Hi all, I hope this thread is also related to tata steel. 4.5% is a nice dividend yield. considering the nature of the company. steel being in upcycle.
What I like about the company?
- Dividend yield 4.5% is attractive.
- Synergy with other valued added steel products is just amazing.
- Raw materials 100% iron ore is sourced inhouse. only coal 50% requirements are imported. (from annual reports)
- Being associated with the tata family.
What are my expectations?
I am not expecting the stock to be a huge multi-bagger. I expect the stock to be a nice cushion against inflation with the regular increasing dividend flow.
My Questions to fellow trackers of this company,
- Are my expectations good? your comments.
- As per annual reports I am to understand that all their iron ore requirements are satisfied in-house. in this case how long they will be able to dig up the iron ore? how much is left? how difficult is it to acquire new pits?
- since we are in a steel upcycle. how much in percentage it has effects on profits in the down cycle.
Any point you share will be helpful. thanks in advance!