I like it. Better than some of the virtue signalling donations or consultants to run team building from some companies. Good to see share option being offered. Not a bad way to encourage looking at 'your' company a bit differently.
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Not much love being shown by Mr Market for STU just a week after entitlements to the 3.29 cps unimputed Div closed .. ;)
Will it dive below the buck, or sink even lower ? ;)
Time for FBU to renew their takeover bid? What was it last time - something like $1.80?
Anyway - it appears building supplies and building companies (like e.g. STU, MPG, FBU) are currently all in some sort of "holding pattern". I would expect them to do well after this lock down ending ... and at some stage this should translate as well into a rerating of the share price.
$1.95 then they withdrew. Wonder what impact to FY22 lockdown will cause. Suspect FBU better off than the other two. Still lots of tailwinds.
I could not resist and topped up some more this morning. It’s a conviction buy and I believe one of the best buys on the market currently.
https://www.nzx.com/announcements/379522
Looks like independent director Stephen Reindler thinks they are a good buy as well. He topped up yesterday with a small parcel.
Nice to see divvy payment from them, but hate unimputed credits. So much tax on them.
They probably should've done done buy back, fat better use of funds imo.