Your famous KISS of death ...lol
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Cylical stock and with the appetite for construction waning its got to hurt the sale of rebar & aluminum from their Ulrich purchase in the residential housing market.
Higher interest rates will also hit commercial builds.
Good company but not the time to buy yet.
Hopefully they decent credit control as steel fabricators are notorious for going broke.
Needs to be around the $5 - $6 mark for me to become interested.
"………….duplicated
From Vulcan -
Speculation on Vulcan Steel’s interest in Metro Performance Glass Vulcan (ASX: VSL, NZX: VSL) is aware of recent media reports speculating that the company is in some way associated with Peter Wells, Vulcan’s founder and former director who remains a substantial shareholder (through his interest in Takutai Limited), and who together with an associate has initiated a proposal to acquire Metro Performance Glass Limited (NZX: MPG). Vulcan wishes to clarify that this is not the case and that it has no financial or commercial interests, directly or indirectly, in that proposal.
http://nzx-prod-s7fsd7f98s.s3-websit...241/401634.pdf
Vulcan (ASX: VSL, NZX: VSL), an Australasian-wide industrial product distributor and valueadded processor has announced its results for the financial year ended 30 June 2023(FY23).
Return on capital employed of 21%, equivalent to 32% on a pre-NZ IFRS 16 basis4, thesecond highest for the company in the last 10 years
Reported NPAT of NZ$88m*, down 29% from NZ$124m in FY22
Reported EBITDA NZ$209m, down 7% from NZ$224m in FY22
Adjusted NPAT NZ$95m, down 33% from NZ$142m in FY22
Adjusted EBITDA NZ$219m, down 10% from NZ$243m in FY22
30.5 NZ cents per share final dividend, bringing the total dividend declared for FY23 to55.0 NZ cents per share
Dealt with these guys as a first time retail purchaser.
Very impressive.
Friendly and helpful and know their stuff.