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BluScope steals upgrade

Wilson Asset Management

Wilson Asset Management

On Thursday, BlueScope Steel (ASX: BSL) announced second-half earnings before interest and tax (EBIT) guidance had been increased from $270 million to $340 million. The company said the latest profit was driven by better margins across its international steel business, particularly its North Star and Steelscape divisions in the United States. The announcement follows a previous positive update in May. Shares in BlueScope climbed following the announcement, and closed up 21.9% for the week. We own BlueScope as a ‘market’ driven investment in the WAM Capital and WAM Active portfolios.


Wilson Asset Management

Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB),...

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