21/12/2021 09:17

BlueScope Steel (BSL) $21.91

BSL took out line honours for the ASX200 yesterday rallying on the encouraging economic news out of China. We like BSL under $22 and assuming of course we don’t see an about turn by Xi Jinping et al, which we doubt. A test of 2021 highs now feels like a real possibility which provides a decent read through for the Resources Sector into at least...

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11/11/2021 09:35

BlueScope Steel (BSL) $20.00

After holding firm over previous weeks BSL was the ASX200’s worst stock yesterday falling over 5.8% in the process, we like this steel manufacturer but wouldn’t be accumulating until we saw at least another 5% downside.

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20/10/2021 09:16

BlueScope Steel (BSL) $20.03

The miners struggled on Tuesday with RIO the worst of the large iron ore names falling over 3.25% while BlueScope Steel (BSL) went one step further tumbling over 3.5% to test the psychological $20 area. Like other stocks exposed to the bulk commodity BSL looks like it’s got further to fall but as an aggressive play we like it under $19 targeting an initial bounce of 15%.

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01/10/2021 09:18

BlueScope Steel (BSL) $20.50

We mentioned liking BSL around the $20 area in yesterdays “The Match Out” report as MM feels value is back on the table following the company’s 25% correction. The steel manufacturer is obviously set to suffer as Chinse property development slows hence we wouldn’t be chasing any strength preferring to consider accumulating in the $18-$20 area.

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16/08/2021 11:19

Bluescope (BSL) $25.91

Bluescope (BSL) FY21 Results: A very strong update from BSL this morning with a ‘beat’ overall. Revenue of $12.87b (small beat), EBIT of $1.72bn (small beat) & an underlying NPAT of $1.19bn was a strong beat v the $1.17bn expected.  A FY21 dividend of 25cps was below 32cps expected however they’ve topped up with a 19cps special dividend + they announced a...

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16/08/2021 08:11

Reporting Today (BPT, BEN, BSL, CAR, GPT, JBH, LLC, SWM)

Reporting Calendar: Download here Companies reporting today on MM’s radar include: Beach Energy (BPT) FY21 Results: NPAT expected to be  $324m

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16/07/2021 09:25

BlueScope Steel (BSL) $22.49

Melbourne based steel business BSL has grown earnings across its main business areas which has been reflected by a stellar performance by its share price i.e. earnings in the first half came in over $530m, up 78% on the same COVID hit period of 2020.

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04/06/2021 09:03

BlueScope Steel (BSL) $21.80

BSL is excellently positioned for the ongoing global economic expansion and technically it looks excellent for a pop towards $25.

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27/04/2021 16:52

BlueScope Steel (BSL) $22.16

BSL +0.50%: the steel maker upgraded earnings guidance for the second half by over 30% at the EBIT line (to midpoint) as strong demand for materials supports earnings.

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26/02/2021 09:24

Bullish Bluescope (BSL) $17.43

MM has been showing a few different Resources Stocks over recent weeks to illustrate our view that their surge higher had further to unfold

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