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.
As I said previously be happy that the buyback is happening at...
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Last
$21.24 |
Change
0.110(0.52%) |
Mkt cap ! $9.395B | |||
| Open | High | Low | Value | Volume |
| $21.51 | $21.58 | $21.24 | $21.52M | 1.007M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2074 | $21.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.26 | 1901 | 1 |
View Market Depth
| Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
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Last
$21.33 |
Change
0.110 ( 0.71 %) |
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| Open | High | Low | Volume | ||
| $21.46 | $21.58 | $21.30 | 104029 | ||
| Last updated 15.59pm 22/05/2024 ? | |||||
| BSL (ASX) Chart |