Community

Share knowledge. Find answers. Ask questions.

Online Share Trading

Engage and learn about markets and trading online

ACL

Reply
Not applicable
ANYONE WHO CAN TELL ME WHAT IS HAPPENING ARCELOR MITTAL SA, THE RESOURCES R DOING WELL, BUT THIS ONE SEEMS TO BE CASH CONSUMER. WHEN WILL IT START GOING UP?
0 Kudos
8 REPLIES 8
Highlighted
Roniqua
Contributor
Why dont you start big on this one and end up with small amount.
0 Kudos
Super Contributor
patience, mittal 3rd quater results will be a lot better than the 2nd quater, no store closure this year and most plants are running.
0 Kudos
Not applicable
yeah! right...
0 Kudos
Super Contributor
Long term ACL will improve. Its behind the market, PE ratio looks good. In 2-5 yrs should get back to R140-R150
0 Kudos
Not applicable
thats nice, but i dont have 2-5 years, i'm on warrants, which means couple of months.
0 Kudos
Roniqua
Contributor
time decay on a warrant will hurt if you hold for a month or 2
0 Kudos
Super Contributor
I think many traders are short this stock. I has failed to get back to a previous low of around R99 and the short sellers would be squeezed nice and red.
0 Kudos
Franschua
Occasional Contributor
China is producing more steel than required, a few weeks ago it was in the news. Steel stocks will be depressed for the time to come
0 Kudos