STU - Steel & Tube Holdings

[boysy]

So the question is - what effect on SP will the bookbuild have, which closes for retail investors tomorrow moring? Will those that bought their entitlement at $1.05 get burned, or make a nice instant profit?

Record date for rights issue 5.00pm on 15 August 2018
• Despatch of Offer Document to shareholders 16 August 2018
• Opening date of rights offer 17 August 2018
• Closing date of rights offer 5.00pm on 3 September 2018
• Shortfall bookbuild 5 September 2018
• Allotment of New Shares 7 September 2018
• Payment of any premium achieved in bookbuild By 11 September 2018

[janner]

Masochists..

Place it on your watch list and wait for the programme alert !!..

[BlackPeter]

This will help STU...

https://www.nzherald.co.nz/business/...ectid=12116219

Hardly. While there might be a spike in Auckland - consents are dropping nationally hard and fast:

But nationally, the exact opposite trend was displayed with new house consents falling 10 per cent in the month of July.

[boysy]

Will be interesting to see how the bookbuild pans out next week and how it will compare to the theoretical ex rights price of 1.28 ....

[boysy]

So the question is - what effect on SP will the bookbuild have, which closes for retail investors tomorrow moring? Will those that bought their entitlement at $1.05 get burned, or make a nice instant profit?

Book build shares will be at price no lower than $1.05 and no higher than the closing price on Monday will be interesting to see the trading of shares on monday ....

[Scrunch]

Book build shares will be at price no lower than $1.05 and no higher than the closing price on Monday will be interesting to see the trading of shares on monday ....

The size, rather than the value of the book build will be of most interest to me as it confirms the number of shareholders that stumped up more cash to buy additional shares.

[boysy]

Agreed one has to remember that the rights are renounceable so perhaps shareholders who would otherwise participate in a non renounceable will simply sit on the sidelines and receive a premium if the book build price is above $1.05 ....

Either way will be interesting to see how many holders do stump up for the 1:1.9 shares @ $1.05

[King1212]

The intos supported them..they already raised 20m....so the sign of confidence that the boat will sail smoothly..otherwise instos won't put in the money in?

[boysy]

Ironic the instos Get a third bite of the cherry ....

[winner69]

STU going to do something like what Nuplex did after a deeply discounted cap raise

Share price will be well over 2 bucks next year ......even if they don’t perform as promised.