I’m sorry if I wasn’t clear. BSL’s equity per share at last report was a bit over $22.
ROE is likely to be around 10% this year.
At the moment the market values that equity at $20.
The implied return to the shareholder is 11% partly as dividend, partly as a further increase in the value of the equity - if the market continues to apply this discount.
Generally speaking, as long as a company is performing ok prices will rise as equity rises. If the company does well the share price will usually be greater than the equity per share. Patience is required.
I have bought BSL a number of times since 2019 always at less than the equity value per share, for instance in 2020 at $8.97 when the equity was about $13/ share. Return since first purchase in 2019 is 23.4% p.a. if sold today.
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Last
$21.62 |
Change
0.000(0.00%) |
Mkt cap ! $9.514B |
Open | High | Low | Value | Volume |
$21.31 | $21.64 | $21.27 | $35.93M | 1.667M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1063 | $21.51 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$21.62 | 3685 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1063 | 21.510 |
1 | 4689 | 21.500 |
2 | 4689 | 21.490 |
1 | 11600 | 21.480 |
2 | 7248 | 21.470 |
Price($) | Vol. | No. |
---|---|---|
21.620 | 3685 | 1 |
21.640 | 5752 | 5 |
21.650 | 1621 | 2 |
21.660 | 4689 | 1 |
21.680 | 4689 | 1 |
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