STU - Steel & Tube Holdings

[Scrunch]

Starting to look bloody cheap with recent professional? valuations of $1.70 and $1.95.

But what we don't know is the value of the gains expected from combining STU / Fletcher and what proportion of these were estimated to be retained by FBU / provided to STU shareholders through a higher offer. These could have been a tiny portion of the prices which makes the current share price cheap. If there were a lot of assumed synergies, current prices can still be consistent with these offer prices.

IMO STU management needs to get some runs on the board towards delivering their new strategy.

[Justin]

But what we don't know is the value of the gains expected from combining STU / Fletcher and what proportion of these were estimated to be retained by FBU / provided to STU shareholders through a higher offer. These could have been a tiny portion of the prices which makes the current share price cheap. If there were a lot of assumed synergies, current prices can still be consistent with these offer prices.

IMO STU management needs to get some runs on the board towards delivering their new strategy.

If it is the value gains from combining STU / Fletcher，that's win-win situation，STU management will accept it at first Fletcher offer $1.7.

The STU management must believe their company worth more than $2, and current SP $1.36 will make STU management look like they really silly，even lost their jobs， the Thursday AGM they definitely have to provide some fundamental proof to prove their company worth more than $2 at current or near future.

[King1212]

Done and dusted...move on from now...no more guessing 7b fine..blalabla

http://nzx-prod-s7fsd7f98s.s3-websit...722/289107.pdf

[steveb]

Done and dusted...move on from now...no more guessing 7b fine..blalabla

http://nzx-prod-s7fsd7f98s.s3-websit...722/289107.pdf

Far from done and dusted,it's the class action suit that is the problem

[Jantar]

Far from done and dusted,it's the class action suit that is the problem

The class action would be almost certain to fail without engineering advice showing that the stell used posed a risk to buildings. This comment in the decision advice should kill off any hope of the class action being successful
"
The Ministry of Business, Innovation and Employment (MBIE) has indicated homeowners should not be concerned about the safety of the steel mesh. The Structural Engineering Society of New Zealand has also stated homeowners should not be unnecessarily concerned about the ductility of steel mesh in their houses."

[BlackPeter]

Far from done and dusted,it's the class action suit that is the problem

May or may not be a problem. I really wonder how the class action is going to prove that there was any disadvantage to customers using the STU steel in their building projects. It is not that the steel used has been inferior, it just had not been properly tested and certified ... and it was well above previous specifications which have been as well good enough for previous buildings.

Government and Industry say there are no issues - i.e. what damage did happen?

The Ministry of Business, Innovation and Employment (MBIE) has indicated homeowners should not
be concerned about the safety of the steel mesh. The Structural Engineering Society of New Zealand
has also stated homeowners should not be unnecessarily concerned about the ductility of steel
mesh in their houses.

[waikare]

Today (24th) I received my Proxy/Voting in the post, and the voting closed yesterday 23 Oct at 2.pm. Has any body else had the same issue...…………….

[forest]

Same here.

[Justin]

Why they can’t send the voting by email or sms?

[waikare]

Why they can’t send the voting by email or sms?

One has the option to receive communications by post or electronically, I choose post.