Some sanity prevails this morning with stock price climbing in response to a spectacular 1HY result. Despite BSL's ultra conservative forecast for 2HY, I am hopeful for some analyst upgrades coming through as market conditions hold strong. Something tells me this cycle is a little stronger and longer than previous cycles.
The 13% increase in domestic sales volume in 1HY, should continue into 2HY. With reported earnings at 329.1 cps, I still believe that FY reported earning can reach $6. That means we are currently trading on a P/E of a little over 3. I know it is a cyclical industry, but that is still a very low historical P/E for BSL.
I am in for a circa $26 share price and a P/E above 4 over the next 4 months. I expect some profit upgrades from BSL over the next 3 months.
FT
Ann: 1H FY2022 Results Press Release, page-11
Add BSL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$21.26 |
Change
0.070(0.33%) |
Mkt cap ! $9.404B | |||
| Open | High | Low | Value | Volume |
| $21.37 | $21.49 | $21.22 | $33.25M | 1.545M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6715 | $21.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.39 | 5463 | 2 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$21.36 |
Change
0.070 ( 0.31 %) |
||||
| Open | High | Low | Volume | ||
| $21.36 | $21.49 | $21.22 | 188734 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| BSL (ASX) Chart |