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STM Group – having in September stated looking to “round-off a solid performance for the year”, a “Trading Update”...

By Steve Moore | Wednesday 27 November 2019

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

I previously wrote on STM Group (STM) in late 2017, concluding, with the shares having been recovering back above 40p, that with uncertainty together with the tardiness of its announcements, if I owned I’d currently sell and await further developments. Latest results in September included it looking to “round-off a solid performance for the year” – and “the cross border financial services provider, today provides the following update on trading” (not ‘pleased to provide’ then?)...

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