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
$20.54 |
Change
0.150(0.74%) |
Mkt cap ! $9.067B | |||
| Open | High | Low | Value | Volume |
| $20.33 | $20.73 | $20.22 | $29.24M | 1.422M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10282 | $20.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.55 | 5549 | 2 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$20.61 |
Change
0.150 ( 1.31 %) |
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| Open | High | Low | Volume | ||
| $20.33 | $20.73 | $20.23 | 170169 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| BSL (ASX) Chart |