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BSL, BLUESCOPE STEEL LIMITED
nipper
post Posted: Aug 21 2019, 12:33 PM
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In Reply To: mullokintyre's post @ Aug 21 2019, 08:39 AM

Beach BPT has a graph showing the drop-off in gas production in 19/08 presentation... Slide 13.

- SE Aust production really falls away 2024-25.
- Meantime, demand rises from around 400 PJ to above 500 PJ in the next fifteen years
- Anticipated production from existing and anticipated projects unable to hold off decline.
- Shortfall has been met by Qld gas, primarily LNG plants diverting gas (to date)
- Vic and SA producers agreeing to $8.92-10.97 per GJ in 2020

.... and some very silly State governments pandering to sustained lobbying from certain fringe groups.

PS Beach average realised price in 2019 $6.81 a GJ. When contracted gas is repriced, going forward, then the pain for industry will be felt



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

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mullokintyre
post Posted: Aug 21 2019, 08:39 AM
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From interview Ross Greenwood


QUOTE
Steelmaking giant BlueScope is investing in a $1 billion expansion in the United States, with energy costs one-third of those in Australia.

They have announced a huge expansion to a key mill in the United States which has the benefit of lower energy costs.

BlueScope CEO Mark Vassella tells Ross Greenwood he is concerned about the impact of energy prices.

“We still face energy costs in this country that are too high.

“The energy costs for our investment in North America are about a third of what we would pay in Australia.

Will probably see a bit more of this as Gas prices go through the roof.
On the 7.30 report last night was a piece about how we are about to become the biggest exporter of LNG, but we will be importing gas to cover the domestic market.
Heres an explanation as to why we have come to this.
Importing LNG

Mick



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sent from my Olivetti Typewriter.

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nipper
post Posted: Dec 3 2018, 12:01 PM
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QUOTE
BlueScope, steel, the Australian steelmaker, last week reiterated an earlier prediction that underlying earnings this fiscal half would be roughly 10 per cent higher than the six months immediately prior.

Chief executive Mark Vassella said the company, which has been benefiting from a strong US steel market, is nearing its goal of having between $200m to $400m net cash.

BlueScope has already been buying back shares. In August, it also said it would repurchase $250m worth of stock as its annual profit more than doubled.

“With the transformed business continuing to generate strong cash flows, we are also able to pursue a mix of investing in the business,” including acquisitions and investor returns, said Mr Vassella.
- up 10%



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jan 25 2017, 10:06 AM
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In Reply To: alonso's post @ Jan 25 2017, 09:49 AM

alonso, I think most observers thought that.

Tough decisions made by management, staring down union at Pt Kembla, strategic move to USA that actually worked. But it is still a niche supplier, and there is a tide of imported stuff to keep prices honest. Trump would be 'an assist'.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
alonso
post Posted: Jan 25 2017, 09:49 AM
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In Reply To: nipper's post @ Jan 24 2017, 08:25 PM

I'll have to keep up nipper.
I thought Bluescope died a few years ago and was sitting in the morgue waiting for a post mortem.



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"The optimist proclaims that we live in the best of all possible worlds. The pessimist fears this is true"

"What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom." Adam Smith
 
nipper
post Posted: Jan 24 2017, 08:25 PM
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Shares in steel giant BlueScope jumped to a six-year high on Monday to close at $11.21, after the company told investors that its first-half earnings are set to comfortably outstrip guidance. For the six months to December 31, 2016, BlueScope anticipates booking underlying earnings before interest and tax (EBIT) of around $600 million.

The figure compares favourably to prior guidance of "at least $510 million" detailed in November and would see the first half alone top its full-year performance in fiscal 2016.

The upward revision follows on the heels of two upgrades to guidance just prior to the release of full-year results last year as well as a positive adjustment around this time last year in relation to the corresponding fiscal 2016 figures..

The latest improvement to its outlook was pinned on stronger steel prices, higher-than-expected iron ore prices and productivity improvements. "In addition, compared to our outlook expectations for 1H FY2017 communicated in August 2016, our building products segment has had a strong half particularly in the North American business which benefited from higher steel prices and margins," BlueScope said. "The India business also saw positive earnings growth with higher margins and volumes."

It wasn't all good news, however, with the company noting it would likely recognise an impairment of $65m. This was tied to a shake-up of manufacturing sites within its China buildings arm, capital expenditure at its Taharoa export iron sands unit and restructuring of its engineered buildings business in India.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 


nipper
post Posted: May 24 2016, 10:10 AM
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BlueScope Steel Limited (BSL) guided for 2H16 underlying EBIT of $270m, which is up from the $209m guided to in February 2016.

The stronger performance has been driven largely by
- earlier delivery of targeted cost reductions,
- higher steel and iron ore prices,
- better than anticipated Australian domestic despatches,
- better than expected margins in the international businesses.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
batikit
post Posted: Aug 17 2015, 11:16 PM
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will the coming 4th attempt break the $3.7 resistance this time?
entered at $3.65 . Expect BSL to rise tomorrow and break the resis with good volume. If it go south the MCAD will have another kiss of death and I am out. Tight stop below $3.59
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mullokintyre
post Posted: Aug 25 2014, 10:16 AM
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BSL getting hammered this morning after failing to meet forecasts.
Tough market this one. Expect to get the treatment if not exceeding expectations, much less not reaching them.
Might take some time to recover after this.

Mick



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sent from my Olivetti Typewriter.
 
nipper
post Posted: Jun 3 2013, 09:09 AM
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Feedback From Day One Of Bluescope Australia & New Zealand Investor Briefing/Site Tour

QUOTE
Not a great deal of new information to come from Day One of the tour. BSL noted that domestic activity and global spreads remain subdued. The decline in the A$ is positive, albeit the benefits for BSL's domestic operations are not likely to flow through until 1H14 (minimal benefit in 1H13). The Company also noted that it was starting to see some pricing benefits from anti-dumping duties. This and a lower A$ is likely to improve BSL's competitive position. No change to earnings guidance for 1) positive 2H13 CIPA EBITDA and 2) a small positive 2H13 group NPAT.

Key takeouts are highlighted below:
  • Still not seeing any pick up in domestic activity. BSL is expecting some improvement in residential construction in 1HFY14. Residential activity is key to driving an improvement in mix.
  • The decline in the A$ is clearly positive. While this will have an immediate positive impact on the translation of US$ earnings, CIPA is unlikely to see much benefit in 2H13 given the benefits come through with a lag.
  • BSL is seeing some benefits of preliminary dumping duties now starting to come through in pricing (there are duties on HRC and Coated Steel). BSL appealed the HRC determination, which is now being reinvestigated. Dumping action on Plate is now also being sought by BSL.
  • Trading conditions for the distribution business remain challenging. BSL do not expect to see any improvement in 2H13 earnings from this business vs. 1H13.
  • The NZ&PI business is on track to deliver a better 2HFY13 vs. 1HFY13. The business is targeting 1.7mt of iron sands exports in FY13 ramping up to a run rate of 2.7mtpa by 2HFY14. Management noted the anticipated delivery of the second ship for iron sands exports has now slipped to 1HFY15, meaning it would have to use other more expensive shipping options (including trans-hipping via Port Kembla) to achieve its export target by 2HFY14.
  • BSL continues to make good progress on cost out and optimisation initiatives.
  • BSL's next generation Zincalume steel with activate technology has commenced production in Australia and is being progressed at NZ steel. This product will come with a longer warranty, requires less coating metals and will allow for sales into new markets, such as perforated construction products




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 


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