Bluescope report NZ Steel had a boomer of half year
New Zealand Steel is set to report its best half-year result in two years as it benefits from strong domestic construction and cost-cutting started last year.
Printable View
Bluescope report NZ Steel had a boomer of half year
New Zealand Steel is set to report its best half-year result in two years as it benefits from strong domestic construction and cost-cutting started last year.
Based on the last few years i thought we might of seen a half year update. Or at least a date for when the half year results will be released.
Thanks for that infor, w69.
Expanding further :
https://cdn-api.markitdigital.com/ap...df02a206a39ff4
NZ & Pacific operations improved substantially in H1 2021 - EBIT expected to be in excess of $55m.
Compares with $12.9m in H1 F2020.
Given that STU is Bluescope's major distributor in NZ, augers very well for STU operations.
If the closing trades yesterday (big buyer mopped up over 200,000 shares, including a line of 200k, at 98c) are any guide, someone is very keen indeed to accumulate - and not afraid to pay up.
Modus operandi suggests to me it's Milford who sold out to NZ Steel at $1.75 buying back in - heaps more shares to buy!
Wow $1.04 .. seems like someone has an appetite .. ;)