BSL 0.38% $20.87 bluescope steel limited

Some observations 1. We are now 18% up on the low of $10.56 set...

  1. 356 Posts.
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    Some observations
    1. We are now 18% up on the low of $10.56 set just one month ago. First of all, to those who saw the value at those levels, and there are a bunch of us here, you have already made an insane return of 18%. Secondly it seems pretty safe to say the bottom is well and truly in and we are on the climb up.
    2. It seems to be building for a big rip up. Companies like Kogan and APT are experiencing enormous 1 day gains as they release their results. I'm expecting that when we get a business update this will gap up mightily.
    3. Its certainly not too late to get on board. This thing is still crazy undervalued. We are not talking about a company hoping to make some money in the future but a company right now spitting out cash at the best PE rate in the country. I would be surprised if this does not reach $15 or $16 within the next 6 month. look at AGL share price since October. It's not just my opinion, you won't find an analyst with a lower price estimate than that. That implies at least another 20% upside from here.

    They say one key to making big money in the share market is being right before anyone else is.
    Those discussing BSL in this forum over the last 3 months have already profited from being right early. There's more to be made as people grow more confident that this rise is going to continue.
 
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$20.87
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$20.90 $21.18 $20.81 $22.97M 1.099M

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2 9649 $20.87
 

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$20.88 4334 2
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