BSL 3.70% $23.85 bluescope steel limited

anyone watching this one?, page-19

  1. 228 Posts.
    re: bsl - buyback Buyback still continuing at a million a day. Hard to tell, but you would think they are going to continue at this rate and get it over with in three months, rather than string it out over 7 or 8 months as they would be able to do.

    I'm speculating that either
    - Amount of cash they hold is burning a hole in their pocket, so they want the buyback over with.
    - They feel the price will rise a lot over current valuations, perhaps when 1st full year results released. So it makes sense to buy at these prices.
    - Maybe they can pay a better looking dividend by reducing the number of shares on issue before the record date?

    Aegis featured a note on BSL yesterday, mentioned that it is no longer so compelling at these valuations.
 
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Last
$23.85
Change
0.850(3.70%)
Mkt cap ! $10.59B
Open High Low Value Volume
$23.27 $23.98 $23.02 $52.53M 2.210M

Buyers (Bids)

No. Vol. Price($)
1 1000 $23.02
 

Sellers (Offers)

Price($) Vol. No.
$24.00 22931 13
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Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
$23.93
  Change
0.850 ( 3.76 %)
Open High Low Volume
$23.15 $23.97 $23.03 369089
Last updated 15.59pm 29/03/2024 ?
BSL (ASX) Chart
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