Vulcan Steel Ltd (vsl) Logo

Vulcan Steel Ltd (VSL)

___:___ · Basic Materials
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VOLUME
DIV YIELD
PE RATIO
1 YR RETURN
52 WEEK RANGE

VSL Chart

Snapshot

VSL's Principal Activity is the steel distribution and processing

Share Price Activity

Last (Price)
Change 0.00 (0.00)
Bid / Ask -
Volume
Volume (4w avg)
Turnover
Open
Day Range -
VWAP
Prev Close
Last Trade

Performance

1 Week
1 Month
2022 YTD
1 Year
vs Sector (1yr) -
vs ASX 200 (1yr) +16.96%

Size

Market Cap Question Mark Icon
Excludes mandatory escrowed shares and foreign shares.
ASX Rank 290 of 2,423
Sector Rank 53 of 899

Key Fundamentals

Shares Issued
Sector Basic Materials
Similar Companies CXL / RRL / LKE
EPS $0.00
DPS $0.2567
Book Value Per Share $0.00

Broker Consensus

Breakdown 6 Buy · 2 Hold · 0 Sell
Recommendation Strong Buy
Last Updated 04/06/22

Announcements

Date Heading Pages File Size Time

Corporate Overview

Vulcan Steel Ltd (VSL) is an Australasian industrial product distributor and value-added processor with 29 logistics and processing facilities employing over 800 staff across the company's Steel and Metals divisions. Vulcan distributes steel products, including carbon steel, stainless steel and engineering steel to a customer base including customers in engineering, manufacturing, fabricating, transport, mining and a range of other market segments.

Incorporation Details

No incorporation details available.

Corporate Details

Head Office East Tamaki Auckland New Zealand 2013
Website www.vulcan.co
Registry Link Market Services
Auditor Deloitte Limited
Date Listed 4 Nov 2021

Upcoming Calendar (Forecasted)

Date Event
16/11/2022 Report (Annual)
09/02/2023 Report (Interim)

Dividend History

DPS and Yield calculations use the Pay Date.

Ex-Date Amount Franking Gross Type Payable
10/03/2022 $0.2567 0% $0.2567 Interim 08/04/2022

See Upcoming Dividends for all ASX companies.

Key Data
DPS(TTM) $0.2567
Gross DPS(TTM) $0.2567
Dividend yield
Gross yield
Payout Ratio --
DRP No
DRP Features -

Directors & Management

Directors & Management

Name Title Since Bio
Ms Sarah-Jane Lawson Company Secretary Mar 2022
Ms Carolyn Steele Non-Executive Director Aug 2021

Ms Carolyn Steele

Non-Executive Director

Ms Steele has experience in capital markets, mergers and acquisitions and investment management. Carolyn is currently a director of Ultrafast Fibre, Green Cross Health, the Halberg Foundation, Oriens Capital GP 2 and WEL Networks. Carolyn has previously served as a director for Datacom and Metlifecare. Carolyn was Portfolio Manager at Guardians of New Zealand Superannuation, the Crown entity that manages the New Zealand Superannuation Fund. Prior to this, Carolyn spent 10 years in investment banking at Credit Suisse and Forsyth Barr. She is also chairman of the Risk Management Committee of the VSL.

Mr Russell Langtry Chenu Non-Executive Chairman,Non-Executive Director Jun 2021

Mr Russell Langtry Chenu

Non-Executive Chairman,Non-Executive Director

Mr Chenu has experience across the corporate sector, with over 23 years in senior management roles. Russell held numerous senior roles in several ASX-listed companies, including building products companies such as James Hardie, where he was Chief Financial Officer for 10 years until 2013. In a number of these roles, Russell was engaged in strategic business planning and business change, including several turnarounds, new market expansions and management leadership initiatives. Russell is a director of Reliance Worldwide Corp and CIMIC Group and was a director of Metro Performance Glass and James Hardie until August 2021 and November 2020 respectively. Russell is also the Chair of the Audit & Risk Committee at Reliance Worldwide Corp and CIMIC Group. He is also member of the People and Risk Management Committee of the VSL.

Ms Philippa (Pip) Mary Greenwood Non-Executive Director Aug 2019

Ms Philippa (Pip) Mary Greenwood

Non-Executive Director

Ms Greenwood has experience in capital markets, mergers and acquisitions and governance, and has advised on many corporate transactions. Pip currently serves on the boards of Fisher & Paykel Healthcare, The a2 Milk Company, Westpac New Zealand and Spark New Zealand. Pip has been appointed the Chair of Westpac New Zealand with effect from 1 October 2021. Pip has also advised that she is not seeking re-election as a director of Spark New Zealand at its annual meeting in November 2021. Pip was a corporate partner of New Zealand law firm Russell McVeagh for nearly 20 years. During her time with Russell McVeagh, Pip spent over ten years on their board including time as its Chair and was formerly the interim Chief Executive Officer and a Senior Partner at the firm. Pip was also a member of the New Zealand Takeovers Panel from 2008 to 2011. Pip has previously worked at Linklaters in London and New York. She is also member of the Risk Management Committee of the VSL.

Mr Barthold Willem Floris Bierens de Haan Non-Executive Director Sep 2015

Mr Barthold Willem Floris Bierens de Haan

Non-Executive Director

Mr de Haan has 25 years of experience as a strategy consultant working with senior management and boards of top 50 companies in Australia, the United States, and Holland. Bart was previously a Partner at A.T. Kearney and a Consultant at the Boston Consulting Group. Bart co-founded the boutique strategy consulting firms Pacific Strategy Partners and Australian Consulting Partners in Australia. Bart's consulting experience spans across numerous sectors including energy, transport, resources and building products. Bart has previously worked as an advisor at Deloitte and has held, or holds, several directorships in venture capital and early-stage businesses. He is also chairman of the People Committee of the VSL.

Mr Rhys Jones Chief Executive Officer,Managing Director Sep 2006

Mr Rhys Jones

Chief Executive Officer,Managing Director

Mr Jones has previously held several management positions within the steel industry including as an executive of Fletcher EasySteel NZ and General Manager/Chief Executive Officer of Pacific Steel and Wiremakers. Rhys was formerly the Chief Operating Officer of Carter Holt Harvey's Pulp, Paper, Packaging and New Ventures division at the time of the Rank Group takeover. Rhys also serves as a director of Ridley Corporation and Metro Performance Glass.

Mr Wayne Boyd Non-Executive Director Jul 1996

Mr Wayne Boyd

Non-Executive Director

Mr Boyd has experience in law, investment banking and governance. Wayne previously held the position of Chairman at publicly listed companies Auckland International Airport, Freightways, Shotover Jet and Telecom New Zealand, as well as private companies such as Vulcan, Ngai Tahu Holdings and Meridian Energy. Wayne was the Chairman of the Halberg Foundation, New Zealand Blood Service and the New Zealand Hockey Foundation. He is also member of the People Committee of the VSL.

Mr Peter Wells Founder,Non-Executive Director Jul 1996

Mr Peter Wells

Founder,Non-Executive Director

Mr Wells has 50 years' experience in the steel industry across New Zealand, Australia, Sweden, South Africa, and England. More than 30 of those years have been in Chief Executive Officer roles. Peter was a Member of the Australasian Institute of Metals from 1982-1987. Peter undertook a business education course in Sweden (Training for International Operators) run by the Swedish School of Economics in 1985-86.He is also member of the Risk Management Committee of the VSL.

Director Transactions

VSL directors must report any change in shareholding to the ASX within 5 business days.

See Director Transactions for all ASX companies.

Date Director Type Amount Price Value Notes
31/05/22 Peter Wells Sell +209,750 $9.45 ($1,982,137) Off-market trade
04/03/22 Peter Wells Buy +250,000 $9.80 $2,450,000 On-market trade

Director Interests

The current holdings of VSL directors.

Director Last Notice Direct Shares Indirect Shares Options Convertibles
Peter Wells 31/05/2022 N/A 18,456,289 N/A N/A
Carolyn Steele 16/08/2021 16,000 N/A N/A N/A
Russell Chenu 18/06/2021 1,500 21,250 N/A N/A
Philippa (Pip) Greenwood 01/08/2019 N/A 90,000 N/A N/A
Barthold de Haan 21/09/2015 180,000 N/A N/A N/A
Rhys Jones 05/09/2006 N/A 4,718,000 N/A N/A
Wayne Boyd 03/07/1996 N/A 7,303,688 N/A N/A

Shareholder Info

Top 20 Shareholders

Data supplied by Morningstar and accurate on Nov 3, 2021.

It's not possible to publish a real-time Top 20 Shareholder list. Companies are not obliged to report this data (with the exception of Substantial Shareholders above 5%). If a company chooses to publish the data, it's usually once a year in their Annual Report.

All data is manually compiled so there might be a delay between the Annual Report being published and the data appearing on Market Index (<7 days for ASX 300 and up to 30 days for micro-caps).

Name Shares Capital
Takutai Limited 18,416,039 14.00%
Partitio Trustee Limited 7,303,688 5.60%
B.W.S Trustee Company 2012 Limited 5,870,711 4.50%
P J & H C Moore Trustee Limited 5,400,000 4.10%
CS Third Nominees Pty Limited 4,782,921 3.60%
Rhys Jones and Lorraine Susan Taylor 4,718,000 3.60%
Wide View Enterprises Limited 4,604,009 3.50%
Citicorp Nominees Pty Limited 4,473,333 3.40%
Forsyth Barr 1 Custodian 4,349,310 3.30%
National Nominees Limited 4,330,515 3.30%
J P Morgan Nominees Australia Pty Limited 4,240,979 3.20%
HSBC Custody Nominees (NZ) Limited 4,052,367 3.10%
HSBC Custody Nominees (Australia) Limited 3,974,055 3.00%
Mayoral Trust Limited 3,935,126 3.00%
Sentrust CAS Limited 3,205,669 2.40%
Sentrust RES Limited 3,205,669 2.40%
UBS Nominees Pty Ltd 3,163,005 2.40%
BNP Paribas Nominees Pty Ltd 3,101,616 2.40%
GL Bentley Jones Guardian Limited 3,069,337 2.30%
Stanley Gollan, Rosemary Hedge and Brian Hedge 3,069,337 2.30%

Shareholder Distribution

As reported in the most recent Annual Report.

Holding Size 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001+ Total
No. of Shareholders 1,228 1,509 222 155 71 3,185

Substantial Shareholders

No Substantial Shareholders for VSL in our database.

Shareholders Buying

12 month transaction history compiled from ASX announcements.

Date Name Bought Previous % New %
10-05-22 Regal Funds Management Pty Limited 6,930,631 -- 5.27
25-02-22 Regal Funds Management Pty Limited 6,672,462 -- 5.08
04-02-22 Forsyth Barr Group Limited 6,589,114 -- 5.01
07-12-21 Regal Funds Management Pty Limited 6,594,320 -- 5.02
04-11-21 Rhys Jones 7,863,333 -- 5.98
04-11-21 Adrian John Casey 9,784,518 -- 7.45
04-11-21 Partitio Trustee Limited 12,172,814 -- 9.26
04-11-21 Wide View Enterprises Limited 7,673,348 -- 5.84
04-11-21 Helen Cynthia Moore 9,000,000 -- 6.85
04-11-21 Vulcan Sale Company Limited 52,344,428 -- 39.83
04-11-21 Takutai Limited 30,693,398 -- 23.36

Shareholders Selling

12 month transaction history compiled from ASX announcements.

Date Name Sold Previous % New %
03-06-22 Regal Funds Management Pty Limited 356,781 5.27 5.00
26-04-22 Regal Funds Management Pty Limited 6,672,462 5.08 --
03-02-22 Regal Funds Management Pty Limited 6,594,320 5.02 --
08-11-21 Rhys Jones 7,863,333 5.98 --
08-11-21 Wide View Enterprises Limited 7,673,348 5.84 --
08-11-21 Vulcan Sale Company Limited 52,344,428 39.83 --
08-11-21 Takutai Limited 12,277,359 23.36 14.01
08-11-21 Partitio Trustee Limited 4,869,126 9.26 5.56
08-11-21 Adrian John Casey 9,784,518 7.45 --
08-11-21 Helen Cynthia Moore 9,000,000 6.85 --

Historical Data

Share Price History

Date Close Change %Chg Open High Low Volume Turnover

Historical Data

Year Closing Price Last Trade
No Financial Year End data available
VSL Historical Price Data (CSV)
Up to 20 years of EOD share price history
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