| Date | Subject |
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28/5/2021
09:11 | action: I do not pay stamp duty for S32 in UK.
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16/4/2021
08:59 | scotches: Big write-up in IC on S32 by FT mining correspondent Alex Hamer. Getting rid of the company's coal assets is seen as positive. Aluminium at 1/3rd of revenue is at a 3 year high.
hTTps://www.investorschronicle.co.uk/ideas/2021/04/15/south32-going-north/
Intro
"Paying to get assets off your books does not usually generate investors' excitement. But diversified miner South32 (S32) saw its share price keep moving upwards after it announced in early April that it would get rid of its South African coal mines by handing the buyer, Seriti Resources, $200m (£145m) as well as a $50m loan."
Summary
"Why buy a second-tier miner when the biggest companies in the sector are doing so well? Building a portfolio is about spreading risk. South32 looks cheap valued on earnings and offers exposure to the broader industrial strength story, with a different suite of metals to the majors and less governance risk than Glencore (GLEN), which also has zinc and nickel. Rio Tinto (RIO) mines aluminium but relies on iron ore for its earnings.
South32 without the South African coal assets is a better group and will have more cash to throw around once this deal is done, despite having to fork over $200m to Seriti. Buy."
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02/2/2021
10:13 | scotches: S32 getting a mini price rally on last couple of days from the Reddit/Gamestop private "investors" moving on to silver.
It is not clear who exactly is prompting silver's move other than speculative bubbles seem to be the flavour of the last few weeks.
hTTps://edition.cnn.com/2021/01/31/investing/silver-price-squeeze-reddit-wallstreetbets/index.html
hTTps://www.south32.net/our-business/silver
"Our Cannington mine in Australia has grown to become the world’s largest and lowest cost producer of silver. Here we produce six per cent of the world’s silver."
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04/12/2020
09:13 | arja: now the chart for S32 in oz ( lead market) shows a nice short term uptrend and more in it I think .nice weekend all.
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28/11/2020
10:31 | scotches: Just in case it looked as if S32 had died in March as a result of the virus the share price has woken up a bit recently.
This October report suggests a positive 1st Quarter and a resumption of share buybacks (which may account for share price moving forward).
stocklight.com/stocks/au/materials/asx-s32/south32
"Its US$1.43 billion capital management program is 92% complete with US$121 million remaining to be returned to shareholders.
South32's CEO, Graham Kerr, was very pleased with the quarter, particularly given the challenges it faces from operating in the current environment.
He commented: “Despite the health crisis, we have maintained annual production guidance at all operations. We delivered a 19 per cent increase in manganese ore production and a 22 per cent increase in metallurgical coal production.”
“With another quarter of strong operating performance behind us and the further strengthening of our financial position, we have lifted the suspension of our on-market share buy-back. Our capital management program has US$121 million remaining and recommencing our buy-back will deliver immediate value to our shareholders,” Mr Kerr concluded."
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27/3/2020
07:37 | arja: Action,
sorry I have not been on this thread since your question. actually I am not sure but oz cchart suggests it was about 97 cents on opening and depends what eschange rate was then . quite a reversal in most aussie mining stocks in OZ today and will be reflected in S32 price here in UK today . Scary times with this corona virus and I suspect the dow futures might have had it's bounce after 3 strong days
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02/3/2020
13:32 | arja: my pleasure action . If you hold stocks , might be worth having a CFD account or spreadbet account to short a stock you hold as a kind of hedge until you are confident of direction and then close out . S32 is s funny stock as trading in UK today at a lower level than aussie closing price again and I had a stroke of luck today when my trigger finger worked quickly enough to buy modest holding at 110.66 in opening auction. I then sold at about 114 but it hit over 115 . retreated since of course to 111.10 at present and if the dow does recover later it might well help S32 . US markets are up and down like a yoyo but downtrending chart . good luck
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28/2/2020
15:37 | arja: not at present Action . best thing to do is short stocks or a mire safe practice is to short indices stocks such as MIDD ( FTSE 250 ) or ISF and an investment trust . S32 at 108p is trading at 9 cents below close in OZ where S32 held up well as other mining stocks were hammered . can not see lightening striking twice sadly .
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27/2/2020
15:06 | arja: hi Action,
be careful as the dow is tumbling again and S32 in oz could well dip another 10 or even more . Hence might well see S32 trading at about 205 tomorrow but if course DYOR as eventually it will bounce if better news on corona .
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27/8/2019
10:15 | scotches: hTTps://www.bloomberg.com/news/videos/2019-08-22/south32-continues-to-have-a-positive-outlook-says-ceo-video
hTTps://www.sharecafe.com.au/2019/08/23/south32-halves-dividend-as-weaker-coal-prices-slash-earnings/
"The annual results from miner South32 yesterday gave us a taste of what the 2018-19 financial year was like for resource companies without exposure to iron ore – in a word tough."
"The company has slashed its final dividend by more than 50% to 2.8 US cents a share (fully franked) for the year, from 6.2 US cents a year ago. The slide in the value of the Aussie dollar will part compensate for the reduction, but nowhere near the 50% slash.
But the buyback has been expanded, which will make up more to the cut for those shareholders interested in a bit of capital management. South32 said $US762 million was returned to shareholders in 2018=19 via dividends and the share buyback
The company said that a “US$140M fully franked dividend and an increase in our capital management program of US$250M to US$1.25B, leaving US$264M expected to be returned by 4 September 2020.” demonstrated its “strong financial position.” "
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PLUS1
