Simon Thompson 

STM hit by new business slowdown and higher costs

Simon Thompson

Simon Thompson

I was taken aback this morning by the trading update from Aim-traded STM (STM:31.5p), a company that is expanding both its UK and international self-invested personal pensions (Sipps) operations. I interviewed the directors at length at the time of the interim results in mid-September when I rated the shares a buy at 42p (‘STM cashed up for acquisitions and organic expansion’, 10 September 2019). 

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