Agreed steel prices can turn quickly however BSL is structurally a much better company now than it has been anytime in it's history and should now be profitable throughout the price cycle. I believe the tax loss still on the books is the one thing holding the share price back, The EPS at $2.35 in FY21 indicates the dividend could have been triple what has announced however it would not be efficient for shareholders to give out such a large unfranked dividend and therefore they opted for the $500M buyback.
Ann: Preliminary unaudited FY21 underlying EBIT of approx $1.72Bn, page-38
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Last
$20.62 |
Change
0.480(2.38%) |
Mkt cap ! $9.074B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.62 | $20.15 | $43.52M | 2.123M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 463 | $20.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.62 | 12777 | 4 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| BSL (ASX) Chart |