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PUT BACK on WATCH LIST..
BRICKS visited STU today and is most impressed with the outcome well maintained buildings
not like the old days they are taking a bit of a beating just at present but the two things going for them One Steel wants to BUY & they pay DIVIDENDS..
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Yes, I agree with that.
STU is one of my income stocks and a classic cyclical IMO.
Ideally, I should be lightening off at the peak of the cycle ( SP and economic activity) and loading up at times like these. I never do, of course, but it's still a good earner even when times are tight.
Might still buy a few more but there are so many other girls to kiss and I'm still only grudgingly parting with my cash.
Last edited by macduffy; 02-04-2009 at 06:29 PM.
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Now $2.15. FY result out today and puts it on P/E of about 19. Not that they're in bad shape, just a great example of a cyclical. Heavily dependent on capex, especially in commercial building and rural (dairy sheds). Hard to see much pick up for a while. In another year or so, maybe everyone will have forgotten about how much money they make in a boom and it will be time to buy. After all, they are "well-positioned for the future", eh Percy?
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Originally Posted by Lizard
Now $2.15. FY result out today and puts it on P/E of about 19. Not that they're in bad shape, just a great example of a cyclical. Heavily dependent on capex, especially in commercial building and rural (dairy sheds). Hard to see much pick up for a while. In another year or so, maybe everyone will have forgotten about how much money they make in a boom and it will be time to buy. After all, they are "well-positioned for the future", eh Percy?
You are as allways, exactly right Lizard.Well run company,with strong balance sheet.A good company to have on watch list.
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STU Chart Update.
This chart shows any STU "Buy" signals, Bullish Divergences and positive indicators.
STU appears to be on the verge of a trendline break.
Note that this is an unconfirmed trendline.
Vtrader notes that there is no volume support and other indicators are yet to fire.
That's the good news.
The bad news is that STU is still in a 6 year downtrend.
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Hoop, thank you.
Phaedrus,thank you.I saw the long term down trend,but thought it may have turned. I suppose I was looking to buy.Was not sure,.so very much appriciate your guidance.
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A solid result from STU with half year underlying profit of around $8m, giving full year NPAT of $17m, an increase of 168% on the previous year.
SP up 2c.
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