Full-year results to 31 December 2020 show the value of recurring revenues amid the global pandemic, bolstered by technology investment permitting improved operational efficiency. The flexible annuity pipeline remains significant, though the pandemic has caused slow conversion of leads. A UK-focussed acquisition pipeline continues to form a key part of the investment thesis and a post-period exit from the trusts sector has freed up capital to allow the company to pursue this strategy with the re ....
11 May 2021
STM - A challenging but progressive year
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STM - A challenging but progressive year
STM Group PLC (STM:LON) | 57.5 0 0.0% | Mkt Cap: 34.2m
- Published:
11 May 2021 -
Author:
Cavendish Research -
Pages:
10
Full-year results to 31 December 2020 show the value of recurring revenues amid the global pandemic, bolstered by technology investment permitting improved operational efficiency. The flexible annuity pipeline remains significant, though the pandemic has caused slow conversion of leads. A UK-focussed acquisition pipeline continues to form a key part of the investment thesis and a post-period exit from the trusts sector has freed up capital to allow the company to pursue this strategy with the re ....