Yes it is. Maybe it’s because we’ve got the biggest building boom in recent history. A Lazy balance sheet with plenty of cash and no debt and a NAV not far from the current sale price.
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Yes it is. Maybe it’s because we’ve got the biggest building boom in recent history. A Lazy balance sheet with plenty of cash and no debt and a NAV not far from the current sale price.
Not 100% relevant to STU (although they are named as a stage 3 producer) but NZ Steel are attempting to shut down imports of zincalume rolled steel from Korea and Taiwan on the dubious claim of "dumping". Such a claim is laughable and without merit given volume constraints imposed by exporters. The export prices they quote are not correct. What we have is an inefficient local producer trying to get protection for their patch, while gouging locals. No thank you.
https://www.mbie.govt.nz/dmsdocument...dumping-duties
and
https://www.mbie.govt.nz/dmsdocument...rea-and-taiwan
Most would be hoping the CEO is doing a fair bit more than just organising a buy up of a bundle of STU shares .. ;)
Any other signs of perhaps increased activity being emitted ? ;)
Any other beeps, pings, muffled yells, or increased tea trolley service in the Boardroom's general direction yet ?
I did a lot of reading and thinking on STU, thought they were chronically undervalued, held and watched a little while, second-guessed myself, didn't hold the faith. Bought a parcel at $0.70 in april 2020, sold at a small loss in october 2020 when I decided I must be missing something...
Mark acquired those shares from Ngaire Malpass
Whats the gossip