STU - Steel & Tube Holdings

[Cod]

As I had hoped.....stunning, highest revenue ever.

[Shareguy]

I'm a happy camper. Upwards and onwards. PE of 6.9 must be a mistake. And that yield......

Insert from report

The Board is pleased to have declared a final dividend of 7.5 cents per share. This takes full year dividends to 13.0 cents per share, representing 71% of Adjusted NPAT and equating to a gross yield of 11.4%. This is in line with Steel & Tube's policy to pay out 60% - 80% of Adjusted NPAT to shareholders

Shareholder Returns
Steel & Tube delivers a high dividend yield
FY22 Dividend: 13.0 cps
Represents a dividend yield of 11.4%*
Payment of 71% in line with Steel & Tube's dividend policy of 60% - 80% of Adjusted NPAT
Earnings per share (cps): 18.3
Net Tangible Assets per share: $1.22 Price earnings ratio: 6.9
Total Shareholder Return: 19.1%
* Based on share price of $1.27 as at 30/06/2022
TSR: Total Shareholder Return. This is calculated using (Closing share price – opening share price +

[lorraina]

An excellent result.

[Arbroath]

Excellent but expected given there guidance after 10 months...

Partially imputed dividend is good and FY23 should see fully imputed dividends

[winner (n)]

Solid result and came out as expected

They keep on about how great gross margin is improving

Great chart they put in their presentation - pretty cool eh

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[winner (n)]

I've amended that Gross Margin 'improvement' chart to tell a more realistic picture of how things are going -improvement still needed
T

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[Shareguy]

Some big volumes going through.  Looks like institutions have woken up maybe.

[Left Field]

Investor forum today.....

Presentation here; http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/STU/398298/378442.pdf

FY22 Dividend: 13.0 cps
Represents a dividend yield of 11.4%*
Payment of 71% in line with Steel & Tube's dividend policy of 60% - 80% of Adjusted NPAT
Earnings per share (cps): 18.3
Net Tangible Assets per share: $1.22 Price earnings ratio: 6.9
Total Shareholder Return: 19.1%

[Shareguy]

Last day to bag that divi.

[Shareguy]

Copy of invester call

https://finance.yahoo.com/news/edited-transcript-stu-nz-earnings-210000954.html

Note fully imputed divi going forward.

The benefits of the current strategic initiatives are expected to commence in this financial year and be fully reflected in results from 2024 financial year. Our goal is to continue to deliver sustainable double-digit growth

[lorraina]

I sent in a question asking their thoughts on Jarden's research that stated STU's revenue and NPAT would reduce in the next couple of years.
The question was never asked,however your post answers it.
"The benefits of the current strategic initiatives are expected to commence in this financial year and be fully reflected in results from 2024 financial year. Our goal is to continue to deliver sustainable double-digit growth"
 

[Cod]

I suspect that it is the digitization of their supply workflow which allows them to better react to changes in demand and focus on high value add products that has been the biggest result of "project strive", it is their ability to pivot and preorder, that's where the profits are coming from.

[teabag]

Divvie thru today

[Shareguy]

https://www.rnz.co.nz/news/national/475802/uplift-of-15pc-in-earnings-for-steel-and-tube-holdings

STU are going to have another great year. I'm picking will re rate once first half announcement out. Happy holder

[Arbroath]

Volumes were unchanged and prices up again but so are their input costs.

I hope they have another great year but it's definitely not a sure thing at this stage.