STU - Steel & Tube Holdings

[winner69]

Wonder if it was a upgrade or downgrade they announced last week going by trading depth.

Probably depends on what ones expectations were - a consequence of the company giving no firm guidance previously except H2 activity could be similar to H1

Hasn't set the world on fire has it

[Balance]

Probably depends on what ones expectations were - a consequence of the company giving no firm guidance previously except H2 activity could be similar to H1

Hasn't set the world on fire has it

Underpromise & over deliver.

[Balance]

Wonder if it was a upgrade or downgrade they announced last week going by trading depth.

Somebody paid up after market close yesterday for 100k shares at $1.16 - that's the real depth.

Meanwhile, STU is up 27% YTD.

Compare & contrast with NZX down 3% and one of the top picks (ATM) down 48%!

[Entrep]

I was adding at 115 today

[winner69]

Bluescope reported NZ Steel had a boomer of a year ….sales up about 14% and ebit margin 15% (made a loss last year)

[Balance]

Bluescope reported NZ Steel had a boomer of a year ….sales up about 14% and ebit margin 15% (made a loss last year)

http://nzx-prod-s7fsd7f98s.s3-websit...445/352418.pdf

Page 31 - Huge turnaround in Fletcher's Steel Division - from loss of $14m in F20 to profit of $40m in F21.

Expecting STU to do just as well - may even see a share buyback too!

"Stronger for longer" - FBU's view of the building & construction sector outlook.

[winner69]

Normalised ebit $19m pretty respectable

Ebit margin of 4% still pretty woeful

Need to improve that in coming years

http://nzx-prod-s7fsd7f98s.s3-websit...776/352872.pdf

[Shareguy]

NPAT $16.1m
Cash in bank $25m
NAV $1.11.

What is not to like. A steel at current price is what I think.

[Balance]

NPAT $16.1m
Cash in bank $25m
NAV $1.11.

What is not to like. A steel at current price is what I think.

Too much cash in the bank.

Should do a share buyback of 10% of the outstanding shares.

[sb9]

Too much cash in the bank.

Should do a share buyback of 10% of the outstanding shares.

Agree, that's better use of funds to create shareholder value than paying unimputed divvies.