STU - Steel & Tube Holdings

[Balance]

http://nzx-prod-s7fsd7f98s.s3-websit...562/338081.pdf

A bit hard to believe ! 1069 Shares !

Tokenism - better she buys none!

[SailorRob]

I did a detailed look into their assets a couple of months ago when they were around 62-63cents as it was well priced. I would have felt more inclined to invest if they had owned their decent buildings/land, but they don't own many of their properties.

Historically lease prices and also buildings/land value only goes up. Although looking at this property sale the 2/1/1 lease setup looks like they will exit this property in the mid-term.

This is the last thing we want them to own. It's not a property company.

If it was good capital allocation to own their properties then would also be good to buy more properties and lease them to other businesses.

The best use of capital BY FAR earlier in the year would have been repurchasing their own stock.

Investing capital based on historical price performance is not necessarily wise. Using the same argument it would be a great idea for them to spend all their cash on Bitcoin.

[Scrunch]

http://nzx-prod-s7fsd7f98s.s3-websit...562/338081.pdf

A bit hard to believe ! 1069 Shares !

The clue is the dollars spent. Exactly $1000. I'd bet that a sharesies account has been opened and the purchases included STU, among possibly others.

[nztx]

The clue is the dollars spent. Exactly $1000. I'd bet that a sharesies account has been opened and the purchases included STU, among possibly others.

if that was the case Sharesies Nominee would have to be declared in filing as holder on her behalf - wouldn't it ?

[Snow Leopard]

She is probably just waiting for the inevitable retracement before buying a decent parcel

[SailorRob]

She is probably just waiting for the inevitable retracement before buying a decent parcel

She can borrow mine then and sell them short

[waikare]

The clue is the dollars spent. Exactly $1000. I'd bet that a sharesies account has been opened and the purchases included STU, among possibly others.

Perhaps she spent her Christmas bonus on these shares.

[nztx]

Did someone say a March Divie from STU ?

[Balance]

Did someone say a March Divie from STU ?

A certainty I would think.

[SailorRob]

A certainty I would think.

Let's hope they're not that stupid.

For long term holders buying back a chunk of the company at these prices will ensure far greater long term returns.

I'll instantly lose either 33 or 39% on any dividend but would gain around 70% on every dollar of buyback.