My thoughts:
Was expecting BSL to beat guidance for 1H due to how other US Steel companies have done. Unfortunately there was no pleasant surprise.
Good cash flow, and strong balance sheet.
Dividend was low, but increase in buyback is good.
Forecast is miserable and probably too optimistic.
Interest rates are still going up and going to go up further.
China re-opening will increase demand for iron ore, so costs will go up, and decrease steel price as they start flooding the market.
Overall, this is as good as it gets.
So CUT my losses and run.
Ann: 1H FY2023 Results Presentation, page-12
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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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| BSL (ASX) Chart |