what can we expect in the near future?, page-17

Deutsche Bank rates BSL as Hold 29/04/2009 03:49PM
BSL -- BLUESCOPE STEEL LIMITED
The broker believes Bluescope offers "solid" value at this level but the problem is $1.5 billion worth of refinancing due before 2012. The broker suggests BSL may have trouble in raising this money by 2012 and hence it would be prudent if the company reassessed its balance sheet.
The broker is thus warning of the potential for a $1 billion capital raising at a 30% discount to the current share price.
Target price is $2.80 Current Price is $2.49 Difference:$0.31 If BSL meets the Deutsche Bank target it will return approximately 12% (excluding dividends, fees and charges - negative figures indicate an expected loss).
The company's fiscal year ends in June.
Deutsche Bank forecasts a full year FY09 dividend of 5.00 cents and EPS of 43.00 cents . At the last closing share price the estimated dividend yield is 2.01%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 5.79.
Market Sentiment: -0.1