Tag: ASX:BSL

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BlueScope Steel is under Algo Engine buy signals and the chart below shows the suggested accumulation range.

BlueScope Steel is under Algo Engine buy conditions.

With $285M of stock bought since August 2021, the Board has approved an increase in the scale of the buy-back program to allow up to a further $700 million to be bought over the next 12 months

BlueScope delivers record underlying EBIT of $2.20Bn, increases on-market buy-back; commences feasibility, analysis on blast furnace reline at Port Kembla

1H FY2022 Headlines
Reported NPAT: $1.64Bn
Underlying NPAT: $1.57Bn
Underlying EBIT: $2.20Bn

2H FY2022 GROUP OUTLOOK: Underlying EBIT in 2H FY2022 is expected to be in the range of $1.20 billion to $1.35 billion.

BlueScope Steel is under Algo Engine buy conditions.

Stop loss on a break below $19.30.

BlueScope Steel is under Algo Engine buy conditions.

BlueScope Steel is under Algo Engine buy conditions.

BlueScope Steel is under Algo Engine buy conditions.

BlueScope Steel was added to our ASX 100 model portfolio on 28/1/21 at $16.03. The share price is now up 60.80% after a 197-day holding period.

The stock remains under Algo Engine buy conditions.

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BlueScope Steel earnings have been upgraded across all segments, which have seen strong volumes and improving steel spreads in Australia and the US.

BSL expects to report 1H21 EBIT of A$530m. The stock has switched to Algo Engine buy conditions and we see support building within the $14.50 to $16 price range.