Blue-Scope Steel BSL

[robbo]

Bluescope-Steel BSL

IF this Bluescope Stell goes well, then it is all Credit to SOULMAN !!

On the other hand, if BSL bombs, then I deny all knowledge of this stock...me, Madgeie and Maxie never heard of it maaaate !!

Seriously for a minute though, BSL might have been oversold these lst 48 Hours, and it is a qstion of whether it has finished its Pull-Back and Profit taking on the back of (a) Some Union B/S about Exec Remuneration, The China Syndrome,and the commodity, especially Metals correction the other day (probaly IMO...from the Hedgie Fund operators on Wall street--being over defensive and having a bit of a hissy fit !!) [8D]

So, all said, opportunity on stocks like Tectronic and Blue -Scope Steel--if we buy 'em right....again ONLY and strictly NOT advice, but expression of personal opinion.

Do have a peek at Soulman's excellent two previous ; on the Tectronic --TTR--thread on this Share-Trader/// SITE, on the Tectronic-TTR-- thread, from the past 48 hours or so, as they are very informative--IMO...and worthhile..IMO...regardin[u]g Blue-Scope Steel--BSL</u>

As, I was saying to one of my mates yesterday re. Bluescope-BSL: Quite a lowish Price Earnings--approx #10, revenue growth nearly 9 % Increase on Last Year, adjusted profit approx #34% Increase,(meaning a real Pre-Tax Profit margin on massive Revenue Turnoover of: $5.7 Billion dollars (WOW !!) and therefore a north of 13 % profit of $800 Million Dollars Pre-Tax Profits.....But the Crucher was the earnings: C.p.s. 77+ cents !!.."77 cents per share earnings !!! My mate simply remarked: "what, "77 c.p.s.....??!! Enough said !"[][]

Anyway, I'm certainly looking at taking a possie on BSL....


Regards,

Robbo.
Disclaimer: The above comments are simply only personal whimsical reflections, are NOT to be taken as financal advice, and... are said without any warranty to these comments' veracity reliability or authenticity. Please; Do your own research and seek independent fiancial dvice always.The above comments are also expressed on a totally "without prejudice" basis.
Regards, Robbo.

[tommy]

Hi Robbo,

Good job opening this new thread

Do you think the market has hit the bottom with BSL? I like BSL too, but would rather see the stock plummet more so I can buy it dirt cheap... I'm stingy when it comes to investing my hard-earned dough, it hurts me more when I end up purchasing stocks at a high price rather than selling them at a modest profit!

I suppose it's because foregone unrealized profits are easier to accept than real cash spent on unnecessarily expensive stocks! (or perhaps it's just me[?])

Anyway, I will be focusing on BSL too tomorrow and next week for any shift in trends.

[robbo]

Hi Tommy,

Don't know if I can help, but I would love to...if poss re the implied querry in your post....

What's your Share Investor Profile??

If you don't feel like you are presently "hitting them in the middle" with say ##80%++ certainty, might be worth Trading with "monopoly money" for three months or so, and keep copious detailed notes of the Results...and writing down why you feel you got it wrong/right/half right etc etc...your rationale for your Investment etc..

Personallly this is what I did for 18 months...until I had worked out////and written out Mantras of Rules of: "What worked/works for me...."

And of course what works for me, is different to Fred, Mary Bill or Joe Bloe........

To touch on just Some of my Madgey Maxims; they are:

(1) Only buy business enterprises you relate to, you intuitively lkike and think there will be overwhelming BIG DEMAND for at a premium price

(2) Margin of Safety---Margin of Safety---Margin of Safety...and work out what that means for YOU and BURN it Deep into your soul and your psyche!!

(3) Durable Competitive Advantage--I repeat this 10 times a day...

Get a Theasaurus and meditate and think about the meaning of the copncept: Durable--Long Lasting//permanence

(4) The concept of Consumer Franchise in the psychology: I have big Logo Posters plastered around my study of Super Brands that are trusted in Australia;

so what are some of these posters/stickers....

Lets ee, there is: Oprah, Qantas, BMS--Ultimate Driving Machine, Australia Post, 3M, Nestle, TDK, Brother, Panasonic, ...:Cadbury, Coca Cola, Woolworths, Flight Centre, Vegemite, Sunbeam, Victa Lawn Mowers, Dulux,Donut Kink, Wendys, Lifesavers,Gatorade,StGeorge,Panadol, Herron,Valvoline, Dispirin, Avon, Maggi, KFC, Pizza Hut, Avis, Mortein, Volvo, BMW, 20th Century Fox, Bart Simpson--Eat My Shorts..., Nescafe, Colorado, Fosters, AMP, Yates, The Salvation Army, Australian Red Cross, American Express, Toyota, Lexus, Noicorette, Macdonalds, Subway, Just Jeans, The Reject Shop, Kraft, Arnotts, Optus--"Yes"....Sony, LJ Hooker....etc etc


and I ask...will/can this business ever have such Trusted Brand/Recognition Premium Pricing power as brands such as these ??? Why ?? Really...Prove it????

anyway...just some thoughts,
Robbo.

quote:Originally posted by tommy

Hi Robbo,

Good job opening this new thread

Do you think the market has hit the bottom with BSL? I like BSL too, but would rather see the stock plummet more so I can buy it dirt cheap... I'm stingy when it comes to investing my hard-earned dough, it hurts me more when I end up purchasing stocks at a high price rather than selling them at a modest profit!

I suppose it's because foregone unrealized profits are easier to accept than real cash spent on unnecessarily expensive stocks! (or perhaps it's just me[?])

Anyway, I will be focusing on BSL too tomorrow and next week for any shift in trends.

[soulman]

Hi Robbo

Bluey has taken a hit before the China GDP comes out. If it's bad, then it might slide further. Numbers will be good this FY, but it is next year 2006 that have analyst doubtful of further growth. As a cyclical stock the stock must be watch with careful intention because after a run so hard since the profit upgrade in May, it may well be prudent to wait and see as in Tommy's case.

[tommy]

Hi Robbo,

Thanks always for your extensive reply, how on earth do you find the time to post so many messages here?! I am always pleasantly surprised[:0]

I agree with most of the approaches you have mentioned (very useful!) but the problem is that they are harder to practice than preach!! I suppose those crownies help you meditate like a buddhist monk[?]
Especially because I�fm only a hobby investor, the way in which the market reacts totally confuses me sometimes...

So far, the stocks I have actually purchased has had a fairly good hit rate over several months, although there are some segments which I clearly should have steered clear due to my lack of knowledge in the share market for being a newbie. But what I find more difficult is the timing of selling than buying! As a rule, I aim at cashing in as soon as I can make a gain of 30% by selling the share unless I have absolute confidence that it will rise further... just because I can't discipline myself otherwise and will just end up getting greedy and actually do something stupid and make a loss in the end!

I'll continue researching to find more value, including some stocks you mentioned

[Halebop]

quote:Originally posted by davidrob

...Sunbeam, Victa Lawn Mowers, Dulux, Donut Kink, Wendys, Lifesavers, Gatorade, StGeorge, Panadol...

Goodness me! I hadn't realised gay porn had reached such lofty heights in brand awareness. [:o)]

[robbo]

Yeah,
Must admit to Maxie and me having a "bit on the side"... Maxie is a real horny Tiger !!

Did I also tell you that Max came home....To The Crownie Hotel....with:
Two Bloody Pet Parrots !!
Actually, one Is a Galah, reckons he's from South Australia--named Gavin, and the other is a White Aussie Cockatoo, from Cootamundra--named Chris..

They are both males birds, and rumour here at the Crownie Pub, is that both birds are a bit Gay..[:0][:0][V][V] Yep, Haleop... you heard this gos. here at Sharetrader first and exclusively...Gav and Chris are probably Gay !!

So the guys & gals here at the Crownie Hotel will be surely taking the piss out of both lover boy Maxie.....and Gav and Chris...that Is a Predicion I can Be Sure Of!!

Regards,

Robbo...[:X]

quote:Originally posted by Halebop

quote:Originally posted by davidrob

...Sunbeam, Victa Lawn Mowers, Dulux, Donut Kink, Wendys, Lifesavers, Gatorade, StGeorge, Panadol...

Goodness me! I hadn't realised gay porn had reached such lofty heights in brand awareness. [:o)]

[Papillon]

BSL shares have falllen from $10.26 to $9.15. I suppose they have gone XD (div 40c = SP approx 50c, perhaps the price was inflated by takeover speculation. The share buy-back makes no sense to me. I am accumulating BSL because anyone in the steel industry knows that BSL is effectively a monopoly and can pass all cost increases down to customers.
Any comments?

[soulman]

Yes.....Bluey is as volatile as ever. I trade on them a couple of weeks ago and got burned. I got caught up in the 57 cents hiding and more.

Now they got issues with the increased in iron ore and coking coal prices. However, I thought that was already factored in the SP. If hot rolled coil kept rising to pass on these increased input prices, then BSL should achieved what Kirby Adams, the CEO said of the second half be about the same as the first half or even top the $1 bil NPAT mark.
Other issues of increased freight charges due to the higher oil prices and industrial union dispute all have an effect on BSL.

I just hope the SP can go back to double figure again.

[nelehdine]

Jumped into BLS today at 793 ... a stock not for the faint-hearted but a great long term story if you can ride out the inevitable bumps and bruises on the way. Certainly alot cheaper than a few months ago !! ... but alot dearer than a few years ago !!!!