BIS - Bisalloy Steel Group

[Dona Ferentes]

Good couple of days trading after getting sold down to $3.52 . Opened on a new high and cracked $4

and holding 4 bucks


... an impressive 3 years

 

[divs4ever]

Bisalloy Steel (ASX:BIS) Shares Up More Than 100% in 12 Months​

https://thebull.com.au/news/bisalloy-steel-grows-strong-on-financial-fundamentals/

my buy-in @ $1.48 in February 2022 , looks good so far

the article is slightly dated but only spotted it today

 

[Als2own]

Was going to post yesterday about my thoughts the accumulator has returned after a weeks absence and bang first thing this morning BIS has hit a new high. Will disappear end of week and attempt to drop the price 10-15%. Let’s see if they return next week

 

[Als2own]

Well that last post didn’t age well. Another day of relentless buying. New high reached and volume not forthcoming. Someone still accumulating or FOMO setting in

 

[Als2own]

Wow down 14.5% today. It has dropped $1.30 in 5 trading days. Can only assume it’s getting smashed on BSL report yesterday. Don’t think there is a correlation but we’ll have to wait until they report to find out. Topped up after yesterday’s fall. What was I thinking . Looking at the 1/2 yearly report where they paid an 8c dividend which cost 3.8m out of 8.2m profit I was thinking they may have capacity to pay a higher dividend this half. Last year they did and then came out with an even larger special dividend a few months later. Does history repeat

 

[divs4ever]

yes i noticed the drop , but my entry-price is under $1.48 ,

so am not rushing to add
interesting times

one might have thought all that military expenditure/upgrades would have rippled here

 

[Als2own]

Nice 11.5c divided ff announced . Not as good a result as the first half but only slightly down. Since buying in just over 12 months ago this stock has returned 39.5c ff. What a beast it has evolved into

 

[Als2own]

The AGM is on early next month and very keen to hear what they have to say. With very little reporting or updates it’s hard to know how things are going . Hopefully they will give us some guidance. Looking back at the year just gone and with no debt my uneducated guess is like last year a special dividend will be announced on that day. They still have 6m profit from last year in the coffers and if this year is looking okay I think an 11c special dividend might be on the cards.

 

[Als2own]

The AGM is on early next month and very keen to hear what they have to say. With very little reporting or updates it’s hard to know how things are going . Hopefully they will give us some guidance. Looking back at the year just gone and with no debt my uneducated guess is like last year a special dividend will be announced on that day. They still have 6m profit from last year in the coffers and if this year is looking okay I think an 11c special dividend might be on the cards.

Woohoo right on cue. AGM is on in the next hour and boom 13c special dividend as predicted although my maths needs some attention. Oh well I’m sure I can live with the mistake.