Seems like a few people were desperate to buy before the Monday announcement. Up $1 during the day and 20c on close ( matching prices) which is the biggest close price increase that I can remember.
We know what the profit is, The key will be the outlook. January HRC prices were well over $1000 while in February its over $900. Than it looks abit murky with March contracts at the low $800. Predicting profit outlook is hard.
I expect the buyback to continue while I suspect there may be a surprise considering the amount of cash the company is sitting on. Perhaps a capital return or a special dividend.
Seems like a few people were desperate to buy before the Monday...
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Last
$22.68 |
Change
0.090(0.40%) |
Mkt cap ! $9.947B | |||
| Open | High | Low | Value | Volume |
| $22.65 | $22.74 | $22.48 | $41.95M | 1.851M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 517 | $22.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.68 | 2130 | 3 |
View Market Depth
| Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
| BSL (ASX) Chart |