Wasn’t implying anything at all
They did use the word expected on 23rd May
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Could "We live in hope" be more to the point,than expected.?
We live in interesting times.
That preso presents a compelling case to get in while the shares are cheap as ....very impressive
EBIT going from $14m this year to $25m next year and then $40m a year or so later is very impressive. (even though they were achieving those sort of figures a few years ago)
The $25m is going to mean F19 EPS is about 10 cents (I think allowing for the new shares) ....so based on this how high can the share price go over the next year?
Only thing that would worry me is that all the talk about the booming market and all the great things to improve efficiiency / productivity etc echos of Metro Glass.
HaHa , still holding VOC and enjoying the bounce, just 100% more lift to go and im in the money:eek2:. The CEO built it up buying buying buying paying far too much , spinning bull dust then sold out at the top!! And left, b'stard.
I hold STU indirectly. The options are,sell at the bottom, do nothing and be diluted or take up spp and believe newish management really have sorted it (ERP scapegoat, legacy issues , insurance will pay bulk of fines for dodgy mesh). Im thinking the last approach atp.
pretty much sums it up. damned no matter what you do really eh JT.
I have a small holding, purchased before the 'building boom'.... lesson learnt; say no more.
Its not huge sums so not that bothered, but will throw some extra cash at it and average down. Long term play though.
I don't believe insurance will cover anything (cant insure negligence?) and then there is still that pesky risk of a class action (where no one wins except the lawyer trying to instigate it).
Not expecting a divi anytime soon either, but reckon those beaten down building stocks are all at the bottom of their cycles and should come good eventually.
new management look okay. will watch to see how it plays out
Does anyone have any insights as to the full extent of liability for supplying dodgy mesh/steel that has been incorporated into a construction? I.e. how far could this issue actually go, would buildings have to be rebuilt and to what extent is STU really covered by insurance?