BSL 1.46% $21.53 bluescope steel limited

broker ratings, page-46

  1. 643 Posts.

    From Marcus Today:

    "•BlueScope Steel (BSL) said it will complete construction of its second metallic coating line in Indonesia due to rising local demand. It has spent $US86m on the project and expects further capital cost of another $US40m.

    •Despite BSL underperforming the market by 41.8% in the past year, it still trades on a FY10 PER of 27.2x, compared to the 14.9x of the overall market and 16.2x of the rest of the sector."

    Those PER numbers are out of whack due to the capital raising earlier in the year I think.

    Can anyone comment on that as they're a bit hard to work out?

    talktome
 
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