Not sure everything is that bad on the face of it...
CEO/Board members - there have been some departures but more involvement now from Balkin/Balron, Southern Steel etc
On anti-dumping - aren’t Bisalloy the applicants, with SSAB alleged to be dumping - and therefore a case of upside risk (rather than downside risk) for Bisalloy? Previous case here: https://www.industry.gov.au/regulations-and-standards/anti-dumping-and-countervailing-system/anti-dumping-commission-archive-cases/506
Share price drop has been on low volume relative to the fall - perhaps some games being played in the absence of a strong bid side?
In terms of fundamentals, EPS of 7.2c for the half year seems very solid, and balance sheet gives comfort with NTA backing of 84.7c per share - so arguably more upside than downside from here.
Ann: Half Year Accounts, page-3
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Last
$4.05 |
Change
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Mkt cap ! $193.1M | |||
| Open | High | Low | Value | Volume |
| $4.08 | $4.08 | $3.95 | $386.8K | 96.38K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 442 | $3.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $4.05 | 7901 | 1 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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$4.01 |
Change
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| $4.00 | $4.06 | $3.96 | 4897 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
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