STU - Steel & Tube Holdings

[t.rexjr]

This aint a criminal case so knowledge or intent is not actually required.

Was merely attempting to distinquish in my own mind whether his opinion was based upon certainty or conjecture

[Hoop]

yes Percy, could be expensive..
Mr Market dislikes finding skeletons in cupboards..

Shareholders have known about this for a while now.... but as of today, there is a new question mark why ComCom has taken the expensive and aggressive option of Court action ....For the shareholders, the question . "Is there something more to this we don't know about?"

Perceived risk has increased today, so shareprice is discounted as per risk v reward

[Jantar]

And shareprice is right back to where it was before yesterday's announcement. It was old news, so no need for panic, but a few managed to get a bargain out of it
.

[Hoop]

Back down again ..that will upset the bargain hunters...Typical of STU, even the bargain hunters can't make a quick buck.....Care could be needed as maybe the first drop could be a P wave...

[winner69]

Another outfit that says H2 will be stronger so FY is pretty good .......and fails to deliver on the 'promise'.

https://www.nzx.com/files/attachments/261309.pdf


Oh well, next year bound to be better

[percy]

Interestingly enough I was having another look at them this morning.Craigs have their dividend yield 10.1% and the chart looked strong,but with the PE of 11.6 being higher than their eps growth of 9.7% I decided against them.
Just as well, as that earnings downgrade has confirmed my decision.

[winner69]

Interestingly enough I was having another look at them this morning.Craigs have their dividend yield 10.1% and the chart looked strong,but with the PE of 11.6 being higher than their eps growth of 9.7% I decided against them.
Just as well, as that earnings downgrade has confirmed my decision.

Yes, eps growth somewhere between 3% and 8% so share price might fall from where it was yesterday to reflect this growth.

And don't forget acquisitions were supposed to boost earnings quite a lot this year and at H1 were on track to do. underlying business must be struggling to grow profits. Sort of says tough times (competitive) in the building industry at the moment. Building boom peaking so won't get any easier for the likes of STU

Always interested but long term chart really tells the story.

[winner69]

Be interesting to see hoops take on recent action

Seemed to have crept up nicely before this announcement....then wham

[peat]

Be interesting to see hoops take on recent action

Seemed to have crept up nicely before this announcement....then wham

to me , the last year looks corrective.

[winner69]

A year ago -

In February, Steel & Tube indicated the current financial year's (FY16) full
year underlying profit was expected to be consistent to the prior full year's
net profit after tax (NPAT) of $21.4m.

The current second half of financial year FY16 is proving more challenging
than anticipated and as a consequence, the FY16 full year underlying profit
is expected to fall short of last year's NPAT by between 10 and 15%.

Today

In February in the half year results, Steel & Tube signaled the FY17 full
year was expected to be consistent to the prior year's EBIT.

The Company indicated a stronger second half and while Steel & Tube was on
track to realise that, the period proved more challenging in the final weeks.

"We have faced multiple construction and infrastructure project challenges,
and delays which have been out of our control, coupled with intense
competition in the market leading to tighter margins particularly in the
construction sector," says CEO Dave Taylor.

As a consequence, the FY17 EBIT is expected to fall short of last year's by
between 10% and 15%.

Same message this time next year.? They like using the word 'consistent' so chances are it will be.