BSL has no option but to sell assets. However, to sell now means receiving a lousy price well below book value. But it is a question of survival now for BSL. Flat steel is available for half the price 8 months ago..... yet sales are down severely. A deadly combination. OST rose over 4% today. Long steel products have also dropped in price but sales are far better and most importantly.... have far better prospects. BSL cannot regain its former high for a very long time IMO. Holders can use as a tax loss against capital gains on other stocks. The demise of BSL is largely(not solely) due to grandiouse dreams of management during the boom. A pity because less ego in the boardroom and the BSL SP would be 2-3x its current level. Avoid.
what can we expect in the near future?, page-19
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Last
$20.52 |
Change
0.570(2.86%) |
Mkt cap ! $9.030B | |||
| Open | High | Low | Value | Volume |
| $20.23 | $20.56 | $20.18 | $40.14M | 1.957M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4944 | $20.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.58 | 14967 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| BSL (ASX) Chart |