STU - Steel & Tube Holdings

[winner69]

Both CEO and CFO see good value in here by buying 10K parcels on market, nice token of endorsement.

Wonder how many Malpass bought

STU needs to take more care with their announcements .....not the first time something was wrong

Maybe idicative of culture at STU ...... bit careless and not enough concentration .... hope the guy doing quotes takes more care

[percy]

http://nzx-prod-s7fsd7f98s.s3-websit...642/372677.pdf

[winner69]

http://nzx-prod-s7fsd7f98s.s3-websit...642/372677.pdf

Is Ngaire his wife / partner?

[percy]

Is Ngaire his wife / partner?

Wife...............................

[sb9]

From a low of 1.18 intra day to close at 1.28, nice recovery.

[percy]

From a low of 1.18 intra day to close at 1.28, nice recovery.

I was going to top up yesterday at $1.26,the same price the CEO and CFO added to their holdings,but didn't.
Today I watched the share price drop and hit the buy button at $1.20, which caused the share price to drop to $1.18...lol.
I thought here we go again..!!!!
So pleasantly surprised to see the strong finish.
According to DB site STU's PE is 8.13 and their yield is 6.87%...At sp of $1.28.
Latest update was excellent with a very strong out look.
Bought for my long term dividend portfolio.

[Balance]

STU stood the bear market test today. Augers well for the year ahead.

[Beagle]

Cyclical's do not make reliable dividend payers over the medium to long term. Just ask AIR shareholders LOL

[percy]

Cyclical's do not make reliable dividend payers over the medium to long term. Just ask AIR shareholders LOL

Well I do not believe it is as cyclical as some people think.
Attached is their latest shareholder newsletter.Judge for yourself.
You could call it a building sector staple.?..lol.
http://nzx-prod-s7fsd7f98s.s3-websit...518/372546.pdf

GROWTH TRAJECTORY
• We have a clear focus of
investment in high margin
products and customer segments
• We are currently commissioning
new plate processing equipment
in Auckland which will allow us to
grow in this higher margin market
• We have also introduced a
number of new high value
products and have a pipeline of
further opportunities to support
our continued revenue growth
• Looking forward, our larger
customers are generally reporting
solid forward workloads with
strong infrastructure markets and
a steady manufacturing sector,
partially offset by the expectation
of a softening residential market
in the second half of FY23

[Beagle]

History is against you with this company. I firmly believe history is the very best guide to the future. I also believe the housing market is going to crash not "soften". Jury is out on how enduring the infrastructure spending will be.
You can currently get 9-10% gross yields with some companies with a long and well proven dividend history that are recession proof, good example is GNE.
Good luck.