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!
They normally stop the buyback 2 months before the release of...
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Last
$21.34 |
Change
0.080(0.38%) |
Mkt cap ! $9.439B | |||
| Open | High | Low | Value | Volume |
| $21.19 | $21.45 | $21.19 | $19.21M | 891.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 938 | $21.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.36 | 2749 | 1 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
$21.36 |
Change
0.080 ( 0.03 %) |
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| Open | High | Low | Volume | ||
| $21.21 | $21.45 | $21.20 | 71048 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| BSL (ASX) Chart |