Steel prices continue to go to higher levels with high demand in both Australia and USA driven by reduced import levels due to reduced global production. Massive BSL profit will now be set for FY21 H2 with most orders already booked to the end of June 2021. I am now surprised we haven't seen a profit upgrade. I can't wait to see how much of the tax loss will be wiped from the books by the end of FY21.
BSL's Market Cap at $10.7B is still massively below the $26B it was back in 2009 . Still a long way to go if BSL can get to the stage of converting money spent on expansion & buybacks to franked dividends.
Ann: Preliminary unaudited 1HFY21 underlying EBIT of around $530M, page-88
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Last
$20.43 |
Change
0.110(0.54%) |
Mkt cap ! $8.990B | |||
| Open | High | Low | Value | Volume |
| $20.32 | $20.58 | $20.15 | $35.06M | 1.717M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 308 | $20.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.43 | 3123 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BSL (ASX) Chart |