Agreed steel prices can turn quickly however BSL is structurally a much better company now than it has been anytime in it's history and should now be profitable throughout the price cycle. I believe the tax loss still on the books is the one thing holding the share price back, The EPS at $2.35 in FY21 indicates the dividend could have been triple what has announced however it would not be efficient for shareholders to give out such a large unfranked dividend and therefore they opted for the $500M buyback.
Ann: Preliminary unaudited FY21 underlying EBIT of approx $1.72Bn, page-38
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Last
$20.32 |
Change
0.400(2.01%) |
Mkt cap ! $8.942B | |||
| Open | High | Low | Value | Volume |
| $19.92 | $20.32 | $19.61 | $40.11M | 1.987M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | $20.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.32 | 1903 | 2 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| BSL (ASX) Chart |