STU - Steel & Tube Holdings

[winner69]

stock price attracting some interest recently........... maybe on upcoming div ?

Really positive last week or so

Can’t see why …..maybe just punters getting excited and believing in this huge future infrastructure spend talk …which probably won’t happen to the degree the punters think

[bull....]

Really positive last week or so

Can’t see why …..maybe just punters getting excited and believing in this huge future infrastructure spend talk …which probably won’t happen to the degree the punters think

think some of there input costs have improved recently. if so be good for margins looking ahead. im watching these parts in there upcoming result

New growth initiatives account
for 10% of Distribution EBIT and
offer opportunities for growth
and expansion
+ Launch and expansion of
aluminium product range from
March 2023, with demand growing
month on month
+ First full year of enhanced plate
processing service offer, with
EBIT increasing by 70% in a short
period and plans for further
expansion
+ Fasteners NZ (acquired July
2021) continues to outperform,
providing a strong complement to
the Fortress Fasteners brand
+ Kiwi Pipe and Fittings (acquired
August 2022) performing in line
with expectations and geographic
expansion delivering growth

[winner69]

Suppose this is a profit upgrade …or things were not quite as bad as we thought with Normalised EBIT (whatever that is) only down 48% on last year rather than more than 50%

http://nzx-prod-s7fsd7f98s.s3-websit...573/411891.pdf

[percy]

Suppose this is a profit upgrade …or things were not quite as bad as we thought with Normalised EBIT (whatever that is) only down 48% on last year rather than more than 50%

http://nzx-prod-s7fsd7f98s.s3-websit...573/411891.pdf

Excellent profit upgrade,and pleasing seeing stock reduced while cash pile increased.

[winner69]

Excellent profit upgrade,and pleasing seeing stock reduced while cash pile increased.

…hey percy …..you forgot to mention the cost savings

[winner69]

Relief all round …share price over $1.20 tomorrow I reckon

[bull....]

very nice update.
big cash pile building and specifically mentioned M&A under consideration

[bull....]

"Most helpfully for the RBNZ, construction sector respondents now expect just 2.3% cost inflation over the next three months, the lowest across the five sectors and a sharp fall from the peak of 7.8% in mid-2022," Zollner said.
Reported wage increases versus a year earlier were flat but are trending lower. Average expected wage settlements over the next 12 months fell slightly but appear to be flattening out.
Zollner said the surge in residential construction intentions over the past year had been "startling", but it "ran out of puff this month".
"It nonetheless suggests that dwelling consents and residential construction are about to find a floor."

https://www.interest.co.nz/business/...80%99s-working

[X-men]

Nice and juicy 4c a share coming up again?

[bull....]

Nice and juicy 4c a share coming up again?

hope so. was saying a while ago inputs cost look to be improving and now rolled coil prices look like they are steadying so hopefully STU will confirm that bottom of cycle reached expectations going forward look better