STM (STM)

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171
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The cross border financial services provider.

13-Nov-2017 – 53.5p – £31.4m – PER 10.2

An Acquisition AND A Suspension – Go figure! Suspect the suspension is related in some way to the Previous Update On Budget Changes back in March, but I am guessing.

On the face of it, this looks like a decent company. Stockpedia also likes it, StockRank 96. Need to keep an eye on developments here before taking any kind of action, assuming it is re-admitted.

Subsequent note – Current CEO (Mr. Kentish) is being investigated for money laundering.

25-Jul-2018 – 58.5p – £34.4m – PER 9.18

Trading Update For H1 2018 – In-line.

Seeking a new Group Internal Auditor and a COO to allow the current CEO (who I believe is Mr. Kentish and is being investigated for money laundering), also in the final stages of adding a new Chairman and Non-Exec Director – This remains on my Avoid list whilst the musical chairs continues.

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