BSL has no option but to sell assets. However, to sell now means receiving a lousy price well below book value. But it is a question of survival now for BSL. Flat steel is available for half the price 8 months ago..... yet sales are down severely. A deadly combination. OST rose over 4% today. Long steel products have also dropped in price but sales are far better and most importantly.... have far better prospects. BSL cannot regain its former high for a very long time IMO. Holders can use as a tax loss against capital gains on other stocks. The demise of BSL is largely(not solely) due to grandiouse dreams of management during the boom. A pity because less ego in the boardroom and the BSL SP would be 2-3x its current level. Avoid.
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Last
$21.60 |
Change
-0.760(3.40%) |
Mkt cap ! $9.477B |
Open | High | Low | Value | Volume |
$22.29 | $22.40 | $21.51 | $57.00M | 2.621M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 782 | $21.54 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$21.62 | 4037 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 817 | 21.500 |
1 | 1000 | 21.490 |
1 | 1000 | 21.470 |
1 | 466 | 21.450 |
3 | 2686 | 21.400 |
Price($) | Vol. | No. |
---|---|---|
22.050 | 350 | 1 |
22.200 | 135 | 1 |
22.300 | 500 | 1 |
22.390 | 912 | 1 |
22.400 | 1960 | 2 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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