bsl is a cyclical business. 2017-2018 when you were referring to the stock price being $18 was when they were in the sweet spot. Steel price, iron ore price etc higher profit margins etc. I think they did a pretty decent job during that time to strengthen their balance sheet so they didn’t have a repeat of 2008 during the gfc. The steel business has been in a bit of a downturn for the last year or so but they are in a much stronger position now than previously. A few decent projects such as expansion of the North Star plant. Domestic market still seems strong. Still not following the nbn link? Are you trying to say that the nbn requires HRC for the interconnectors?
Ann: FY2020 Results Investor Presentation, page-20
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Last
$21.81 |
Change
-0.220(1.00%) |
Mkt cap ! $9.577B | |||
| Open | High | Low | Value | Volume |
| $21.74 | $21.93 | $21.65 | $16.52M | 758.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1029 | $21.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.81 | 1265 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| BSL (ASX) Chart |