Weak consents data for January said Stats NZ
And STU share price fall to multi month low
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Weak consents data for January said Stats NZ
And STU share price fall to multi month low
Not sure it will get to $1 with such a good yld of 9.3% at $1.24.
You'd be right there too, Spiral downhill to Sep 2019 ; Cap Raise to rescue things in past history, 2020 Co Fin Year - Nil Int or Final Div.
2022 sort of signalled better times, then what transpired in April 2023 Interim ?
All over the place & Div's dont' necessarily correlate with prevailing industry / or local economic conditions
The weather appears to be a bit more predictable :)
A lot of dividends were cancelled, reduced or delayed with the onset of covid in 2020. Companies being cautious at the time.
STU ticks all the boxes for me.
Business got rid of dead work and right sized and fixed their balance sheet.
Now has a strong balance sheet.
Low debt.
Good cash flow.
Doing good profitable bolt on acquisitions,.
Good directors and management.
Very modest ratios together with a great fully imputed divie.
Outlook sound.