Hi all,
I'm sorry to say but Bluescope ain't the company it used to be before the GFC. I have many friends who are engineers who deal with Bluescope and one of my mates actually works for them.
Well this guy says they're shutting down their smelters and haven't not hired anyone in about 18 months. He's looking for another job as we speak.
He says that BSL will keep their distribution arm but the production plants are going to be reduced significantly.
As always DYOR but this is coming from an engineer who was working for the company. He's been offered a pretty generous redundancy package for a late 20's engineer which he's taken.
My prediction is BSL will unfortunately stay below $3 for while. After the SP fell from $10 to $2 it looked like a great buy opportunity for the recovery but sad to say I'm glad I didn't buy because I'd get a better return on so many other stocks.
So again DYOR. Just some advice from me who knew someone that worked there.
Hi all, I'm sorry to say but Bluescope ain't the company it used...
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Last
$20.43 |
Change
0.110(0.54%) |
Mkt cap ! $8.990B | |||
| Open | High | Low | Value | Volume |
| $20.32 | $20.58 | $20.15 | $35.06M | 1.717M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 308 | $20.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.43 | 3123 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BSL (ASX) Chart |