WOW what an upgrade.
https://www.nzx.com/announcements/383137
Printable View
WOW what an upgrade.
https://www.nzx.com/announcements/383137
EBIT in first half $16m ...... jeez they made $19m in the FULL year F21
Remember I did say I had heard that full year was heading to $25m to $30m
Always good buying around 110 .... Balance was probably lower than this
I’m picking full year EBIT $32 to $38m. Second half is traditionally much stronger.
Huge and super happy. But this is the time for STU to really make hay. Well done to Mark and team so far but let's really go for it. PS IMO Why make an acquisition when the lowest hanging fruit are on the trees in the orchard already. What's the point in buying another orchard? Maybe plant some trees for the future but it is all in front of the company already. An acquisition has the risk of being disruptive for management and directors when the existing business can provide organic growth and requires the full attention of directors and executives. That is the easiest path to regain recognition from the institutional market in the medium/long term. Just my thoughts.
I'm actually gutted as yesterday I had a little share buying binge with some surplus cash that came in. I had STU on my list, even click the buy button but didn't proceed to authorise it, because I went back and saw had it was drifting a bit and didn't anticipate the announcement today and thought I had a bit more time. Shame on me! It was a portfolio fringe buying day, adding small parcels, like harmony and vulcan, and also topping up on TRA which is a biggish one of mine. shame on me. all the writing was on the wall for this upgrade and I should have been on my toes a bit more. Good on others for their recent purchases though!
Will be interesting to see how share price performs. When you read the outdated analysts reports from Craigs and Forbar that have Stu making less this year. Just shows that you need to do your own research as they clearly don’t understand the market and Stu. As I have stated before this is my largest position by far and have been buying for some time. Like others I have the value over $2.00 share.
yeah those forecasts are re-donc-ulus .... really off-putting and you'd run a mile away if you believed them. just lazy. I admit I checked them yesterday when I was about to buy and they gave me some pause for thought. oh well - as people say, DYOR, as often its better than lazy analysts.