Agree. More likely purely and simply a re-rating of the stock (which is long overdue) underpinned by defense sector valuations, and hopefully a strong H1 result. Priced at $4.50 this is still only a 12x PER stock which is cheap for a growth stock underpinned by high margin defense sector plate revenues. It is possible based on the above that the market could re-rate BIS to a >$5.00 stock. This is not financial advice and only IMHO.
News: BIS Australian steelmaker shares soar after AUKUS submarine contract, page-15
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Last
$3.46 |
Change
0.090(2.67%) |
Mkt cap ! $165.2M | |||
| Open | High | Low | Value | Volume |
| $3.38 | $3.49 | $3.37 | $305.9K | 89.58K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 700 | $3.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.48 | 2794 | 2 |
View Market Depth
| Last trade - 11.23am 30/09/2024 (20 minute delay) ? |
| BIS (ASX) Chart |