BSL 1.59% $21.64 bluescope steel limited

Ann: Update - Notification of buy-back - BSL, page-5

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  1. 266 Posts.
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    The point I was trying to make is that there is too much inconsistency (even accounting for cash flow etc). They haven't bought shares for a few weeks now and that happens quite often. Its quite an amateurish buyback tbh and quite embarrassing. For example they very rarely buy before and after public holidays ( people are taking days off to go on holidays and no one is left in the office to buy shares).

    On a secondary note, shares are being shorted to buggery atm buy the vultures (State Street and Vanguard). Shorts are at record 3 year highs atm with 14 million shares shorted. The buyback could be counterbalancing the vultures from making a quick buck!


 
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