I read Ormond's posts on a regular basis and i placed an order yesterday for STS at 66c. Has now been filled. Looking at FY11 EPS of about 11c and 4c final div in their august results. The rock crushing sector provides steady coninuous income. Hopefully the shambles in Meridian and elsewhere have been fixed and precautions taken to prevent a re-occurance. At current SP on a PE of 6 which gives me hope we are at/very near the bottom. Poor liquidity makes this a share to hold rather than trade. dyor.
STS Price at posting:
65.0¢ Sentiment: LT Buy Disclosure: Held