OST 0.00% 86.5¢ onesteel limited

Sharpshooter,The debt is a bit higher than the range I would...

  1. 813 Posts.
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    Sharpshooter,
    The debt is a bit higher than the range I would prefer, but at least it seems to have been used to acquire assets which are a good strategic fit and currently profitable ( eg WPG resources and Moly Cop). If the market improves these businesses will add extra value. The debt pfoile has also been extended.
    Mofaith,
    I agree that the steel business has been an anchor on the performance of the mining and mining consumables segments. I'm not sure Steel will turn around in large fashion, but a small profit would be nice.
    Overall just hoping OST can deliver the 13.6c eps forecast , because they seem to get a kick along when they deliver ( remember there were a lot of doubters who dismissed the companies denials that they needed to raise capital back in February. When the company stuck to it's guns , we got a massive rally in the sp from ~70c to ~110cps.)

    FT
 
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