Sorry, I was working out the yield on this years divs which is 2x4c =8c for this year which = approx 6.4% at $1-25c
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Sorry, I was working out the yield on this years divs which is 2x4c =8c for this year which = approx 6.4% at $1-25c
Market is hard to please....heading down $1.20
Auckland Branch members of NZ Shareholders Association are taking part in a site visit to Steel and Tube's East Tamaki premises this morning including a tour of Coil and Purlin and also Roofing next door, followed by a Q & A and lunch. This company employs over 800 folk across 27 sites countrywide, supplying a wide range of steel products and solutions, and in August announced the purchase of Kiwi Pipes and Fittings, a specialist provider in fire protection and water reticulation products.
I am not, and never have been, a holder so have booked for the occasion and hope to glean a better understanding as to how it is. These regular company visits are just one feature of NZSA membership, which I commend to readers/posters on this Forum, and have ramped up again post Covid. I have been a member for quite a few years now simply to add my appreciation for the ongoing and valuable work they do to benefit retail shareholders on the NZX and do not begrudge the annual fee for that reason. I also have conferred on NZSA a standing proxy for all the entities I control or influence to vote their holdings, as there is strength in numbers.
So give them a thought.
Vulcan say ebitda for last 4 months down 29% on last year
Lower volume, lower selling prices and higher costs they say
Hope STU not doing as bad
https://www.nzx.com/announcements/423145
Steel & Tube Holdings Limited (NZX: STU) advises that it intends to issue 70 free shares to each of its team members, as part of its 70th anniversary celebrations. The formal issue of the shares is planned for early in the new year and will be based on the number of full time and part time employees working for the company (estimated to be approximately 850 people).
CEO of Steel & Tube, Mark Malpass, said: “This recognises the vital contribution that our people make to the success and longevity of the company. We already have a highly engaged workforce and this is another way we can engage with and reward our team members for their efforts. We look forward to having them as owners in our business.”
Steel & Tube is working with Sharesies to facilitate the issue of shares in the new year.
Pretty generous eh Bob
Nothing like employees owning shares in the company
Waste of time. Should have given them a $100 paknsav voucher