BSL 1.04% $21.85 bluescope steel limited

Only 4 weeks to go to the FY23 results and we haven't seen a...

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  1. 1,718 Posts.
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    Only 4 weeks to go to the FY23 results and we haven't seen a update to the profit forecast so it should be a very good result. It will be interesting to see how much extra volume comes out of Northstar and whether the strategy of purchasing both upstream (Scrap) & downstream (Distributor) businesses around Northstar has worked and is generating significant profits. No matter how good the results and whether further buybacks are announced the share price will fall after the announcement if the 25c dividend is maintained. You can now get much better short term yield form bank account interest.
 
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