BIS 3.04% $4.95 bisalloy steel group limited

12 submarines , page-17

  1. 9,694 Posts.
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    Hey bonehead
    The 6 hulls required by govt for collins class made bis SP look ridiculous just look back to financial year when hulls were delivered.The profit is massive and so it should be because of govt defense sales restrictions.But i hold bis because of the mining and construction supply with the extreme potential of the sub order.
    austral doesn't manufacture the nimitz but they manufacture other naval vessels for the US thats why they have a manufacturing plant in the US.i don't think bis has any connection to austral maybe they do but the reason i mentioned austral is the close connection between the US and australia regarding security and it makes sense the US makes sure we spend billions this time on a decent sub.
    By memory bis potential is 65,000 tons the 6 collins sub order was around 15% of capacity but it was the profit margin thats clearly of interest.
 
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