BSL was red previously, and TLS was green, now they have reversed. The market does not believe this fiber to the home thing newsflow announced by the Minister today is going to happen, 2023 is a long time away and they still need to go through a TLS NBN sale process.
BSL still has existing contracts in place.
Who knows, TLS might not be able to or be prevented from buying it? But it should be cheaper given the rollout, not good for steel and bad for BSL, but good for TLS and Cu/ potentially lithium companies if it happens.
President Trump getting re-elected might be better for BSL than the alternative.
Ann: FY2020 Results Investor Presentation, page-14
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Last
$21.81 |
Change
-0.220(1.00%) |
Mkt cap ! $9.577B | |||
| Open | High | Low | Value | Volume |
| $21.74 | $21.93 | $21.65 | $16.52M | 758.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1029 | $21.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.81 | 1265 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| BSL (ASX) Chart |