BSL has no option but to sell assets. However, to sell now means receiving a lousy price well below book value. But it is a question of survival now for BSL. Flat steel is available for half the price 8 months ago..... yet sales are down severely. A deadly combination. OST rose over 4% today. Long steel products have also dropped in price but sales are far better and most importantly.... have far better prospects. BSL cannot regain its former high for a very long time IMO. Holders can use as a tax loss against capital gains on other stocks. The demise of BSL is largely(not solely) due to grandiouse dreams of management during the boom. A pity because less ego in the boardroom and the BSL SP would be 2-3x its current level. Avoid.
what can we expect in the near future?, page-19
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Last
$21.90 |
Change
0.490(2.29%) |
Mkt cap ! $9.616B | |||
| Open | High | Low | Value | Volume |
| $21.78 | $22.00 | $21.69 | $57.67M | 2.631M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2193 | $21.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.91 | 1786 | 2 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| BSL (ASX) Chart |