesday, with revenue down to £7.9m, compared with £8.3m a year ago.The AIM-traded firm's EBITDA for the period was £1.3m, down from £1.6m, and profit before tax fell to £1.2m from £1.4m.Earnings per share more than doubled to 2.27p, from 1.38p, however, with net cash generated from operations of £2.3m continuing to outstrip profitability, rising from £2.2m.STM's balance sheet remained strong with cash balances increased to £9.3m from £7.1m, well in excess of its regulatory capital requirements.The company's board declared an interim dividend of 0.5p per share."As previously notified, trading in the first four months of the year ultimately fell short of management's expectations, and has thus impacted on our profitability in the first six months," said CEO Alan Kentish."However, I am encouraged by how the pricing initiative implemented by the board during April has resulted in a significant pick-up of new business, with an increase of 78% in monthly new QROPS applications from April to August compared to the average number of applications received in the first four months."This translates into a greater long-term recurring predictable revenue stream, thus generating enhanced shareholder value," he explained.Kentish said the company's focus continued to be to increase its worldwide intermediary network for both its mainstream pensions and life bond products, whilst at the same time looking at strategic opportunities to cater for the niche expatriate sector."I look forward to updating the market in due course on the above."At the same time, STM Group announced it has entered into a conditional agreement with the majority shareholders of London & Colonial Holdings to acquire its entire issued share capital, as well as its subsidiaries for a consideration of up to £5.385m.London & Colonial is a service-led independent financial services group with its head office in Haywards Heath, UK, offering SIPP products in the United Kingdom, Qualifying Recognised Overseas Pension Schemes in Gibraltar and with an insurance business based in Gibraltar.
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11 Sep 2018 15:00

STM Group posts decent first-half performance

(Sharecast News) - Financial services company STM Group released its unaudited interim results for the six months ended 30 June on Tuesday, reporting a 6% improvement in revenue year-on-year to £10.8m.

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11 Sep 2018 13:15

STM Group Half Year Profit Falls After One-Off 2017 Acquisition Boost

LONDON (Alliance News) - STM Group PLC on Tuesday said its profit dropped in the first half of the year due to the release of an insurance reserve from a prior year acquisition.The services

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3 Sep 2018 12:12

STM Appoints Former Legal & General Unit Director As Non-Exec Chairman

LONDON (Alliance News) - STM Group PLC on Monday said it appointed Duncan Crocker as non-executive chairman, with immediate effect.The financial services provider said Crocker has spent his

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10 Aug 2018 08:33

STM Group Appoints Graham Kettleborough As Non-Executive Director

LONDON (Alliance News) - Cross-border financial services provider STM Group PLC said Friday that it has appointed Graham Kettleborough as an independent non-executive director with immediate was a

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25 Jul 2018 12:50

STM Group First Half Performance In Line With Management Expectations

LONDON (Alliance News) - Cross border financial services provider STM Group PLC said on Wednesday that its performance in the first half of 2018 has been in line with management strong performance

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25 Jul 2018 09:39

STM remains confident of metting full-year goals

(Sharecast News) - Financial services provider STM said the first half of its trading year had progressed in line with management's expectations, underpinned by its underlying recurring revenue stream and a steady flow of new business.

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4 May 2018 12:33

DIRECTOR DEALINGS: STM Group Executive Sells Entire Stake

LONDON (Alliance News) - Financial services provider STM Group PLC said Friday that Lynette Chaudhary, international tax director of unit STM Fiscalis Ltd, sold all her shares in the sold 40,000

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3 Apr 2018 09:39

UPDATE 1-Tech, trade fears weigh on European shares

* STOXX 600 down 1 pct * Tech sector falls 1.6 pct * Chipmakers STMicro, Infineon, ams tumble * Sodexo drops on downgrade * Mediaset jumps after Sky deal (Updates adds

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3 Apr 2018 08:36

Tech, trade fears weigh on European shares

(For a live blog on European stocks, type LIVE/ in an Eikon news window) LONDON, April 3 (Reuters) - European stocks tumbled on Tuesday as investors entered the second

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27 Mar 2018 11:00

New Self-Invested Personal Pension Product Boosts STM Group Revenue

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

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22 Mar 2018 17:40

UPDATE 2-European shares suffer as trade jitters, weak data weigh

* STOXX 600 down 1.6 pct to 2-week low * Banks, miners, tech lead sectoral fallers * Reckitt gains after pulling out of Pfizer race (Adds details, closing prices) By Helen and

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22 Mar 2018 09:44

UPDATE 1-Trade jitters send European shares to two-week low

* STOXX 600 down 0.8 pct to 2-week low * Tech biggest faller as U.S. tariffs on China loom * Banks also suffer declines after less hawkish -

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12 Jan 2017 09:37

STM Group trades in line with market expectations

(ShareCast News) - Cross-border financial services provider STM Group announced a pre-close trading update on Thursday, with the board reporting that the group traded in line with market expectations of profit before tax of £2.7m for 2016 - precisely in line with 2015's result. The AIM-traded firm s

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25 Oct 2016 08:03

STM Extends Zero-Establishment-Fee Policy For Popular Pension Product

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21 Oct 2016 07:59

STM Group completes £5.3m London & Colonial acquisition

(ShareCast News) - AIM listed financial services provider STM Group has completed the acquisition of rival London & Colonial Holdings, ahead of the expected timeline, for about £5.3m in order to enter the self-invested personal pension (SIPP) market. The acquisition is to be financed from STM's cash

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