STU - Steel & Tube Holdings

[winner69]

NZX website says STU up 60% from a year ago

Profit (outlook) about the same as a year ago so increase has come from PE expansion or yield expectations

Been a huge rerating up by the market .... punters must love something (probably the dividend)

Well done those who have got richer from STU this year

[winner69]

Best time to buy STU seems to be after a bad news announcement

Shareprice generally seems to rebound quite well

So buy Monday?

[percy]

Best time to buy STU seems to be after a bad news announcement

Shareprice generally seems to rebound quite well

So buy Monday?

I will give you a free run.
You may find these articles of interest.Google Bert Govan,scroll down the page to "Steel firm gears up as another goes bust."
Then go back up the google page and read "Property Development Christchurch;New Urban Group."

[hardt]

Building4s.PNG

At the supposed peak of the cycle in NZ... something has to give, hopefully the property market.

[winner69]

Down 18% from a month ago when they said full year results will be a little less than expected

That's an awful big decline .....but not a surprise as was never really worth 230 plus, let alone 263

End of current building boom over ......STU under 200 sometime soon

Hope you still not holding Black Peter

[Jantar]

Hit my stoploss value today, Sold over half, but still holding some.

[BlackPeter]

Down 18% from a month ago when they said full year results will be a little less than expected

That's an awful big decline .....but not a surprise as was never really worth 230 plus, let alone 263

End of current building boom over ......STU under 200 sometime soon

Hope you still not holding Black Peter

Sold early June with a slight gain - triggered by some stop losses (if this makes sense).

[arc]

STU on the rebound

[BlackPeter]

STU on the rebound

Maybe .... and yes, looks oversold. On the other hand is it so far below any relevant MA that I wouldn't read too much into a slight one day bounce.

There is always hope ...

[percy]

Be interesting to watch STU's fortunes now Dave Taylor has decided to move on.
I feel sorry for him being at the wrong place at the wrong time.
A sector that has ruined a lot of people's careers.
Good luck to Mark Malpass in the interim.