Will the market be able to build on this on Tuesday? Here are five things to watch:

ASX 200 to edge lower

The Australian share market looks set for a subdued session on Tuesday following a soft night in Europe. According to the latest SPI futures, the ASX 200 is expected to open the day 4 points lower. Wall Street was closed for Labor Day, but in Europe the FTSE fell 0.1% and the DAX dropped 0.15%.

Shares going ex-dividend

Another group of ASX 200 shares will be going ex-dividend on Tuesday and could trade lower. This includes AUB Group Ltd (ASX: AUB), BlueScope Steel Ltd (ASX: BSL), Mineral Resources Ltd (ASX: MIN), News Corporation (ASX: NWS), and Smartgroup Corporation Ltd (ASX: SIQ). Mineral Resources will be rewarding its shareholders with a fully franked 83 cents per share dividend on 30 September.

Oil prices rise

ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a good session on Tuesday after oil prices rose overnight. According to Bloomberg, the WTI crude oil price is up 1.3% to US$92.70 a barrel and the Brent crude oil price is up 1.1% to US$97.314 a barrel. This was driven by a further escalation in US-Iran hostilities.

Gold price softens

ASX 200 gold shares Genesis Minerals Ltd (ASX: GMD) and Capricorn Metals Ltd (ASX: CMM) could have a soft session after the gold price dropped overnight. According to CNBC, the gold futures price is down 0.55% to US$4,452 an ounce. The precious metal has come under pressure due to increasing US rate hike bets.

Buy Select Harvests shares

Select Harvests Ltd (ASX: SHV) shares could be undervalued according to analysts at Bell Potter. This morning, the broker has retained its buy rating on the almond producer's shares with an improved price target of $6.05 (from $5.30). It said: "Almond prices are strengthening and the SHV share price has lagged this move, continuing to trade below its market backed asset value of ~$5.30ps. At spot almond price levels, we would estimate FY27e EPS in a range of 53-72¢ps based on production guidance comparable to FY26e (i.e. 28,000-31,000kt), a level materially higher than the current consensus EPS level of ~37¢ps."

The post 5 things to watch on the ASX 200 on Tuesday appeared first on The Motley Fool Australia.

Hundreds of S&P/ASX All Ords Index (ASX: XAO) companies announced their next dividends during the EOFY reporting season.

We're helping you keep track of ex-dividend dates with an article every Friday.

Here is a sample of the ASX shares due to trade ex-dividend next week.

Remember, in order to receive a dividend, you must own the ASX share before its ex-dividend date.

ASX shares with ex-dividend dates next week

Check out which ASX shares begin trading ex-dividend today.

The post 40 ASX shares with ex-dividend dates next week appeared first on The Motley Fool Australia.

Materials and mining stocks rose by a modest 2.5% over the week, according to CommSec data.

Meanwhile, the benchmark S&P/ASX 200 Index (ASX: XJO) closed out the week up 0.37% to 9,092.3 points on Friday.

Only four sectors finished in the green last week.

Let's review.

ASX materials and mining shares led the market

As earnings season continued last week, several ASX mining shares reached new record highs.

Among them was BHP Group Ltd (ASX: BHP), which reset its historical high at $68.77 per share on Wednesday.

BHP is not only the largest miner on the market, it's also the most valuable company of the entire ASX 200.

The BHP share price finished the week 3.28% higher at $67.30 per share.

The Fortescue Ltd (ASX: FMG) share price increased 1.8% to $18.07.

Rio Tinto Ltd (ASX: RIO) shares lifted 1.52% to $178.04.

Diversified ASX 200 miner, Mineral Resources Ltd (ASX: MIN), fell 1.25% to $65.46 per share.

The South32 Ltd (ASX: S32) share price leapt 7.36% to $5.25 on Friday.

Pure-play ASX copper share Sandfire Resources Ltd (ASX: SFR) surged 7.81% to $23.34 per share.

ASX gold share Northern Star Resources Ltd (ASX: NST) ascended 3.38% to $24.78.

Newmont Corporation CDI (ASX: NEM) shares rose 1.64% to $182.80.

The Evolution Mining Ltd (ASX: EVN) share price closed at $15.67, up 2.08%.

ASX 200 lithium stock PLS Group Ltd (ASX: PLS) jumped 5.72% to $5.36 per share.

The IGO Ltd (ASX: IGO) share price rose 2.63% to $8.58.

Lynas Rare Earths Ltd (ASX: LYC) shares edged 0.31% higher to $16.26.

Among the non-mining ASX 200 materials shares, BlueScope Steel Ltd (ASX: BSL) rose 1.48% to $30.86.

The James Hardie Industries plc (ASX: JHX) share price fell 3.31% to $41.42.

Orica Ltd (ASX: ORI) shares decreased 0.81% to $21.98.

Several mining shares are among 37 companies going ex-dividend next week.

ASX 200 market sector snapshot

Here's how the 11 market sectors stacked up last week, according to CommSec data.

Over the five trading days:

The post ASX 200 mining shares outperform in final week of earnings season appeared first on The Motley Fool Australia.

What did BlueScope report?

• FY2026 reported NPAT: $802 million, up 857% on last year
• Underlying EBIT: $1,273.4 million, significantly higher than FY2025
• Final ordinary dividend: 65 cents per share plus a special dividend of 70 cents per share
• Record sales of COLORBOND and TRUECORE steel in Australia
• Strong North America performance: underlying EBIT up 101% to $1,034 million
• Southeast Asia EBIT hit a record $157 million for the year

What else do investors need to know?

BlueScope finished its planned CEO succession and is shifting its focus from major capital projects to ramping up shareholder returns, with capital expenditure winding down. The company fully delivered a $200 million cost and productivity program and has committed to a further $150 million in cost benefits for FY2027.

The business made progress in commercialising surplus land and is targeting at least 75% of free cash flow for shareholder returns, supporting its plan to deliver another $3 per share to investors in FY2027. Major projects—in New Zealand and Western Sydney—have moved to commissioning and ramp-up, showing ongoing focus on decarbonisation and value-add.

What did BlueScope management say?

Commenting on the results, BlueScope Steel's managing director and CEO, Tania Archibald, said:

FY2026 was a defining year for BlueScope. Our robust results demonstrate the quality of our assets and management discipline through a period of significant investment and change… These actions position BlueScope for higher earnings, stronger cash generation and greater shareholder returns.

What's next for BlueScope?

Looking to FY2027, BlueScope expects to build on its momentum, supported by strong North American operations and early recovery in Australia. The company forecasts underlying EBIT of $860 million to $960 million for 1H FY2027, pending steel spreads and economic conditions.

BlueScope will continue to focus on ramping up new projects, cost efficiency, and progressing its decarbonisation pathway, including investigating new lower-emissions steelmaking technologies. The company says improved cash flow generation will help underpin enhanced shareholder returns.

BlueScope share price snapshot

BlueScope's share price has outperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a 45% gain. This reflects resilience in earnings, strong North American growth, and increased returns to shareholders.

View Original Announcement

The post BlueScope Steel FY26 earnings: Profit and dividends soar appeared first on The Motley Fool Australia.

Will the market be able to bounce back from this on Monday? Here are five things to watch:

ASX 200 expected to fall again

The Australian share market looks set for a weak start to the week following a poor session on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to open the day 33 points or 0.35% lower. In the United States, the Dow Jones fell 0.2%, the S&P 500 dropped 0.2%, and the Nasdaq fell 0.3%.

Oil prices rise

It could be a decent start to the week for ASX 200 energy shares Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) after oil prices rose on Friday night. According to Bloomberg, the WTI crude oil price was up 1.4% to US$82.40 a barrel and the Brent crude oil price was up 1.7% to US$88.52 a barrel. This follows reports that the US is threatening Iran with economic isolation.

Buy IPD Group shares

IPD Group Ltd (ASX: IPG) shares could be worth considering according to Bell Potter. In response to the electrical products distributor and services company's FY 2026 results, the broker has retained its buy rating with an improved price target of $6.50 (from $6.20). Bell Potter said: "IPG is well positioned to continue delivering strong earnings growth from booming investment in the Data Centre construction, complementing robust revenue growth across the CMI and EX Engineering businesses. Conversion of advanced M&A opportunities represents upside to near-term consensus earnings expectations."

Gold price rises

It is likely to be a positive start to the week for ASX 200 gold shares including Capricorn Metals Ltd (ASX: CMM) and Northern Star Resources Ltd (ASX: NST) after the gold price rose on Friday night. According to CNBC, the gold futures price was up 0.4% to US$4,437.3 an ounce. Easing interest rate bets in the United States gave the gold price a big boost last week.

ASX 200 results

A number of ASX 200 shares will be on watch on Monday when they release their results. Among the names to watch are infant formula company A2 Milk Company Ltd (ASX: A2M), steel manufacturer BlueScope Steel Ltd (ASX: BSL), fintech company Iress Ltd (ASX: IRE), retail giant JB Hi-Fi Ltd (ASX: JBH), and property developer Lendlease Group (ASX: LLC). 

The post 5 things to watch on the ASX 200 on Monday appeared first on The Motley Fool Australia.

I've sifted through them and come up with three S&P/ASX 200 Index (ASX: XJO) companies they say should perform well over the next 12 months.

Let's see who they like.

SGH Ltd (ASX: SGH)

UBS has reinitiated coverage of SGH, the diversified industrial company, after a blackout period when SGH was attempting to take over BlueScope Steel Ltd (ASX: BSL).

The broker said in their research note, they expect SGH to continue with their M&A strategy, "and to remain disciplined on capital returns hurdles''.

They noted that SGH has recently announced a $500 million buyback, "with leverage now below its mid-cycle target, and at a level that SGH does not expect to constrain its ability to drive inorganic growth''.

UBS said SGH's portfolio companies included uniquely positioned businesses with strong franchises and leading market positions.

They said the companies "are supported by focused management teams that run these operations with an 'owner's mindset' in terms of pursuing operational excellence and consistent cash generation''.

This puts the company in a position to support M&A opportunities and quickly reduce debt as needed.

UBS has a price target of $58 on SGH shares compared to $42.62 at the time of writing.

BlueScope Steel Ltd (ASX: BSL)

UBS said a key issue for BlueScope is where the US steel spread prices settle.

The broker is forecasting a moderation in steel prices from the second quarter of 2027, "as higher prices attract additional imports into the US market''.

But they added there were risks to the upside on steel pricing, "while medium-term demand indicators … have all improved slightly from cyclical lows, supporting a favourable risk-reward outlook''.

UBS said they saw scope for BlueScope to instigate a "sustained step-up in shareholder returns, with buybacks likely to become an increasingly important component of capital management''.

UBS has a price target of $37.50 on BlueScope shares compared to $32.15 at the time of writing.

CSL Ltd (ASX: CSL)

CSL disappointed the market in May with a major earnings downgrade, but the question now is whether it's plain sailing from here.

UBS is hopeful of steady – but not negative – results from CSL, although they note there are still headwinds in the sector.

They said in their note to clients:

Our channel checks suggest competitive conditions have not eased in most major markets and this will inform cautious guidance for FY27, but we are hopeful management will report some recent contract wins.

The broker added:

Under the interim CEO, CSL has refocused on its core plasma business, particularly in the US. Industry feedback suggests the core US hospital market remains sound and CSL has recently gained share, albeit at lower prices. In China, end patient albumin demand appears to have stabilised but the market remains oversupplied.

UBS has a price target of $158 on CSL shares compared to $115.50 at the time of writing.

The post 3 ASX 200 shares UBS says will return 15% to 35% appeared first on The Motley Fool Australia.

As a new financial year begins, brokers have indicated continuing confidence in several ASX 200 shares.

This week, they renewed their buy calls on the following stocks, with updated 12-month price targets for FY27. 

BHP Group Ltd (ASX: BHP)

Over FY26, the market's largest ASX 200 mining share skyrocketed 62% to close out the year at $59.40. 

Morgan Stanley renewed its buy rating on BHP shares this week.

The broker has a 12-month price target of $67.50. 

This suggests more than 10% upside over FY27. 

Northern Star Resources Ltd (ASX: NST)

The market's largest ASX 200 gold mining share rose just 2% to $18.95 over FY26.

UBS reiterated its buy rating on Northern Resources shares this week.

The broker reduced its price target from $24.35 to $23.75. 

This implies potential capital gains of 25% ahead.

ANZ Group Holdings Ltd (ASX: ANZ)

This ASX 200 bank share rose 21% to close out the financial year at $35.35. 

Citi reaffirmed its buy rating on ANZ shares with a price target of $39.25.

This implies potential capital gains of 11% in the new financial year. 

Mineral Resources Ltd (ASX: MIN)

The stock price of this diversified ASX 200 miner rebounded 188% to $62.07 in FY26. 

UBS reaffirmed its buy rating on Mineral Resources shares this week.

The broker lowered its price target from $83 to $79.

This implies potential capital gains of 27% ahead in FY27. 

JB Hi Fi Ltd (ASX: JBH) 

Over FY26, this ASX 200 retail share tumbled 27% to $80.48.

Bell Potter reiterated its buy rating on JB Hi-Fi shares with a price target of $87.

This implies potential capital gains of 8% over FY27.

Neuren Pharmaceuticals Ltd (ASX: NEU)

This ASX 200 healthcare share rose 26% to $17.75 in FY26. 

Bell Potter reiterated its buy rating on Neuren Pharmaceuticals shares this week.

The broker boosted its 12-month share price target from $22 to $23.50. 

This implies potential capital gains of 32% ahead.

Resolute Mining Ltd (ASX: RSG)

Over FY26, this ASX 200 gold stock ripped 56% to 95 cents per share. 

Macquarie renewed its buy rating on Resolute Mining shares with a price target of $1.55.

This implies potential capital gains of 64% for FY27. 

BlueScope Steel Ltd (ASX: BSL)

The BlueScope Steel share price rose 38% over FY26 to close at $31.87. 

RBC Capital renewed its buy rating on the ASX 200 materials share this week. 

The broker raised its 12-month price target from $35.25 to $38.25.

This suggests a potential 20% upside ahead.

South32 Ltd (ASX: S32)

Over FY26, this ASX 200 mining share rose 34% to finish the year at $3.90. 

UBS reaffirmed its buy rating on South32 shares with a reduced price target of $5.

This implies potential capital gains of 28% ahead.

The post 9 ASX 200 shares with renewed buy ratings for FY27 appeared first on The Motley Fool Australia.

After recording losses at the start of the week, investors seemed to find their sense of optimism today, with the ASX 200 staying in green territory all session, and closing 0.7% higher. That leaves the index at 8,785.7 points.

This turn of fortunes for Australian investors followed an upbeat night over on Wall Street.

The Dow Jones Industrial Average Index (DJX: .DJI) recovered from an early slump to finish 0.45% higher.

Meanwhile, the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) only just managed to get over the line, gaining just 0.026%.

But let's get back to the local markets now and dive a little deeper into what was happening amongst the various ASX sectors this hump day.

Winners and losers

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

But the decline barely dented gains made recently. May was a strong month for the ASX mining stock.

Despite the latest decline, the shares are still 32% higher for the year-to-date and over 57% higher than this time 12 months ago. BHP shares are still trading close to an all-time high of $62.06 that the mining giant recorded in mid-May.

Now the question is, have BHP shares now reached a ceiling, or is there more to come in June?

What happened to BHP shares in May?

There have been a few tailwinds over the past month pushing the miner's shares to record highs.

A boom in commodities prices and a new non-executive director appointment helped drive the miner's share value upwards.

Investors have rotated back into diversified miners after the price of copper surged close to a multi-year high.

According to Trading Economics, copper futures climbed to an all-time high of over US$6.6 per pound in mid-May.

Stronger investor sentiment for the red metal comes off the back of signs that the US and Iran were moving closer to a deal that could reopen the Strait of Hormuz.

Copper is one of the world's hottest metals right now, with strong demand for usage in electric vehicles, solar panels and data centres. And the demand isn't going away anytime soon.

Around the same time, the miner announced the appointment of Mark Vassella as a Non-Executive Director. Vasella is an industry veteran, having served many years as CEO of BlueScope Steel Ltd (ASX: BSL). Investors appeared to be thrilled with the news.

The soaring share price also saw the miner regain the crown as the largest stock on the ASX. BHP now has a market capitalization of around $307 billion, according to Market Index.

Should I sell my shares in June?

I think BHP shares have now peaked. I'm not sure that we'll see much more out of the mining giant's shares over the next few months, but given the sustained tailwinds and strong copper demand, there is no sign that the shares will tumble any time soon either.

Analysts seem to agree.

TradingView data shows that 15 out of 18 analysts have a hold rating on BHP shares. The average $57.03 target price implies a potential 6% downside at the time of writing. 

Although forecasts that the shares could increase to a maximum target price of $68.63 imply there is potential for another 14% upside.

The post Should I sell my BHP shares in June? appeared first on The Motley Fool Australia.

The BlueScope share price is up 1.21% to $30.97 on Wednesday after fresh reporting on the future of the Whyalla Steelworks in South Australia.

It has been a strong period for the ASX 200 stock. BlueScope shares are now up around 28% in 2026 and about 36% over the past 12 months.

Let's take a look at the latest news surrounding the company.

Whyalla race narrows

According to The Australian, BlueScope and its international consortium partners are no longer in the bidding race for the Whyalla Steelworks.

South Australian Premier Peter Malinauskas said Queensland coal entrepreneur Matt Latimore's private company M Resources and India's Jindal Steel are the only shortlisted bidders.

A buyer is expected to be named over the next few months.

The state government placed the steelworks into administration in February last year. The business had been operated by Sanjeev Gupta's GFG Alliance.

BlueScope had previously been considered as a serious contender.

The company owns and operates the Port Kembla steelworks in New South Wales. It had joined forces with Nippon Steel, JSW Steel, and POSCO in a heavyweight international consortium.

At the time, BlueScope said it hoped to use its domestic operating experience and familiarity with Whyalla as it led the group through due diligence.

Why investors are holding steady

Investors don't seem too concerned about BlueScope missing out on Whyalla.

Buying the steelworks would have given the company a larger role in Australian steelmaking. But it also would have brought a complicated asset that may need serious money spent over many years.

Whyalla has attracted attention because of its role as a major regional employer and strategic industrial site. It has even been discussed as a possible hub for lower-emissions iron and steel production.

While those ideas sound appealing, turning them into reality would likely take a lot of capital, government support, and time.

And BlueScope already has plenty on its plate.

The company owns the Port Kembla steelworks and has major operations in North America, where its North Star business in Ohio has been a major contributor in recent years.

Why the stock keeps climbing

BlueScope's latest run has been hard to miss.

The stock is trading near the top of its 52-week range after a strong start to 2026.

The company is also one of the larger names on the ASX, with a market capitalisation of about $13.6 billion.

Even though today's gain is modest, it still stands out against the Whyalla headlines.

A missed acquisition opportunity can sometimes weigh on a stock, especially when investors had expected a company to stay in the race.

But in BlueScope's case, the market appears to be taking a different view.

The post This ASX 200 stock is rising after a major bidding shake-up appeared first on The Motley Fool Australia.

Shares in BlueScope Steel Ltd (ASX: BSL) climbed 2% to $30.96 on Thursday, hovering near 52-week highs. The ASX steel stock has now surged an impressive 40% over the past six months.

By comparison, the S&P/ASX 200 Index (ASX: XJO) has been pretty much flat during that time, with a gain of 0.6%.

So, what's the ASX steel stock getting right?

Takeover chatter lingers

Back in February, BlueScope received what was described as a "best and final" takeover proposal from SGH Ltd (ASX: SGH) and US-based Steel Dynamics Inc (NASDAQ: STLD) worth roughly $32.35 per share.

That followed an earlier approach in January. The board of the ASX steel stock rejected both offers, arguing they undervalued the business and its long-term prospects. But even without a deal progressing, investor interest hasn't faded.

Takeover chatter around BlueScope hasn't disappeared either. While no fresh formal bid has emerged in recent weeks, speculation continues to swirl following the rejected February proposal from SGH and Steel Dynamics. Both companies have publicly voiced frustration over the lack of engagement from BlueScope's board.

Add in BlueScope management's recent comments about remaining open to the "right" valuation, and the takeover narrative continues to linger in the background. That alone can help support a higher share price.

Unlocking hidden value

But takeover tension is only part of the story. BlueScope is also trying to unlock additional value internally. The ASX steel stock has been selling surplus land across New South Wales and Victoria while developing a broader pipeline of property projects.

That matters because these assets could generate meaningful earnings outside the core steel business. In other words, investors may be starting to recognise value that previously sat under the radar.

Some sceptics may also view this as part of a broader strategy to show the company is worth far more than recent takeover offers suggested.

Sharp turnaround, risks remain

Operationally, the business also appears stronger than in previous steel cycles.

Management has focused heavily on cost discipline, product mix improvements, and expanding higher-margin steel products. That has helped reduce some of the earnings volatility traditionally associated with the steel sector.

And recent financial results have been strong. In its latest half-year result, the ASX steel stock reported a 4% increase in revenue to $8.22 billion. Net profit after tax jumped 118% to $390.8 million for the six months to 31 December 2025.

That's a sharp turnaround and a major reason investor confidence has improved.

Still, risks remain. Steel remains a highly cyclical industry. If global construction activity or manufacturing slows, steel demand and pricing can weaken quickly.

BlueScope also faces exposure to international markets, particularly North America and Asia. That creates additional risks around currency movements, tariffs, and broader trade uncertainty.

What next for the ASX steel stock?

Analyst sentiment remains reasonably positive, although expectations appear more measured from here. According to data from TradingView, seven out of 10 analysts rate the ASX steel stock a buy or strong buy.

However, the average price target sits only slightly above current trading levels. The most bullish forecast points to $35.00 per share, implying potential upside of around 13%. That suggests much of the easy optimism may already be reflected in the share price.

The post After a 40% rally, what's next for this ASX steel stock? appeared first on The Motley Fool Australia.

Shares in BlueScope Steel Ltd (ASX: BSL) jumped 3.8% to $27.07 on Tuesday and is now up an impressive 42% over the past 12 months. But it hasn't been a smooth climb. The share price has behaved more like a yo-yo, swinging on sentiment and headlines.

While other materials stocks also pushed higher on Tuesday, one key driver keeps popping up: takeover tension.

So, what's going on?

Let's rewind. Back in February, BlueScope received a "best and final" takeover offer from SGH Ltd (ASX: SGH) and its US counterpart Steel Dynamics Inc worth around $32.35 per share. That followed an earlier bid in January. The board of the ASX steel stock rejected both offers, arguing that the proposals undervalued the business.

Still, the interest hasn't gone away. The market knows bidders are circling and that's enough to keep speculation alive. Investors are now watching closely for a sweetened offer or a new player entering the mix.

Unlocking hidden value

That's the takeover angle. But there's more to the story.

BlueScope is also working to unlock hidden value internally. The company has been actively selling surplus land across New South Wales and Victoria, building a pipeline of development projects. These assets could generate additional earnings streams beyond its core steel operations.

In other words, there's value here for the ASX steel stock that isn't fully reflected in the steel business alone.

Improving resilience

Operationally, the company looks stronger too.

Management has improved resilience compared to past cycles, with tighter cost control, a better product mix, and a focus on higher-margin steel products. That's helping smooth out earnings volatility — a big win in a notoriously cyclical industry.

And the numbers back it up.

In its latest half-year result, BlueScope reported a 4% lift in sales revenue to $8.22 billion. Even more impressive, net profit after tax surged 118% to $390.8 million for the six months to 31 December 2025.

That's a serious earnings rebound.

Trade uncertainty, currency risk

But let's not ignore the risks for the ASX steel stock.

Steel is a cyclical business, heavily tied to global growth. If construction or manufacturing slows, demand — and margins — can fall quickly.

There's also exposure to global markets, particularly North America and Asia, which introduces currency swings and trade uncertainty.

And then there's the ESG challenge.

Steelmaking is energy-intensive, and environmental regulations are tightening. While BlueScope is investing in decarbonisation, transitioning legacy operations won't be cheap or easy.

The bottom line

BlueScope shares are being pulled in two directions — strong fundamentals on one side, takeover speculation on the other.

If a higher bid emerges, the upside could come quickly. If not, investors are still left with a more resilient, better-run steel business.

Either way, this is one ASX stock that's unlikely to stay quiet for long.

The post Is takeover tension sending this ASX steel stock soaring? appeared first on The Motley Fool Australia.

At the time of writing, shares are down 0.45% to $26.72. Even so, the stock remains up around 11% in 2026.

The move comes after BlueScope outlined progress in a key strategy aimed at unlocking value from its large surplus land portfolio.

Here's the key detail.

Progress on surplus land strategy

BlueScope confirmed it is accelerating plans to extract value from around 1,200 hectares of surplus industrial land across New South Wales and Victoria.

More than 60% of this land is already zoned to support development, with access to major infrastructure such as ports, transport, and energy.

The company is pursuing a mix of leases, partnerships, and selective asset sales to generate returns over time.

Management said the program is designed to deliver value beyond its core steelmaking operations.

New deal signed in NSW

In New South Wales, BlueScope has entered a commercial heads of agreement with automotive logistics group, Prixcar.

Prixcar is an Australian automotive logistics company specialising in vehicle storage, processing, and transport. It works with major car manufacturers and dealerships to manage vehicle distribution nationwide.

The deal involves a 10-hectare hardstand car storage facility at West Dapto, supported by an initial 10-year lease.

The site sits within an established industrial area with strong demand for logistics and storage.

Development is expected to be completed by 2029. BlueScope estimates the project will deliver around $40 million in value after costs and incentives.

Victoria project moves forward

In Victoria, the company has launched an expression of interest process for a larger 65-hectare logistics hub.

This site is located next to its Western Port facility and benefits from close proximity to road, rail, and port infrastructure.

BlueScope expects the project to attract interest from logistics and industrial developers, with early signals described as strong.

Value from this initiative is expected to start coming through in the first half of FY27.

Building on earlier milestones

Today's update follows a series of recent steps to unlock value from its land portfolio.

These include the $76 million sale of a 3.3-hectare residential site at West Dapto, and a long-term ground lease linked to a 100MW battery project in New Zealand. The company has also rezoned around 200 hectares of land at Port Kembla.

Foolish Takeaway

BlueScope is making steady progress in extracting value from its surplus land portfolio.

The NSW and Victorian projects add to a growing pipeline, with further developments expected over the coming years.

While the share price edged lower today, this plan could help the company make more money alongside its steel business.

The post This ASX steel stock is unlocking hidden value. So why is it falling today? appeared first on The Motley Fool Australia.

After yesterday's horrid 1.7% drop, investors weren't in the mood to turn the ship around today. The ASX 200 spent the entire session in the red and ended up closing down 0.82%. That leaves the index at 8,428.4 points as we head into the weekend.

This not-so-nice end to the trading week for Australian investors follows a similarly downbeat morning on the American markets.

The Dow Jones Industrial Average Index (DJX: .DJI) couldn't hold water, falling 0.44%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) only managed a slightly better performance, dropping 0.28%.

Time now to get back to the local markets and take a closer look at what was happening amongst the different ASX sectors this Friday.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

Two takeover approaches in January and February sent BlueScope shares swinging. Up on the initial interest, then tumbling as the market digested the company's rejection of the offers as too low.

So far this year, BlueScope shares have surged 13.9% to $27.40 at the time of writing. Now that the dust is settling, investors want to know what's next.

Final takeover bid insufficient

SGH Ltd (ASX: SGH) and its US counterpart Steel Dynamics Inc confirmed a best and final offer in February of $32.35 per share.

Management and the board of BlueScope called the offer insufficient to reflect the company's long-term growth prospects and underlying asset value.

That decision has put the ball back in BlueScope's court. Now, the steel company needs to prove that it can create more value organically than the takeover price suggested.

Jump in profits and sales

This year's rally of BlueScope shares isn't just about takeover talk. Operationally, management has improved resilience compared with past cycles. Tighter cost control, a better product mix, and a focus on higher-value steel products have helped smooth earnings volatility.

Last month, BlueScope shares posted a 4% lift in sales revenue to $8,224 million. It also reported a 118% jump in net profit after tax (NPAT) to $390.8 million for the six months ended 31 December 2025.

Special dividend and share buyback

Dividend income remains a key strength for BlueScope shares. The company has built a track record of attractive yields, supported by strong cash flow from its integrated operations.

At a time when reliable income is harder to find, consistent payouts from a large industrial with pricing power can be a strong drawcard for investors. In January, the board declared a $1 per share unfranked special dividend, returning $438 million in surplus cash to shareholders.

The company also announced a share buyback of up to $310 million and lifted its annual ordinary dividend target to $1.30 per share for calendar year 2026.

Downturns squeeze margins

That said, risks are real. Steel markets are cyclical, closely tied to global economic activity, commodity prices, and industrial demand. Downturns in construction or manufacturing can squeeze margins quickly. Geographic exposure, especially in North America and Asia, also introduces currency and trade risk.

Environmental and regulatory pressures add another layer of complexity. Steel production is energy-intensive and subject to emissions constraints. BlueScope has taken steps toward decarbonisation, but transitioning legacy assets and managing compliance costs will be ongoing challenges.

What next for BlueScope shares?

Sentiment has been mixed but generally constructive. From here, the outlook for BlueScope shares hinges on two things.

First, whether further takeover interest emerges, which could push shares higher or at least provide a valuation floor. Second, whether operating conditions stay supportive enough to justify BlueScope's richer valuation even without a deal.

For now, analysts remain broadly positive.

Most rate BlueScope shares a buy or strong buy. The average 12-month price target sits around $31.90, with bullish forecasts reaching $35. This suggests up to 28% upside from the $27.40 price at the time of writing.

The post What's next for BlueScope shares after takeover drama? appeared first on The Motley Fool Australia.

This horrendous day for the Australian markets follows a rough morning on Wall Street for American investors.

The Dow Jones Industrial Average Index (DJX: .DJI) ended its session 0.83% lower after tanking more than 2% at one point.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) fared even worse, losing 1.02% of its value after a near-3% loss during intra-day trading.

But let's grit our teeth and return to the local markets now for a checkup on how today's tough trading conditions affected the different ASX sectors.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

Strong dividend stocks can help smooth out market volatility, provide regular cash flow, and compound wealth over time. Today, 3 ASX names stand out to me for their combination of yield, scale, and proven earnings power.

Here are 3 ASX dividend stocks I think every Aussie investor should at least consider.

Woodside Energy Group Ltd (ASX: WDS)

The Woodside share price is up 0.90% today to $28.19.

Woodside is Australia's largest listed oil and gas producer. It generates enormous cash flow during periods of solid oil and LNG prices and has built a track record of returning that cash to shareholders.

At the current share price, Woodside is offering a trailing dividend yield of around 6%. Importantly, the company's dividends are 100% franked.

Woodside pays in US dollars, which gives Aussie investors exposure to global energy markets and the US currency. That can act as a natural hedge if the Australian dollar weakens.

Energy earnings can be cyclical, but Woodside's scale, long life assets, and disciplined capital management make it one of the more resilient players in the sector.

New Hope Corporation Ltd (ASX: NHC)

The New Hope share price is up 0.21% to $4.71.

New Hope is a coal producer, which means its profits are tied to thermal coal prices. When coal prices are strong, cash flow can surge.

At current levels, New Hope is offering a dividend yield of roughly 7.2%, with dividends 100% franked. That is a very attractive income stream in today's market.

Like Woodside, earnings can be volatile. Coal prices have cooled from their peak levels, which could impact future payouts.

However, New Hope has maintained a relatively conservative balance sheet and has returned excess capital to shareholders in previous years.

BlueScope Steel Ltd (ASX: BSL)

The BlueScope share price is up 1.01% today to $27.99.

BlueScope is a global steel producer with operations in Australia, the United States, and Asia. While steel earnings are also cyclical, BlueScope has diversified its revenue base and improved cost control over recent years.

At present, the dividend yield sits around 2.1%. That is lower than the 2 ASX energy names above, but BlueScope offers something different.

It provides exposure to construction and infrastructure activity, particularly in the US. When building activity is strong, margins can expand quickly. The company has also shown disciplined capital management, including share buybacks and special dividends in stronger years.

Foolish bottom line

No dividend is ever guaranteed. Commodity prices move, economic conditions change, and earnings can fluctuate.

However, Woodside, New Hope, and BlueScope are established businesses with strong cash generation and a history of rewarding shareholders.

If you are seeking income plus long-term growth, these 3 ASX dividend stocks deserve a closer look.

The post 3 ASX dividend stocks I think every Aussie should own appeared first on The Motley Fool Australia.

The takeover consortium initially launched the conditional bid for BlueScope in January at $30 per share, which was quickly rejected by the BlueScope board as too low.

The consortium came back with a revised bid for BlueScope on February 18, offering $32.35 per share, which was, they argued, equivalent to $34 per share once BlueScope's interim and special dividends were added back in.

Bid still too low

The board on Thursday responded to the revised offer, saying it was really only worth $31 per share, given that it planned to pay shareholders $1.65 per share plus another $1.35 in distributions.

The board added:

On this basis, the board has assessed that the scheme consideration would be only $31 per share given that no transaction with the consortium could be completed prior to the payment of the further distributions already announced by BlueScope. If a transaction completed in calendar year 2027, that would cause a further reduction in the offer price below $31 per share.

The board said in its statement that it stood by comments made prior to the increased bid being offered, that the proposal "significantly undervalued the company''.

It added:

The board maintains its view on the fundamental value of BlueScope. The revised proposal does not adequately address our valuation concerns. Consequently the offer price is not sufficient for the board to recommend a scheme of arrangement to its shareholders.

Value could be increased

The board said that despite the revised bid being a "best and final" offer, "we consider that there are various ways to increase the vale that BlueScope shareholders could receive''.

They added:

The board remains open to a transaction at a price that reflects the fair value of BlueScope.

The board said they were happy to look at the assumptions made in the financial modelling of the proposed acquirers and provide feedback.

The board of BlueScope also said there were onerous conditions to the proposed takeover, one of which was the requirement for "hard" exclusivity, meaning BlueScope could not engage with other potential bidders.

They also considered it onerous that the bidders wanted a unanimous recommendation from the board in favour of the bid before due diligence had started.

BlueScope shares were trading lower on Thursday, down 3.1% at $27.50. The company was valued at $12.4 billion at Wednesday's close.

The post BlueScope shares on the slide as takeover again rebuffed appeared first on The Motley Fool Australia.

What did SGH report?

• Revised non-binding indicative offer of A$32.35 per BlueScope share (total equity value: A$15 billion)
• Offer is 14% above their previous adjusted proposal and 47% above BlueScope's adjusted prior closing share price
• Full cash consideration for BlueScope shareholders
• SGH intends to retain BlueScope's Australia and Rest of World operations; Steel Dynamics to acquire North American assets
• Offer subject to regulatory, shareholder, and due diligence conditions

What else do investors need to know?

SGH and Steel Dynamics describe the offer as their best and final proposal unless a superior competing bid emerges for all or a significant portion of BlueScope Steel. The transaction would see BlueScope split, with SGH keeping Australian and global businesses, while Steel Dynamics acquires BlueScope's North American operations.

Regulatory approvals, due diligence, and formal documentation are still outstanding, but both companies state they are confident about satisfying all required conditions. The revised proposal fits SGH's capital allocation strategy and supports its plan to further develop BlueScope's operations outside North America.

What's next for SGH?

If approved, the acquisition would reshape SGH's business, positioning it as the owner of BlueScope's domestic and global segments, while Steel Dynamics would expand into North America. Both SGH and Steel Dynamics remain engaged in discussions and are committed to progressing due diligence, legal documentation, and regulatory processes.

The companies have stated that further updates will be provided to the market as developments arise, and there remains no certainty the offer will result in a completed transaction.

SGH share price snapshot

Over the past 12 months, SGH shares have declined 13%, trailing the S&P/ASX 200 Index (ASX XJO) which has risen 6% over the same period.

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The post SGH Ltd confirms $32.35 per share BlueScope bid appeared first on The Motley Fool Australia.

What did BlueScope Steel report?

• Sales revenue rose 4% to $8,224 million (1H FY2025: $7,914 million), mainly driven by higher benchmark prices and volumes in the US.
• Reported NPAT increased 118% to $390.8 million; underlying NPAT up 117% to $382.0 million.
• Underlying EBIT lifted 81% to $557.5 million; underlying EBITDA up 39% to $915.3 million.
• Reported earnings per share rose 119% to 89.1 cents.
• The interim ordinary dividend declared at 65.0 cents per share (unfranked), up from 30.0 cents last year.
• Net debt reduced to $2.2 million compared to $28.4 million at 30 June 2025; group gearing effectively nil.

What else do investors need to know?

BlueScope confirmed several significant developments post-period. In January, the board announced an unfranked special dividend of $1.00 per share, returning $438 million of surplus cash to shareholders. The company also outlined a buy-back program of up to $310 million and raised its annual target ordinary dividend to $1.30 per share for calendar 2026.

Additionally, BlueScope's board rejected an unsolicited $30 per share takeover offer from an Australian-US consortium, citing significant undervaluation. Tania Archibald took on the role of Managing Director and CEO in February 2026, signalling a focus on accelerating value delivery.

What's next for BlueScope Steel?

BlueScope expects underlying EBIT for the second half of FY2026 to be in a range of $620–700 million, reflecting forecast higher steel spreads in North America but softer conditions in Australia and Asia. Major growth projects like North Star's capacity expansion and the New Zealand electric arc furnace are progressing, aimed at boosting efficiency and supporting decarbonisation goals.

The company's new capital management policy targets the distribution of at least 75% of free cash flow to shareholders. Management will remain focused on unlocking further operational savings and land value realisation, while progressing low-emissions steelmaking initiatives.

BlueScope Steel share price snapshot

Over the past 12 months, BlueScope Steel shares have risen 15%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 4% over the same period.

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The post BlueScope Steel books strong 1H FY26 profit and dividend surge appeared first on The Motley Fool Australia.