BSL 0.38% $20.87 bluescope steel limited

Can someone confirm whether I’m missing something where folks...

  1. 2,347 Posts.
    lightbulb Created with Sketch. 93
    Can someone confirm whether I’m missing something where folks with BLS-

    Market Cap of approx $5.7B

    Last FY NPAT of approx $1.5B

    Management confirmed On track for 1H 19 EBIT of approx $800M

    Net cash positive of around $65M and on track to reach $200-$400M by EOFY (ie No Debt)

    Part way through a $250M buyback with $400M already fully bought back earlier this year

    Pays a small 1.5% div as they prefer buybacks instead of divs due to lack of franking credits.

    Have I missed anything out the above?

    IF the above is in fact true would BLS not have to be the best if not one of the best buys on the entire ASX right now from a value perspective!

    I’m in, I can’t believe this one is at current prices if the above is correct. If I’m missing anything please let me know folks?

    NB - I’ve loaded up at $11.15
 
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No. Vol. Price($)
2 9649 $20.87
 

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Price($) Vol. No.
$20.88 4334 2
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