STU - Steel & Tube Holdings

[winner69]

Bluescope report NZ Steel had a boomer of half year

New Zealand Steel is set to report its best half-year result in two years as it benefits from strong domestic construction and cost-cutting started last year.

[sb9]

Bluescope report NZ Steel had a boomer of half year

New Zealand Steel is set to report its best half-year result in two years as it benefits from strong domestic construction and cost-cutting started last year.

And I don't think the construction boom has end in sight at least in the medium term.

Powering on towards $1.00.

I suspect we will see STU report towards top end of guidance in H1, keeping plenty to provide another profit upgrade in 3 months' time.

Very much achievable from here and not to forget possible another play by FBU to acquire them again.

[JoeM]

Based on the last few years i thought we might of seen a half year update. Or at least a date for when the half year results will be released.

[Balance]

Based on the last few years i thought we might of seen a half year update. Or at least a date for when the half year results will be released.

26 Feb

https://www.nzx.com/announcements/367085

[Balance]

Bluescope report NZ Steel had a boomer of half year

New Zealand Steel is set to report its best half-year result in two years as it benefits from strong domestic construction and cost-cutting started last year.

Thanks for that infor, w69.

Expanding further :

https://cdn-api.markitdigital.com/ap...df02a206a39ff4

NZ & Pacific operations improved substantially in H1 2021 - EBIT expected to be in excess of $55m.

Compares with $12.9m in H1 F2020.

Given that STU is Bluescope's major distributor in NZ, augers very well for STU operations.

[winner69]

Thanks for that infor, w69.

Expanding further :

https://cdn-api.markitdigital.com/ap...df02a206a39ff4

NZ & Pacific operations improved substantially in H1 2021 - EBIT expected to be in excess of $55m.

Compares with $12.9m in H1 F2020.

Given that STU is Bluescope's major distributor in NZ, augers very well for STU operations.

STU over $1 any hour now

And then onwards and upwards

[Balance]

STU over $1 any hour now

And then onwards and upwards

Getting close, W69.

Crossing after market close at 99c after big buyer mopped up all the stock at 98c (including a line of 200k shares) at market close.

[Balance]

Someone's showing their hand and keen to accumulate...

If the closing trades yesterday (big buyer mopped up over 200,000 shares, including a line of 200k, at 98c) are any guide, someone is very keen indeed to accumulate - and not afraid to pay up.

Modus operandi suggests to me it's Milford who sold out to NZ Steel at $1.75 buying back in - heaps more shares to buy!

[nztx]

Wow $1.04 .. seems like someone has an appetite ..

[Balance]

Wow $1.04 .. seems like someone has an appetite ..

If it is Milford, we will see $1.10 by tomorrow close - they normally pay up to get volume (if volume is available at that price) after getting set in an underlying position.

PS. Milford has been buying back into FBU in the last few months.