Forecast for underlying EBIT is $700 to $770 million which will make EBIT for the year around the $1.6 billion mark
They are generating a lot of cash atm, what they do with it, nobody knows. They'll continue the buy back and will have about $1 billion dollars in the bank.
They may wait a little longer before offering a special dividend (more franking credits) or an off-market buyback to give that cash back to shareholders.
I've notice HRC prices have come off the last week which could have a negative on forecasts.
BSL Price at posting:
$20.29 Sentiment: Buy Disclosure: Held
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