agm expectations, page-13

They might roll out a Picasso but it will be covered in lead paint and the signature will be spelt Picarso.
I was of the understanding that china didn't import steel as it was a major exporter.
They import massive amounts of the raw materials like with everything else but isn't everything made in China?

At the AGM i expect to hear that the asian operations performed strongly as usuall(perhaps even better than expected), the high AUD has impacted earnings although continued cost cutting and efficiency improvements have helped to ease the impact of this and that they expect a modest profit in the first half leading to a slightly stronger second half.
I severely doubt they will drown in debt as the gearing level at last count was only 9%, so they are running a pretty lean outfit at the moment and the shareprice is essentially set for a near collapse of the company.

Lets face it, we are a while off getting booming results but anyone betting on a collapse of BSL, or even the post of a large loss is probably going to get burned when it just doesn't happen.
I severely doubt they would have paid a dividend if there was even a remote chance of posting a large loss at the next update, it would absolutely demolish any standing management had in the eyes of shareholders.

One thing i would love to see is some sort of earnings estimate from mangement, this has been sorely lacking of late and could provide some real support for the shareprice. Although i still don't think we will get one just yet as things are just too unpredictable and management will not want to issue an earnings estimate and then come out and say they were wrong.

PS: Just for giggles i'm gonna go out on a limb and predict that management will stress multiple times that whilst conditions are tough they will remain profitable.