Vulcan steel

[alokdhir]

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

Your famous KISS of death ...lol

[winner69]

Your famous KISS of death ...lol

Some 15% down since the announcement says a lot

I’d say another buck to go

[alokdhir]

Some 15% down since the announcement says a lot

I’d say another buck to go

To be fair to KFL they reported getting into this in May when price was flirting $ 8 ...so far they just lost the gains ...another buck will help them increase small position to medium maybe ...

[Jaa]

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

Another IPO pump and dump?

[Daytr]

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.

[winner69]

"………….duplicated

[winner69]

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.

[Sideshow Bob]

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

[SailorRob]

Dealt with these guys as a first time retail purchaser.

Very impressive.

Friendly and helpful and know their stuff.

[winner69]

Dealt with these guys as a first time retail purchaser.

Very impressive.

Friendly and helpful and know their stuff.

Better buy the company then mate