South32 Share Discussion Threads

[deanforester] 19/1/2016 17:33

That's odd. At the close it was my biggest rise, +3.43%.

[arja] 19/1/2016 10:53

about the only mining stock which has not gone up today- suggests some serious problems I guess .

[anley] 15/1/2016 10:39

Back from SA and some test cricket............

SA is running out of water and can't produce electricity so the mining industry is in turmoil and along with this so are mining shares. Next comes as to who runs the country and all this will be followed up with elections towards the end of this year..............so is this time to buy?

Buy when there is blood on the streets and so this does represents an opportunity so I bought back my position (see last post) and few more this morning.

S32 has assets in SA so we shall have to see in FEB what the management has to say as to how they are working so expect a gloomy report but more opportunities elsewhere in the world.

Remember that the world need metals and minerals and the world has not stopped producing things - its just slow and could get worse so make sure that S32 has no debt when it reports and good cash flow and we will all be on a winner over the next 12/18 months.

Thats how I see matters at the moment............

[careful] 14/1/2016 10:46

interesting that S32 feel they are in a position to buy some of BLT's assets.
a good sign.
topped up today.
should be a salvation army worker..i have empathy with down and outs.

[careful] 13/1/2016 12:59

up 5% today.
life in the old dog.

[urgentclick] 12/1/2016 15:00

Going down South; exploring my hole, digging deep; with my rusty ole drill. Just some ideas for song lyrics.

[urgentclick] 07/1/2016 11:52

Really bad investment this one down to circa 44p.

[arja] 29/12/2015 22:40

hi Anley2 - hope you have a great time in SA . I return to OZ on 6th feb after 3 months in UK . S32 can usually match the OZ closing price and OZ would be lead market . I find that spreadbets with CMC are useless for some stocks , eg S32 , as they do not quote a price for first few minutes after market opens and often opens at best price of day as happened today - so could not get out a a nice little profit ! a real pain in the proverbial !

[anley2] 23/12/2015 13:50

Thanks for the post ARJA.

Sold half my profitable holding as I am off to SA to look at what is going on in the mining sector.........then down to Cape Town for cricket and a rest.

Will report again in the new year but the mining sector will have taken a few bears by their pants.........the other sector is oil which with a cold snap catch a few on the hop but will start to firm up as the world needs 93m barrels per day just to keep going. Only positions I have is Shell for the long term retirement fund and nothing in the family hedge fund yet.

[arja] 23/12/2015 08:37

yes, nice bounce in OZ and could rally further . I have taken a modest position with a spreadbet and hoping it kicks on in oz in next week or so .

[darias] 23/12/2015 08:13

Looks like you may be right. Not even miners go down forever.

[anley2] 11/12/2015 10:44

Averaged using £/cost averaging............

I noticed that GLEN said that their China orders in 2016 for zinc and nickle are very good and the article went on to say China consumes 50% of the worlds nickle supply and 46% for zinc. These two metals form a big part of the S32 mining operations and on top of that the outlook for silver (another S32 holding) looks good over the next few years as well.

I believe that S32 are now very oversold as small shareholders are still selling....always a reasonable sign that a bottom is being formed in the share price.

Sorry if I seem to be talking my book but for me a contarian investor this share is a steal for 2016.

[deanforester] 10/12/2015 17:08

I think and hope that you are right.

[anley2] 09/12/2015 18:43

What we want is a strong balance sheet with cash flow and reduced debt. The management will be working hard to cut Capex, which they said they woould so all in all let us hope for goodish news from a bombed out sector.

Looking at BB posts from all the other big mining companies it does seem to me that over the past few days many have been panicked out of their positions and this still leads me to believe that S32 offers the best game in town.

AND the new management will be out to prove this to us.......let us wait and see.

[deanforester] 09/12/2015 17:43

Thanks for pointing that out. I saw HY15 and assumed that this was for the current year, but what will be coming is HY16. I've looked at the annual report for 2015, which shows underlying earnings for the full year as 10.8USc/share and 7.6USc/share for 2014.

[anley2] 09/12/2015 16:02

DEAN.....you have miss read the RSN.
This is what the balance sheet was back in 2014 so you can compare it with the new one for end 2015.
If you want to put some more meat on the news then look at the amount of diggable reserves they have as that will show up in the year end 2015 balance sheet to be published in FEB 2016.
Hope this helps...............

[deanforester] 09/12/2015 11:03

Interesting proforma data released today. Earnings shown as about 8.6USc/share, which suggests a dividend of about 4.3USc. The price is up some as a result.

[gateside] 08/12/2015 20:07

urgentclick - 8 Dec'15 - 14:55 - 160 of 161 0 0 (Filtered)

[anley2] 08/12/2015 14:57

Go do what I have mentioned which you clearly have not done......

[urgentclick] 08/12/2015 14:52

Yeah there is money to be made when the stock goes down 8% in day at the lows.

[anley2] 08/12/2015 14:25

Look at my past posts before you write please and you will see just what I have done in S32.

Go to the BEM board and read all my 2015 posts - what I did was to make a huge profit this last year and that story will run for another year. So there is money to be made but you need to know who is in the mining business and how good they are at running a company. Even the big boys have got it wrong because they thought the China boom would last forever. How many will loose their jobs - its just the same when we had the banking bonus story!

Finally, have you heard what a bear is and do you not think I could have used that facility in 2015?

[urgentclick] 08/12/2015 14:20

Personally I would sell all of my stock now to avoid losing all of my investment capital, but that is just my opinion.