BSL 0.74% $20.54 bluescope steel limited

Ann: BlueScope increases 1H FY2022 earnings guidance, page-23

  1. 1,706 Posts.
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    As I said previously be happy that the buyback is happening at the current price levels. If the $500million goes through at these levels another 5% of the shares will disappear off the registry. Hopefully they will add another $500 million shortly.

    I can only think that steel companies are still deemed as high risk as many Aussie investors would have lost a lot when Arrium went under (Myself included) and BSL itself wasn't going very well 6 or 7 years ago ($1.50 per share after the consolidation). Time have changed and BSL is going very well indeed and has restructured in a way that will hopefully ensure profitability through steel price downcycles. I believe in the near future it will be undeniable to rerate this company. IMO.
 
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