when do you think the redundencies will begin at BSL? when Steel exports jump from 30% to 40% into Australia??
There will be no takeover until the share price is at least $4 - $4.50 because a takeover still has to add 20-40% on top of the share price for a takeover acceptence.
Also can anybody tell me why on earth would managed funds be wanting to buy BSL with the current longterm outlook for domestic steel production with pooled investor's money?? It would in no way help any institutions performace percentage and therefore not help their business marketing.
world steel share prices rise on back of 13% inc i, page-12
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Last
$21.90 |
Change
0.490(2.29%) |
Mkt cap ! $9.616B | |||
| Open | High | Low | Value | Volume |
| $21.78 | $22.00 | $21.69 | $57.67M | 2.631M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2193 | $21.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.91 | 1786 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| BSL (ASX) Chart |