STU - Steel & Tube Holdings

[Shareguy]

No, the shares were acquired on market ,in the name of his wife.

[RTM]

http://nzx-prod-s7fsd7f98s.s3-websit...044/348354.pdf

Hmmmm….not quite sure what to think of this. Presumably they wouldn’t be doing this if things were going badly ?
Bit on wood buildings for Govmnt “interesting”.

[percy]

Well they were certainly talking the talk.

[Dassets]

Pity they call the RNZAF RNZAL, great to harp on about a project - bad to get the client's name wrong. Oh well. The investor relations certainly need a pull through.

[Shareguy]

Thought it was a very positive update. Distribution doing well is the key.

[RTM]

http://nzx-prod-s7fsd7f98s.s3-websit...044/348354.pdf

Hmmmm….not quite sure what to think of this. Presumably they wouldn’t be doing this if things were going badly ?
Bit on wood buildings for Govmnt “interesting”.

[nztx]

http://nzx-prod-s7fsd7f98s.s3-websit...044/348354.pdf

Hmmmm….not quite sure what to think of this. Presumably they wouldn’t be doing this if things were going badly ?
Bit on wood buildings for Govmnt “interesting”.

Good point .. not alot said however about financial nuts & bolts or any guidance ..

Remember these guys on the Board probably have access to monthly trading P&L reports
for the company..

Most listed companies of any consequence probably have Financial Accountants spitting
these things out each & every month .. STU should be no different on it's size

Memory tells me that STU was a Company that hoisted on the market not so many years ago
massive impairments on year end reporting. This sort of thing they should have been aware
of being likely through the year rather than dumping it on the market.

In comparison TRA in quarterly distributions appear to be right on top of their trading reports
in that they know where things are going to be able to declare quarterly distributions..

This is yet another area where STU tidying up their act is well overdue & should be looked
for from the Directors by their stakeholders..

[Shepherd]

I also agree that putting out an investor news letter with no figures is very poor. They must have the data and as investors we deserve to know what the figures are.

[Balance]

I also agree that putting out an investor news letter with no figures is very poor. They must have the data and as investors we deserve to know what the figures are.

Give it a few weeks (post 30 June year end) and I am picking STU to be one of the first companies to provide some figures/numbers with a nice earnings upgrade.

My neighbor in front had to wait 6 weeks to get his steel beams for his house reno and that's after he paid up to get them.

So there must be some very nice margin improvements happening out there with steel prices going up and no requirement to compete on prices like in the last few years.

[nztx]

Is it time to back the truck on STU or are some still digesting the recent figureless update
and enjoying all the Board's glossy pics & feel good .. ?