looks like a trendbreak on price today percy,
no volume support and other indicators yet to fire also.
V.
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looks like a trendbreak on price today percy,
no volume support and other indicators yet to fire also.
V.
Trends are more spectacular than the TA indicators...unfortunately :(
On closer observation the spectacular nature of this chart is dulled by the price column.. the big rises aren't that big as it looks.
However... the chart shows some great gap events and yesterdays gapped bound ascending triangle breakout ..spooky huh?
http://i458.photobucket.com/albums/q...TU04022011.png
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.
http://i602.photobucket.com/albums/t...usPB/STU28.gif
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.
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.
I agree, percy. The result was a touch above where I was expecting, but was a bit disappointed the outlook wasn't stronger. Then again, STU can be a bit like that and tend to be a bit more bumpy than others, so may surprise (either way!) at half year. Nice to see the big chunky div though - that won't go amiss.
Yes, Lizard, STU management seldom seem to see the glass more than half full, even at the best of times. Can hardly blame them given the unpredictable nature of their sector and business conditions generally. I thought it was a pretty good result and a realistic assessment of prospects.
Jeez the CEOs speech at the AGM was a bit sombre - I've heard more cheerful stuff at funerals
So half year $6-$7m almost 50% down on last year .... no matter the shareprice is starting to dive - so the charts only looked better for a little while
STU doing their best ..... like all associated with the construction/building industry hard to do bloody well when business is down 20% .... but the boom times have gone for a decade or more and outfits like STU need to understand that today level of activity is the new norm ... well maybe a bit better but not that much. I sense they recognise this and that is good
Just as well they have a controlling shareholder eh
[QUOTE=winner69;360731]Jeez the CEOs speech at the AGM was a bit sombre - I've heard more cheerful stuff at funerals
Guess there was no talk of increasing the director's fees.!!!!!!
The DomPost (James Weir) takes a different tone. Photo of CEO Dave Taylor is headed "Upbeat message".Quote:
Jeez the CEOs speech at the AGM was a bit sombre - I've heard more cheerful stuff at funerals
Different takes on the same information makes the market!
I try to attend as many meetings as I can,because I have found reports of meetings totally at odds with my view queit often.
I put this down to reporters not actually owning shares in companies they report on.They just do not have the owner's eye.
I value sharetraders reports on meetings they have attended for the same reason;"the owner's eye."
I was there at the AGM (representing a shareholder I was even though really an interested industry observer) and listened to the speeches and left before the sandwiches which probablyy would have been quite nice
Might have been upbeat about last year but was pretty sombre about the present and the next yearl Haven't seen the DomPost today for that photo of an upbeat Taylor but Weirs report doesn't read 'upbeat'
They'll be OK as long as shareholders (ie the market) doesn't expect miracles ... we all need to accept the new norm that (real) growth is a thing of the past
Have just run my dividend metric over STU.
2012F: 5.5c, 5.5c
2011: 9.0c, 6.0c
2010: 3.5c, 5.5c
2009: 9.0c, 10.0c
2008: 10.0c, 9.0c
-----
Average dps over the last 5 years is 12.5c
12.5/0.08= a share price of $1.56!
I am really shocked by this. STU is a very well run company and if they can't make money from construction then no-one can IMO. My formula says sell STU as it is currently significantly overvalued. My head tells me don't invest in any share that make their money from building stuff!
SNOOPY