STU - Steel & Tube Holdings

Started by Shareguy, Jun 24, 2022, 03:13 PM

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winner (n)

#570
Jan 16, 2026, 09:03 AM Last Edit: Jan 16, 2026, 09:06 AM by winner (n)
MBIE ConstructionnPipeline Report

Future looks good

But activity only forecast to increase by about 3% pa from 2026 thru 2025

Chart will please Mark

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Crackity

#571
Jan 16, 2026, 10:32 AM
Marks time must surely be up soon.

Promised so much delivered so little

BlackPeter

#572
Jan 16, 2026, 10:55 AM
Quote from: Crackity on Jan 16, 2026, 10:32 AMMarks time must surely be up soon.

Promised so much delivered so little


He started as interim CEO in 2017 and since early 2018 he was full time CEO. Looks like he survived the 5 years (2023) - i.e. next big milestone for him would be early 2028.

Maybe the recent trend (if it keeps) might help him, but yes - his optimism clearly exceeded his achievements. Maybe he should try himself as stock analyst?

Crackity

#573
Feb 25, 2026, 08:43 AM
Results out

The Front Cover snappy tagline should read Basket Case instead of Stronger Together

Left Field

#574
Feb 25, 2026, 08:55 AM Last Edit: Feb 25, 2026, 08:56 AM by Left Field
Quote from: Crackity on Feb 25, 2026, 08:43 AMResults out

The Front Cover snappy tagline should read Basket Case instead of Stronger Together

Here's the report ..... more losses.

https://www.nzx.com/announcements/468115

Net loss after tax of $(12.4)m. No dividend has been declared.
"The difficulty lies not in new ideas... but in escaping from old ideas." (J M Keynes.)

BlackPeter

#575
Feb 25, 2026, 11:40 AM
Quote from: Left Field on Feb 25, 2026, 08:55 AMHere's the report ..... more losses.

https://www.nzx.com/announcements/468115

Net loss after tax of $(12.4)m. No dividend has been declared.


Oh dear. Analysts predicted for full year a loss of 9 cents per share. Given that they lost already 7.4 cents in the first HY, I hope that the second HY will be better - with a smaller 2HY loss.

Clearly some light at the end of the tunnel? Lets hope FY 27 will be still better?

Shareguy

#576
Feb 27, 2026, 03:38 PM Last Edit: Feb 27, 2026, 03:50 PM by Shareguy
Gosh what a result. Forbar say sell and target price reduced to 50 cents.

Craig's say sell and target price reduced to 50 cents.

Craigs say "We expect STU will remain loss making in the near-term and we see significant risk in regard to the Group's B/S positioning."

Forbar say "Net debt continues to rise, reflecting operating losses partly offset by working capital management. This is not a sustainable position"


Shareguy

#577
Mar 04, 2026, 05:32 PM
Just caught up with someone in the industry and a competitor of STU. Made the comment that things are not getting any better and in some cases are getting worse especially with the structural fabricators.

Made the comment that there is a lot of talk about STU surviving.

winner (n)

#578
Mar 04, 2026, 07:02 PM
Quote from: Shareguy on Mar 04, 2026, 05:32 PMJust caught up with someone in the industry and a competitor of STU. Made the comment that things are not getting any better and in some cases are getting worse especially with the structural fabricators.

Made the comment that there is a lot of talk about STU surviving.

I quickly did the Altman Z Score on STU

Came out as -

Gray zone: The quality of the financial structure of the company is average. The payment behavior has to be monitored closely. Default risk is present but not major.

But not far off -

Bankruptcy Zone: The financial situation of the company is very deteriorated. A soon bankruptcy is very probable.
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