BlueScope Steel Ltd (BSL) will go ex dividend on 20/9/2010. The current dividend payment is 5 cents and it is 100% franked. The record date is 24/9/2010 and the dividend will be paid on 20/10/2010. Based on the full year payment the dividend yield is 2.2%.
*Current Yield: 2.2% Franking: 100% DRP Discount: 2.5%
*Yield has been calculated on the closing price on the 2/9/2010. Current yield is based on the current dividend payment only.
Bluescope Steel (BSL) announced on the 11/12/2008 that they would be conducting a Share Purchase Plan to raise additional capital. The record date is 09/01/2009 on which shareholders must own the share to participate in the SPP. Shares are expected to commence trading on 13/02/2009. A maximum of $5,000 can be purchased by each shareholder at a price of $3.100 or a discount of 5% to the average price (VWAP) prior to the offer date.
Discount : 6.9% Liquidity : Good Profitability : Good Stability : Good
http://www.bluescopesteel.com/
* Note: Discount is based on the closing price on the 27 February 2009.
Company reporting season is in full swing, and this week will be a particularly busy one. It s also expected to be fairly unpleasant, as the impact of the economic flop will be reinforced by results from some of our biggest companies.
Keep an eye out for how the market responds when some of these companies release their annual and half-year results:
Monday
Tuesday
Wednesday
Thursday
Friday
Auditors will be paying particular attention to results from small companies this reporting season, with concerns that many may be unable to guarantee being in business for another year. An article in today s Australian Financial Review suggests that though the credit crunch may impact on results the concerns raised by auditors should not necessarily be a red light for investors.
