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.
Agreed steel prices can turn quickly however BSL is structurally...
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Last
$20.51 |
Change
0.350(1.74%) |
Mkt cap ! $9.025B | |||
| Open | High | Low | Value | Volume |
| $20.15 | $20.62 | $20.08 | $24.72M | 1.207M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 19859 | $20.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.52 | 2656 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| BSL (ASX) Chart |