Tag: ASX:BSL

BlueScope Steel announced underlying EBIT of $718m in 1H FY24, (beat consensus), and at the top end of guidance of $660m.

BlueScope Steel has cut 1H24 EBIT guidance to A$620-670m. We’re buyers within the $15 – $17 price range and expect earnings to recover in 2025.

BlueScope Steel is under Algo Engine buy conditions and it’s also a recent addition to the ASX Trade Table.

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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.