STU - Steel & Tube Holdings

[cymonger]

Seemed like algos trading very low prices back and forth between themselves to me. Hard to believe someone bought 3 dollars with of shares with $30 in brokerage. Some of these orders were two shares, 10 shares, 12 shares, etc.

$1.4843528-Jan-2022 13:41

$1.453228-Jan-2022 13:37

$1.447,05928-Jan-2022 13:32

$1.444,33228-Jan-2022 13:30

$1.454,94128-Jan-2022 13:30

$1.455928-Jan-2022 13:21

$1.44525,00028-Jan-2022 13:08

$1.43228-Jan-2022 13:05

[bobestm]

Those kind of trades have always puzzled me and suspect.
Do we know where to get details of such?
If these are algo trades they are very annoying and disruptive to ones investing process .. at least for me.

[BlackPeter]

Seemed like algos trading very low prices back and forth between themselves to me. Hard to believe someone bought 3 dollars with of shares with $30 in brokerage. Some of these orders were two shares, 10 shares, 12 shares, etc.

$1.4843528-Jan-2022 13:41

$1.453228-Jan-2022 13:37

$1.447,05928-Jan-2022 13:32

$1.444,33228-Jan-2022 13:30

$1.454,94128-Jan-2022 13:30

$1.455928-Jan-2022 13:21

$1.44525,00028-Jan-2022 13:08

$1.43228-Jan-2022 13:05

Sharesies? They pay (for small trades) 0.5% of the cost for brokerage, less for larger trades. No minimum fees.

https://www.sharesies.nz/pricing

[cymonger]

Sharesies? They pay (for small trades) 0.5% of the cost for brokerage, less for larger trades. No minimum fees.

https://www.sharesies.nz/pricing

That's definitely part of it. But it was happening long before Sharesies came on the scene. I know people often recommend the book "Flash Boys" around here. Completely changed the way I look at trading. You will NEVER beat the computer. It always gets to go first and then you get to pay a penny or two (or sometimes much) more.

[Shareguy]

My post from a while ago . If anything I’m even more bullish. Not long to wait till result… we will see.

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.

[winner69]

Mind you FBU share price been smashed the last week …..STU just following

[Shareguy]

Mind you FBU share price been smashed the last week …..STU just following

Agree the market in general has taken a hammering. Futures looks encouraging and Apple have had another stunning quarter so Monday might be a better day. Some good buying opportunity’s starting to show.

[nztx]

Sharesies? They pay (for small trades) 0.5% of the cost for brokerage, less for larger trades. No minimum fees.

https://www.sharesies.nz/pricing

Not guilty on those trades

but did have a bit of nibble later ..

[see weed]

Sharesies? They pay (for small trades) 0.5% of the cost for brokerage, less for larger trades. No minimum fees.

https://www.sharesies.nz/pricing

Correct me if I'm wrong. If I buy $15,000 worth of shares with ASB securities they charge me $30 brokerage at 0.2% fee. If I buy $15,000 of shares with Sharesies they will charge me $27 fee, is this correct?

[BlackPeter]

Correct me if I'm wrong. If I buy $15,000 worth of shares with ASB securities they charge me $30 brokerage at 0.2% fee. If I buy $15,000 of shares with Sharesies they will charge me $27 fee, is this correct?

Not a specialist for Sharesies, but yes, this is how I would interpret their conditions (as per link above).

No idea what ASB would charge you.

Obviously - its not quite comparable. If you buy shares with ASB you own the shares afterwards. Not quite sure whether it is so straight forward with sharesies (e.g. in terms of attending and voting on AGM's and similar). I would think they own the shares on your behalf, but didn't really drill into this hole ...).

Where Sharesies are clearly leading hands down is if you want to invest small amounts into the sharemarket (i.e. significantly less than $15k per parcel).