STU - Steel & Tube Holdings

[nztx]

Jeez into the 120s

A few more sleeps might be sub $1

Construction boom over …all turning to custard …..work not going ahead ….builders going broke ….bad debts …heck what a mess

Goodness .. what happened to all those forecast Good Times expected for a least two years ahead ?

At this rate yesterday's Buck will have to inflation adjusted down to 81.69c to balance things out ..
taking into account STU's Opportunity Lost on them ..

There must be another Cap Raise rescue mission on the way sometime soon to sort out the loose ends
and expensive new stock that can't be rehomed for love nor money ?

[percy]

Goodness .. what happened to all those forecast Good Times expected for a least two years ahead ?

At this rate yesterday's Buck will have to inflation adjusted down to 81.69c to balance things out ..
taking into account STU's Opportunity Lost on them ..

There must be another Cap Raise rescue mission on the way sometime soon to sort out the loose ends
and expensive new stock that can't be rehomed for love nor money ?

Send any excess stock to Christchurch.

[nztx]

Send any excess stock to Christchurch.

The inflated Freight Recovery will be crippling .. still game ?

Have to recover all the other bits & pieces & shortfalls & losses somehow

[percy]

The inflated Freight Recovery will be crippling .. still game ?

Have to recover all the other bits & pieces & shortfalls & losses somehow

Not so.
Buyers waiting.
Send it now freight forward.,.

[nztx]

Not so.
Buyers waiting.
Send it now freight forward.,.

Sorry Freight Forward unknown on the northern isthmus

Too many absconding leaving debts unpaid now - you know

[percy]

Another very positive presentation.
Trading well,with excellent growth prospects.

http://nzx-prod-s7fsd7f98s.s3-websit...518/372546.pdf

[cymonger]

Yes. Confirmed all the positive things we already knew about this year and beyond. Shame on the St "regulars" trying to scare people saying the construction industry was going bankrupt. As far as I'm concerned they should arrest these shameless market manipulators like they do over at Hotcopper.

(Seriously, they did just arrest someone in Melbourne for market manipulation on HC.)

[nztx]

Must still be some believers around .. one of the few to jump out a sea of red

wait until it becomes obvious that by some mysterious feat the buck has stopped going round as fast

A few here would probably guarantee to eat their hats if STU ever accelerated up past FBU

[sb9]

Both CEO and CFO see good value in here by buying 10K parcels on market, nice token of endorsement.

[Poet]

Both CEO and CFO see good value in here by buying 10K parcels on market, nice token of endorsement.

Although the attachments seem to be the same for both announcements (Both are in name of Richard Smyth). Maybe we see correct one for Mark Malpass later