An interesting article below which has US steel & Nucor PE at a touch over 14 so BSL at around a third of those levels, there should be plenty of upside. As I've said previously once BSL have some franking credits and can give out some decent franked dividends the price will soar. IMHO . In the meantime the buyback continues which gives the patient a larger piece of the pie. With the share number now down to 550million, a $250M buyback is 45c per share equivalent and there have been 2 ($500Million) this year. This buyback has got to appear in the share price sooner or later.
https://articles.marketrealist.com/2018/01/steel-companies-pe-ratios-stack/
An interesting article below which has US steel & Nucor PE at a...
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Last
$20.87 |
Change
-0.080(0.38%) |
Mkt cap ! $9.019B | |||
| Open | High | Low | Value | Volume |
| $20.90 | $21.18 | $20.81 | $22.97M | 1.099M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9649 | $20.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.88 | 4334 | 2 |
View Market Depth
| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| BSL (ASX) Chart |
