STU - Steel & Tube Holdings

[winner (n)]

Always good to see Directors buying

Chris Ellis bought another 10,000 shares ...at $1.03

His only previous purchase was 10,000 shares at $1.25 six years ago

Chris is a Fletchers veteran and been Director of STU since 2017. From all accountec real good guy

Positive sign this purchase

[entrep]

Ouch, someone been selling non-stop last few days.

[LoungeLizard]

Oh dear, back to 90c. Really thought things might be picking up by now, but STU is clearly going to stay out of favour until the projected infrastructure spend starts to materialise. Until then, nothing is going to get the big boys back in the game.

[winner (n)]

Oh dear, back to 90c. Really thought things might be picking up by now, but STU is clearly going to stay out of favour until the projected infrastructure spend starts to materialise. Until then, nothing is going to get the big boys back in the game.

Might start materialise in 2027

[LoungeLizard]

Might start materialise in 2027

Well the Infrastructure commission projects $12b spend this year and $11.6b next year. And $44b of projects with funding confirmed or currently under construction. One would like to think that a chunk of that would flow STU's way, but so far neither it's accounts or the market show it.

disc. still holding. still waiting. 

[winner (n)]

Well the Infrastructure commission projects $12b spend this year and $11.6b next year. And $44b of projects with funding confirmed or currently under construction. One would like to think that a chunk of that would flow STU's way, but so far neither it's accounts or the market show it.

disc. still holding. still waiting. 

Big numbers but still lower than we've seen in the recent past ....... So no real growth likely for STU (until 2027 at earliest)

[LoungeLizard]

Big numbers but still lower than we've seen in the recent past ....... So no real growth likely for STU (until 2027 at earliest)

I think - or perhaps, because we have to put faith in politicians, it's more like hope - that we'll see spending jump before then. Maybe the fast track systems that the Nats are putting in place will accelerate things?

[winner (n)]

Things not going that well at Vulcan last 3 months

Don't be surprised if STU follows suit with a similar dismal story

[LoungeLizard]

Things not going that well at Vulcan last 3 months

Don't be surprised if STU follows suit with a similar dismal story

I'm afraid you may be right. STU are good litmus test of the state of the real economy - are we building, growing, modernising infrastructure? The answer unfortunately appears to be no.But hey, houses prices might be going up again, so no need to worry...

[BlackPeter]

Things not going that well at Vulcan last 3 months

Don't be surprised if STU follows suit with a similar dismal story

No sure about STU, however - my connection into one of the other steel suppliers / retailers tells me that they are after a somewhat slow winter back again with all hands (and overtime) on the deck ...

Anyway - probably not the best time to make stock decisions firmly with the view into the rear mirror, but - is there anytime when this is a good guide?

Interest rates dropping, spring has arrived, the councils have thanks to rate increases more money to repair their rotten water pipes, and Team NZ happened to keep the Americas Cup ... what could possibly go wrong?

[winner (n)]

Readymix volumes down again Sept Qtr says Stats NZ

Heard nothing from Mr Malpsss for a while ...suppose at AGM in a week or so  he wil tell us his prediction is the market recovery will happen in 2025 still expected in 2025

[winner (n)]

As expected STU losing money at the moment


Tough times continue but it'll all be OK one day ..... like they said '. This trend is expected to start to reverse in the new financial year as the cycle turns.

Does that mean F26 ...ie late next year for things to get better

https://announcements.nzx.com/attachment/432014.pdf

[winner (n)]

STU revenues down 42% July/Oct

Vulcan revenues down 13% July/Sep

Hmmm

[Poet]

STU revenues down 42% July/Oct

Vulcan revenues down 13% July/Sep

Hmmm

Revenues down $42m not 42% (actually 24%)

[winner (n)]

Revenues down $42m not 42% (actually 24%)

Yes you are correct

So 22% down