STU - Steel & Tube Holdings

[Balance]

http://www.sharechat.co.nz/article/e...e-pursuit.html

https://www.nzherald.co.nz/business/...ectid=12136277

"Asked if the price might increase, Taylor said Fletcher hoped to continue to talk to Steel & Tube but "we "think it's a good offer and would like to see it put to shareholders. We'd like to continue discussions with Steel & Tube."

Body language says FBU is ready to increase offer and STU wants a higher offer.

GAME on!

[boysy]

Yes fletchers arnt doing much of a poker face are they ...

[boysy]

http://www.sharechat.co.nz/article/e...e-pursuit.html

STMOD: Do not copy & paste entire articles!

[steveb]

So if STU could stump up with say a quick $7 bil we could be on for a reverse takeover!

[clearasmud]

Steve I couldn't stop laughing.

[Marilyn Munroe]

The mice(Fletchers) offering to guard the cheese in the merchant steel market again.

The Commerce Commission would be unwise to let this takeover proceed without deep scrutiny.

Boop boop de do
Mariiyn

[BlackPeter]

Not disingenuous boysy, only doing what you do boysy — promote the stuff that best supports your story

Isn’t 58% premium to the weighted average capital raise price of NZ$1.07 tremendous return in such short time. Cool eh and many of us on here happy it eventuates.

What you make of the transaction multiple of 12.3x FY19 EBIT guidance when the average over the last 5 years of 9.2x. Without a takeover on the table you’d be rapt with a share price of $1.70, even with the touted improved performance that still has to be delivered in future years

Anyway we might get a bit more or we will have a chance on STU performing ...or take the money now and run

What you doing Blackpeter?

travelling - not a lot of time (and internet access) to montior the NZX. But yes, for what it is worth - I am holding a small parcel and don't intend to sell around the current level.

[Timesurfer]

So if STU could stump up with say a quick $7 bil we could be on for a reverse takeover!

All gone quiet from FBU ... maybe they got windy after their share price dropped and they read your threat?

[winner69]

Sort of a hint they are out looking for other suitors

http://nzx-prod-s7fsd7f98s.s3-websit...082/288335.pdf

[Balance]

Sort of a hint they are out looking for other suitors

http://nzx-prod-s7fsd7f98s.s3-websit...082/288335.pdf

Enough hints in there for either FBU to up the offer price or for another suitor to approach the Board with a better offer.

Meanwhile, company is making progress and resumption of dividends next year.

What is there not to like about STU?