Thanks Balance,
I think I'll continue to accumulate and hope the price stays down while I do.
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I thought it was a pretty good result. The second half is always far better than the first half. Currently there is a real supply issue ,so prices are rising with a lot more margin and less discounting. Couple with a big drop in costs I’m expecting a very good year end result.
I was a happy buyer at 98c
https://www.stuff.co.nz/business/ind...ederation-saysQuote:
Originally Posted by Stuff in an article linked below
I wonder whether this will see a progressive shift to the use of steel rather than wood for this this structural building work. This would obviously help steel suppliers like STU.
whats to say that the same issues wont also come to the fore with steel and other supplies / services ? ;)
are there enough chippies & sparkies around to do what's needed ?
Last time - with CHCH recovery they were importing them from afar to fill the Skills gaps ..
Solid interest today, waiting for the real fireworks to begin
Got an email from S&T today telling me how it is better than wood for houses and things and infinitely recyclable and excellent for the environment.
Go do your bit for nature, the planet and my net worth by building with steel tubes.
Steady rise over past few days, next trading update whenever that is will be key driver.
Yes, great to see upward movement at long last. I am looking forward to the next trading update. Volumes seem quite healthy too.
Don’t think you’ve seen anything yet. Still well undervalued and only trading currently at NAV. It’s going to be a very good result however the lazy balance sheet needs addressing . 23 million in cash in the bank and no debt as at 31st of December. Expect over 30 million in the bank for end of year results. If they can’t find any acquisitions then Either a share buyback or special Dividend needs to be considered.
The STU price chart is encouraging, medium term a nice run up from $0.47 Covid low, consolidation short term around $1 and a bolt upwards this week above the 50MA on good volume. Indicators suggest the overhead resistance at $1.09/1.10 will be a near term test.
Long term, this monthly chart gives something to aspire to. For anyone holding STU the past 20 years, hopefully the dividends were worth it. It's a long haul back to $5
Attachment 12440
Disc: hold at 5% of portfolio and planning to add above $1.10. Been a while since last bought Jan 2012, sold Oct 2013.