re: Ann: Update on BlueScope Steel Capital Ma... BSL Thanks for nothing. I can't believe they waited for the stock price to be driven into the ground and then issue shares at a 25% discount. Someone explain to me how this is in the best interest of share holders. Surely it would have been preferable to ask existing share holders for funds through a 1 for 50 offer. $300m is a small amount for a company of this size and future about 9% of issue capital now that the stock has declined 70%. As far as I'm concerned bad management not to have done the raising months ago when the stock was say $9 and the $300m would only have been 3% of issued stock.
Ann: Update on BlueScope Steel Capital Management, page-2
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Last
$21.60 |
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-0.760(3.40%) |
Mkt cap ! $9.477B | |||
| Open | High | Low | Value | Volume |
| $22.29 | $22.40 | $21.51 | $57.00M | 2.621M |
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| No. | Vol. | Price($) |
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| 1 | 782 | $21.54 |
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