Simon Thompson 

STM in bargain basement territory

Simon Thompson

Simon Thompson

The share price of Aim-traded STM (STM:55p), a company that primarily administers offshore pensions and is expanding both its UK and international self-invested personal pensions (Sipps) operations, has drifted back since I covered the half-year results (‘STM delivers strong growth’, 11 Sep 2018), albeit the holding is still showing a total return of 71 per cent since I initiated coverage (Tapping into a pensions payday’, 27 Apr 2015). This has created a repeat buying opportunity well worth exploiting, especially as a pre-close trading update confirmed that STM is trading well, and is likely to continue to do so.

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