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Thread: STU

  1. #881
    Legend Balance's Avatar
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    Quote Originally Posted by nztx View Post
    Don't whisper too loud -- a now profitable FBU might be attracted in for another
    swipe at a large pot of discounted STU, leaving without any spitting pips out ..
    Not going to happen as there’s a 20% blocking stake.

    Dis. Holder and confident we will see $1 on sp in 2021.
    Last edited by Balance; 17-11-2020 at 09:48 AM.

  2. #882
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    both STU and MPG on a tear this week!

  3. #883
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    Quote Originally Posted by Filthy View Post
    both STU and MPG on a tear this week!
    Both being eyed up by FBU

  4. #884
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by bottomfeeder View Post
    Both being eyed up by FBU
    Would this be a good reason to short FBU?

    Discl: hold none of MPG, STU or FBU, but sure - they might fit into a dog of the NZX strategy.
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  5. #885
    Reincarnated Panthera Snow Leopard's Avatar
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    STU is the 'least successful' share I still own.

    My initial buying was around $1.20+.
    But I doubled my holding last week, a decision I am reviewing, having spotted an error in my analysis.

    It is difficult to see current fair value much over 70c.

    With my optimistic hat on I am hoping that they will re-introduce dividends so that yield chasers buy it up.
    om mani peme hum

  6. #886
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    Quote Originally Posted by Filthy View Post
    both STU and MPG on a tear this week!
    Talk to developers and they will tell you that resources are getting very stretched out there in the building, construction and infrastructure sectors - a huge change from 6 months ago when they were being inaudated by subies & tradesmen looking for work.

    Result : Prices are going up for both manpower & materials.

  7. #887
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    If a company (STU) can average a return on its equity capital of 9.24% over the 13 years between 2007 and 2020, even though it made a lot of mistakes, and then the value of this equity capital is written down, and then you can buy that capital for give or take 50c on the dollar.

    Then what would your returns as an owner of this capital be over the next few years providing they can continue stumbling blindly along in the hopeless fashion they have been?

  8. #888
    percy
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  9. #889
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    Is STU's bottom line gonna accelerate away any time soon on back of such positive vibes .. or still too hard ?

    Let's face it with all work & construction under way currently - if it didn't bounce it's way through to vastly
    enhanced profitability then most may have to conclude that STU was incapable of doing things well ..
    even in very favorable times
    ... the fine art of sniffing out debits & credits hidden under the carpet can pay dividends ...

  10. #890
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    “And I am happy to say, Steel & Tube, hit the mark, and reinforced their position as a digital leader in the steel industry,” says Reg. “I feel confident that following a massive year of IT change - Steel & Tube are now positioned for the future and can take their clients and employees with them!”

    Been well positioned for quite a while but yet to deliver?

    Like Fletchers though, may surprise market on the upside next trading update.

  11. #891
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    `....I have it on good authority that the colour steel division of STU is going through the roof...........so to speak. The current building boom gaining momentum is turning into a bonanza for STU according to my inside contact. (tubing division not doing so well though) Disc: holder but still deeply in the red.
    Have a Gr8day.

  12. #892
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    All they need to do is plod along making the same mistakes they always have and it will be a phenomenal investment (for someone buying here).

    Any improvements and of course it will be even better.

    Cash flows through the roof against market cap.

    This is the definition of deep value investing.

  13. #893
    One Fearsome Feline winner69's Avatar
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    Dwelling consents at 46 year highs ...no wonder they busy

    Amazing how consents have tracked last 10 years
    Attached Images Attached Images
    “What the wise man does in the beginning, the fool does in the end”

  14. #894
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    ....last time I checked every house needs a roof and at least half of them will be colour steel supplied by STU.....go figure!

  15. #895
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    Colour steel is the other mob, & they have multi distrbutors/resellers

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