STU - Steel & Tube Holdings

[winner (n)]

Director Reindler been buying shares

Mark must have told him they undervalued .....and cheap as

Always good sign when Directors are buying

Expect to see some more disclosures next week

[Ferg]

Was just a casual observation yesterday.

For what's it worth this century there has been a strong correlation between annual readymix production and annual STU sales.........also for what it's worth statistically readymix production numbers 'explain' about 77% of STU sales

That's a lagging number so I looked at consents data for this century as a leading indicator. That showed a pretty good correlation between consents and STU sales with a year lag.

STU must have some method of predicting future sales volumes. That's stupid isn't it as even they can't predict the future so let's call it a forecast. In their forecasting models they obviously use things like consents data as most of their presentations have a rave about industry indicators.

Again for what it's worth consents are predicting quite a fall in steel volumes over the next 18 months.

Nothing wrong with forecasting and seeking leading correlations/indicators. It's what analysts (should) do.  Nice work on the consents correlation by the way.  Both macro and micro factors come into play when forecasting volumes and sales etc.  Macro as in economic & industry specific indicators and forecasts, plus futures pricing on key raw materials provide valuable insights into future input cost prices and potentially demand.  Micro factors or indicators also provide valuable insights; such as activity within key clients, branch or competitor activity, data trends etc.  Some data will be available to external analysts, but a lot will not so we have to work with what is available.  77% explained sounds like a strong enough indicator to me; is that a +0.88 correlation?

[Teitei]

Director Reindler been buying shares

Mark must have told him they undervalued .....and cheap as

Always good sign when Directors are buying

Expect to see some more disclosures next week

Thanks to your fine ramping down efforts (along with nztx), I managed to get reset at $1.01 this week.  Happy to hold and add more of the sp should fall below $1.00 again.

I did think that the sp would fall below 90c but I think unlikely to now with directors and management buying.

Don't think that there will ever be a takeover with this outfit as it's stalemate territory with its shareholding but stranger things have happened.

Cheers!

[winner (n)]

I see at Deloittes Top 200 Awards late last year Vulcan Steel won Company of the Year Award

Steel and Tube were a finalist in the Most Improved Performance category which Fonterra won.

[winner (n)]

Thanks to your fine ramping down efforts (along with nztx), I managed to get reset at $1.01 this week.  Happy to hold and add more of the sp should fall below $1.00 again.

I did think that the sp would fall below 90c but I think unlikely to now with directors and management buying.

Don't think that there will ever be a takeover with this outfit as it's stalemate territory with its shareholding but stranger things have happened.

Cheers!

Good on you mate .......always good buying around a buck


Probably Susan sent a note round the team 'suggesting' they buy a few of the undervalued cheap shares .......always looks good and gives a bit of warm fuzzies to the market.

[winner (n)]

Good on you mate .......always good buying around a buck


Probably Susan sent a note round the team 'suggesting' they buy a few of the undervalued cheap shares .......always looks good and gives a bit of warm fuzzies to the market.

And Mark being good fellow and following instructions .....wonder when Susan makes a disclosure

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/STU/411420/394367.pdf

[Teitei]

And Mark being good fellow and following instructions .....wonder when Susan makes a disclosure

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/STU/411420/394367.pdf

Excellent downramping effort, W69.

I think you ended up scaring yourself at the downgrade result and bailed out to mark? 

I was happy to partake at $1.01. Fine effort again, W69!

[Left Field]

Budget spending $6 Billion for infrastructure resilience a helpful tailwind for STU.

SP up about 9% from recent lows.

[winner (n)]

Dwelling consents collapsing. Stats NZ say re April numbers '"April 2023 marks the third consecutive month that the number of homes consented has been down by more than 25 percent when compared with the same month of the previous year,"

Jeez down 25% and the non-residential data doesn't look too flash

These numbers must mean something to STU as they put charts of such stuff in their presos

[winner (n)]

STU share price going gangbusters off late

Maybe getting into Overbought territory

Might drop back to 105 again

[Crackity]

Revenues have continued to grow driven by elevated international pricing, with higher input prices and cost pressures impacting margins.

While we are expecting volumes to be 10% to 15% lower in the second half of the financial year compared to the first half year, we have a resilient platform exhibited by significant reductions in debt and inventory positions, and solid underlying cash generation.



STU shareholder newsletter released to NZX today 🤔

[winner (n)]

Revenues have continued to grow driven by elevated international pricing, with higher input prices and cost pressures impacting margins.

While we are expecting volumes to be 10% to 15% lower in the second half of the financial year compared to the first half year, we have a resilient platform exhibited by significant reductions in debt and inventory positions, and solid underlying cash generation.



STU shareholder newsletter released to NZX today 🤔

Future looks good though ...plenty of opportunities coming up

[Shareguy]

Update all seems very positive. Good to see that Aluminium entry has worked out.

[winner (n)]

Hope STU don't come out with a tale of woe and misery similar to Vulcan Steel's little announcement this morning

[winner (n)]

Hope STU don't come out with a tale of woe and misery similar to Vulcan Steel's little announcement this morning

No woe and misery. ....all going well in STUland

Full year profit about what they said ....but still not a very good year

Market happy these days so May see 120/130 soon

Shareguy and others will be happy as