STU - Steel & Tube Holdings

[Balance]

Maybe ‘leases’ now showing as finance costs?u

Accounting treatment for leases these days seems to break up the lease payments into

1. Depreciation for right of use of assets

2. Interest on leases

So EBIT could be before he interest on leases and since STU claimed a tax credit for losses in the last FY, it stands to reason that it will have to provide for tax on profits.

That's my reading.

[nztx]

Missed out on CFO job at Sky after being deputy for 7 years so possibly a pushed off

STUs current CFO wise man in not wanting to shift to Auckland ...so good opportunity for Sky cast off to be a CFO of a listed company

Love how new guy calls STU iconic

Some of STU's past antics & results have certainly been hugely "Iconic" ..

Not many if any others have got anywhere near replicating them ..

[Shareguy]

I’m expecting a great result . One of the few undervalued company’s on the nzx currently in my opinion No debt , reduced costs and the largest building boom that I have ever seen. I have worked 18 years in the steel industry including at S&T in management and I’m hearing very good things.

Disc . My largest holding. In top 50 shareholders

[sb9]

I’m expecting a great result . One of the few undervalued company’s on the nzx currently in my opinion No debt , reduced costs and the largest building boom that I have ever seen. I have worked 18 years in the steel industry including at S&T in management and I’m hearing very good things.

Disc . My largest holding. In top 50 shareholders

Thanks for those snippets, I agree with your thinking. They're one of few stocks on NZX with great potential this year, if all going as per plan sp could add a dollar by year end.

[Davexl]

Can't decide quite what to do with mine. SP coming across to 30d MAv. See if it bounces off again.

Balance, you were quite positive on these - still are i take it?

[clearasmud]

Thanks. On the strength of your comments plus the new cfo's comment I topped up some more.
Now only need 1.47 to break even.

[Balance]

Can't decide quite what to do with mine. SP coming across to 30d MAv. See if it bounces off again.

Balance, you were quite positive on these - still are i take it?

Yes, I am still positive and a holder.

[sb9]

Bolly bands getting squeezed here, could be heading for a breakout, 92c is key resistance currently...

[Jantar]

Thanks. On the strength of your comments plus the new cfo's comment I topped up some more.
Now only need 1.47 to break even.

Also topped up a bit. Now need $1.45 to break even. Looks like we were both caught in the freefall a couple of years ago.

[clearasmud]

Also topped up a bit. Now need $1.45 to break even. Looks like we were both caught in the freefall a couple of years ago.

Dumb eh.
Was it disobeying "don't buy a stock in a down trend" or ignoring "new management new broom" ie they'll write off everything they can or what else?