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BSL $18.37

bsl 52 million to go

  1. Rondog

    663 Posts.

    BSL has been a great example of a Darvas Box style of trade. As many would know, this has been in part due to the on market buy back by the company.

    I didn't realise until I read todays announcements, that BSL can still buy back around 52 million shares if they wanted to. They are NOT obliged to do so however.

    Leaving the door open to buy back another 52 million shares seems like an awful lot. I wonder if it was a misprint.

    Anyway, BSL has bought back its own shares up to $5.15 and I suspect it will be willing to do so again.

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