The one thing that surprises me is that people actually think that interest rate hike will crash a company like BSL. The Fed Res and RBA cannot increase rates as much as they would like because wages are yet to go up. Central banks have never made a decision to force country wide defaults; so I don't quite agree that a company like BSL will feel the pinch in the next couple of years.
My opinion is that the markets will have to feel inflation for quite some time before wages can increase and then the central banks will be able to slowly tighten the tap. Unfortunately the amount of money printed in the last couple of years will always have an inflationary effect.
Moreover inflation is typically a good thing for an established cashed up company like BSL in an industry such as steel. interest rates will stay sub 5% for quite some time, and in that time, houses will be built to keep established house prices in check.
I honestly think this is a no brainer and the market has this company well undervalued. Only time will tell I suppose.
DYOR
D
Ann: BlueScope AGM trading update - confirms prior guidance, page-29
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Last
$21.14 |
Change
0.050(0.24%) |
Mkt cap ! $9.332B | |||
| Open | High | Low | Value | Volume |
| $21.13 | $21.26 | $21.06 | $18.22M | 861.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 150 | $21.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.14 | 8337 | 2 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$21.12 |
Change
0.050 ( 0.55 %) |
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| Open | High | Low | Volume | ||
| $21.13 | $21.26 | $21.07 | 141895 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| BSL (ASX) Chart |