Uturn2, BSL is a good trading stock. (There will be plenty of downsides and the odd dead cat bounce in the times to come). That's about it.
Sometimes it's better to cut and run than die a death by a thousand cuts.
Long term holders (if there are still any left) should do some simple research. To say the BSL management deceived share holders is a huge understatement when they provided forward guidance that there would be just a "small loss".
Yeah right. $1Billion loss, 1000 fired and on the day when they released the results (something they never mentioned before) is that the company is facing a crisis brought about by a decaded of structural change. WT ? did they realize this waking up on the day they wrote off half of Port Kembla ????????????
It's a company without a future but worse still a capital raising may be on the cards for it's ability to borrow is not good and is saddled with debt. How it can repay that debt is beyond me.
Every global, local, structural, economic, exchance rate, competition factors stacks against it big time. I am pretty adamant BSL will make many half year's losses (for years to come - if it doesn't become insolvent).
With one blast furnace supplying a tiny and shrinking market where it is losing share to dumped Chinese imports.
Growth ??
Any broker recommending BSL will never pass a lie detector test.
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BSL
bluescope steel limited
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1.47%
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$24.09

it looks like bottomed, page-20
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Last
$24.09 |
Change
0.350(1.47%) |
Mkt cap ! $10.50B |
Open | High | Low | Value | Volume |
$24.08 | $24.12 | $23.78 | $5.919M | 247.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
21 | 1111 | $24.07 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$24.09 | 232 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 448 | 24.100 |
7 | 291 | 24.090 |
9 | 669 | 24.080 |
12 | 900 | 24.070 |
9 | 790 | 24.060 |
Price($) | Vol. | No. |
---|---|---|
24.110 | 100 | 3 |
24.120 | 673 | 8 |
24.130 | 562 | 6 |
24.140 | 531 | 5 |
24.150 | 1486 | 8 |
Last trade - 12.43pm 17/07/2025 (20 minute delay) ? |
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