STU - Steel & Tube Holdings

[trader_jackson]

This is really turning into a bad joke now... rejected a takeover offer of $1.90 something as the board was (arrogant?) insistent the company was worth more... and ever since then STU has gone from disappointment to disappointment... bluescope probably going to be successful with a takeover (should they choose to do one) at half the price fletcher's were willing to pay only a year or so ago. Another write off (or 'significant one off') coming as well by the looks of it.

[Independent Observer AUNZ]

This is really turning into a bad joke now... rejected a takeover offer of $1.90 something as the board was (arrogant?) insistent the company was worth more... and ever since then STU has gone from disappointment to disappointment... bluescope probably going to be successful with a takeover (should they choose to do one) at half the price fletcher's were willing to pay only a year or so ago. Another write off (or 'significant one off') coming as well by the looks of it.

I want to get out, but I don't know how to reduce the damage!!

[Balance]

Adding new meaning to the term 'Downgrades come in threes'.

This must be #5?

[macduffy]

Adding new meaning to the term 'Downgrades come in threes'.

This must be #5?

And adding weight to the old dictum that taking action at the first downgrade is often the least damaging.

[bull....]

weekly bollingers suggest room to move to 80c ( lower bollinger band)

[forest]

Last year H1 npat was $3.8m

It’s going to be less this year

But never mind ...the second half is going to be fine ...no worries.

Winner, 1H 2018 NPAT was $3.8m.
1H 2019 NPAT was $5.6m.

The announcement is a forecast of 1H 2020 and said 1H lower than prior year so that would be 1H 2019 less than $5.6m, hopefully not less than 2 years prior although that is possible.

[percy]

And adding weight to the old dictum that taking action at the first downgrade is often the least damaging.

Yes always the right thing to do to preserve capital.

[winner69]

Winner, 1H 2018 NPAT was $3.8m.
1H 2019 NPAT was $5.6m.

The announcement is a forecast of 1H 2020 and said 1H lower than prior year so that would be 1H 2019 less than $5.6m, hopefully not less than 2 years prior although that is possible.

You are so right ...it was $5.6m in H119 (confused by way they formatted the announcement)

Worst part of the announcement is ’....accounting carrying values will be reassessed at that time.’


Goodness gracious what that’ll deliver ....so soon after previous write offs.

[winner69]

At least STU still making a bob or two ....that’s good

[Beagle]

I've seen a 3 legged pig dog with mange which quite frankly looks more attractive than this mutt.