Don’t think you’ve seen anything yet. Still well undervalued and only trading currently at NAV. It’s going to be a very good result however the lazy balance sheet needs addressing . 23 million in cash in the bank and no debt as at 31st of December. Expect over 30 million in the bank for end of year results. If they can’t find any acquisitions then Either a share buyback or special Dividend needs to be considered.
Don’t think you’ve seen anything yet. Still well undervalued and only trading currently at NAV. It’s going to be a very good result however the lazy balance sheet needs addressing . 23 million in cash in the bank and no debt as at 31st of December. Expect over 30 million in the bank for end of year results. If they can’t find any acquisitions then Either a share buyback or special Dividend needs to be considered.
Finally someone gets it. A massive share buy back at these prices would be supreme capital allocation and mean a massive return for shareholders.
The STU price chart is encouraging, medium term a nice run up from $0.47 Covid low, consolidation short term around $1 and a bolt upwards this week above the 50MA on good volume. Indicators suggest the overhead resistance at $1.09/1.10 will be a near term test.
Long term, this monthly chart gives something to aspire to. For anyone holding STU the past 20 years, hopefully the dividends were worth it. It's a long haul back to $5
Bookmarks