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Bullboard - Stock Discussion Forum Stelco Holdings Inc STZHF


Primary Symbol: T.STLC

Steel Steel
Stelco Holdings Inc. is a Canada-based integrated and independent steelmaker with advanced integrated steelmaking facilities in North America. The Company is engaged in the production and sale of steel products. The Company produces flat-rolled value-added steels, including coated, cold-rolled, and hot-rolled steel products, as well as pig iron and metallurgical coke. It also provides gauge... see more

Bullboard (TSX:STLC)

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Comment by CHECKMATE77on Dec 21, 2021 2:01pm

RE:1million shares need to cover

This could also just a message to the market " look at me I am. Cheap" a way to grasp some attention  seems to be working up almost 5% since announcement 
84
Discussion
Post by extremeriskon Dec 21, 2021 11:42am

1million shares need to cover

I bought more this morning.  Don't have a real time short sale number but I am guessing is around a million shares need to cover from now until Jan 24th 2022. excellent move by kestenbaum ...more  
141
Discussion
Comment by marsman1on Dec 21, 2021 11:05am

RE:RE:RE:Dutch Auction explained...

I think this board is beginning to understand the dynamics of Goldberg , and Alan and Bedrock. When the company bot shares from Bedrock, Alan thanked his "partners," for selling at a price ...more  
112
Discussion
Comment by Eastbankon Dec 21, 2021 11:03am

RE:RE:RE:Dutch Auction explained...

This proposal is definitely a head scratcher! It makes no sense whatsoever.
69
Discussion
Post by extremeriskon Dec 21, 2021 11:03am

Squeezing out the short traders

That's the play here.  The shorts will disappear with $250 million floor to deploy at 37 a share.  No pint shorting Stelco now.  That's almost 7 million shares worth of cushion. ...more  
111
Comment by extremeriskon Dec 21, 2021 10:59am

RE:RE:RE:Dutch Auction explained...

He has one year lockup from last sale in august so he can't.  This deal ends Jan 26 2022.   Done strategically to be before year end results due to be released in feb 2022. I think ...more  
78
Discussion
Comment by fishcarrieron Dec 21, 2021 10:46am

RE:RE:Dutch Auction explained...

I don't think this would even deter short-sellers. STLC hasn't been as low as $31 since July. I totally don't get this. Unless it's an invitation to let Goldberg relinquish his ...more  
80
Discussion
Comment by CHECKMATE77on Dec 21, 2021 10:06am

RE:Dutch Auction explained...

I don't think they are going to get many shares. the market price would have to be lower then the auction price to be filled. Now if I owned 500,000 shares and wanted out , maybe , since my ...more  
108
Discussion
Post by sunshine7on Dec 21, 2021 9:51am

Dutch Auction explained...

"Dutch Auctions are a proven, effective buy-back vehicle for companies whose securities are not broadly traded." Candidates for a Dutch Auction often share the following characteristics:  ...more  
187
Discussion
Comment by sunshine7on Dec 21, 2021 9:43am

RE:RE:I'm confused

Not USD as the quote was yesterday in CD. This leaves me confused as well as the market (with tailwinds) seems to say it's ok?
64
Discussion
Post by extremeriskon Dec 21, 2021 9:29am

Made a floor at 37

Don't think they really want to buy any shares back with modified Dutch auction.  I don't blame them.  Last time they bought back stock was around 45 or so and now 37 so clearly it ...more  
118
Comment by Tothemoon2on Dec 21, 2021 8:34am

RE:RE:I'm confused

Unless they know one of the big holders wants to sell some otherwise I don't get the price.
60
Discussion
Comment by fishcarrieron Dec 21, 2021 8:31am

RE:I'm confused

Not confused here. Momentarily I thought HURRAHHH, Then I saw Dutch auction whose price is $31-$37, and said to myself, "Well, forget that!"  Now, if they meant in US dollars, we might ...more  
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Discussion
Post by Tothemoon2on Dec 21, 2021 8:28am

I'm confused

The max you could get is 37 Canadian dollars when the price at close yesterday was above that.  
153
Discussion
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