STU - Steel & Tube Holdings

[Justin]

just wonder now is worst time for stu？even worst than last year？

[winner69]

Something must be wrong - share price going up again.
I thought we were gonna see sub $1 yesterday winner?
Now going in the opposite direction to sub $1.

T_j ....firmly ensconced around the $1 mark. Probably still over priced but while there’s life there’s hope.

I reckon it’ll stay down this low for some time

And they still intend paying a divie ...that’s good

[BlackPeter]

T_j

And they still intend paying a divie ...that’s good

"And they still intend ...."

What do they say about the road to hell?

Lets hope that this is not the road they are going ;

[trader_jackson]

T_j ....firmly ensconced around the $1 mark. Probably still over priced but while there’s life there’s hope.

I reckon it’ll stay down this low for some time

And they still intend paying a divie ...that’s good

As our PM once said, "intention is reality" so lets hope shes right and STU doesn't turn into kiwibuild and we therefore see another dividend at full year, and continued dividends.

I agree what she said was pretty silly and nonsensical but lets cross our fingers and hope anyway

[Justin]

how much cents the final divie will be？

[winner69]

how much cents the final divie will be？

Maybe 4 cents, could even be 5 cents ......’strong cash flows and future prospects looking good’ they’ll say to justify it

Not the gospel truth ....just speculation

[KJ]

Just a few mths ago FBU thought they were worth $1.95,NZ Steel bought 15.8% at $1.75 & in Nov the CEO bought 50,000 shares at $1.32
Bit strange eh?

[Grimy]

Just shows that even those in the know, don't always know everything......

[Justin]

then, who knows?

[blackcap]

Just a few mths ago FBU thought they were worth $1.95,NZ Steel bought 15.8% at $1.75 & in Nov the CEO bought 50,000 shares at $1.32
Bit strange eh?

Yeah FBU thought they were $1.95 and the STU board thought they were worth more. The board in my opinion is currently in an untenable position and should resign en-masse. I have a hunch a few there did not want FBU to take over STU because that would mean losing their positions. (Bugger what the shareholders want)