Sunday, June 24, 2012

Roofing Rollformer last!

Rollformer nearly on its last legs!

One of the major rollformers is heading to oblivion - at the end of a shocking year in sales and EBIT - the head company has lost all hope for a sale! There are only three companies in this position:

  1. Lysaght - owned by BlueScope.
  2. Stramit - owned by Fletcher Building.
  3. Fielders - owned by Hills Holdings.
What do we know about these three companies?

First is BlueScope:
BSL - BlueScope down to less than 30 cents?
Second is Fletchers:
FBU - Fletchers down to around $4.70?
Third is Hills:
HIL - Hills Holdings down around $1.00?
If you go to previous values a number of years ago, BlueScope is the huge leader in share devaluation, Hills Holdings not far behind and Fletchers a long third! The results at the end of 2011 - 2012 F/Y figures are going to be telling - although we will never know the exact failure of these three rollformers - but one will be at the end of its existence in Australia.

No takeover, No sale, No Hope!
P.S. Independents are on the rise in terms of turnover!

UPDATE:
BlueScope to shed another 100 jobs?
Read the article here STRIKE THREAT BLUESCOPE?

AWU Port Kembla branch secretary Wayne Phillips
Not saying through this - that Lysaght is in trouble - but would be very hard for this company to exist without the support of BlueScope! Maybe Julia can save them also, like Alcoa will be at Point Henry in a the next week!

How long will BlueScope last???

2 comments:

  1. yes... Fielders

    ReplyDelete
  2. whats going on with Hills and BlueScopes share price? Both defying the local market by continuing to fall - does someone know something we don't?

    ReplyDelete