STS 0.00% 72.0¢ srg limited

Another post with absolutely nothing to back it up. I always...

  1. 73 Posts.
    Another post with absolutely nothing to back it up. I always wonder what the motive is for people who suddenly post on a stock.

    Moonlight Sonata - am happy to enter into constructive debate about STS if you are willing to try and support your views. You state STS management have always underperformed - which is ironic given STS are currently celebrating their 50 year anniversary making them one of the longer standing companies listed on the ASX.

    To your forecast of EPS of 6cps, a PE ratio of 12 and a poor dividend yield. Have you read the interim results?

    - Interim dividend paid of 1.5cps, forecast full year dividend of between 3 - 4cps which at current SP equates to a decent yield of 4 - 5.5%. Find me a company with a dividend yield of 5.5%, relatively debt free and a net tangible asset backing per share greater than the current SP.

    - The EPS of continuing operations in the interim results was 6.8cps. Struggle to see how full year EPS will be 6cps given work on hand at December was $164 million and no announcements since the interim results to suggest the second half will run at a loss.

    Ramp on BBR? Did you hear something I didn't. Majority of interview around 50 years in business, it touched on nature of contracting but nothing in there whatsoever 'ramping' STS.
 
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