Vulcan steel

[winner69]

F22 Adjusted NPAT was $142m ….this year $94m

Thats some decline …..indicative of construction market these days I suppose

[Daytr]

The SP has performed contra to the economy & now results. Be interesting to see what the SP does today.

[winner69]

Guidance today implies H223 npat normalised of $40m …down a whooping 45% on last years $72m in same period

Challenging times indeed and the man is hinting that things aren’t going to get much better in near future.

Normalised npat of $94m is an eps of 72 cents so currently on a PE of 12 trailing earnings ……..some would say not too outrageous

[bull....]

Guidance today implies H223 npat normalised of $40m …down a whooping 45% on last years $72m in same period

Challenging times indeed and the man is hinting that things aren’t going to get much better in near future.

Normalised npat of $94m is an eps of 72 cents so currently on a PE of 12 trailing earnings ……..some would say not too outrageous

big drop alright
anyway its only temporary part of the cycle
KFL has started investing in them so they must not see much downside ahead

[Lego_Man]

big drop alright
anyway its only temporary part of the cycle
KFL has started investing in them so they must not see much downside ahead

They are a quality management team, just too cyclical to own too much of at this point in the cycle. I like them long term and happy to accumulate on significant drops. Not cheap enough to buy yet IMO.

[Daytr]

They are a quality management team, just too cyclical to own too much of at this point in the cycle. I like them long term and happy to accumulate on significant drops. Not cheap enough to buy yet IMO.

Totally agree.

[Balance]

Guidance today implies H223 npat normalised of $40m …down a whooping 45% on last years $72m in same period

Challenging times indeed and the man is hinting that things aren’t going to get much better in near future.

Normalised npat of $94m is an eps of 72 cents so currently on a PE of 12 trailing earnings ……..some would say not too outrageous

They made windfall profit from the rise and rise of steel prices in 2020 and 2021.

I dread NZ companies going over to Australia as most come back to NZ with their tails between their legs. Will VSL be any different?

[whatsup]

big drop alright
anyway its only temporary part of the cycle
KFL has started investing in them so they must not see much downside ahead

Too early in the building cycle down turn to do that,

Q can you see the whites of their eyes yet ?

[Lego_Man]

Too early in the building cycle down turn to do that,

Q can you see the whites of their eyes yet ?

Forsyth Barr have downgraded them to Neutral. They were early followers of the name post IPO.

[winner69]

Forsyth Barr have downgraded them to Neutral. They were early followers of the name post IPO.

Love affair over. ..from co-leader of IPO to a Neutral in just over a year