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Bullboard - Stock Discussion Forum Tree Island Steel Ltd T.TSL

Alternate Symbol(s):  TWIRF

Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products in Canada, the United States, and internationally. It offers industrial wire that include high and low carbon wires and black annealed wires; nails, such as bulk, packaged, and collated nails; agricultural products, including rolled fencing, fence panels, and agricultural wires; and welded wire... see more

Bullboard (TSX:TSL)

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(13)
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  • Stocker46X
Comment by Stocker46on Feb 27, 2023 10:47pm

RE:SHARE PRICE

Another unusual day of trading for TSL. Selling by RBC Capital Markets dropped the price in early trading by 18 cents (a 5.6% drop) to $3.22. By 3:36 PM TSL was up 20 cents at $3.60 .. at which point& ...more  
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(13)
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  • Stocker46X
Post by Stocker46on Feb 06, 2023 10:43am

SHARE PRICE

From $3.55 to $3.15 in 2 trading days with no apparent news. Any thoughts from current holders. Bought more this AM.
Comment by Lynneoon Feb 05, 2023 12:26pm

RE:RE:IS TREVOR........?

John Plows came in 2nd for Stockhouses #1 troll, just behind Reddeer
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(13)
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  • Stocker46X
Post by Stocker46on Feb 02, 2023 2:04pm

3rd Q NET TANGIBLE BOOK VALUE

It appears that NorthForce13 hasn't been on Stockhouse (or at least on the TSL board) for several days. Regardless, it's clear that he used 2nd Q (at June 30) numbers in his calculations & ...more  
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(13)
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  • Stocker46X
Comment by Stocker46on Jan 28, 2023 4:12pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:3rd Quarter

Make that Yahoo. You'll notice the S/E number (in total) for 3rd Q just happens to be approx. the same ($584M) as only the Common Share number in 2nd Q.
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(13)
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  • Stocker46X
Comment by Stocker46on Jan 28, 2023 2:49pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:3rd Quarter

Just looking at Yayoo Finance. I believe the numbers you are using are from 2nd Q NOT 3rd Q. Take a look.
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(52)
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  • Northforce13X
Comment by Northforce13on Jan 28, 2023 2:24pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:3rd Quarter

Youre doing it "wrong".  The S/E you are quoting is before cont surplus, foreign cur trans and accumulated deficit.  After which S/E is 547.  Something is wrong with your ...more  
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(13)
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  • Stocker46X
Comment by Stocker46on Jan 27, 2023 9:17pm

RE:RE:RE:RE:RE:RE:RE:RE:3rd Quarter

Thanks Nortforce. Looks like we're doing the same calculation but the numbers on Sedar are a little different. I show $406M goodwill & $158M intangibles with S/E at $584M. for NTBV of $19M vs  ...more  
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(52)
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  • Northforce13X
Comment by Northforce13on Jan 27, 2023 6:01pm

RE:RE:RE:RE:RE:RE:RE:3rd Quarter

Q3 2022 FS;  S/E 547 mil - 387 goodwill - 155 intangibles = 5 mil of tangible shareholder equity
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(13)
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  • Stocker46X
Comment by Stocker46on Jan 26, 2023 10:45pm

RE:RE:RE:RE:RE:RE:3rd Quarter

Hi Northforce13. Not coming up with zero for Doman (based on my understanding of Net Tangible Book Value) If you're using the comparative share prices in any of your calculations & saying TSL ...more  
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(56)
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  • pennydredfulX
Comment by pennydredfulon Jan 26, 2023 9:27pm

RE:RE:RE:RE:RE:RE:3rd Quarter

that  tends   to happen  when a company makes  a lot  of acquisitions.  A manufacturer  like   TSL  needs more  fixed   assets ...more  
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(52)
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  • Northforce13X
Comment by Northforce13on Jan 26, 2023 3:48pm

RE:RE:RE:RE:RE:3rd Quarter

TSL sells at a discount to net tangible book value. DBM's net tangible book value is... zero.  
Comment by Lorra3on Jan 26, 2023 6:57am

RE:RE:Shout out to Leo and Sarge for suggesting TSL under $2.00

great guys and awesome investors, thats for sure
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(56)
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  • pennydredfulX
Comment by pennydredfulon Jan 25, 2023 8:42pm

RE:RE:RE:RE:3rd Quarter

TSL  stock  lacks  liquidity  re  less  shares  outstanding  than  DBM  and   higher  %age  insider  ownership  . Their& ...more  
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