Yeah..its great the old FOMO eh !
Got my fill at 75 & 114. Not sure I'd be chasing them up further now. But I do hope the current punters are correct !
Yes, topped up at $1.06. Happy to put these in the bottom drawer for now,
Don’t worry Moose. We both know HMY are only 2-3 weeks away from announcing record half year result and very likely an upgrade from their est full year $600m loan book and $90m revenue.
Let’s just say by 31 March:
HMY $2.80
MHJ $2.00
STU $1.99
$2.05 would be a nice number - that's what I paid for them 20 years ago lol
If you look at all the available information including the last upgrade you will see that STU is way undervalued. World steel prices are increasing with massive increases due to supply issues. In NZ customers are getting in some cases 25 to 40 percent increases for the products they use. With increased demand the discounting is not needed. In a lot of cases it’s a case of “have you got the stock”
So we have a company that has cut expenses dramatically, has increased demand, less discounting. Higher prices per tonne/unit so margin and the “profit “ per tonne/item is increased.
I do agree however when a stock has gone up so much that it’s tempting to sell. My personal opinion is that there is plenty of juice in the tank and the share price is only part way through a huge uplift. I’m expecting further up grades and big increases in margin.
Will the brokers wake up and look at the demand side and compare STU to Vulcans recent listing. I’m betting there will be some big changes after 1/2 year announcement. Then again they might continue to play catch up as the share prices increases.
On saying all this taking a profit is a good thing and each to there own. However when you look at the figures why would you unless you need the money, as theres plenty of upside in my opinion. It was a $5.00 stock many years ago. It’s not worth that currently but when you analyse the information and the future prospects I see $3 as being a reasonable and fair price.
If you look at all the available information including the last upgrade you will see that STU is way undervalued.
Vulcan listing is one of the best things to have happened to STU share price - as you wrote, it puts the spotlight on the industry and on just how undervalued a turnaround STU is relative to VSL.
Powering on this morning towards $1.70 - mostly retail buying but then, STU has been a retail stock for quite a while now so the institutions will just keep playing catch up.
Originally Posted by RTM
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