BSL 0.50% $20.06 bluescope steel limited

Just luck to be honest! Was waiting for full year of holding,...

  1. 3,808 Posts.
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    Just luck to be honest!
    Was waiting for full year of holding, was set to sell at $6, got crazy busy and went on holiday, when I came back OMG steel margins have quadrupled!!!(margins didn't quadruple in that time but that's when the info came out)
    Shocked me but now I have that information it completely changes BSL valuation.
    Not to mention the loss making Iron Sands business is now highly profitable at current prices
    EVERY single part of the business should be making good margins at the moment, hard to put a dollar amount on it without going much deeper but my sell price probably starts with an 8.
    It's actually a little annoying as I kind of want the cash LOL
    May still take half my holdings off the table on an attempt at $7, probably should for safety.
 
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