Quote Originally Posted by Snoopy View Post
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
I have to unfortunately agree with you.Appears an extremely well run company ,can't go against the trend,yet a poorly run company in the right sector at the right time can make a good profit.I am thinking of Dominan Finance who's five year record looked great until a down turn and we saw all the figures were false.Nice to see well run SCY report a great profit today.Only wish I still held some,as I sold out of all retail stocks,except one disaster in Aussie.!