Ill let you in on a bit of industry information.I own a business...

Ill let you in on a bit of industry information.

I own a business that directly competes with STG and i have to say that when we are trying to win clients and quote directly with STG 100% of the time we will win the contract.

STG have a very bad brand in the industry, everyone who works in events knows that they overcharge and dont provide a service that compares to most of the other competition.

The majority of the work that they get is from events run by people who are not really in touch with the industry or dont organise events as a profession.

Most of my large clients will straight out refuse to use STG and will happily go out of their way and even pay more for some items just to keep them away.

In fact, even Investec dont use STG for most of their events. (this might not be the case for all events but i know that investec use other companies on a regular basis)

Today STG sold Bytecraft for $15m, way too cheap. Bytecraft have a very high reputation throughout the world and are extremely good at what they do.

Bought by the largest production company in the world, this will now shake up the market.

As from an investment point of view, there are much better stocks in town. This business will never be where it was 10 years ago, the market has dramatically changed. Even the original founder of the company has a new company competing and taking venues.