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.
Ann: BlueScope increases 1H FY2022 earnings guidance, page-23
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Last
$19.92 |
Change
-0.050(0.25%) |
Mkt cap ! $8.766B | |||
| Open | High | Low | Value | Volume |
| $19.95 | $19.97 | $19.54 | $35.10M | 1.768M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 210 | $19.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.93 | 3356 | 2 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| BSL (ASX) Chart |