BSL is extremely undervalued if you are taking into consideration assets..BSL's PK facilty is worth $4 Billion alone, WPT (VIC) - $3 billion.
In terms of management, what would you like them to do? If you were in their shoes, what would be your choice to pull the company out of the gutter? Taking into consideration that the $AUD is high, domestic demand is weak, imports are cheap, exports are being sold at below cost, AND raw materials are through the roof...??? BSL's current position is woeful - but at no fault of management - each of the above mentioned are external factors (i.e out of managements control).
I do believe management should be forth coming more in terms of announcements to shareholders, but in terms of a solution to make the business profitable..goodluck. The only thing management can do at present is put the company in a position to capitilise on oportunities when the various factors holding them back at present turn around.
BSL Price at posting:
84.3¢ Sentiment: LT Buy Disclosure: Held
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