Simon Thompson 

STM priced for a rerating

Simon Thompson

Simon Thompson

Analysts have pushed through earnings upgrades for Aim-traded STM (STM:44p), a company that is expanding both its UK and international self-invested personal pensions (Sipps) operations, following the company’s pre-close trading update last month. However, the shares have yet to react, possibly a reflection of the complex nature of the statement itself. Indeed, I have been asked by several readers to shed some light on it.

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