STU - Steel & Tube Holdings

[entrep]

Calling it - 20c or lower raise.

[Crackity]

Craigs say not back in profit til 2028 at earliest.

And

Given the challenging macro backdrop and the fact STU remains loss-making with elevated levels of debt, we continue to see risk skewed to the downside. On this basis, we maintain our U/W recommendation.

FB say

There is little room for error; we believe STU is currently close to the maximum end-of-month debt that the current NZ$80m total facilities allow for given intra-month working capital requirements. Also, STU's net debt is now c.80% of its market capitalisation, in line with levels prior to its 2018 equity raise

Our U/W recommendation  - lol - grow a pair Craig's and call it a sell


I reckon stick a fork in it and call it done

[winner (n)]

Thought of Mark and his team watching the Knicks coming from 29 down to win their NBA game the other day

Like best teams fight against that drift. UThey stay aligned. They create clarity. They keep showing people how they're doing and where they're headed. Not because certainty guarantees success, but because confusion almost always guarantees failure.

By the final buzzer, the Knicks did more than win a basketball game. They reminded me what can happen when Mark refuses to let the shareprice determine the story.

Keep at it Mark, you can lead STU to greatness again.