STU - Steel & Tube Holdings

[X-men]

Juicy dividend in today...

[bull....]

Juicy dividend in today...

yes nice more than enough to pay for some beers and lap dances

[X-men]

We should go together for lap dance... mermaid??

[bull....]

We should go together for lap dance... mermaid??

sailor rob still owes yuou lap dance , ill be there when he pays up

[winner69]

Acquired a fleet of trucks and trailers and taken on the drivers

Earnings accretive they say …that’s good

http://nzx-prod-s7fsd7f98s.s3-websit...311/417594.pdf

[Jenny Ruth]

Hi all. I published an additional column this morning on my Substack, Just the Business, looking at Steel & Tube's latest acquisition with the headline: Steel & Tube's trucking purchase is all about “the last mile”
You can find it here: https://substack.com/@justthebusinessjennyruth

[winner69]

From Stats Nz - In the March 2024 quarter, the actual volume of ready-mixed concrete produced was down 12 percent compared with the March 2023 quarter…….been double decline for 4 quarters in a row now

Market remains subdued and challenging in STUspeak

Mark said last update there will be some easing of macro trends supporting increased activity from Q4 FY24….(that being this June Qtr )

Doubt whether that’s going to happen

Note: OK steel often goes where concrete doesn’t but there’s a strong correlation between ST sales and concrete production ….and STU often quote quote such economic indicators

[winner69]

Fletchers profit downgrade today noted weaker revenues and gross margin pressure in Steel, where end markets have been particularly soft.

Not surprising

[winner69]

STU must be due to come out with some guidance. Financial nearly over so must have a good feel for how much they going to make.

No guidance and Mark won’t be able to come out and say ‘upper end of guidance’ when the result is printed.

Last indication was that they were looking forward to “increased activity from Q4 FY24”

So here’s hoping