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OST - OneSteel Limited

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Re: OST - One Steel

nomore4s said:
I have been looking for this thread for a while:banghead:, am unsure why I couldn't find it:confused:

Have been on this ride since Nov 06 @ $4.20. am a bit surprised no one else seems interested in it considering its run.

Broke out of the longer term channel(green) in April, but drooped through the blue support line last week but had a good recovery today, will be interesting to see if it is a bounce or whether it will hold at around the $6.50 mark. Seems to be higher volume this month as well.
Click to expand...


That chart certainly looks as if OST have jumped on an escalator. Added a few with tipsters going for it.

Portman Mining were brought in a few years ago to sell iron ore pellets from Whyalla and may be part of this drive forward.
 
Re: OST - One Steel

Good day today with very high vol and closing on its high.

OST looks to be forming a ascending triangle after being in a bit of a trading channel between about $6.30 and $6.75. May have even broken up out of the micro triangle but needs to break & hold above $6.75 to really confirm the break out of the channel, above $6.80 would be better of course.
 

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Re: OST - One Steel

Are there any holders of smorgon steel shares out there? Just wondering as to what is happening with our shares, and when do we get allocated the one steel shares? At the moment, i have nothing in my commsec account!

Cheers
 
Re: OST - One Steel

kangaroo19 said:
Are there any holders of smorgon steel shares out there? Just wondering as to what is happening with our shares, and when do we get allocated the one steel shares? At the moment, i have nothing in my commsec account!

Cheers
Click to expand...

Here you go Kangaroo, I vaguely remember that there was something in the scheme booklet (I know I read it somewhere) in regard to selling the coverted OST shares on a pro rata basis (not sure if that's the right terminonlogy:confused:), maybe ring SSX or OST for clarafication, I sold out of my SSX on Thursday. Good luck.

RELEASE

3 August 2007

Smorgon Steel Group Limited

SUSPENSION FROM OFFICIAL QUOTATION

The securities of Smorgon Steel Group Limited (the “Company”) will be suspended from
quotation at the close of trading on Friday, 3 August 2007 following lodgement of the
Court order approving the merger of the Company and OneSteel Limited.
For further information in relation to the merger please refer to the Company’s scheme
booklet released to ASX on 22 June 2007 and its recent announcements.
Security Code: SSX
James Gerraty
MANAGER ISSUERS, MELBOURNE
 
Re: OST - One Steel

Hi all,

Newbie here & fairly new to investing in shares.

Wondering how you guys are feeling about OST. I bought a small parcel in September, & again early last month (Wrongly thinking they had gone down & it would be a good time to buy more)

I am in mainly blue chips with a long term outlook, so I know I have to suffer some downturns on the ride, but ost seems to be just going down, with no positive news that I can find.

Any comments will be appreciated.
 
Re: OST - One Steel

Bruza said:
Hi all,

Newbie here & fairly new to investing in shares.

Wondering how you guys are feeling about OST. I bought a small parcel in September, & again early last month (Wrongly thinking they had gone down & it would be a good time to buy more)

I am in mainly blue chips with a long term outlook, so I know I have to suffer some downturns on the ride, but ost seems to be just going down, with no positive news that I can find.

Any comments will be appreciated.
Click to expand...

Bruza

I really like OST but i think you will find that they are moving down with everything else in the market atm.

IF we were in clearer times and i had a more positive outlook on the Aus market, i would definitely buy OST shares.

One thing to remember with them is their earnings will be far higher in the second half of the year.

The Smorgan merger was a fantastic move imo and with them now being one of the few steel producers that actually have their own iron ore supply, not too mention exporting iron ore, they should also benefit from the new negotiated ore prices, once they are settled.

The synergies from the Smorgan merger is already above what they estimated and also now with the dropping of a lot of imported steel, they should benefit there also.

I believe you have a very good stock there and i will be a shareholder with you also, i'm just not sure when.
 
Re: OST - One Steel

Took a short in this one today ... could it be that the mining dream has passed through REM sleep and a bit of reality now feeds to associated/downstream stocks?
 
Re: OST - One Steel

Hi Guys

I have a small holding of OST, They seem to be a well managed company.. though they have taken a hit in the current market along with everyone else.

As the world economy slows it seems that there is less demand for iron/coal/steel etc However to what extent do you all think this is balanced against the ramping up of local infrastructure projects, many of which will require steel /reo mesh etc etc. My gut feeling is that OST could trundle along quite nicely with the infrastructure projects being brought forward..(Unless thats already factored into the price)??

Thoughts???

.
 
Re: OST - One Steel

Just purchased some shares at $4.12 on 'The Bulls' thoughts of a takeover and the sudden recovery in the sector. Coal prices have risen and this is a negative, but iron ore sales and the recent purchase of a scrap steel plant all look good for OST.
 
Re: OST - One Steel

The weakness in the sector and fire at Whyalla certainly decked OST. Down from above $4 to around $3 it's going to take a bit of a convalescence for OneSteel to recover.

I bought in completely wrongly and bought more stock last Friday and will sit and wait. Not sure OST has the heart to recover that much in the short term - needs a big sector rally and a takeover rumour, well, or two.
 
Re: OST - One Steel

noirua said:
The weakness in the sector and fire at Whyalla certainly decked OST. Down from above $4 to around $3 it's going to take a bit of a convalescence for OneSteel to recover.

I bought in completely wrongly and bought more stock last Friday and will sit and wait. Not sure OST has the heart to recover that much in the short term - needs a big sector rally and a takeover rumour, well, or two.
Click to expand...

Quite a few negative reports out there on Whyalla's future thanks to the RPST

http://news.smh.com.au/breaking-new...rspt-could-derail-business-20100526-we0q.html
 
Re: OST - One Steel

OneSteel have slumped from over $4 that started with the Whyalla furnace fire. Low steel prices weighed on OST but iron ore sales bailed them out of trouble. On a yield of 3.8% with iron ore prices holding up - sure enough BHP did agree a slightly lower price with the Chinese - it looks as if OneSteel will achieve a better result to 2011.
Downside looks minimal as we look to the next quarters figures, one to look at in the ASX100.
 
Re: OST - One Steel

I bought OST shares back in 07,which I though were a real goer,being new and naive (still am)and have now seen them slum dovn to $2.50.
Now looking to sell and try to recoup some money back in a more postive moving stock.
 
Re: OST - One Steel

:)

Hi folks,

OST ... from the highs in April 2010, the price slide has been relentless,
but technically, we are now seeing signs of a bottom forming, with the
slide since mid-November continuuing on reducing volumes.

Looking ahead, our astroanalysis will have us alert for a positive
time cycle, that should bring a positive spotlight squarely onto OST,
expected around 03-06122010 ... :)

have a great day

paul

:)

=====
 
Re: OST - One Steel

I wonder whether the masive rebuilding programs from the floods in Queensland (and to a lesser degree the earthquake in Christchurch) might translate into a positive year for One Steel ?

If its bottomed out from its slide since April 2010, is now the time to jump in ?
 
Re: OST - One Steel

Inside Business (ABC 24) 5:30pm 27-02-2011. The Australian Steel industry isn't looking good going forward.
 
OST - OneSteel Limited

OST continues to focus on cash generation and improving returns while investing for growth. Operations are vertically integrated with a focus on cost control, cash generation, improving working capital management and improving business performance.

Trading at .94c with 5.38 P/E and a 10.5% dividend yield it's a good bargain to be had at the moment.
 
Re: OST - OneSteel Limited

marioland said:
OST continues to focus on cash generation and improving returns while investing for growth. Operations are vertically integrated with a focus on cost control, cash generation, improving working capital management and improving business performance.

Trading at .94c with 5.38 P/E and a 10.5% dividend yield it's a good bargain to be had at the moment.
Click to expand...

I wouldn't touch a stock that's been downtrending for years but I agree, at 0.94c it is a bargain.

Long term holders must be spewing tho
 
Re: OST - OneSteel Limited

marioland said:
OST continues to focus on cash generation and improving returns while investing for growth. Operations are vertically integrated with a focus on cost control, cash generation, improving working capital management and improving business performance.

Trading at .94c with 5.38 P/E and a 10.5% dividend yield it's a good bargain to be had at the moment.
Click to expand...

Where's that PE figure from? They issued earnings update last week for H1 NPAT $55-75m. If one was to double that figure for full year it's ~8.2 to 11.2 cps. At 94c the forward PE is no where near 5.4.
 

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