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  1. #1061
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    Quote Originally Posted by Balance View Post
    1. Indiscriminate selling yesterday by traders and cautious /nervous investors in some stocks like STU which have performed exceptionally well YTD, rather than anything inherently wrong with the companies or economic settings imo. STU started the year at 93c and in a market which has gone backwards 7% YTD and 10.5% from its high, has still performed very well.

    If inflation becomes a problem (which appears to be main reason for recent global selloff), then we know that well managed cyclical stocks with proven track records are actually the best inflation hedge.

    STU is still a turnaround story so will need a few more runs on the board before investors and the market gain more confidence in the stock.

    2. The 60% - 80% of NPAT will be made up with the final dividend. Directors are just being cautious and that's fair enough in the pandemic environment we are still in.

    Thanks Balance,
    I think I'll continue to accumulate and hope the price stays down while I do.

  2. #1062
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    I thought it was a pretty good result. The second half is always far better than the first half. Currently there is a real supply issue ,so prices are rising with a lot more margin and less discounting. Couple with a big drop in costs I’m expecting a very good year end result.

  3. #1063
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    Quote Originally Posted by Shareguy View Post
    I thought it was a pretty good result. The second half is always far better than the first half. Currently there is a real supply issue ,so prices are rising with a lot more margin and less discounting. Couple with a big drop in costs I’m expecting a very good year end result.
    Yeah likewise. Absolutely unreal they're not buying back shares hand over fist. Just goes to show they still haven't got a handle on capital allocation. Criminal paying a dividend when stock so far under intrinsic.

  4. #1064
    Senior Member Entrep's Avatar
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    I was a happy buyer at 98c

  5. #1065
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    Quote Originally Posted by Stuff in an article linked below
    A “perfect storm” had led to Carter Holt Harvey not being able to meet demand for a structural wood product called “wides” – 245mm wide timber used in a wide range of building applications, from flooring to trusses.

    He said Carter Holt Harvey was the biggest manufacturer of wides in New Zealand, and it had been caught off guard by a rise in demand from multi-storey housing builds.

    “We’re seeing all these multi-storey units – two or three floors requiring much more timber.
    https://www.stuff.co.nz/business/ind...ederation-says

    I wonder whether this will see a progressive shift to the use of steel rather than wood for this this structural building work. This would obviously help steel suppliers like STU.

  6. #1066
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    Quote Originally Posted by Scrunch View Post
    https://www.stuff.co.nz/business/ind...ederation-says

    I wonder whether this will see a progressive shift to the use of steel rather than wood for this this structural building work. This would obviously help steel suppliers like STU.

    whats to say that the same issues wont also come to the fore with steel and other supplies / services ?

    are there enough chippies & sparkies around to do what's needed ?

    Last time - with CHCH recovery they were importing them from afar to fill the Skills gaps ..
    ... the fine art of sniffing out debits & credits hidden under the carpet can pay dividends ...

  7. #1067
    Senior Member Entrep's Avatar
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    Solid interest today, waiting for the real fireworks to begin

  8. #1068
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    Quote Originally Posted by Entrep View Post
    Solid interest today, waiting for the real fireworks to begin


    hopefully they have long enough memories to know how to still handle them

    the day before Good Friday looks like it was a bit of a fizzer ..

    may still be a few days left for folks to requisition their crash helmets ..
    Last edited by nztx; 03-04-2021 at 11:58 PM. Reason: add more
    ... the fine art of sniffing out debits & credits hidden under the carpet can pay dividends ...

  9. #1069
    Reincarnated Panthera Snow Leopard's Avatar
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    Got an email from S&T today telling me how it is better than wood for houses and things and infinitely recyclable and excellent for the environment.

    Go do your bit for nature, the planet and my net worth by building with steel tubes.
    om mani peme hum

  10. #1070
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    Quote Originally Posted by Snow Leopard View Post
    Got an email from S&T today telling me how it is better than wood for houses and things and infinitely recyclable and excellent for the environment.

    Go do your bit for nature, the planet and my net worth by building with steel tubes.
    you missed mention of 'strong cages' - snow

    also whether to lock in a large stack of S&T or to keep the large feline guarding the stash in
    or busy on the outer edges, in case of other predators coming by ..
    Last edited by nztx; 06-04-2021 at 11:28 PM.
    ... the fine art of sniffing out debits & credits hidden under the carpet can pay dividends ...

  11. #1071
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    Steady rise over past few days, next trading update whenever that is will be key driver.

  12. #1072
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    Yes, great to see upward movement at long last. I am looking forward to the next trading update. Volumes seem quite healthy too.
    Shepherd

  13. #1073
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    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.

  14. #1074
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    Quote Originally Posted by Shareguy View Post
    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.

  15. #1075
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    Quote Originally Posted by SailorRob View Post
    Finally someone gets it. A massive share buy back at these prices would be supreme capital allocation and mean a massive return for shareholders.
    While I get it....prefer a dividend.
    There are ways to do a special dividend and return capital ?

  16. #1076
    Legend Balance's Avatar
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    Quote Originally Posted by RTM View Post
    While I get it....prefer a dividend.
    There are ways to do a special dividend and return capital ?
    Share cancellation - like I believe AIA did years ago. Singularly successful.

  17. #1077
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    Quote Originally Posted by RTM View Post
    While I get it....prefer a dividend.
    There are ways to do a special dividend and return capital ?
    I prefer making money! And tax efficiently.

    No way Buffett would pay a dividend and screw his shareholders out of triple the return vs dividend.

  18. #1078
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    Quote Originally Posted by SailorRob View Post
    I prefer making money! And tax efficiently.

    No way Buffett would pay a dividend and screw his shareholders out of triple the return vs dividend.
    No need to involve Warren Buffett in this debate. Berkshire Hathaway is, naturally, managed to maximise its return to its biggest shareholders.

  19. #1079
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    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

    Screen Shot 2021-04-17 at 3.57.20 PM.jpg

    Disc: hold at 5% of portfolio and planning to add above $1.10. Been a while since last bought Jan 2012, sold Oct 2013.

  20. #1080
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    Quote Originally Posted by SailorRob View Post
    I prefer making money! And tax efficiently.

    No way Buffett would pay a dividend and screw his shareholders out of triple the return vs dividend.
    I think you should explain to some why buyback is better for shareholders - esp if returns are triple v dividend

    Get them on board
    Last edited by winner69; 17-04-2021 at 04:40 PM.
    When investors are euphoric, they are incapable of recognizing euphoria itself.

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