Psychorex (@Psychorex) on getquin

2Mon·

A new candidate made its way into the portfolio today. $STO3 (-0.88%) [Buy price = 117.80 plus expenses per share]

STO recently reported weaker prospects in the construction sector and announced an adjustment to its forecast for 2025 and 2027 due to the current interest rate and the weak economy in the construction sector. The EBIT guidance had to be halved. As a result, the share fell by around 18% on 24.07.

[Many thanks at this point to @Smudeo for the correct hint and the correction]

The share has been moving sideways for a month and is currently close to the 52-week low and, in my opinion, a good candidate for a dividend portfolio.

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We'll see whether I've $STO3 (-0.88%) or whether the dividends will make my heart as warm as the houses with STO's insulation.

7 Comments

Dividendenopi@Dividendenopi

2Mon

Courageous.... still generate almost 80% of their sales in Western Europe and almost half of that in Germany with our flourishing construction industry 😒. Forecast for 2024 as a whole adjusted significantly downwards, figures are quite weak. In my opinion, there are better candidates for dividends. Good luck with your investment.

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Iwas M.@SSIT

2Mon

Hmm, it's just a turnaround bet. But even if it works out halfway, I don't see how it can outperform the usual market return in this period.
All the best to you and your investment, of course, and may you prove me wrong in a few months' time ;)

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Smudo@Smudeo

2Mon

Sto's 2024 guidance ( DE0007274136) in April was a sign that the building materials supplier had put the worst behind it.
On Wednesday (24 July), Sto halved its EBIT guidance due to the persistently weak construction sector.

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Patrick Schäfer@Hotte1909

2Wk

Have they actually announced short-time working now? I'm curious to see how this will affect the share price next week.

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