STU steel & tube holdings limited

I looked at the STU website to find out how many shares and...

  1. 1,308 Posts.
    lightbulb Created with Sketch. 250
    I looked at the STU website to find out how many shares and options were on sisue and could not easily find the information.

    I looked at exploration and it seems that STU are farming out ground whereby an incoming JV partner earns interest by funding drilling. All this is fine, except that STU are not drilling any wells. So the only upside is dependent on the oil price. So why invest in STU when other undeveralued oil companies have an active programs?

    Conservatism is laudible, but it also means the upside is potnetially limited. So what is the upside of STU? We need to know the number of shares and options on issue, the value that the current reserves can be sold for, adjusted for debt and cash in hand. Does anyone on HC have these figures? Having said that, I am not a seller at he current price of 70 cents.

    There may be trading opportunties in STU but I think that this is a long term growth stock with minimal risk. Conservative, professional management is exactly what is needed in the current climate - but I would like to see a little excitement.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.