They normally stop the buyback 2 months before the release of results which highlights the stupidity of management.
This went from $23.50 to $21.80, a 7% drop on no news other than slightly softer US HRC prices ( in 2 days). This happens pretty much every time they're about to release the results and once again highlights this company is one of the most manipulated on the market. And it's a disgrace it's allowed to happen every year.
It takes two days to wipe out several months of share price growth. And if you have a look at the charts, it happens ALL the time!
Ann: Update - Notification of buy-back - BSL, page-4
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Last
$21.14 |
Change
0.210(1.00%) |
Mkt cap ! $9.332B | |||
| Open | High | Low | Value | Volume |
| $21.15 | $21.28 | $21.05 | $142.5M | 6.741M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $21.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.15 | 19044 | 3 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$21.17 |
Change
0.210 ( 0.98 %) |
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| Open | High | Low | Volume | ||
| $21.15 | $21.28 | $21.05 | 532642 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| BSL (ASX) Chart |