STU - Steel & Tube Holdings

[trader_jackson]

I was wondering the same thing. They post a huge loss (yeah yeah one off etc but they do that every year so its not really abnormal items is it) and then still pay a dividend. Might need to do a cap raise for the next dividend if this goes on...

Strong cash flow they say... turnaround in progress they say...
Not sure to believe what they say as it certainly appears rocky.
Interesting how, unlike fletchers, they didn't seem to think 2H was going to be bigly... maybe STU are trying to do an HBL and understate, then outperform

[Sideshow Bob]

All looking good reading through the mumbo jumbo eh Bob

Indeed W69. Only thing I took from the first time I read it, was that it wasn't good.....

[winner69]

Things looking good at STU from that announcement

We all should encourage business leaders to be optimistic

Optimism encourages better company performance

Without optimism many a company gas gone broke

[Snow Leopard]

Seems like you should all read the accounts carefully and make a rational decision on whether it is good buying at the price.

Disc: tempted, but I am a sucker for this kind of thing.

[Timesurfer]

Lots of steel going into the Waimea irrigation pond - not sure if it is sourced through STU though. Must be helping prop up the industry.

[percy]

Perhaps you could find out who is supplying it, and let us know.

[Filthy]

starting to hear a few stories from
architects/project managers re: a couple of large construction projects struggling to get the cheap steel they ordered from China & having to turn to local NZ suppliers to complete. perhaps prices might start to rise a bit with oversea supply chain issues. if factories closed in China & issues with shipping it would seem logical that they can’t dump their stuff on our market anymore. just as long as demand stays reasonable here (gov spending) might actually work out....

[Waikaka]

Good to see STU have cancelled the interim dividend.

Much prefer them to hold onto that cash and hopefully avoid cap raising later.

153 million shares @ 1.5c a shares = ~$2.3million.

Picking up modest amounts at these prices but pretty cautious.

[SailorRob]

Good to see STU have cancelled the interim dividend.

Much prefer them to hold onto that cash and hopefully avoid cap raising later.

153 million shares @ 1.5c a shares = ~$2.3million.

Picking up modest amounts at these prices but pretty cautious.

Possibly the most undervalued company on the NZX at the moment - Was a NET-NET at 80c...

Any infrastructure plan will involve steel.

[winner69]

Possibly the most undervalued company on the NZX at the moment - Was a NET-NET at 80c...

Any infrastructure plan will involve steel.

But STU haven’t creamed it as steel use has reached record highs over the last few years.